“A tax loophole
is “something that benefits the other guy. If it benefits you, it is tax reform.”
— Russell B. Long, U.S. Senator
Mitt Romney released his tax return
Which in turn released a flood of criticism about the difference in tax rates on capital gains versus earned wages.
The majority of working folks AKA the 99% don’t like it that the wealthy get tax breaks that they don’t need whereas lesser fortunate people pay higher tax rates.
This complaint isn’t pro-socialism just about plain old fairness.
Identity theft bust
The IRS and the Justice Department busted 69 people so far out of a targeted 105.
Jail time awaits the people who were involved in identity theft in 23 states.