A Colorado based marijuana dispensary is suing the IRS. The Denver Post reports that a marijuana dispensary, Allgreens, is challenging the IRS for charging them a 10 percent penalty because Allgreen’s pays its federal...
- The Tax Policy Blog
- Obama Solves Tax Gap Problem
Obama Solves Tax Gap Problem
Seeking new sources of revenue, Barack Obama's tax reform panel has solved the tax gap problem in just a matter of days following its creation. Each member appointed to the panel by Obama was audited for previous tax years by the Treasury Department, and the audits uncovered hundreds of billions of dollars in unpaid taxes.
Combined with back taxes from other Obama nominees who have had tax troubles, the soon-to-be-paid taxes uncovered by the audits of the panel members mean that Obama has in effect solved the tax gap.
Inside sources are reporting that the only thing standing in the way of Obama completely solving the tax gap is Willie Nelson, an Obama supporter in 2008.
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