For the past 20 years, online retailers have been exempt from collecting sales tax from customers who live in states where the retailer does not have a physical presence. While the preferential treatment was meant as a way to encourage retailers to expand their businesses by selling their products online, it has given online-only businesses an unfair advantage over brick and mortar stores. Continue reading
IRS Furloughs Start May 24
On May 24, IRS employees are going to be forced to take unpaid days off in a staggered schedule. The furlough, which is a result of the sequester, is calling for one day off every other week for five to seven days.
This is hitting right into the pocketbooks of civil servants who are not going to be able to use sick or vacation days so as to prevent themselves from losing income in the course of this. The result is (depending on one’s pay scale) a total cost of up to $1,140-$2,800 is going to be lost in wages. Continue reading
The IRS and the Tea Party
Both liberals and conservatives expressed outrage after the IRS revealed that it had targeted Tea Party groups who were seeking legal tax exemptions.
President Barack Obama stated that he would not tolerate politically motivated attacks by the agency, calling the actions by the IRS outrageous. Continue reading
IRS Workers Protest Spending Cuts
IRS employees are upset about upcoming unpaid furloughs caused by the US government sequester. The sequester requires that $600 million dollars be cut from the IRS budget this year. This cut forces the IRS to put its nearly 100,000 employees on up to seven days of unpaid leave. IRS employees are protesting around the country and the largest rally to date was held last week in New York. Continue reading