You hear a lot of talk about waste in government, especially in the bureaucracies at the federal level. But then you see an investigation by my Independence Institute colleague Todd Shepherd (also the founder of Complete Colorado), and that waste sort of comes to life. It becomes a little less abstract. If the headline doesn't draw you to take a peek, I'm not sure what will: "Excuse me, Homeland Security Department, how do you lose two forklifts?" (H/T Amy Oliver) During one calendar year, the Customs and Border Patrol Agency by itself lost $7.1 million of material, including 171 desktop computers, 28 motion picture cameras, and - yes - 2 forklifts. Check it out for yourself, then do what the Independence Institute did: write members … [Read more...]
How Much Does It Cost to Pay the IRS a Nickel Owed for Federal Taxes?
Did you hear the one about the Internal Revenue Service, a trial lawyer, and loose pocket change? A true - and telling - story in today's Detroit Free Press:In mid-November, [Detroit criminal defense attorney James] Howarth received notice that his FICA account, even after an adjustment, was out of whack. He owed the IRS a nickel. And the IRS was serious. It advised him to act promptly "to avoid additional penalty and/or interest." Howarth started calculating how much that nickel was going to cost him. As he figures it, there is the 5 cents plus the cost of a check -- payment must be made by check or money order. Then there is his CPA's fee, an envelope, his secretary's time, his own time and a 42-cent stamp. "The costs are … [Read more...]