Townhall reporter Kevin Glass wrote the following article based off of ATR’s press release focused on how federal, state and local taxes affect the highest paid athletes:
“Every year, Sports Illustrated compiles a ranking of the highest-earning professional athletes in the United States. It's headlined by familiar names like Floyd Mayweather, LeBron James, Kobe Bryant and Tiger Woods. Americans for Tax Reform has compiled a report that can serve as a companion to Sports Illustrated's, in which they calculate federal and state tax rates for these same athletes and give a re-ranking.”
The Business Journal published an article by Kent Hoover about the Capitol Hill briefing yesterday on the damaging Market Place Fairness Act: “Internet sales tax opponents rally House staffers to keep Republicans in line”
“But as federal affairs manager for Americans for Tax Reform, McAuliffe is most concerned about the Marketplace Fairness Act's tax implications. She's afraid that allowing states to collect sales taxes from businesses in other states would open the door for states to hit out-of-state businesses with other taxes.
Plus, adding sales taxes to Internet purchases is going to feel like a tax increase, even though consumers currently are supposed to pay sales taxes themselves to their states on out-of-state purchases. Few do, however, because there's no practical way to enforce this requirement.”
An Op-Ed by Peggy Noonan was published in The Wall Street Journal today on the need for a full investigation of the IRS:
“But this scandal is different and distinctive. The abuse was systemic—from the sheer number of targets and the extent of each targeting we know many workers had to be involved, many higher-ups, multiple offices. It was ideological and partisan—only those presumed to be of one political view were targeted. It has a single unifying pattern: The most vivid abuses took place in the years leading up to the president's 2012 re-election effort. And in the end several were trying to cover it all up, including the head of the IRS, who lied to Congress about it, and the head of the tax-exempt unit, Lois Lerner, who managed to lie even in her public acknowledgment of impropriety."
View PDF here.