Asset Value of Nonprofit’s

Tax day has hit America. The United States tax code is well over 70,000 pages long with special give aways that benefit many organizations. One of those being nonprofits. Here is some tax day information about nonprofits via StastiticBrain.com

Number of nonprofit returns

383,064

Assets controlled by nonprofit’s

$3.796 Trillion

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U.S. House Votes to Cut IRS Budget

While I personally would like to see Lois Lerner criminally arrested for lying to Congress and pulling her “my e-mails” disappeared, I will take this small victory being reported by the AP:

The GOP-controlled House has voted to slash the budget for the Internal Revenue Service’s tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers and make it more likely that people who cheat on their taxes will get away with it. The House approved the cuts by voice vote after little debate Monday night as it took up a $21 billion spending bill that sets the IRS budget.

The IRS doesn’t need reform, it needs to be gutted. The pipe dreams of little fixes hear and there is over. Replace the IRS with a new tax code like the Fairtax.

Unfortunately the Senate led by Harry Reid will not act on this and just table it. More bad news, in a few years the IRS will be full tilt Obamacare enforcement so I would expect more scandals of bigger proportion then Lois Lerner.