Taxes

The old saying goes, "Nothing is certain except death and taxes." But the Affordable Care Act has added a new wrinkle.

For many policyholders, the ACA has introduced a good deal of uncertainty about their tax bills. That has led to surprise refunds for some and higher-than-expected tax payments for others.

Wikipedia Commons

WASHINGTON — Promising to abolish the Internal Revenue Service is a good talking point for political candidates who are looking to fire up the Republicans’ most conservative voters. It’s also unlikely to ever happen, no matter how easy folks such as Sen. Ted Cruz like to make it sound.

The Texas Republican is pledging to scrap the tax-collecting agency as he runs for the GOP presidential nomination in 2016. He joins potential contenders and the Republican National Committee itself in the decidedly longshot push to dismantle the unquestionably unpopular IRS. “Imagine abolishing the IRS,” Cruz told college students during his campaign launch Monday. Compared with America’s history of fighting communism, wars and economic calamities, he said, “abolishing the IRS ain’t all that tough.”

Actually, it could be pretty difficult.

The IRS collects more than $2.4 trillion every year — money that picks up the tab for the military, Social Security, Medicare, all those projects that lawmakers love to bring home to constituents and so much more.

Bexar County Appraisal District

The Republican-controlled Texas legislature has promised tax cuts. The Texas Senate pegged their cuts at $4.6 billion, which would come from reforms of business taxes as well as local property tax. One piece of legislation--SB 182--would cap the percentage a county could tax residents at four percent, and the outcry from cities and counties has been loud.

As the courts brace for battle over halting deportations, where’s the outrage over the other unilateral immigration action? Plus, the Texas tax cuts of 2015 — will they happen, who’ll keep their money and why? Also, youngsters step up to school the rest of us on the trouble with coeducation in Texas. And after the thaw, tips on getting your hands dirty. All that and more on the Texas Standard.

Ryan Loyd / TPR News

A review of Bexar County's Economic Development Department resulted in a reorganization that removes independence and employs more oversight by integrating it into the county manager's office.

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