Tag: taxes
Why a Big Tax Refund Shouldn’t Excite You
(Peter Jacobsen, Foundation for Economic Education) Why does the IRS issue tax refunds at all? Simply put, you get a refund because sometimes the...
IRS Leaked Thousands of Americans’ Tax Filings
(The Center Square) The new head of the powerful House Ways and Means Committee blasted the Biden administration for giving few answers after thousands...
GOP Congressman Calls Biden Stock Buyback Tax a ‘Retirement Tax’
(The Center Square) U.S. Rep. David Schweikert spoke against Biden's call for an increased tax on stock buybacks following the State of the Union...
Biden’s IRS Pushes Scheme to Crack Down on Restaurant Tips
(Laurel Duggan, Daily Caller News Foundation) The Biden administration’s Internal Revenue Service (IRS) has proposed a program for service industry employers to report their...
Taxation by Citation: States Where Highest Fines, Fees Assessed
(The Center Square) Local governments across the country pocketed nearly $9 billion in fines and fees in 2020 with residents in New York, Illinois,...
Experts Cast Doubt on Coordinated Wealth Tax Bills
(The Center Square) State legislators announced a collection of bills that target the wealthiest citizens in the U.S. across eight states. Yet many experts...
Report: IRS Delays Made Taxpayers Experience ‘More Misery in 2022’
(The Center Square) Millions of taxpayers were left in limbo as the Internal Revenue Service delayed payouts of refunds for months due to an...
How Investors Can Pay Less Taxes in 2023
(Stefan Gleason, Money Metals News Service) Among the top New Year’s resolutions investors can make is to pay less in taxes. Without doubt, taxes can...
2023 Tax Credits for EVs Will Boost Their Appeal
(AP) Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part...
IRS Juggernaut Targets Venmo, PayPal Transactions, Wedding Registries
(Molly Bruns, Headline USA) A recent reminder to report $600 transactions from Venmo and PayPal to the Internal Revenue Service has Republican lawmakers sounding alarm bells about...
