Tag: taxes
Democrat Plan Would Push Top Tax Rate to Almost 60% in...
(Brad Polumbo, Foundation for Economic Education) Successful residents of high-tax states are in for an ugly surprise if new tax legislation passes in Congress....
Critics Say Biden’s Tobacco Tax Violates Pledge
(The Center Square) House Democrats sparked headlines this week with the release of several proposed tax increases, including one that would spike the cost...
White House, Democrats Tangle Over Biden Bid to Raise Taxes
(Associated Press) President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the...
Agency: Trump Is Due $1M Tax Refund for Chicago Skyscraper
(Associated Press) An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill...
Bipartisan Infrastructure Bill WON’T Fund Biden’s IRS Tax Collectors
(Headline USA) President Joe Biden‘s proposal to hire 87,000 new IRS tax collectors to crack down on tax evasion and help fund a nearly $1 trillion bipartisan...
Households Face Up to $14,000 in ‘Hidden’ Federal Taxes Every Year,...
(Brad Polumbo, Foundation for Economic Education) Most Americans pay close attention to how much of their money is taken in taxes each year. But...
Trump Organization CFO Surrenders Ahead of Expected Charges
(Associated Press) The Trump Organization's longtime chief financial officer, Allen Weisselberg, surrendered to authorities early Thursday ahead of an expected court appearance on the...
Billionaires Reap Tax Advantages of Roth IRAs – You Can Too
(Chris Davis, NerdWallet) The trove of IRS records recently uncovered by ProPublica has confirmed what many have always suspected: Billionaires often enjoy a substantially...
A New Analysis Just Debunked Biden’s No-Tax-Hike Promises
(Brad Polumbo, Foundation for Economic Education) President Biden ran for office promising not to raise taxes on anyone earning less than $400,000. But a...
Leak of Billionaires’ Tax Data Draws GOP Outcry Over Privacy
(Associated Press) Republicans in Congress are alarmed by the leak of confidential IRS data to the investigative news organization ProPublica, enabling it to reveal...
