Tag: taxes
Court Hands Tax Win to Michael Jackson Heirs
(Associated Press) A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle, finding that the...
Key Piece of Biden’s $1.8T Families Plan Expires After 2025
(Associated Press) President Joe Biden couldn't get everything he wanted into his own $1.8 trillion families plan.
His proposed child tax credit is set to...
Biden’s Proposed Capital Gains Tax Rate Would be Highest for Many...
(Tax Foundation) The Biden administration is proposing to tax long-term capital gains at ordinary income rates for high earners, which will bring the top federal rate...
Biden Seeks More Taxes on Investors, States Seek Less
(Money Metals Exchange) President Joe Biden indicated he wants to raise the capital gains tax to a top nominal rate of 39.6%. That would...
One Key Biden Policy Will Reduce Household Income by $1,650
(Brad Polumbo, Foundation for Economic Education) President Biden is touting his new $2.3 trillion+ spending plan as a boon to workers, even dubbing it the “American Jobs...
Justice Department Sues Roger Stone Over $2M in Unpaid Taxes
(Associated Press) The Justice Department sued Donald Trump's ally Roger Stone on Friday, accusing the conservative provocateur and his wife of failing to pay...
Yellen Calls for Minimum Global Corporate Income Tax
(Associated Press) U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any...
Administration Mulls Mileage Tax to Fund $3 Trillion Infrastructure Bill
(PJMedia) The Biden administration is casting about for ways to fund its gargantuan $3 trillion infrastructure program and have come back to an idea...
NY Business Leaders Warn Cuomo: ‘People Voting with Their Feet’
(Brad Polumbo, Foundation for Economic Education) Thanks to the recently-passed $1.9 trillion spending package, the state of New York is set to receive a whopping $23.5...
IRS Will Delay Tax Filing Due Date Until May 17
(Associated Press) Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it's delaying the traditional tax filing deadline...
