Tag: taxes
Credit Rating Agency Warns Recession Could Trigger Property Tax Hikes
(The Center Square) Fitch Ratings said Friday that the outlook for state and local governments was "deteriorating" and an expected recession could put pressure...
IRS Raises Contribution Limits for Retirement Savings Plans
(AP) Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.
The IRS said Friday that...
IRS Ups Standard Deductions, Tax Brackets Due to Inflation
(AP) Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government...
Public Schools Are Spending Money Like Crazy
(Jessica Marie Baumgartner, Foundation for Economic Education) The public education system has been failing students for years. From misappropriating funds to providing inadequate lessons...
Some States Could Tax Biden’s Student Loan Debt Relief
(AP) President Joe Biden's student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a...
Americans Expect Beefed Up IRS to Target Political Opponents, Middle Class
(The Center Square) More Americans believe the latest legislation to hire 87,000 Internal Revenue Service agents is part of a plan to audit middle...
Militarized IRS Plays Victim, Announces Security Review amid Threats
(Headline USA) Responding to an increasing number of threats over the Biden administration’s new plan to aggressively target middle-income taxpayers with audits, the Internal Revenue...
Former IRS Whistleblower Says Agency Expansion Will Target Middle Class Americans
(Headline USA) A former IRS whistleblower said this week that Democrats’ massive spending bill, which significantly expands the scope and size of the IRS, will target middle...
Congress Is Supersizing the IRS
(Brad Polumbo, Foundation for Economic Education) Americans love their fast-food supersized. But supersizing the Internal Revenue Service?
Probably not so popular.
That’s evidently of little concern...
Dems Want to Tax High Earners to Protect Medicare Solvency
(AP) Senate Democrats want to boost taxes on some high earners and use the money to extend the solvency of Medicare, the latest step...
