Arizona Gets a Win in Court Challenge to Biden COVID Funds Tax Restriction
Estimated Reading Time: 2 minutes A federal appellate court dealt President Joe Biden a loss Thursday, ruling that Arizona can challenge the administration’s rule prohibiting states from using COVID-19 funds to lower taxes. Biden rallied support and passed the American Rescue Plan Act in March of last year. That law provided funding for states to […]
Biden Touts New Budget With Tax Hikes, Critics Push Back
Estimated Reading Time: 3 minutes President Joe Biden released his 2024 budget Thursday [3/9] that includes a trove of tax hikes, quickly sparking pushback from critics. The White House said the budget will cut deficits by nearly $3 trillion over the next decade. Critics argued that despite those cuts, the national debt is still soaring, […]
Here's how to get a refund for remote earnings tax in St. Louis City – KSDK.com
ST. LOUIS — Thousands of people may soon be able to get refunds after the city of St. Louis recently settled a lawsuit over income taxes. Residents who live in the city of St. Louis pay a 1% income tax. People who live outside the city but whose employers are based in St. Louis also […]
IRS issues rare apology to billionaire Ken Griffin over tax records leak – New York Post
The Internal Revenue Service has issued an unprecedented apology for leaking billionaire investor Ken Griffin’s tax returns to the press. The apology comes after the Citadel CEO settled a lawsuit he filed against the IRS in 2022 on Monday. The suit alleges that an IRS employee illegally leaked his tax returns to the news site […]
Kenya’s president backtracks on tax increases after deadly protests shake nation
Kenyan President William Ruto has announced he will not sign a finance bill that proposes new taxes following deadly protests across the country. The bill was intended to raise funds to repay the debt but faced widespread opposition from Kenyans already struggling with economic hardship. The military was deployed following protests on Tuesday, with Prime […]
Flatulent Cows, Sheep, and Pigs Face World’s First Carbon Tax in Denmark
Danish livestock farmers have been warned that they will be taxed on measuring the farts and burps of their cows, sheep and pigs from 2030, making Denmark the first country in the world to do so as it tries to reduce methane emissions. AP Reports Tax Minister Jeppe Bruus said the aim is to reduce […]
IRS apologizes to billionaire Ken Griffin for leaking his tax records – CBS News
The IRS has issued an unusual apology for releasing billionaire investor Ken Griffin’s tax records to the media and to other taxpayers whose information was leaked, the tax agency said. statement on tuesday. “The Internal Revenue Service sincerely apologizes to Kenneth Griffin and the thousands of other Americans whose personal information was leaked to the […]
The City of Phoenix Is Pushing Back on Tax Cuts so It Can Keep Fleecing Taxpayers
Estimated Reading Time: 3 minutes The Arizona state General Fund is flooded with revenue. Latest projections show the state with $1.2 billion in ongoing revenue and a cash balance upwards of $6.5 billion in FY2024. This is by far the largest budget surplus in state history and doesn’t even include the $1 Billion stashed away […]
Brazil-backed G20 report calls for global, wealth-based income tax
A new report commissioned by Brazil in its current presidency of the Group of 20 major developed and developing countries proposes a global tax on the super-rich. A report by Gabriel Zucman, a French economist who teaches at the Paris School of Economics, proposes that individuals with total assets of more than $1 billion should […]
Gaetz unveils bill allowing bitcoin tax payments
Rep. Matt Gaetz (R-Fla.) introduced a bill on Tuesday that would allow Americans to pay their federal income tax in Bitcoin. Gates said the bold move will “spur innovation, increase efficiency, and provide more flexibility for the American people.” “This is a bold step toward a future in which digital currencies play a key role […]