‘We Will Make The Trump Tax Cuts Permanent’
Former President Donald Trump vowed to “make the Trump tax cuts permanent” during a speech at Turning Point Action’s “People’s Convention” on Saturday. his speech Speaking at the party’s convention in Detroit, Michigan, the former president added that if elected in November, his administration would “further cut taxes on working families and small businesses.” “We’re […]
Infamous ‘Zuckbucks’ Group Tries To Election-Meddle Again — This Time With Federal Tax Dollars
Estimated Reading Time: 4 minutes CTCL hopes to connect selected election officials with FEMA money, increasing activist and nonprofit control over local election offices in 2024. On Wednesday, in an email sent to a network of election officials and nonprofit organizations, the Center for Tech and Civic Life (CTCL) announced it would begin efforts to […]
Trump Vows Not to Tax Tips During Roundtable Church Event
During a roundtable discussion at an African-American church in Michigan, former President Donald Trump reaffirmed that his administration “is not going to tax tips.” Trump was speaking to restaurant owners at a roundtable discussion at 180 Church in Detroit on Saturday. stated If elected, he said his administration would “not tax tips” for waiters, waitresses, […]
Proposed tax plan eliminates taxes on social security income and moves Kansas to two tax brackets – KAKE
news 12 hours 43 minutes ago Written by Jocelyn Schifferdecker TOPEKA, Kan. (KAKE) – Kansas Governor Laura Kelly and Republican leaders have finally come to an agreement on a tax cut plan after months of disagreement. Republican leaders who helped craft the plan said they believe it will help save Kansans money. “This is going […]
IRS hit Americans with $7B in tax penalties last year
The report said the Internal Revenue Service assessed $7 billion in penalties last year, nearly four times the $1.8 billion it assessed in 2022 after the Biden administration boosted the agency’s staffing. The bulk of the penalties will be assessed to people who underpaid quarterly estimated income taxes, including business owners, gig workers, investors and […]
St. Louis settles earnings tax case, will allow refunds for pandemic years – St. Louis Post-Dispatch
Attorney Mark Milton, center, surrounded by four of his six clients and with co-counsel for the plaintiffs, Bevis Schock, told reporters at their Clayton office on Friday, June 14, 2024, that they had won their three-year battle against the city of St. Louis in their income tax case. Photo by Laurie Skrivan, lskrivan@post-dispatch.com By Laurie […]
Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions
(Photo by Zach Gibson/Getty Images) OAN’s Brooke MalloryFriday, June 14, 2024 3:11 PM The Internal Revenue Service reportedly assessed $7 billion in additional tax penalties last year, nearly four times the $1.8 billion it assessed in 2022 following the Biden administration’s push to fund the IRS and beef up enforcement. advertisement In 2022, the Biden […]
Trump’s tariffs-only tax plan is brilliant politics
As he attempts to reclaim his old job, former President Donald Trump teased a new tax plan this week that would see the personal income tax abolished and replaced by an increase in tariffs. Trump has an interesting history with tax policy. He notably signed a massive tax cut for individuals and corporations in 2017. […]
Biden to propose new partnership rules as tax battle heats up
As the fight over how to tax the economy intensifies ahead of the election, President Biden is proposing new rules to go after wealthy tax evaders. The new rules target businesses designated as partnerships, which have proliferated as tax havens over the past decade and are subject to an entirely new division created by the […]
Ninth Circuit to Hear Challenge to L.A.’s Failing ‘Mansion Tax’
The U.S. 9th Circuit Court of Appeals has agreed to hear a challenge to Measure ULA, a November 2022 ballot initiative in Los Angeles that would tax the sale of luxury real estate to fund affordable housing that has fallen short of targets. As Breitbart News reported in early 2023, the ULA bill would have […]