Stephen Moore: End the Hidden IRS $700 Billion Tax Hike
Concerns Over IRS Practices Under Biden Administration President Trump has taken significant steps to curb the IRS’s power, which many believe has turned into a tool for targeting political opponents. There’s a saying from Secretary John Marshall that “the power to tax is the power to destroy,” and it seems Democrats in the Biden IRS […]
Rivian Reveals Job Cuts After Tax Credits End
Rivian Initiates Layoffs Amid EV Tax Credit Uncertainty Rivian, the electric vehicle manufacturer based in Irvine, California, recently announced plans to lay off around 200 employees, which is about 1.5% of its workforce of roughly 15,000. This decision comes as the company prepares for the expiration of the federal EV tax credit at the end […]
Government Allocates Funds for Tribal Government Struggling with Tax Issues Related to Trump
Federal agencies are investing significant amounts—tens of millions—in California’s Native American tribal governments, particularly those that oppose President Trump. A recent report highlights that these tribes frequently delay paying taxes. According to an analysis by the American Accountability Foundation (AAF), the Kumeyaay Nation and its Sycuan Band accrued over $2.5 million in state and federal […]
Small Businesses Benefiting from Trump Tax Cuts; Expanding Locations, Hiring More Staff, Increasing Pay
Job Creators Network Poll Highlights Impact of Tax Cuts on Small Businesses This week, the Job Creators Network, known as America’s largest advocate for small businesses, released new voting data shortly after President Trump enacted a significant bill backed by the Republican Party. A national survey by Scott Rasmussen and John McLaughlin, involving 400 small […]
Your IRS Tax Refund Might Be Prevented Following Trump’s Recent Directive
The US government is undergoing significant changes, particularly concerning payment methods. An order, signed in March 2025, outlines that, by September 30, 2025, all payments from the Federal Government, including tax refunds, will be made electronically. This marks a shift away from traditional paper checks, which will no longer be issued by the Department of […]
Mamdani aims to persuade New York City’s rich that tax increases will enhance their quality of life.
New York City Mayoral Candidate Advocates for Tax Hikes Zohran Mamdani, a democratic socialist running for mayor of New York City, expressed on Sunday his intention to persuade wealthy residents that higher taxes could enhance their quality of life. This idea surfaced during his conversation with Pastor Al Sharpton on MSNBC’s “PoliticsNation.” When asked how […]
Reasons gold has higher tax rates compared to stocks and requires policy reform
Gold’s Rising Value Amid Tax Issues Gold is currently experiencing unprecedented highs, driven by a variety of factors, particularly shifts in how central banks view their reserves. Many are moving away from the US dollar and opting for gold, primarily due to rising inflation concerns and the push for safer investments. But there’s a significant […]
Liz Weston: Homeowners lose step-up tax basis if they are not married
Dear Liz: I co-own a house with my long-term boyfriend. If one of us passes away, how does the capital gains step-up impact the surviving partner? Answer: The deceased partner’s share of the home gets a new tax basis, while the survivor’s Portion remains unchanged. A tax basis is crucial for figuring out how much […]
Property Tax in Greece’s Border Regions to Be Eliminated
Greek Prime Minister Kyriakos Mitsotakis is set to make an announcement at the Thessaloniki International Fair regarding the elimination of property taxes in select major Greek areas. This initiative specifically targets towns and villages with populations between 3,000 and 5,000. The intent is to bolster these communities, enhance national security, and tackle demographic issues. Government […]
Changes to 2026 W-2 and W-4: No tax on tips, additional deductions for those 65 and older, and more
Impact of New Tax Laws on W-2 Forms Are you curious about how the latest tax laws might change your salary and taxes? Some insights can be found within the updated W-2 form for employees. The IRS has recently released a draft of the new W-2 form. This will be used for calculating tax withholdings […]