Scrapping Taxes on Tips Part of GOP Being ‘Party of the Working Class’
House Ways and Means Committee Chairman Jason Smith (R-Missouri) spoke with Breitbart News on Wednesday about the upcoming Trump tax cut bill and the repeal of the tip tax. Smith spoke with Breitbart News Washington bureau chief Matthew Boyle at the Republican National Convention in Milwaukee, Wisconsin. Related video — Senator Daines on the tip […]
How Project 2025 might increase your taxes, for better or worse – WKRC TV Cincinnati
UNDATED (WKRC) – Project 2025 has been much discussed over the past few months, but it’s important to understand how the plan will affect you, starting with your taxes. Project 2025 is a 900-page guide for the next Republican president to overhaul many existing government programs, including the current tax code. The current tax system […]
IRS reports collecting $1 billion from rich households’ back taxes – The Washington Post
The IRS announced Wednesday that it has collected $1 billion in taxes and penalties from hundreds of wealthy households who have accumulated years of delinquent tax debt amid a weakening of IRS enforcement. “The tax claims were not even in dispute. Clearly these people owed back taxes,” IRS Commissioner Danny Wuerfel said on a conference […]
Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires – CNBC
Internal Revenue Service Commissioner Danny Wuerfel testifies to the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images “The IRS has collected $1 billion from billionaires, successfully launching a strategic new program and demonstrating that we can achieve the greatest return on investment,” Treasury […]
GOP Senate Hopeful Unveils Bill Critics Warn Could Lead To Carbon Taxes
Republican Utah Rep. John Curtis unveiled a bipartisan bill Tuesday that critics fear could be the first step toward domestic carbon taxes. Curtis, who is running for U.S. Senate in Utah, introduced the PROVE IT Act in the House alongside Democratic California Rep. Scott Peters, putting forward the complement to the already-introduced Senate version of […]
Jeff Bezos Saves $1 Billion in Taxes by Moving to Florida
Amazon founder Jeff Bezos recently relocated to Miami, Florida, to avoid Washington state’s state capital gains tax and save nearly $1 billion in taxes on recent stock sales. CNBC Reports Amazon founder and billionaire Jeff Bezos is once again in the spotlight not only for a massive stock sale, but also for the significant tax […]
EXCLUSIVE: GOP Rep Introduces Legislation To Eliminate Income Taxes On Overtime Pay
Republican Idaho Rep. Russ Fulcher introduced legislation Monday that would eliminate income taxes on overtime pay. The KEEP Act, first obtained by the Daily Caller, would specifically eliminate income taxes rather than payroll taxes to ensure that Social Security, Medicare and unemployment funding remain unaffected. Under the bill, Americans currently eligible for overtime, as defined […]
6 Charts Show Crucial Facts About Spending, Taxes, Deficits Missing From Biden’s Budget
Estimated Reading Time: 3 minutes The Biden administration on Thursday released an outline for its fiscal year 2024 budget. As expected, it promotes the same swampy, big-government agenda as last year, which the country desperately needs to avoid. Beneath the administration’s spin, the ultimate message is that it thinks the federal government doesn’t have enough […]
Jeff Bezos to save nearly $1B in capital gains taxes by not living in Washington
(The Center Square) – Amazon founder Jeff Bezos has filed a notice with the U.S. Securities and Exchange Commission to sell 25 million of the company’s shares currently worth about $5 billion. In November, the word’s second richest man announced he was leaving Seattle after nearly 30 years of living in the area to move […]
Ask Amy: Anti-social son-in-law taxes family’s patience – MLive.com
Amy Dickinson Tribune Content Agency Ask Amy: Real World Advice Dear Amy: I have a stepdaughter who is 38 years old and thoughtful and successful. We have a good relationship and enjoy each other’s company. I live overseas, so I only see her and her family once or twice a year. The issue I am […]