Tax Competition Between States: How Low Will Tax Rates Go?
Several states are eagerly competing to attract over-taxed people by lowering their income tax rates, in some cases to zero.
The IRS is Already Snooping
You might have thought the Biden administration changed that provision that would allow the IRS to snoop into your finances. Well, think again.
Tax Jeopardy!
After an incredible run on the long-running game show, winning nearly $1.4 million, Ms. Schneider is off of TV “Jeopardy!,” but now finds herself in tax jeopardy.
Will California's Government Raise Taxes Even More?
In the competition for the state with the most taxes and the highest tax rates, California is striving to be way ahead of the pack—making other states look like a better option.
Your Taxes Are Likely to Be More Complicated This Year
After four years of simpler income taxes, this year tax compliance will be more complicated thanks to the Biden administration.
It's Official: 2017 Tax Cuts Helped Low- and Middle-Income Earners Most
While Republicans in 2017 gave low- and middle-income earners a big tax cut, Democrats are now planning to do the same for the wealthy.
Democrats' Massive Tax Cut for the Wealthy
Contrary to their “working class” rhetoric, the Democrats really are transforming into the party of the wealthy elites. They will spend $15 billion for the working poor, $130 billion on health care, but a whopping $475 billion on a tax cut for the wealthy.
It's Impossible to Accurately Tax an Unrealized Gain
Democrats in Congress don’t seem to realize that it’s impossible to accurately tax an unrealized gain, because real value is determined by market transactions convening a willing buyer and a willing seller. Without a transaction, the value of the taxed asset would be determined arbitrarily, and by whom?
Raising Taxes on the Most Disadvantaged Americans
The lower your household income, the more likely you are to be a smoker. Doubling the tax on cigarettes suggests Democrats aren’t quite as concerned about economic disparities and equity as they claim.
The $3.5 Trillion Tax and Spending Proposal Will Hurt the Economy and Our Politics
You shouldn’t be able to ram through massive policy changes without a solid mandate from the voters, which Democrats definitely do not have.