Category: #Taxes
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Biden drops a global tax hammer on Big Tech
The president’s is proposing global tax changes that would ensnare companies like Facebook, Google and even Volkswagen. Source: https://www.politico.eu/article/washington-us-tax-digital-brussels-oecd/ Proactive Computing found this story and…
Biden rescinds Trump-approved Medicaid work requirements in Michigan, Wisconsin
President Biden this week rescinded former President Trump’s permission for Michigan and Wisconsin to institute work requirements for recipients of Medicaid.The Centers for Medicare and…
Wealthy New Yorkers to pay highest combined US tax rate under budget deal
A tax agreement reportedly reached by New York Gov. Andrew Cuomo (D) and state lawmakers may mean that the wealthiest residents in New York City will…
Manchin says he won’t support corporate tax hike to 28 percent
Centrist Sen. Joe Manchin (D-W.Va.), who has emerged as a powerbroker in the 50-50 Senate, said President Biden’s $2.25 trillion infrastructure proposal needs changes and…
One of the most complex tax seasons ever
This year’s tax season is shaping up to be a gnarly one. The IRS has agreed to give Americans an extra month to file their…
Biden says he plans ‘small to significant’ tax hike for those making over $400,000
Republicans are sure to oppose any such effort by the president and his Democratic allies. Source: https://www.nbcnews.com/politics/joe-biden/biden-says-he-plans-small-significant-tax-hike-those-making-n1261292 Droolin’ Dog sniffed out this story and shared…
Warren and fellow progressives propose ‘Ultra-Millionaire’ tax
The proposed act would levy a two percent annual tax on households and trusts valued between $50m and $1bn. Source: https://www.aljazeera.com/economy/2021/3/1/warren-and-fellow-progressives-propose-ultra-millionaire-tax Droolin’ Dog sniffed out…
Manhattan prosecutor gets Trump tax records after long fight
NEW YORK — A New York prosecutor has obtained copies of Donald Trump’s tax records after the Supreme Court this week rejected the former president’s…
IRS extends tax-filing deadline for Texas over winter storms
The IRS announced Monday that it is extending the tax-filing deadline to June 15 for victims of the winter storms in Texas.The extension applies to…
Please hang up and try again: IRS phone lines already swamped
IRS phones are ringing off the hook even more than usual as tax filing season gets underway, but odds are slim — about 11-to-1 —…
Stimulus payments being cut for some with government debts
Millions of people who owe taxes and other money to the government are seeing their economic stimulus payments cut or wiped out to cover the…
Judge orders Treasury to notify Trump before giving up tax returns
A federal judge on Friday ordered the Treasury Department to give attorneys for former President Donald Trump 72 hours’ notice if it decides to turn…
IRS says Prince’s estate was undervalued by $80 million
Prince’s 2016 death created one of the largest and most complicated probate court proceedings in Minnesota history. Source: https://www.nbcnews.com/pop-culture/music/irs-says-prince-s-estate-was-undervalued-80-million-n1252690 Indie Brew found this story and…
NRA accuses its own executives of using funds to enrich themselves in new tax filing
The revelation comes after a New York lawsuit alleging similar conduct Source: https://www.independent.co.uk/news/world/americas/nra-tax-filing-funds-executive-b1761993.html Droolin’ Dog sniffed out this story and shared it with you. The…
Report: Tax records show Trump tried to land China projects
President Donald Trump spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership…
Federal court rules that Trump must turn over tax returns
<p>Federal ruling sets the stage for a battle at the Supreme Court over the president’s tax records</p> Source: https://www.independent.co.uk/news/world/americas/us-politics/federal-court-rules-trump-must-turn-over-tax-returns-b863629.html Droolin’ Dog sniffed out this story…
Head of NRA reportedly under investigation by IRS over personal taxes
<p>Wayne LaPierre charged in August in civil suit over unclaimed benefits</p> Source: https://www.independent.co.uk/news/world/americas/nra-irs-wayne-lapierre-taxes-investigation-b814084.html Droolin’ Dog sniffed out this story and shared it with you. The…
Podcast: Digging into the New York Times’ Trump tax bombshell
President Trump paid no federal income tax in 10 of the past 15 years, and just $750 in 2016 and 2017, according to a new…
Biden releases 2019 tax returns ahead of debate
Joe Biden’s campaign released his 2019 tax returns on Tuesday, showing that he and his wife, Jill, paid nearly $300,000 in federal taxes last year….
Bernie sanders blasts Trump as corporate socialist over his tax returns
<p>American taxpayers have paid nearly $1m to Trump properties during Mr Trump’s tenure, according to GAO reports.</p> Source: https://www.independent.co.uk/news/world/americas/us-politics/bernie-sanders-donald-trump-tax-returns-corporate-socialist-b674690.html Droolin’ Dog sniffed out this story…
Yes, A Tax Scandal Can Take Down a Politician
There are thousands of words in the New York Times account of Donald Trump’s taxes, and tens of thousands more will be published in the…
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