Update (1454ET): It's official - the billionaire tax is officially dead, according to House Ways and Means Chairman, Richard Neal.
Let's look at actual Supreme Court cases to help decide if taxing unrealized gains is constitutional.
The federal government collected a record $4,045,979,000,000 in taxes in fiscal 2021, according to the Monthly Treasury Statement for September, which is the final month of the federal fiscal year.
Incredibly, in 2020, approximately 61% of Americans paid no federal income taxes, according to the Tax Policy Center. Therefore, approximately 39% of Americans paid all federal income taxes.
As I have repeatedly emphasized, in order to achieve a genuinely free society, it is necessary to dismantle or abolish infringements on liberty.
Full disclosure: This is NOT another tea leaf reading on exactly how and when Congress will manage to raise the debt ceiling, keep the government open, and pass a multitrillion-dollar package of spending offset by tax hikes.
For years, politicians have claimed that the rich weren't paying their "fair share." While it's taken a decade or more for voters to catch wind of the truth, people are finally beginning to realize that the rich actually pay far more than the
One would think that in a nation founded on liberty that we'd be free to spend more on personal consumption than the government takes from us. But that's not the case.
What if every one of your non-cash financial transactions was automatically reported to a beefed-up, audit-hungry IRS?
--Democrats Tout Tax Cuts
The number of wealthy Americans with assets over $2 million who renounced their citizenship has surged amid socioeconomic despair, political firestorms, and an unrelenting virus pandemic sparking increasingly freedom-destroying mandates from the 'pet
We warned over the weekend that 'things just got ugly for crypto in Washington, D.C.' as the government aimed to partially cover the cost of its massive infrastructure bill by taxing crypto companies... and the entire industry will feel it.
The government aims to partially cover the cost of a massive infrastructure bill by taxing crypto companies--and the entire industry will feel it.
A new lawsuit from landlords argues that the CDC's eviction moratorium was a taking, and that they're entitled to compensation.
"Let's be clear. The purpose of these short trips to space isn't scientific research. They're for bragging rights..."
Update (1140ET): Following comments from a team of Goldman analysts who warned in a note to clients published this morning that the Democrats' new spending plan (and the tax hikes they say will accompany it) is a "downside risk to our fiscal assumpti
-- Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
WE ALL NEED TO FIND A NON 501c3 CHURCH THAT PAYS ITSTAXES AND IS NOT A GOVERNMENT CHURCH
An America where your kids can't afford to keep your money: Middle income families' disgust with Biden's 'twisted' 'death tax' that would force many to part with their inheritance to pay the bill
"If any European country ever receives anything close to a check for 15% of the profits made by a big digital tech company selling in their borders, I shall eat my hat."
Big-spending politicians will have to go where the money is--in citizens' purses and wallets.
US equity markets hit a vacuum to the downside briefly this morning shortly after headlines that the $6 trillion Biden budget malarkey includes the assumption that a retroactive capital gains tax hike would be included (which would have started in Ap
Thanks to the beneficence of the Internal Revenue Service--and the fallout from COVID-19--we half of Americans who pay federal income taxes have been given until May 17 to file.
The program to be implemented by the Biden administration to increase federal revenues by raising direct taxes on higher-income individuals and households, according to reports, would hit married couples the hardest, which would be a clear attack on
What would happen if Biden got the tax hikes he seeks? A big set of questions and answers follows.
Federal taxes, spending and the federal deficit all set records in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement.
Unhappy with Biden's tax proposals? So are many others. Let's discuss moving offshore. Puerto Rico Too Good to Be True?
It is relatively easy for a billionaire to say they support higher taxes. More is on the line if they are asked to do something about it.
"We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation."--Herbert Hoover
Could a racial priority for getting a Covid-19 vaccine turn out to be just the first stop on the way to race-based tax rates?