Taxes buy important, necessary, and desirable services. Most particularly, taxes provide value to the individuals in society who have property. Taxes are needed to support regulation, arguably the most essential role of government. Failure to regulate the activities of society invites unfairness, ...
While the wealthy are given many tax breaks, one of the most significant is that they do not have to pay a sales tax when buying stocks. When regular wage-earners go out and purchase something- whether a can of beer or a new car- they are taxed on their purchases, but because the...
A tax levied on a person's or company's netassets, as opposed toincome. For example, if a person has anet worthof $1 million, the government may assess a wealth tax on this amount over and above the tax on that person's income. Proponents believe this tax promotes equality while crit...
Rich Wealthy Most Americans favor raising taxes on higher-earners and big businesses Sunday, March 30, 2025 Most Americans believe that the wealthy, who have disposable income for things like pet accoutrements, should pay taxes at a higher rate. ( Photo by Pet foto) There’s word out of...
Learn the tax reducing secrets of the wealthy. Includes special tax breaks for you and your family.
"We're going to raise taxes on the rich, but no one making under $400,000 will see a penny of tax increase." Who's saying this?President Biden often makes this promise and has repeated itin recent speeches. Raising taxes on the wealthy is popular with Democratic and even some Republica...
12 to its Strategic Operating Plan, the IRS detailed accomplishments that have, among other things, allowed the IRS to recovered $4.7 billion in taxpayer dollars. More than $1.3 billion of that total comes from wealthy, high-income individuals who have not filed taxes or paid... Read more ...
Robert was a junior officer on board Standard Oil tankers sailing up and down the California coast. It was then that he became interested in oil. In the 1970s, he worked for an independent investment banker packaging and selling oil and gas tax shelters to wealthy clients. Today, both Rober...
While it was designed to catch wealthy tax avoiders, the AMT may snare many others too. 5 min readApr 09, 2025 Earned income tax credit (EITC): What it is, income limits and more This popular tax break can be worth up to $8,046 for some families in 2025, but it can be tricky ...
“Just one move — the plan to shrink the Internal Revenue... Read more → Posted on Sunday, March 16, 2025 at 11:50 PM in Audit, Filing, IRS, Politics, Rich Wealthy, Tax evasion, Tax numbers, Taxes | Permalink | Comments (0) Tags: Department of Government Efficiency, DOGE, IRS...