The House is set to consider final passage of the Inflation Reduction Act (IRA) later this week, following months of negotiations over President Biden’s Build Back Better agenda. To help fund the…
Monthly Archives: August 2022
Social Security Just Emailed Us About Their Website Upgrade? Here’s What They Didn’t Say
Social Security just upgraded its website in several very valuable ways. But the site still suggests you can accurately calculate your benefits using Social Security’s calculators. Not true.
Congress Vs. Inflation: The Legislative Tax Showdown
Tax Notes reporter Benjamin Guggenheim discusses the latest tax legislation on Capitol Hill: the recently passed CHIPS and Science Act and the revived reconciliation bill known as the Inflation Reduction Act.
Alex Jones Gets $49.3M Tax Write Off, Plaintiffs Have To Pay IRS Tax On Verdict
A Texas jury rendered a verdict in Alex Jones’ defamation trial, ordering Jones to pay $45.2 million in punitive damages on top of $4.1 million in compensatory damages to Neil Heslin and Scarlett Lewis, the parents of a 6-year-old boy killed in the Sandy Hook school shooting.
Inflation Reduction Act Will Restore IRS Staffing To 1995 Level By 2026
Nobody seems to question that the “service” piece of IRS has plummeted. And most people would like to see that fixed. It does not bother many people that audit coverage is way down, but in the long run, which we may already be at, it has a demoralizing effect on compliance.
Georgia’s “Unborn Child” Deduction is Complicated and Ineffective
On Monday, the Georgia Department of Revenue (DOR) released guidance for unborn children newly eligible for the state’s existing dependent deduction. Making unborn children eligible…
Improving the IRS National Research Program
Alas, it takes a potential scandal to bring attention to a government program in need of reform. In this case, it’s the intense individual income…
Shifting Goal Posts In Digital Taxation
Nana Ama Sarfo reviews recent developments in the ongoing discourse over digital services taxes.
This Is Not Your Grandfather’s (aka Wall Street’s) Investment Advice
Investing these days is really tough. Fortunately, economics-based financial planning offers clear ways to invest at risk while limiting or, indeed, eliminating your living standard downside.
This Is Not Your Grandfather’s (aka Wall Street’s) Investment Advice
Investing these days is really tough. Fortunately, economics-based financial planning offers clear ways to invest at risk while limiting or, indeed, eliminating your living standard downside.