The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time.
Category Archives: Taxes
What The IRS Can Learn From The Florida Bar Tax Section: Comments To Clawback Proposed Regulations
On July 26, 2022, the Tax Section of the Florida Bar (the “Tax Section”) submitted “Comments on Proposed Treasury Regulations Relating to the Basic Exclusion Amount Applicable to the Computation of Federal Estate and Gift Taxes.”
IRS To Add 87,000 New Agents, More Crypto Tax Enforcement
The Inflation Reduction Act sends more than $45 billion to the IRS for “enforcement.” The law says they’ll be specifically pursuing “digital asset monitoring and compliance activities,” apart from more general tax enforcement. The crypto tax hunt is on.
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.
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.