Biden’s Inflation Reduction Act passed in 2022, granted the agency $80 billion to use over the following decade. The agency has used the funding to recover unpaid taxes from ultrawealthy individuals and corporations, but the money might not last for long. Massive Haul On Jan 12, the IRS announced that it had recovered over $482…
As the world of technology places numerous opportunities at the fingertips of everyday people, things that were once unreachable have become available. With this transition has come an influx of individuals who have begun investing their money, allowing them to rest easier about the future and unforeseen expenses. Though investing has become widely utilized as…
A significant shift has been noticed with celebrities like Joe Rogan leaving California, but Stephen Moore, an economist, suggests this is part of a larger trend. Blue States Exodus Speaking to Fox Business, Moore said that over the last decade, around five million people have relocated from ‘blue states’ such as Illinois, New York, California,…
On Jan 12, Forbes published a video of its editor-in-chief, Steve Forbes, arguing against a hypothetical new wealth tax. Hyperbolic threats In the video, Forbes called California the “North Korea of Taxation.” He argued that the proposed wealth tax would cause widespread litigation, the depreciation of assets, and the widespread flight of wealthy Californians. The…
Could Trump’s second term end democracy? No one knows for sure, but based on some of his statements, whispers, and various groups, like Project 25, it is likely that the former president’s second term would be so radical that it would make the first one appear tame. Targeting the DOJ and the FBI CBS News…
John Driscoll, an executive vice president of Walgreens Boots Alliance, has called on lawmakers worldwide to increase taxes for millionaires like himself. He warns that the American dream is facing the threat of extinction. ‘Proud to Pay More’ Driscoll is part of a group of over 250 wealthy individuals backing the “Proud to Pay More”…
The Virginia state Senate has approved legislation that would revoke tax breaks granted to some Confederate organizations, including the United Daughters of the Confederacy (UDC). Main reason “It’s about who we are giving special privileges to,” Democratic Delegate Alex Askew explained, “and what they stood for.” Askew is the patron of the bill. Spreading misinformation…
On Feb 1, a proposal to cut property taxes and possibly raise sales taxes passed Florida’s House Ways and Means Committee. While some property owners were happy about potentially paying no property tax, many worried that measures to make up the subsequent budget shortfall would be unfair. The proposal in question According to the bill,…
On Saturday, Forbes published a video of its editor-in-chief, Steve Forbes, arguing against the hypothetical new tax. Hyperbolic threats In the video, Forbes called California the “North Korea of Taxation.” He argued that the proposed wealth tax would cause widespread litigation, the depreciation of assets, and the widespread flight of wealthy Californians. The tax in…
John Driscoll, an executive vice president of Walgreens Boots Alliance, has called on lawmakers worldwide to increase taxes for millionaires like himself. He warns that the American dream is facing the threat of extinction. ‘Proud to Pay More’ Driscoll is part of a group of over 250 wealthy individuals backing the “Proud to Pay More”…