What is income? It sounds like a simple question, but when the Internal Revenue Code enters the picture, it gets really complicated really fast. Read More.
Imagine ordering a dish in a restaurant that’s supposed to come with two sides. But, when your server brings your order, there’s only one. You’d notice that immediately and insist that she bring your second side.
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Iowa Senator Joni Ernst has uncovered a dirty little secret—there are thousands of people who work for the IRS who collectively owe millions of dollars in unpaid taxes. Read More.
Kamala Harris has picked up on Donald Trump’s idea of exempting tips from the income tax. Clearly, both candidates are trying to woo votes from workers in the service industries who rely.... Read More.
The FAIRtax would represent a seismic shift in the paradigm of how taxes are collected in this country. Consequently, there are bound to be questions and criticisms regarding how the FAIRtax would... Read More.
Over the years, the IRS has been described in a number of different ways. Kind, understanding and co-operative are not on the list. Instead, you’ll hear words like unreasonable, vicious, malicious, high-handed and vindictive. Read More.
Social Security and Medicare are two incredibly popular Federal programs that millions of seniors have grown to depend on in their retirement years. Read More.
The income tax is ridiculously easy to evade. The latest estimates say that illegal tax evasion costs the government around $1 trillion a year.
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The FAIRtax is unlike any other sales tax on the planet in that it does not tax every dollar someone spends. How can that be when the tax is included in the retail price of all new goods and services? Enter the FAIRtax prebate.
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Prior to 2017, income had to realized before it was taxable. However, the Tax Cuts and Jobs Act contained a repatriation provision that made certain unrealized income taxable. The constitutionality of that tax was challenged in court and just recently, the Supreme Court handed down its decision.
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