IRS collected $38M from 175 tax delinquents
The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans…
taxes
IRS raises limits for retirement savings plans
IRS raises limits for retirement savings plans Newslooks- (AP) Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS…
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Biden planning to raise taxes again on higher income Americans
As expected, President Joe Biden is going to increase taxes on Americans he believes make too much money. He said it’s necessary to pay for all the extra spending he…
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Will California take the plunge for universal healthcare?
The California Legislature is debating adopting universal healthcare, frustrated with waiting for the federal government to move on it. Previous efforts have gotten nowhere, most recently a failed bill in…
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All migrants may get free health care in California
California Gov. Gavin Newsom is proposing a budget that will pay for healthcare for all immigrants in the country illegally. Californians already pay for the health care of young adults…
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Laws take effect across US on abortion, policing, taxes
Many new laws take effect across the nation on Saturday January 1st, everything from wages, animal rights, policing issues, cutting (not really) and raising taxes are all in the series…
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Billionaires bash Democrats’ proposed tax on them
Elon Musk and other billionaires are speaking up against a Democratic plan to add a new tax to the 800 richest Americans in the country. Musk tweeted, “Eventually they run…
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Manchin balking at billionaire tax in Biden’s bill
The Democrats’ $1.75 trillion spending package is running into hurdles again, as one of the usual two moderate Democrats in the middle, Joe Manchin, complained about the new billionaire tax…
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Report reveals how world’s elite avoid taxes
The International Consortium of Investigative Journalists issued a report entitled the “Pandora Papers” which exposes how hundreds of the wealthiest politicians, celebrities, religious leaders and drug dealers hide their wealth…
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Biden breaks pledge not to tax middle class
The Associated Press has done a fact check of Republicans pointing out that President Joe Biden’s $3.5 trillion spending bill taxes Americans who make less than $400,000 a year, something…
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Infrastructure bill ventures into regulating Bitcoin
The $1 trillion infrastructure bill will partially pay for itself by adding new tax-reporting requirements for cryptocurrency brokers. This opens the door to additional regulation by the Biden administration. The…
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