A Select Group of Affluent Households Incur Zero Tax Liability
In 2020 a select group of affluent households demonstrated keen financial maneuver: earning substantial income while incurring zero tax liability.
Recent
Tax Refunds are 13% Smaller Compared to This Time Last Year
Fewer people have filed their returns this year, the IRS reports. Also, Tax refunds remain markedly smaller than the same time a year ago.
Vulnerable Republicans From High-Tax States Strike Out Again on SALT
State and local tax deduction proved political conundrum for both parties since lawmakers demand more tax breaks come from critical swing districts.
Ultra-Wealthy Persons Agree With Bill Gates - They Should Contribute More in Taxes
Bill Gates, a renowned advocate for equitable taxation, has recently amplified his call for the ultra-wealthy to contribute more in taxes.
US Lawmakers Reach $78 Billion Deal on Tax Breaks, but Passage Uncertain
Leaders of Congress tax-writing committees announced a nearly $80B bipartisan deal to enhance tax breaks for businesses and low-income families.
US Economy Set for Another Cash Boost If Congress Backs Tax Deal
US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families.
With Trump’s Tax Cuts Expiring, Taxes Could Increase for Most Americans After Next Year. Here’s How to Plan Ahead
For past few years U.S. taxpayers have lived under a time-limited reprieve in their federal tax burden thanks to legislation passed at end of 2017.
