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federal taxes Archive

Wealth Taxes in Europe, 2022

TweetShareSharePin0 Shares Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth tax is similar to a real property tax. But instead of only taxing real estate, it covers all wealth an individual owns. As today’s map shows, only three European OECD countries levy a net wealth

EU VAT Reform: Benefits of Principled Tax Policy

TweetShareSharePin0 Shares “New own resources should fulfil the criteria of simplicity, transparency, predictability, and fairness.” One would think that the above recommendation came from a Tax Foundation report on principled EU own resources policy. While we would like to claim credit, the recommendation, rather, comes from the EU’s own 2016 Monti report and more recently,

The U.S. Economy Helps Sink The Middle Class

TweetShareSharePin0 SharesThe U.S. Economy Helps Sink The Middle Class The glowing economic reports are blowing away the middle class. Amid rough retail reports you can still find some gems. Tiffany the luxury jeweler profit rose as sales went up 20% to $ 662.6 million. Other lower end retailer’s sales fell across the board. The struggling

The U.S. Economy Helps Sink The Middle Class

TweetShareSharePin0 SharesThe U.S. Economy Helps Sink The Middle Class The glowing economic reports are blowing away the middle class. Amid rough retail reports you can still find some gems. Tiffany the luxury jeweler profit rose as sales went up 20% to $ 662.6 million. Other lower end retailer’s sales fell across the board. The struggling

Why Another Brutal Filing Season for The IRS May Not Help It Get More Funding

TweetShareSharePin0 Shares The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting workers around—and thus creating new tax administration gaps. Thanks to months-long delays in processing millions of 2020 tax returns, the agency’s most visible vulnerabilities have shifted from enforcement

Happy Tax Day | Tax Policy Center

TweetShareSharePin0 Shares The Bidens released their 2021 tax returns. The President and Vice President released their 2021 tax returns last week. President Biden and Jill Biden earned $610,702 in 2021 and paid an effective federal income tax rate of 24.6 percent. Vice President Kamala Harris and husband Doug Emhoff paid an effective rate of 31.6

The Hurricane Katrina survivors will be victims again… GUARANTEED!

TweetShareSharePin0 SharesThe Hurricane Katrina survivors will be victims again… GUARANTEED! This time it will be our own governments mostly that will do the victimizing but some businesses will get it on it as well. Its simply one of the biggest revenue generating processes utilized by various levels of governments that very little is known of

The Hurricane Katrina survivors will be victims again… GUARANTEED!

TweetShareSharePin0 SharesThe Hurricane Katrina survivors will be victims again… GUARANTEED! This time it will be our own governments mostly that will do the victimizing but some businesses will get it on it as well. Its simply one of the biggest revenue generating processes utilized by various levels of governments that very little is known of

Estate Planning and Insurance Concerns When You Divorce

TweetShareSharePin0 SharesEstate Planning and Insurance Concerns When You Divorce If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual estate. It is important that you meet with a qualified attorney to
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