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Treasury Department Archive

Are Tax Rebates & Tax Holidays the Answer?

TweetShareSharePin0 Shares The rate of inflation has slowed markedly in recent months, even declining slightly in December—but at year’s end, prices were still 14.6 percent higher than they were two years prior. That’s the fastest inflation rate over any two calendar years since the stagflation era of the late 1970s. State policymakers are understandably interested

Colômbia: esperança de justiça para todes #45:the Tax Justice Network Portuguese podcast

TweetShareSharePin0 Shares Welcome to our monthly podcast in Portuguese, É da sua conta (‘it’s your business’) produced and hosted by Grazielle David and Daniela Stefano. All our podcasts are unique productions in five different languages – English, Spanish, Arabic, French, Portuguese. They’re all available here. Here’s the latest episode: A reforma tributária mais significativa dos últimos tempos está sendo implementada na Colômbia. Isto porque em meio a um

The Santiago Declaration on Public Services

TweetShareSharePin0 Shares From 29th November to 2nd December over a thousand representatives from over one hundred countries, from grassroots movements, advocacy, human rights and development organisations, feminist movements, trade unions, and other civil society organisations, met in Santiago, Chile, and virtually, to discuss the critical role of public services for our future. Following the ‘Our

Who Pays Federal Income Taxes?

TweetShareSharePin0 Shares New Internal Revenue Service (IRS) data on individual income taxes for tax year 2020 shows the federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates.[1] Average tax rates for all income groups remained lower in 2020, three years after the Tax Cuts and Jobs

FairTax FAQ

TweetShareSharePin0 Shares The FairTax is a proposal to replace all major sources of the federal government’s revenue—the individual income tax, corporate income tax, estate and gift taxes, and payroll tax—with a national sales tax and rebate, abolishing the IRS in the process. Source link TweetShareSharePin0 Shares

Bashing, Slashing, Taxing, and Filing

TweetShareSharePin0 Shares About the Fair Tax Act… In a speech tomorrow in Virginia, expect President Biden to slam the House Republicans’ plan to abolish the IRS, as well as all federal taxes, with a national sales tax. While the proposal would end the IRS, it would offload collections, administration, and enforcement to state tax authorities

Man Sentenced to Federal Prison For Falsifying Gambling Winnings

TweetShareSharePin0 Shares A Canadian national has been sentenced to 30 months in the U.S. federal prison system for defrauding the United States government. According to an official release from the IRS, Toronto resident, William Henry Woo, submitted duplicate refund requests to the IRS Service Center in Austin, TX. He did so as a Canadian citizen seeking automatically

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