Treasury Department Archive

Are Tax Rebates & Tax Holidays the Answer?
January 26, 2023
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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
January 26, 2023
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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
January 26, 2023
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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

A New No, A New Loophole, And An Old Trigger
January 26, 2023
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TweetShareSharePin0 Shares A flat no on a Fair Tax? Source link TweetShareSharePin0 Shares

Who Pays Federal Income Taxes?
January 26, 2023
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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

Govt. Accuses Chris Brown of Owning $4 Million In Back Taxes
January 26, 2023
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TweetShareSharePin0 Shares The United States government has accused singer Chris Brown of owing over $4 million in back taxes to the IRS. According to publicly available documents, multiple tax liens were filed against the Run It rapper in December for taxes owed to both the federal government and the State of California in 2022. For

Man Sentenced to 235 Months In Federal Prison After IRS Investigation
January 26, 2023
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TweetShareSharePin0 Shares A Missouri man has been sentenced to 235 months in federal prison for his involvement in a drug ring following an investigation by the IRS and other government agencies. The ring specialized in trafficking methamphetamine. Credit: Byllwill/Getty Images Terrence Thompson, of East St. Louis, pled guilty to one count of Attempt and Conspiracy and

FairTax FAQ
January 25, 2023
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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
January 25, 2023
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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
January 25, 2023
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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