Articles

The FAIRtax is a non-partisan issue. Because of the benefits to lower income citizens and the economic growth it will bring, it is legislation that both parties—if they were really interested in their constituencies and not their own power, would endorse. Read More.

Damon Rowe, the Director of the Office of Fraud Enforcement at the Internal Revenue Service announced yesterday at a Federal Bar Association presentation on fraud enforcement priorities that the office has “added some crown jewels,” including a dedicated team of IRS Criminal Investigation professionals who are working on “Operation Hidden Treasure.” Read More.

CHARLESTON, W.Va. (WSAZ) - Lawmakers started working Tuesday morning on West Virginia Gov. Jim Justice’s proposal to eliminate the state personal income tax. Read More.

The IRS is increasingly relying on correspondence audits to audit small businesses. Read More.

Given the number of days the Internal Revenue Service has been open for processing 2020 tax returns, the number of returns taxpayers have filed is up 14% compared to last year. That’s the rosy way to look at the numbers. Read More.

The total budget for Baltimore’s public school system is $1.2 billion Read More.

The general political context is one of extraordinary government expenditures in the wake of COVID-19, which suggests higher taxes, particularly upon the wealthy. In 2021, taxpayers generally need to be more concerned with transfer tax issues. Read More.

FRANKFURT (Reuters) - The United Arab Emirates, a magnet for the globe’s ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted $200 billion-plus flowing into the country. Read More.

🇺🇸 The Grassroots Corner - Week Beginning 4/05/21: “Hostile Argument: Is the FAIRtax Rate Enough?” Read More.

🇺🇸 The Grassroots Corner - Week Beginning 3/22/21: “Hostile Argument: The FAIRtax Rate” Read More.

The FairTax Act of 2021, HR 25 was filed in the 117th Congress by Representative Earl L. “Buddy” Carter (GA-1) and referred to the House Ways & Means Committee. Read More.

Taxing the rich is an idea that’s back. An “ultra-millionaire tax” introduced by Elizabeth Warren and other left-wing Democrats this week would raise more than $3 trillion over 10 years, they say, while making the tax system as a whole more fair. Read More.

The annual tax would be a 2 per cent levy on a wealth of more than $50 million and 3 per cent on over $1 billion, affecting the wealthiest 100,000 American families. Read More.

A House committee is weighing a bill backed by Gov. Asa Hutchinson that would phase out the state’s soft drink tax by 2025 and make up the loss of it as a source for the state’s Medicaid trust fund by using general revenue. Read More.

🇺🇸 The Grassroots Corner - Week Beginning 3/08/21: “Meet our Economist, Dr. Karen Walby” Read More.