Articles

Maryland’s First-In-Nation Digital Ad Tax Could Catch On — If It’s Legal

Google GOOG +1.4%, Facebook and Microsoft could start paying hefty advertising fees in Maryland — and possibly elsewhere — if the state’s new digital ad tax holds up in court. Read More.

Maryland’s First-In-Nation Digital Ad Tax Could Catch On — IfIt’s Legal

Google GOOG +1.4%, Facebook and Microsoft could start paying hefty advertising fees in Maryland — and possibly elsewhere — if the state’s new digital ad tax holds up in court. Read More.

IRS Adds New Guidance But Form 1040 Cryptocurrency Question Is Still Causing Confusion

The IRS really wants to know about your cryptocurrency. Read More.

The Chairman’s Report March 5, 2021

Another unnecessary “war” caused by the federal income tax is starting to heat up in the United States. Read More.

Wealthy Clients Might Give More After Biden Tax Changes

President Biden’s tax proposals might affect long-term charitable giving for the wealthy, possibly leading to an increase in giving. Read More.

GOP may hold keys to Democrats’ long-sought minimum wage hike

Dems have batted away a GOP proposal to raise the wage to $10 an hour and enact stricter immigration vetting requirements for employers. Read More.

A tax switch on IRAs and 401(k)s could hurt high earners

A projected switch in calculating retirement plan benefits from a deduction to a credit could have significant implications for high-net-worth taxpayers, if enacted as initially proposed. Read More.

U.S. drops key obstacle to global digital tax: Treasury

The Trump administration had insisted on a so-called safe harbour clause in the OECD tax that effectively would have allowed big tech companies to comply voluntarily, blocking progress on a deal. Read More.

Don’t be fooled. WA Dems are using the backdoor to slip us an income tax | Editorial

State Democrats once again are trying to slip an income tax plan through the backdoor and this time they think they have the votes to do it. Read More.

Wyoming’s 9-Cent Fuel Tax Hikes to Raise $60.3M/Yr for Roads Finding Broad Industry Backing

CASPER, Wyo. — A proposal to increase Wyoming’s gasoline and diesel fuel taxes has support from a range of different industries who describe the highway system in terms like “Wyoming’s life blood.” Read More.

Wyoming’s 9-Cent Fuel Tax Hikes to Raise $60.3M/Yr for RoadsFinding Broad Industry Backing

Capital-gains tax: What about sales tax?

I’m all for the new capital-gains tax proposed by state Sen. June Robinson, D-Everett, designed to remove most of the state’s reliance on sales-tax revenue. Read More.

The Grassroots Corner March 1, 2021

🇺🇸 The Grassroots Corner - Week Beginning 3/01/21: “FAIRtax Boot Camp: Attack Ads” Read More.

Companies investing in crypto may be in for a rude accounting surprise

Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet. Read More.

Biden on Day 1 scrapped Trump rule that helped US save $160 billion: report

Trump’s actions saved the country $155 billion to $165 billion between 2017 and 2021, the American Action Forum estimates Read More.