Articles
Massachusetts and 12 other states could tax federal student loan forgiveness, report says
Some people getting federal student loan relief in Massachusetts might have to pay state taxes on it, according to a recent report. Read More.
Texas Will Provide Homeowners Tax Relief, But It’ll Cost Them
On May 7, 2022, Texans voted overwhelmingly in favor of Propositions 1 and 2 to lower their property taxes. These plans will put more of the public school cost burden on the government by increasing the amount homeowners can deduct from the appraised value of their houses, known as the homestead exemption. Read More.
IRS to refund 1.6 million people who missed tax filing deadlines during the pandemic
The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic. Read More.
Editorial: Sales tax holiday is pointless pandering
Gov. Gretchen Whitmer is proposing a back-to-school supply tax “holiday” that wouldn’t actually give money back to residents anytime soon, despite the promises she claims. Read More.
Top IRS Scandal Conspirator And Lois Lerner Henchwoman To Head Up The IRS’ New Centralized Office
The Internal Revenue Service (IRS) will have nearly 87,000 new IRS agents due to Joe Biden’s newly signed Inflation Reduction Act, and the IRS will be creating a new centralized office and five subsidiary offices to manage their increasing wealth and power. Read More.
The Grassroots Corner August 29, 2022
The Grassroots Corner - Week Beginning 8/29/22: “Senate candidate Vikram Mansharamani goes to bat for ex-pats” Read More.
Dazed and confused: EV buyers struggle to navigate new tax credits
David Di Pinza of Wildomar, California, would like to replace his aging 2013 Ford C-Max hybrid with an electric vehicle. Read More.
Wisconsin governor calls for tax cut as rival tours Kenosha
Wisconsin Gov. Tony Evers proposed a $600 million annual tax cut on Tuesday — an election year proposal that Republican legislative leaders rejected as a “vote-buying ploy. Read More.
The Chairman’s Report August 26th, 2022
Deep down something in our humanity strives for steadiness, stability, continuity and catharsis. Unfortunately, we humans get ourselves into messes so easily and we often end up with disorder, confusion, bedlam, and disarray. Read More.
Missouri Governor Calls for Special Session to Cut Income Taxes and Extend Agriculture Tax Credits
Missouri Governor Michael L. Parson has officially called for a special session to cut income taxes and extend agriculture tax credit programs. Read More.
Republicans attack $80bn funding boost for US tax collection agency
As Congress prepared to vote on President Joe Biden’s $700bn climate, tax and healthcare bill this month, the head of the US tax collection agency sent a letter to lawmakers pleading for its passage.
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The IRS could be on the verge of changing the way Americans file their taxes
The IRS could be on the cusp of revolutionizing the way that Americans file their taxes. Read More.
Meet the Nebraska Lawmaker Gunning To Make His State Income Tax One of the Most Punishing
A Nebraska Democrat running to unseat a Republican in a purple district is gunning to raise income taxes on anybody making more than $100,000, backing a plan that would make Nebraska's income tax rate one of the highest in the country. Read More.
There’s a new 1% tax on stock buybacks — here’s what it means for your portfolio
The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden’s sweeping tax, health and climate package — adds a new levy to the controversial practice. Read More.
Want a Better IRS? Simplify the Tax Code: Clive Crook
One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. Read More.
