Articles

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Idaho Tax Collections Fall Short, but Budget Surplus Remains
Idaho revenue from tax collections was $50 million below expectations for the first three months of the current fiscal year, but the state still has a $1.5 billion budget surplus, officials said Monday. Read More.
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Judge rejects Maryland’s digital ad tax
Maryland’s first-in-the-nation tax on digital advertising has been struck down by a judge in Anne Arundel County on Monday. Judge Alison Asti ruled from the bench in favor of Comcast et al., in the case against Maryland’s Office of the Comptroller. Read More.
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Social Security's Cost of Living Increase Means Benefits May Run Out Sooner
The biggest increase to Social Security checks since 1981 was good news for retirees. But it also served as a stark reminder that the program is expensive, with cuts to the benefits looming unless it is retooled in coming years. Read More.
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Fixing another liberal tax burden
As part of last year’s reckless stimulus spending bill, congressional Democrats snuck in a last-minute paperwork nightmare for taxpayers in West Virginia and nationwide. Read More.
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New York Republicans demand Garland investigate Empire State AG Letitia James over Nikki Haley group tax leak
Six New York Republicans demanded that Attorney General Merrick Garland open an investigation into the Empire State’s own state Attorney General Letitia James after Nikki Haley's political nonprofit had its tax filings leaked to the media. Read More.
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Experts expect little change on tax structure until crisis
Wyoming’s reserve account may fill to a record $2 billion this year due to high oil prices, but relying on volatile commodities like oil, gas and coal to fund public services means state coffers are susceptible to the same volatile boom and bust cycles as the energy industry. Read More.
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Tesla wins tax breaks from China after Elon Musk’s Taiwan comments: report
Elon Musk’s electric car maker Tesla has been granted tax exemptions from China just days after the tech mogul was praised by Beijing for saying that Taiwan should become a “special administrative zone” ruled by the Chinese Communist Party. Read More.
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The Grassroots Corner October 17, 2022
The Grassroots Corner - Week Beginning 10/17/22: “Meet New Jersey State Senator Ed Durr” Read More.
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The Chairman’s Report October 14, 2022
Diogenes was a Greek philosopher who died in Corinth in 323 B.C. He made a virtue of poverty and was famous for carrying a lantern as he went through each town he was visiting “looking for an honest man.” This is what the painting above is showing. Read More.
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Tax Insurance May Serve as a Salve to Fears of IRS Enforcement
As the IRS prepares to receive a significant boost in funding and staff, tax insurance may be a solution to help high-income taxpayers and major corporations gain some certainty around their tax positions. Read More.
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Missouri Governor Signs Legislation Reducing Income Taxes
Missouri Governor Michael L. Parson has signed legislation that reduces the top rate of individual income tax with the possibility of further reductions if state revenues meet or exceed certain thresholds and exempts taxpayers’ first $1,000 of income from taxation. (L. 2022, S3 (1st Extra. Sess.), applicable to tax years beginning on or after 01/01/2023.) Read More.
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How to get out of tax debt now
Not everyone has a simple tax situation where their employer withholds more than enough money for taxes, and the person perhaps ends up getting a small refund the following tax season. Read More.
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The Grassroots Corner October 10, 2022
The Grassroots Corner - Week Beginning 10/10/22: “Meet Alexandru Bittner” Read More.
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Where does tax relief stand in Massachusetts?
The Economic Development bill remains in conference committee and lawmakers are staying tight lipped on the status of the bill. Read More.
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IRS awards $1K bonuses to ‘surge team’ employees tackling tax return backlog
The IRS is telling temporarily reassigned “surge team” employees that they will need to continue their work cutting down the agency’s pandemic-era backlog of tax returns through the end of the year. Read More.