Are higher taxes coming to go along with inflation? It sure looks that way. And while some of the spin is being directed at the Billionaire’s tax—that actually kicks in at a tenth of a billion dollars—there are plenty of other tax hikes proposed for more modest earners too. Here’s what is in store for you if the Biden administration’s raft of ambitious tax hikes becomes law the way the Biden administration hopes they will. Read More.
"The Economy- Inflation and the FAIRtax" - As of the end of March 2022, the US Bureau of Labor Statistics notes the Consumer Price Index rose 8.5 percent over the past 12 months, the highest rate since December 1981.
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Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve's looming interest rate hikes. Read More.
"A Theoretical Note On Tax Evasion: The Case Of The American FAIRtax Plan" - This is the title of an article published in Scientific Research Publishing. The authors are Dr. James Barth, Dr. Yinan Ni and Dr. Richard Cebula.
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Internal Revenue Service Commissioner Charles Rettig told Congress today the backlog of tens of millions of tax returns from last year will be processed by December.
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Mississippi’s political leaders have talked for years about cutting the 7% tax on groceries, the highest statewide tax of its kind in the nation in its poorest state.
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