Articles
Biden proposal to monitor bank accounts with at least $600 is a terrible idea
The Biden administration is looking for ways to close an estimated $160 billion tax gap — the amount of money that is owed by various taxpayers but that has not been collected. It is an admirable goal and highlights a definite problem that needs to be addressed in a responsible way. Read More.
Biden tells EC commission chief the international tax system must be fair
U.S. President Joe Biden, in a call with European Commission President Ursula von der Leyen on Monday, emphasized the importance of "leveling the playing field in the international tax system," the White House said in a statement. Read More.
Biden's social spending spree may unleash bigger inflation wave: JEC Republicans
Sen. Mike Lee said inflation is 'gnawing away at Americans’ wages, savings, and aspirations' Read More.
IRS launches ‘Tax Pro Account’ feature
The IRS has unveiled its online "Tax Pro Account" portal (available at www.irs.gov) to allow tax professionals to interact digitally with the Service in a range of ways. Read More.
Stronger estate tax would hit more inheritances under Democrats' plan
A historic low number of estates paid taxes in 2020, underscoring how much that tax has weakened in the last two decades. But Democrats are looking to change that as part of their tax hikes targeting the wealthy. Read More.
White House announces new trade regulations on China
The U.S. plans to use 'all available tools' to enforce the Phase One Trade agreement Read More.
Do the well-off really not pay their fair share of taxes?
Donning an expensive “Tax the Rich” gown at the $35,000 per-ticket Met Gala, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) publicity-seeking, hypocritical stunt serves as a metaphor for the disdain many populists on the left and right seem to hold towards the well-off. Read More.
The Grassroots Corner October 4, 2021
🇺🇸 The Grassroots Corner - Week Beginning 10/04/21: “Hostile Argument: With The FairTax, There Will Be A Huge Evasion Problem Because The Rate Is So High” Read More.
Averting government shutdown, Biden signs bill hours before deadline
President Biden signed the government funding bill on Thursday, hours after congressional lawmakers rushed to pass the measure before the shutdown deadline. Read More.
The Chairman’s Report October 1, 2021
Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation. Jade explains why the FAIRtax will enable Americans to accomplish even more. Read More.
These are the best-paying US cities for nurses in 2021: report
These metro areas offer the best pay for nurses, according to a new report from SmartAsset Read More.
Reeves: It’s wrong that Amazon pay less tax than high street businesses
Labour’s shadow chancellor has taken aim at Jeff Bezos and Amazon for paying less in tax than high street businesses. Read More.
Crypto plunge a wake-up call — and tax opportunity — for investors
The price of popular cryptocurrencies like bitcoin and ethereum plunged Friday after Chinese officials intensified a crackdown, essentially declaring crypto to be illegal. Read More.
Biden Backs Tax On Billionaires’ Unrealized Investment Gains
President Joe Biden said he supports a proposal to tax billionaires for the appreciation in their investments on an annual basis, a change that would prohibit some of the richest Americans from deferring their tax bills. Read More.
Income, Estate, Capital Gains Tax Hikes & Retirement Account Crackdown: House Finally Details How It Will Fund $3.5 Trillion Social Policy Plan
The House Ways & Means Committee has released draft legislation of individual tax hikes they propose to pay for the $3.5 trillion social policy budget plan under consideration. It includes major revisions to the estate tax, capital gains taxes and the way retirement accounts are taxed. Read More.
