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.
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 - 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.
President Biden signed the government funding bill on Thursday, hours after congressional lawmakers rushed to pass the measure before the shutdown deadline. Read More.
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.
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.
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.
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.
Politicians really don’t like to talk about taxes because it, if anything does, quickly gets the attention of the citizenry. Just about everyone pays taxes, in one form or another, and they are prolific. Read More.
Demand for travel from the U.K. to the U.S. has surged after the White House announced Monday that international tourists who are fully vaccinated against coronavirus will be permitted to enter the U.S. for the first time in more than a year starting in November, two of Britain’s largest airlines told Forbes. Read More.
Throughout history, Rulers have been able to collect taxes from the Ruled only for as long as the Ruled agreed with the services being provided and that the taxes were being assessed and collected fairly. Read More.