Current News

The Grassroots Corner - Week Beginning 10/24/22: “Congratulations Alabama Pledge Signers” Read More.

State prosecutors on Wednesday charged six property developers and their companies with taking advantage of a lucrative tax break intended to spur housing construction, as part of the Manhattan district attorney’s new focus on fighting misconduct in the real estate industry. Read More.

Retirees who rely on Social Security benefits for income will get some relief from record high inflation when an 8.7% cost-of-living adjustment kicks in next year. Read More.

When politicians are asked why they ignore the fact that an income tax punishes production and hard work, they never answer the question. When they are asked if people will work harder if they get to keep more of what they earn, they ignore that question too. Read More.

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.

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.

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.

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.

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.

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.

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.

The Grassroots Corner - Week Beginning 10/17/22: “Meet New Jersey State Senator Ed Durr” Read More.

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.

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.

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.