Current News

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UN chief: 'Tax fossil fuel profits for climate damage'
Antonio Guterres told the General Assembly that polluters should pay for the impact of climate-related events. This question of who funds these losses has long dogged international negotiations. Read More.
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What Is a Property Tax Assessment?
Many homeowners have witnessed considerable increases in property value over the past few years. According to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, home prices increased by 18.9% in 2021. Read More.
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The Grassroots Corner September 19, 2022
The Grassroots Corner - Week Beginning 9/19/22: “FAIRtax pledge signer Waters to face Cicilline in November” Read More.
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Moncks Corner property owners to see 15 percent tax increase
For the first time in seven years, homeowners and landowners in Moncks Corner will see a 15 percent property tax increase starting on October 1. At the Moncks Corner Town Council meeting Thursday evening, the vote for a new budget was passed unanimously with only one member of the public providing input. Read More.
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Denver passed a sales tax for climate. Is it working?
Starting at 6 a.m., five days a week, Deloris Jones picks people up and takes them wherever they need to go — for free. And sometimes she does it in an electric vehicle. Read More.
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The Socialist Billionaire Who’s Getting a Sweet Tax Deal
On the menu today: Earlier this week, billionaire Patagonia founder Yvon Chouinard — a self-described socialist who contends that every billionaire represents a policy failure — announced that “Earth is now our only shareholder” and that he was transferring control of his company to a newly founded environmentalist organization. Read More.
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3 Stress-Free Ways Business Leaders Can Beat Tax Anxiety
Do you get tax anxiety? (Is the Pope Catholic?) You’re not alone. So many people suffer from immense worry or dread when it comes to their taxes and the IRS that Psychology Today created a word describing the phenomenon: forosophobia. Read More.
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Patagonia Billionaire Who Gave Up Company Skirts $700 Million Tax Hit
Patagonia founder Yvon Chouinard described his decision to give away the outdoor apparel-maker as his last-ditch effort to do all he could to protect the planet. Read More.
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IG announces audit of IRS employees to find tax cheats within workforce
A federal inspector general has announced an audit of IRS employees to suss out how many of them are cheating on their own taxes. Read More.
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Larry Kudlow: The highest inflation in 40 years is deeply embedded in the economy and spreading
Today's CPI inflation report shocked Wall Street and the nation with a significantly higher than expected print. Pollyannas everywhere are painfully learning that there's no magic cure. There's no easy way out. Read More.
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The Chairman’s Report September 16th, 2022
We have often wondered why people who appear to be reasonably intelligent when you meet them can do some insanely crazy things and still insist that they are acting in a logical and sane manner. Some of the recent actions taken by our “Leaders” have provided some insight into understanding what is really happening. Read More.
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California governor opposes tax on rich in statewide TV ad
California Gov. Gavin Newsom wants voters to reject a new tax on rich people that would pay for more electric vehicles in the nation’s most populous state, warning in a new statewide TV ad that a measure on the ballot this November won’t help the environment but is instead “one company’s cynical scheme to grab a huge taxpayer subsidy.” Read More.
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Could Louisiana eliminate income tax?
Louisiana’s House Ways and Means Committee will soon be studying the state’s tax structure with the possibility of eliminating the state’s income tax. Read More.
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Oklahoma Adopts and Amends Regulations Affecting Various Tax Types
The Oklahoma Tax Commission (OTC) published various new and amended regulations, effective September 11, 2022, that implement tax legislation enacted in 2021. The regulations impact income tax, credits and incentives, sales and use tax, property tax, excise taxes, and administrative provisions. Read More.
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Senate Republicans look to protect Americans earning less than $400k from IRS audits
Senate Republicans introduced legislation this week that would prevent the IRS from using the $80 billion in new spending authority it received this year to audit taxpayers who earn less than $400,000 annually. Read More.

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