Current News
IRS Adds New Guidance But Form 1040 Cryptocurrency Question Is
Still Causing Confusion
The IRS really wants to know about your cryptocurrency. Read More.
The Chairman’s Report March 5, 2021
Another unnecessary “war” caused by the federal income tax is
starting to heat up in the United States. Read More.
Wealthy Clients Might Give More After Biden Tax Changes
President Biden’s tax proposals might affect long-term charitable
giving for the wealthy, possibly leading to an increase in
giving. Read More.
GOP may hold keys to Democrats’ long-sought minimum wage hike
Dems have batted away a GOP proposal to raise the wage to $10 an
hour and enact stricter immigration vetting requirements for
employers. Read More.
A tax switch on IRAs and 401(k)s could hurt high earners
A projected switch in calculating retirement plan benefits from a
deduction to a credit could have significant implications for
high-net-worth taxpayers, if enacted as initially proposed. Read More.
U.S. drops key obstacle to global digital tax: Treasury
The Trump administration had insisted on a so-called safe harbour
clause in the OECD tax that effectively would have allowed big
tech companies to comply voluntarily, blocking progress on a
deal. Read More.
Don’t be fooled. WA Dems are using the backdoor to slip us an
income tax | Editorial
State Democrats once again are trying to slip an income tax plan
through the backdoor and this time they think they have the votes
to do it. Read More.
Wyoming’s 9-Cent Fuel Tax Hikes to Raise $60.3M/Yr for RoadsFinding Broad Industry Backing
CASPER, Wyo. — A proposal to increase Wyoming’s gasoline and
diesel fuel taxes has support from a range of different
industries who describe the highway system in terms like
“Wyoming’s life blood.” Read More.
Wyoming’s 9-Cent Fuel Tax Hikes to Raise $60.3M/Yr for Roads
Finding Broad Industry Backing
CASPER, Wyo. — A proposal to increase Wyoming’s gasoline and
diesel fuel taxes has support from a range of different
industries who describe the highway system in terms like
“Wyoming’s life blood.” Read More.
Capital-gains tax: What about sales tax?
I’m all for the new capital-gains tax proposed by state Sen. June
Robinson, D-Everett, designed to remove most of the state’s
reliance on sales-tax revenue. Read More.
The Grassroots Corner March 1, 2021
🇺🇸 The Grassroots Corner - Week Beginning 3/01/21: “FAIRtax Boot
Camp: Attack Ads” Read More.
Companies investing in crypto may be in for a rude accounting
surprise
Corporations are starting to buy digital assets like Bitcoin to
bolster their treasuries, but the volatility in prices could put
a dent in their balance sheet. Read More.
Biden on Day 1 scrapped Trump rule that helped US save $160
billion: report
Trump’s actions saved the country $155 billion to $165 billion
between 2017 and 2021, the American Action Forum estimates Read More.
Progressives urge White House to overrule top Senate official and
include $15 minimum wage in COVID-19 relief bill
Progressives began to almost immediately pressure the Biden
administration to overturn the decision Read More.
Stimulus Checks And Filing Your 2020 Tax Return-Hurry Up Or Wait?
The American Rescue Plan Act of 2021, “the Biden stimulus
package” is not law, as I write this. It seems very likely to
pass though and some people may want to take action in
anticipation of it. That Read More.
