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The Latest News about Income taxes

As Taxpayers Start Feeling Impact of New Tax Law, Here’s Who Could Win Big

A list of taxpayers who stand to benefit the most from the Tax Cuts & Jobs Act as they begin to prepare for tax season was released Tuesday. Among the taxpayers who are set to win big this tax season are itemizers with low state and local taxes, self-employed taxpayers who will benefit from the new 20% deduction, and parents ...

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Treasury releases 2018 tax forms and they are much simpler [pics]

The U.S. Department of the Treasury released on Friday images and descriptions of the new 1040 tax return form saying that families will be able to file their 2018 income taxes on a “postcard-sized return.” The new, less-complex form will be usable by an increasing number of Americans who no longer need to itemize thanks to the tax reform signed ...

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Where Does the Federal Government Get All That Money?

Did you know that the U.S. federal government collects more than $3 trillion in taxes each year? Where does all that money come from? Find out in this short video. Transcript Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me, the individual income taxpayers. These are ...

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American Capitalism & The Illusion of Laissez Faire

To draw from an opening phrase, in the beginning, there was capitalism. More accurately, at the beginning of our Constitutional Republic, government was committed to limiting – drastically – it’s footprint in the new American marketplace. Americans were free from the tyranny of government interference leveled at the former colonists at the hand of King George III. Our Founders and ...

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The Tax Man Cometh in 2013

Every single American will feel some serious financial pain in 2013, [right after the Presidential elections] due to major, stealthily-enacted, and semi-hidden tax increases, along with numerous EPA-mandated regulations that will result in skyrocketing energy prices across the country.  All of this will happen because Congress is currently paralyzed against acting responsibly due to it being an election year, where the DC power brokers, lobbyists and campaign spin-masters will threaten ...

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What or Whom is Behind the Bashing of the 9-9-9 Plan

During the Nevada GOP Presidential debate, we saw Herman Cain’s 9-9-9 plan attacked by everyone else on stage.  What might surprise some folks is how supposedly Republican Presidential candidates were apparently using leftist propaganda [posing as non-partisan] from Progressive think tanks as the basis for denouncing Cain’s 9-9-9 plan. A mere two hours before the debate, reports started coming out denouncing ...

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