The federal government’s overall financial condition worsened by $4.5 trillion in 2018, according to an analysis from government financial watchdog Truth In Accounting (TIA).
President Donald Trump signed a bipartisan bill last Monday to force greater accountability on the IRS in the property seizures, as well as protect taxpayers from identity theft, boost whistleblower protections, and modernize the tax agency.
In a debate filled with statements revealing the Democratic Party’s shift leftward, Vermont Sen. Bernie Sanders pledged to appoint only pro-abortion justices, raise taxes on the middle class and prohibit so-called assault weapons.
On today’s episode of The Daily Signal Podcast, we feature an interview with Julio Gonzalez, chairman of Engineered Tax Services, and Stephen Moore, a distinguished visiting fellow at The Heritage Foundation and author of “Trumponomics: Inside the America First Plan to Revive Our Economy.”
Three key findings highlight states losing $283 billion worth of tax revenue over 10 years, their budgets being hampered by Medicaid spending growth, and their unfunded pension debt reaching an all-time high.
Revenue collections were boosted in part by the 2017 federal Tax Cuts and Jobs Act (TJCA), the report notes, in addition to robust stock market returns.
Whenever Sen. Elizabeth Warren, D-Mass., is asked how she’ll fund “free” college tuition and her many other promised goodies, she has a ready answer: A 2% annual tax on accumulated wealth in excess of $50 million.
It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes.
Wealthy taxpayers are something we should want to cultivate, not strip mine or hunt into extinction. So, maybe take some time today as you’re filing your taxes to thank the rich. Imagine what your bill would be without them.
This year, “Tax Freedom Day” — the day after which Americans have worked enough days of the year to pay their taxes — occurs just one day after “Tax Day,” April 15, the deadline for filing federal tax returns.
Just in time for the April 15 tax-filing deadline, a new online report shows that Vermonters have a lot of reasons to sing the blues: They have one of the nation’s highest state tax loads to bear.