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Biden Proposes New Tax Penalty

Democratic presidential nominee Joe Biden is proposing a new tax penalty on companies that offshore jobs. Biden has also revealed his support for additional tax code changes, including a reward for investments in U.S. manufacturing.…

What Stimulus Checks Mean for 2021’s Taxes

A second stimulus is on its way, with benefits that look similar to the first round of Covid relief passed by Congress in March. Here's what the financial gurus at CNBC predict they'll mean for…

Tax Hikes Coming Soon to City Near You?

Local municipalities across the country are considering significant tax hikes to plug coronavirus-induced budget shortfalls. Some officials are already calling the increases inevitable. (foxnews.com) Property tax rates in Nashville, Tenn., will be increasing by 34 percent…

Coronavirus Stimulus Includes Meaningful Tax Relief

The $2 trillion coronavirus relief package, dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), contains meaningful tax relief.  MarketWatch explains how one provision specifically helps IRA owners in this uncertain time. (MarketWatch)…

How Tax Seasons Biggest Problems May Affect You

Watch the latest video at foxnews.com Tax season is upon us yet again, and, unfortunately, when it comes to customer experiences, the IRS is among the "lowest performing federal agencies." But that's not all. A…

Congress Made It Easier to Avoid the Taxman

Surprisingly, Congress has made it easier to avoid the IRS. The Legislative Branch has done so by slashing the department's budget relative to the cost of inflation. In total, IRS appropriations have decreased by 20%…

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Wall Street Democrats Warn Progressives

Wall Street's big-money Democratic donors are warning the party that they'll sit out the 2020 election – or back Trump – if Elizabeth Warren becomes the nominee. The opinion has become widely shared as Warren…

Capital Gains Proposal Could Change Everything

Supporters of the president believe the Trump administration should index the capital gains tax to inflation, calling it a pro-growth move. (Washington Post) It is wrong to tax inflation. Last week, President Trump agreed. He…