The recently enacted tax reform/tax reduction is possibly the most misinterpreted and misrepresented policy change in the history of policy changes. For example, it has been accused of benefiting only the wealthy and of adding $1.5 trillion to the federal debt. There are numerous reasons to be highly skeptical of both these assertions.
BING NEWS:
- Tax time myths and truths
Another Tax Day has come and gone, and most Americans believe they pay too much. One recent poll revealed that 56% say they pay more than their fair share. Unfortunately, ...
04/18/2024 - 4:59 pm | View Link - Will the center hold as elections descend to a war between gut grievances vs. real-world reason?
The real doomsday: when battlefield elections set faith alone (with few payoffs) against reality-based logic (with demonstrable deliverables) What functional democracy prospers wi ...
04/15/2024 - 7:13 am | View Link - Middle-class earners are the most targeted group for IRS audits — how to prepare if an auditor comes knocking
In fact, 63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board, which then dubbed the ...
04/13/2024 - 11:10 pm | View Link - What is capital gains tax?
Tax treatment depends on your individual circumstances and may be subject to future change. Capital gains tax is the amount you pay on any profit you make when you come to sell an asset, such as a ...
04/8/2024 - 1:00 pm | View Link - 'Going back to the drawing board': Nebraska lawmakers pause on property tax reform
It’s keeping us from having people come to Nebraska. We have to do what's right and and putting the past myths of politics away," Pillen said. Erdman said he isn't going to be swayed.
03/28/2024 - 2:29 pm | View Link - More
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