Michael Phelps swims fast, but not fast enough to beat Uncle Sam, who awaits him at the finish line each time he wins a medal. His total income tax bill for the 2016 Games? Up to about $55,000 for his five golds and one silver.
"Did you vote for these people to tell you how to live? And who will receive the tax and what will they use it for?"
Now that Hillary has secured the Democratic nomination (to the surprise of no one), she has slowly shifted her rhetoric to sound more like Bernie Sanders.
After the twin towers fell in 2001, the US government sprang into action to wage the global war on terrorism.
The American Institute of CPAs has sent the IRS a letter to clarify tax status of small virtual currency transactions and nine other virtual currency issues, according to The Wall Street Journal.
TN Note: Robots are on their way to achieving rights previously reserved only for humans. Scientists caught up in their own sci-fi rhetoric cannot tell the difference between reality and total fiction. So, robots can have 'feelings' and 'ethics
This story may unnerve you…
The taxes are life-sustaining to the government juggernaut, managed by the ever self-serving "representatives" of Congress who approve pay raises for themselves, immunity from prosecution from (what was formerly) insider trading, and exonerate th
Just imagine if this had been a Republican presidential administration these past seven years. The media would have been all over it like white on rice.
"Offshore". It's practically a dirty word now. The O-word.
Warren's assumption that a social contract exists between citizens and their governments is faulty. Her argument in this day-and-age is make believe.
Suppose I saw you on the street and said, "Excuse me, but could you let me have a dollar to buy a loaf of bread?" And you said to yourself, oh, this is Jack, I'll give him a buck. So you gave me the buck.
Yesterday we showed something strange: while oil prices have rebounded from multi-year recent lows, gasoline prices have not only rebounded but have done so with a vengeance, sending retail gasoline at the pump is now back to levels last seen just ov
Almost one year ago to the day, I introduced you to Joe-- a US Army combat veteran who lost his leg while deployed to Afghanistan in 2010.
Donald Trump's tough talk of imposing tariffs on China, Japan and Mexico gets big cheers at his rallies. What his supporters may not realize, however, is how much those tariffs will cost them.
$1,914,651,000,000: FY2016 Taxes Set Record Through April; $12,679 Per Worker; Feds Still Run Deficit of $354,592,000,000
It seems crazy to call it the 'New Normal', but once again, record numbers of Americans are renouncing citizenship.
Donald Trump's critics have heaped scorn on his calls for protective tariffs to deal with America's widening trade imbalance and the resulting loss of higher-paying blue color jobs.
Most people don't go gray overnight; it is a gradual process. But one day, you wake up, look in the mirror and… your hair has gone all white.
Now that the benefits QE "have run their course", it is time for the next, and far more drastic step: "the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes.
"The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government." ? Ron Paul
It is tax day again.
I'm here to give you something to think about. In addition to sending the IRS your money, you're also sending them your data. It's a lot of highly personal financial data, so it's sensitive information. Is that data secure? The short answer is "no."
Democrats would counter that withholding saves taxpayers the time and trouble of paying their taxes separately, and that the elimination of withholding would result in massive nonpayment of taxes.
Panama Papers reveal London as center of 'spider's web' … As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London's role as a vital organ of the world.
Just one day after the Panama Papers leak, the IRS headquarters reported a fire in their basement, leading some to believe they may be trying to destroy evidence of potential involvement.
During an interview with the editorial team of the New York Daily News, Hillary Clinton admitted her tax proposals will increase taxes on the American people by at least $1 trillion over the next ten years.
In 1903 the US bullied Colombia into giving up the province that became Panama. The plan was to create a nation to serve the interests of Wall Street