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While the Biden administration wants to raise federal income taxes to cover overspending, the governor of West Virginia, Jim Justice, wants to reduce and eventually eliminate his state's personal income tax. If successful, West Virginia would join
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"The class warfare people need to get a grip on what happens"
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"And in my second term I will cut middle class taxes even further"
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President Trump on Monday said he's "very seriously" considering slashing the capital gains tax via executive order, according to Bloomberg.
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The suit, filed July 13, asks the court to order the defending cities, counties and the state of Oklahoma to return money collected from the prosecutions of Natives, possibly with accumulated interest.
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"We're talking a fairly substantial ... middle-class tax cut that'll be subject to taking back the House and obviously keeping the Senate and keeping the White House," Trump said. He declined to elaborate more on the specifics of the plan.
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This is how Joe Bankman, a professor of tax law at Stanford University, explains the absurdity of paying taxes in America. "If Visa sent you a blank piece of paper each month instead of a bill," he explains, "you'd say, 'This is crazy.'
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Joel Bowman Interview-His take on the U.S. Tax System
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ELIMINATING THE ELECTRIC VEHICLE TAX CREDIT IS PART OF TRUMP'S 2020 BUDGET
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The new tax plan has shown that Arthur Laffer's analysis was correct.
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Cameron Cawthorne for the Washington Free Beacon reports, House Minority Leader Nancy Pelosi (D., Calif.) continued to slam the recently passed Republican tax reform bill this week, calling the wage increases and bonuses (from Walmart, AT&T and other
