"If any European country ever receives anything close to a check for 15% of the profits made by a big digital tech company selling in their borders, I shall eat my hat."
Big-spending politicians will have to go where the money is--in citizens' purses and wallets.
US equity markets hit a vacuum to the downside briefly this morning shortly after headlines that the $6 trillion Biden budget malarkey includes the assumption that a retroactive capital gains tax hike would be included (which would have started in Ap
Thanks to the beneficence of the Internal Revenue Service--and the fallout from COVID-19--we half of Americans who pay federal income taxes have been given until May 17 to file.
The program to be implemented by the Biden administration to increase federal revenues by raising direct taxes on higher-income individuals and households, according to reports, would hit married couples the hardest, which would be a clear attack on
What would happen if Biden got the tax hikes he seeks? A big set of questions and answers follows.
Federal taxes, spending and the federal deficit all set records in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement.
Unhappy with Biden's tax proposals? So are many others. Let's discuss moving offshore. Puerto Rico Too Good to Be True?
It is relatively easy for a billionaire to say they support higher taxes. More is on the line if they are asked to do something about it.
"We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation."--Herbert Hoover
Could a racial priority for getting a Covid-19 vaccine turn out to be just the first stop on the way to race-based tax rates?