PRESIDENT BIDENS BET ON TAXES
President bidens bet on taxes. President Biden and the Democrats are making a big bet that the politics of taxes changed. In their view, the American public—frustrated by the economic impact of COVID-19 and years of stagnation for the middle class–is willing to countenance higher taxes, at least on corporations and the wealthy. “What most […]
CHANGES IN OFFSHORE TAXES FOR CORPORATIONS
Changes in offshore taxes for corporations. The political debate in the United States has shifted between the Democrats and Republicans lately. Under President Trump, running large deficits were frowned upon, but lately we are hearing how the Biden stimulus proposal is going to increase the deficit and bring on inflation. What is missing in this […]
SHOULD TAX DEADLINE BE PUSHED BACK FURTHER
Should tax deadline be pushed back further. After a brutal tax year, fighting thru COVID-19, changes to the Tax Code due to President Trump’s Tax Cuts and Jobs Act, then President Biden’s $1.9 trillion stimulus bill, and administering the stimulus bill, the IRS has been a bit overwhelmed lately. The tax deadline of April 15th, […]
PANDEMIC RELIEF HAS LOTS OF TAX CREDITS
Pandemic relief has lots of tax credits. The recently passed $1.9 trillion Pandemic Aid Bill is best known for the $1400 checks that most Americans will receive as a result of the bill, passed by Congress and signed into law by President Biden. The bill is designed to get Americans back on their feet, after […]
BIDEN THE RICH AND TAX INCREASES
Biden the rich and tax increases. With the political winds shifting, most knew the time for tax increases on the rich was here. A lack of investment in America’s infrastructure, ahs hurt us in a competitive world, where broadband is a must, and having working bridges and highways for a functioning economy should be a […]
