WHO REALLY GETS CREDIT FOR REVENUE BOOM

Who really gets credit for revenue boom. In the last few years it seems everything turned from ok to really bad. The economy turned downward during Covid lockdowns, then it looked like things were turning around after that first winter of Covid, then summer and increased Covid, then more lockdowns and a slower economy. Along […]

BRITAIN’S MOVE TO CLEAN ENERGY THRU GAS TAX

Britain’s move to clean energy thru gas tax. It appears that Britain has seen enough evidence of Global Warming to move itself towards clean energy. Yet politics remain. The British Gas owner, Centrica, has warned that Rishi Sunak’s windfall tax will “damage investor’s confidence” as Britain attempts to build up green energy supplies. The Centrica […]

SALT TAX FIGHT CONTINUES

Salt tax fight continues. The SALT Tax which was implemented by President Trump, targeted wealthy coastal homes, that were in predominately blue states and voted Democratic. The idea was to tax them heavily, hoping it would cut into campaign contributions. When candidate Biden said he would end the tax, the blue states were solidly in […]

CONSOLIDATED ACT PART TWO

Consolidated act part two. The Consolidated Appropriations Act has multiple parts that are designed to help boost the economy, and some parts that have been re-authorized for another period of time. These provisions are designed to help a struggling economy, and some of the Act’s provisions are past parts of laws that the government know […]

INFRASTRUCTURE TALKS AT IMPASSE

Infrastructure talks at impasse. With Democrats and Republicans at odds over the details of the infrastructure bill, it seems that both parties have dissension within their ranks as well, making agreement even more difficult. There is broad agreement among Democrats that the corporate tax rate is too low. The rate was slashed from 35 percent […]

AGGRESSIVE IRS AFTER TAXPAYERS

Aggressive IRS after taxpayers. After years of being under funded by Congress, and with mounting federal budget deficits, Congress, spurred on by the Biden Administration, has finally beefed up funding at the IRS to levels not seen in several decades. What that means for taxpayers is that the IRS will be conducting more audits, not […]

IRS NOT SEIZING MOST STIMULUS CHECKS

IRS not seizing most stimulus checks. The Internal Revenue Service won’t take a taxpayer’s refund money to pay off any federal debts they owe if that taxpayer claims a 2020 stimulus payment on their tax return, according to a consumer watchdog inside the tax collection agency. This policy change provides “a needed lifeline to the […]

BIDEN AND YOUR FUTURE TAX BILL

Biden and your future tax bill. It’s certainly taken longer than most expected for President elect Joe Biden, but after every major news network has declared him the winner, and now most republicans are also, the questions about tax changes are starting to perculate. Even though Donald Trump has not congratulated him, and probably won’t, […]