Category: income taxes

Be Alert to Scammers Who Pose as the IRS

Be Alert to Scammers Who Pose as the IRS Scammers pretending to be from the IRS continue to target taxpayers. These scams take many different forms. Among the most common are phone calls and fake emails. Thieves use the IRS name, logo or a fake website to try and steal money from taxpayers. Identity theft

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Robert Reich: 5 Reasons Why Trump’s Corporate Tax Cut Is Totally Moronic

A huge windfall for corporations and a huge burden on ordinary Americans. By Robert Reich / RobertReich.org April 26, 2017 Photo Credit: ATIS547 / Flickr Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.” This is truly dumb, for 5 reasons:

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We Hit a Nerve! Trump Lashes Out at Tax March Protesters

We Hit a Nerve! Trump Lashes Out at Tax March Protesters. APR 17, 2017 — Thank you to everyone who hit the streets on Saturday to protest Trump’s unprecedented refusal to release his tax returns. Over 125,000 people marched, in more than 200 communities nationwide, demanding transparency from our president. Many of you even handed out

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Tax Tips to Help You Determine What Makes a Gift Taxable

Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: 1. Nontaxable Gifts. The general rule is that any gift is potentially taxable. However, there are

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Income and taxes 1964-2016

They argue that future policy should focus more on raising the primary income of the American working class. They would prefer to see policies focus on improving education and job training, equalizing distribution of human and financial capital, and increasing labor bargaining power, combined with a return to steeply progressive taxation. http://www.nytimes.com/interactive/2016/12/16/business/economy/nine-new-findings-about-income-inequality-piketty.html?ribbon-ad-idx=5&src=trending&module=Ribbon&version=origin&region=Header&action=click&contentCollection=Trending&pgtype=article