Taxes

Trump Signs ‘Payroll Tax Holiday’, He May Terminate It if Re-elected

President Trump signed a directive for a ‘Payroll tax holiday,’ to Americans earning less than $100,000 per year. The memorandum gives employers the right to defer all payroll tax. He… read more Trump Signs ‘Payroll Tax Holiday’, He May Terminate It if Re-elected

Defund the Government

Daniel Greenfield, Local governments want to defund the police, shut down the schools, and raise taxes. The police aren’t policing and the teachers aren’t teaching. While many vital services aren’t… read more Defund the Government

Biden’s Unacceptable Income and Estate Tax Rates

Hank Adler, Golf’s U.S. Open is scheduled for this fall in New York. The winner of the U.S. Open will earn $2.25 million pre-tax. This year, the victorious professional golfer will… read more Biden’s Unacceptable Income and Estate Tax Rates

Faltering State Budgets During Recessions Can Lead to Harmful State Tax Policy

Andrew Wilford, In the aftermath of the passage of the CARES Act, American taxpayers are receiving much-needed assistance from Uncle Sam. Yet even as $1,200 checks from the federal government have made their… read more Faltering State Budgets During Recessions Can Lead to Harmful State Tax Policy

Here’s a Multi-Trillion Dollar Stimulus That Won’t Cost Taxpayers A Penny

Newt Gingrich and Joe DeSantis, Washington is gearing up to pass another multi-trillion-dollar COVID-19 relief package. However necessary these short-term stimulus measures may be to prevent a depression; the fact is that… read more Here’s a Multi-Trillion Dollar Stimulus That Won’t Cost Taxpayers A Penny

What does 90-day tax payment delay mean for filers?

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan… read more What does 90-day tax payment delay mean for filers?

IRS opened 2020 filing season for individual filers on Jan. 27

The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and… read more IRS opened 2020 filing season for individual filers on Jan. 27

IRS opens 2020 filing season for individual filers on Jan. 27

WASHINGTON ― The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin… read more IRS opens 2020 filing season for individual filers on Jan. 27

Majority of Americans favor wealth tax on very rich

The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump branding it socialist and progressive… read more Majority of Americans favor wealth tax on very rich

PROGRESSIVE “FAIR TAX” WILL WORSEN ILLINOIS ECONOMIC WOES

Matthew Glans, Lennie Jarratt In this Policy Tip Sheet, Matthew Glans discusses the proposed progressive tax in Illinois, why these taxes are less effective than the current flat tax, and how… read more PROGRESSIVE “FAIR TAX” WILL WORSEN ILLINOIS ECONOMIC WOES