The president says the IRS needs just two bits of information: all the money that goes into your bank account, and all the money that comes out.
Taxing the Rich Isn't Enough to Pay for Democrats' Welfare State. They'll Need To Soak the Middle Class Too.
There simply aren't enough rich people to finance all the new spending.
Plus: Vaccine mandates are popular, Texas versus free speech, and more...
A minority of the population picking up the tab would be dangerous if the situation were to last.
And as many as 75 percent of middle income households face a tax increase under Biden's plan, even though the highest-earning households will pay the vast majority of the costs.
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
Another new Democratic administration, another hollow promise to discover hundreds of billions of unreported tax obligations under the national mattress.
But it would triple the IRS budget and give the tax cops a lot more power to make life miserable for individuals and businesses.
No country gets out of poverty through redistribution of income.
The state and local tax deduction overwhelmingly benefits rich households in high-tax states while shifting their federal tax burden to everyone else.
The White House says cracking down on tax cheats will generate $700 billion over 10 years to help offset a $1.8 trillion expansion of welfare programs.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Workers will suffer.
Biden's Planned Corporate Tax Hike Will Cost Jobs and Reduce Economic Growth. Because That's What Taxes Do.
The White House is reportedly considering hiking the corporate income tax to 28 percent and raising individual income taxes on high earners to pay for more federal spending.
Lawmakers are bribing citizens with a tiny tax break in exchange for the power to jack up income tax rates down the line.
He is expected to be extradited to face the charges he knew were coming, which inspired his past few years of international exile.
Major-party politicians avoid tax simplification almost as aggressively as the rich avoid taxation, argue the Reason Roundtable panelists.
Do you appreciate the incompetence, in-fighting, obstructionism, authoritarianism, and waste that you pay for?
Voters will decide next year whether to impose it.
Surprised? Yeah, neither are we.
In one of the country's highest-profile campaigns, featuring Democratic heartthrob Stacey Abrams vs. Trumpian Secretary of State Brian Kemp, Ted Metz is likely pulling enough votes away to force a runoff.
New York gets salty over new limits because now the rich will know they're being soaked.
Gilbert Hyatt's 25-year legal battle is a story of greed, harassment, anti-semitism, and the abuse of power.
Meanwhile U.S. intergenerational income mobility has not slowed.
A guaranteed income would reduce the humiliations of the current welfare system while promoting individual responsibility.
Would be eighth state to do so
Effort to try to eliminate it