Biden's Plan To Crack Down on Tax Cheating: Snooping on Everyone's Bank Accounts
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.
Income tax
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.
House Democrats Ready Taxes on E-Cigarettes and Cryptocurrency
Plus: Vaccine mandates are popular, Texas versus free speech, and more...
The Pandemic Has Most Americans Paying No Federal Income Taxes
A minority of the population picking up the tab would be dangerous if the situation were to last.
Biden's Tax Plan Means 60 Percent of Taxpayers Will Pay More
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.
The $1.9 Trillion American Recovery Act Could Have Huge Implications for State Tax Policies
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.
Biden Won't Close the 'Tax Gap,' but He Will Snoop on Your Bank Records
Another new Democratic administration, another hollow promise to discover hundreds of billions of unreported tax obligations under the national mattress.
ProPublica's Bombshell Tax Report That Wasn't
The new report doesn't reveal anything we didn't already know.
Elizabeth Warren's Plan To Close the 'Tax Gap' Doesn't Add Up
But it would triple the IRS budget and give the tax cops a lot more power to make life miserable for individuals and businesses.
Expanding the Child Tax Credit Will Do Very Little To Help the Poor. Here's Why.
No country gets out of poverty through redistribution of income.
Biden Wants To Spy on American Bank Accounts
Plus: Trump administration spied on CNN reporter, the right's wrong turn on economic liberty, and more...
Bernie Sanders Is (Mostly) Right About the SALT Deduction
The state and local tax deduction overwhelmingly benefits rich households in high-tax states while shifting their federal tax burden to everyone else.
Biden's 'American Families Plan' Sends the IRS To Snoop on Bank Transactions, Venmo Accounts
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.
Enjoy Tax Day 2021. They Just Get Worse From Here.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Biden Said His Tax Hikes Would Only Affect the Rich. He Can't Keep That Promise.
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.
Illinois' Governor Begs Citizens To Let Government Tax Them Even More
Lawmakers are bribing citizens with a tiny tax break in exchange for the power to jack up income tax rates down the line.
John McAfee Arrested in Spain, Indicted on U.S. Tax Charges
He is expected to be extradited to face the charges he knew were coming, which inspired his past few years of international exile.
The Lessons Americans Refuse To Learn From Trump's Tax Returns
Major-party politicians avoid tax simplification almost as aggressively as the rich avoid taxation, argue the Reason Roundtable panelists.
As Delayed Tax Day Approaches, Consider What You Get for Your Money
Do you appreciate the incompetence, in-fighting, obstructionism, authoritarianism, and waste that you pay for?
Federal Tax Deadline Extended Until July 15
The extension allows some individuals and businesses to keep more of their money for three extra months at a time when millions of Americans are likely to be out of work and struggling to make ends meet.
Texas Voters Ban State Income Taxes. Again.
Some 76 percent of Texas voters approved a constitutional amendment that prohibits the state from imposing any income tax.
Illinois Passes Constitutional Amendment to Allow a Progressive Income Tax
Voters will decide next year whether to impose it.
Happy Tax Day! Here Are 6 Infuriating Ways the Government Spends Your Money
Surprised? Yeah, neither are we.
Starve the Tax Man
Americans are increasingly reluctant to pay the IRS. Who can blame them?
Stossel: Tax Myths
Rep Ocasio-Cortez and her progressive followers think taxing the rich at 70% will bring in lots of tax money. It won't.
Libertarian Candidate Will Almost Certainly Be Blamed as 'Spoiler' in Georgia Gubernatorial Race
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.
Four Blue States Scream 'Federalism' and Sue to Stop Changes in Federal Tax Deductions
New York gets salty over new limits because now the rich will know they're being soaked.
Seattle's Income Tax Ruled Illegal
The city council's desire to 'tax the rich' collided with the plain text of Washington state law.
California Tried to Seize Millions of This Inventor's Fortune. He Fought Back. And Won.
Gilbert Hyatt's 25-year legal battle is a story of greed, harassment, anti-semitism, and the abuse of power.
Irwin Schiff, R.I.P.
Man who argued there is no legal obligation to pay income tax dies of cancer shackled to prison hospital bed at age 87.
Does Rising Income Inequality Justify Class Warfare?
Meanwhile U.S. intergenerational income mobility has not slowed.
Scrap the Welfare State and Give People Free Money
A guaranteed income would reduce the humiliations of the current welfare system while promoting individual responsibility.
North Carolina Republicans Looking to Abolish State Income Tax
Would be eighth state to do so
The Legacy of Frank Lautenberg
The late Sen. Frank Lautenberg's true legacy is one of entrepreneurship.
An Open Letter to President Reagan
The income tax, Mr. President, is the issue—not harassment by the tax police, not "bracket creep," not loopholes for the rich, but the very income tax itself.