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Oct 26 2021
Opinion
Democrats' Proposed 'Billionaire Tax' Is Definitely a Wealth Tax, and It May Be Unconstitutional
President Joe Biden got himself elected partly by opposing the billionaires' wealth tax proposed during the primary campaign by Sens. Elizabeth Warren (D–Mass.) and Bernie Sanders (I–Vt.). Now, in a reversal, Biden is preparing to embrace the idea.
It wouldn't be the first time that a presidential candidate's plans changed after getting elected. The shamelessness of the way that Biden
ReasonDec 06 2023
News
Supreme Court looks like it will punt on a wealth tax while upholding levy on foreign income
The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code. After two hours of
FortuneApr 18 2024
News
This Tax Week, Remember That the Federal Income Tax Is Relatively New
Another Tax Day has come and gone, and most Americans believe they pay too much. One recent poll revealed that 56 percent say they pay more than their fair share. Unfortunately, I fear this is just the beginning considering the insane level of debt Washington policymakers have accumulated over the years. With this in mind, here are some important facts about our tax system that you might not
ReasonApr 04 2024
News
Howard County Leaders Launch Opportunities for Wealth-Building Now, Enhance Other Programs
HOWARD COUNTY, MD — A new homeownership program has been launched in Howard County to help more residents own a home by offering low-interest financing for down payment assistance, improving home renovation loan criteria and investing in homeownership programs. Called Opportunities for Wealth-Building Now, or OWN, the new program was announced by county leaders in addition to changes being
Patch.comMar 13 2024
News
Indianapolis financial advisory team leaves Stifel for Sanctuary Wealth
A six-member financial investment team has left Stifel, Nicolaus & Co. Inc. to form a new firm, M&K Legacy Wealth, which is affiliated with Indianapolis-based Sanctuary Wealth. But in an unusual about-face, two veteran Stifel advisers who were expected to be part of the new firm called off the move just days after the founding was announced. On Friday, Sanctuary Wealth announced that
Indianapolis Business JournalApr 19 2024
News
Massive Tax Relief From Georgia: Gov. Signs Into Law 5 Tax Bills
Georgians can expect massive tax relief going forward now that Gov. Brian Kemp has signed into law a series of tax bills to reduce the burden on taxpayers. The tax relief from Georgia includes bills reducing income tax rates (individual and corporate), raising the child tax credit and more. The tax relief bills that the governor signed into law are for both individuals and businesses. On
Value WalkApr 15 2024
News
Tax day is here, but the expanded Child Tax Credit never materialized
What to know about requesting a tax filing extension Earlier this year, the federal Child Tax Credit appeared headed for an expansion that would have helped lift hundreds of thousands of children out of poverty. But the expanded CTC failed to materialize ahead of the April 15 tax deadline, and its future appears uncertain. The bill, called the Tax Relief for American Families and Workers Act
CBS News (Online)Apr 10 2024
News
Democrat suggests black people shouldn't have to pay taxes for a bit — but adds tax exemption still may not redress slavery
A Democrat serving her second term in the U.S. House of Representatives recently stated that temporarily exempting black people from paying taxes is not "necessarily a bad idea." However, while parsing through the idea, she determined that such an exemption from taxes still likely won't redress the centuries-old horrors of slavery or current wealth disparities between black people and other
The BlazeMar 23 2021
News
Rep. Comer: Tax Hikes Are for Redistributing Wealth, Not Programs
Calls from the Biden administration and from Democrats to raise taxes do not come from a plan to generate money for more government spending, but for redistributing wealth, Rep. James Comer said Tuesday.
"You used to hear liberals say we want to raise taxes to be able to have more money to spend on more government programs," the Kentucky Republican, who appeared on MSNBC's "Squawk Box
Newsmax (News)Apr 23 2024
News
South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
COLUMBIA, S.C. (AP) — The South Carolina Senate started debating Tuesday that accelerates a planned income tax cut instead of the House plan to use $500 million to give homeowners a one-time property tax rebate. Once the spending plan passes the Senate, a group of three House members and three senators — likely including the leaders of each chamber’s budget committee — is going to have to sort
Associated Press