A National Sales Tax Is a Terrible Idea

A small minority of House Republicans can force a vote on creating a national sales tax. It will give Democrats a needless political cudgel in exchange for a flawed bill with no hope of passage. The Fair Tax Act has been introduced by a small handful of Republicans in every Congress since 1999. The bill … Read more

Here’s where Americans will pay less in state taxes in 2023

CNN — States are starting 2023 with a host of tax changes for their residents and businesses. Some 38 states had notable changes — mostly net tax cuts — that took effect Jan. 1, according to the right-wing Tax Foundation. They lowered personal and corporate income tax rates, exempted more proceeds from sales taxes, and … Read more

Unanswered questions about Trump’s tax returns

New York CNN — After years of legal battles, pontifications and theories, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have speculated that Trump opposed public disclosure of his tax returns because they potentially provide evidence of illegal or politically damaging … Read more

Here’s what tax pros are looking for in Donald Trump’s returns

Former President Donald Trump’s tax return to be discharged Former President Donald Trump’s tax return to be discharged 00:16 Donald Trump’s tax returns, long the subject of speculation and a bitter legal fight, should be made public. After releasing a summary of the IRS’ efforts to audit the former president last week, as well as … Read more

House Panel Votes to Release Donald Trump’s Tax Returns

The House Ways and Means Committee voted on Tuesday to release former President Donald Trump’s tax returns, capping a years-long legal and political fight. The committee released reports and documents on Tuesday revealing details of Mr Trump’s tax filings and audits, showing that he and his wife, Melania Trump, reported negative adjusted gross income in … Read more

House Ways and Means Committee to meet on future of Trump’s tax returns

CNN — The House Ways and Means Committee will meet on Tuesday to discuss former President Donald Trump’s tax returns and whether to release the information to the public, the end of a years-long effort by Democrats to learn more about Trump’s financial background. The highly anticipated meeting has been in the works for years, … Read more

Now New York Democrats Tell Us

New York Governor Kathy Hochul Photo: Hans Pennink/Associated Press It’s the season of epiphanies, and what do you know? Some New York Democrats are finally realizing that high state tax rates are driving away high earners who fund essential public services. If only that wisdom had visited Democrats in Albany before they raised taxes last … Read more

GST evasion of ₹23,000 cr by gaming companies in April 2019-Nov 2022 period being investigated

GST evasion of approximately ₹23,000 crores by gaming companies between April 2019 and November 2022 are under investigation by tax officials. GST evasion of approximately ₹23,000 crore by gambling companies between April 2019 and November 2022 are under investigation by tax officials, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written … Read more

Fact check: Biden’s midterms message includes false and misleading claims

Washington CNN  —  President Joe Biden has been back on the campaign trail, traveling in October and early November to deliver his pitch for electing Democrats in the midterm elections on Tuesday. Biden’s pitch has included claims that are false, misleading or lacking important context. (As always, we take no position on the accuracy of … Read more

Trump tax returns: Chief Justice John Roberts puts temporary hold on release of records to Congress

CNN — Chief Justice John Roberts has agreed to temporarily suspend a lower court order requiring the disclosure of former President Donald Trump’s tax returns from the Internal Revenue Service to a Democratic-led House committee. The tax returns were due to be delivered to the House Ways and Means Committee later this week. Roberts requested … Read more