Silver as an investment

Category Archives: Taxation in the United States

Turmoil Grows Over Disparity In Rules For Prepayment Of Property Taxes

Authored by Mark Glennon via, What a mess! A  matter of immediate importance to many property owners – prepayment of property taxes – is rapidly descending into chaos and unfairness. Can you prepay property taxes before the end of this year or not? You can for purposes of getting a deduction in 2017 under […]

House Passes Tax-Reform Bill – 12 Republicans, All Democrats Vote Against

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]

Does Trump’s Tax Plan Single Out Family Trusts As A Way To Subsidize Corporate Tax Cuts?

According to an analysis from the Tax Policy Center, the Senate’s recently passed tax plan will increase the after-tax income of folks in every income bracket.  Of course, there are exceptions to every rule and plenty of arguments to be had between the Left and Right over how the tax savings scraps should be divvied […]

The Fetid Swamp Of Tax Reform

Authored by Charles Hugh Smith via OfTwoMinds blog, The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, […]

Trump’s “Beautiful Tax Plan”… Fuggedaboutit!

Via, Last week President Trump’s tax plan was unveiled with great fanfare by the Congressional Republican leadership. Although President Trump babbled what he claimed to be the biggest tax cut in American history, the evidence is quite to the contrary. Former Reagan budget director David Stockman dissects the “beautiful tax plan,” concluding that it […]

“Bubble Tax”: The GOP’s Hidden 46% Tax Bracket

Authored by Danny Vinik via TheAgenda, If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s. House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent – the level at which it’s been capped for much of the past quarter-century. […]

Obama’s IRS Admits To Specifically Targeting Tea Party Conservatives

Authored by Alex Thomas via, The American Center for Law and Justice (ACLJ) has won a years-long legal battle against the Internal Revenue Service in which the agency admitted that it wrongfully targeted Tea Party conservatives, during the Obama Administration, specifically because of their political viewpoints. In issuing an “apology” to the clients represented by […]

IRS Pulls Equifax Contract In “Precautionary Step”

And the hits just keep on coming… Until today's headlines indicating the possibility of another breach of Equifax's security, dip-buyers had been enjoying a few days' relief as analysts clammored to explain how one of the biggest cyberhacks of all time did nothing to hinder Equifax's business model. Tonight, they might just start questioning that […]