All posts tagged "Taxes"

The IRS's website contains so many errors that one tax professional quipped, "This is feeling like the website is spoofed and your payments will go straight to Russia,” according to new reporting from Forbes.

"It would be funny if it weren’t true," wrote Kelly Phillips Erb, senior writer with the publication.

Erb wrote that the typos and errors were brought to her attention on Thursday, and she listed some of the more egregious mistakes in her article....

Donald Trump's tax plan for a second potential term as president would be much more expensive than the one proposed by Vice President Kamala Harris, according to experts.

CBS Friday published an analysis of the presidential candidates' positions on taxes, finding that "the plans emerging from rivals Kamala Harris and Donald Trump could affect voters' paychecks in very different ways."

On that front, the experts suggested that, while both plans would likely help people reduce their tax burden, Trump's plan would be more focused on the top earners in the United States....

Donald Trump's plans for new tariffs would "add to inflation and equate to "a tax on American consumers," an economist told MSNBC.

Moody's Analytics chief economist Mark Zandi appeared on the cable news network on Saturday, and was asked about Trump's economic plans for 2025 if he is able to defeat President Joe Biden and the Democrats.

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Donald Trump on Sunday proclaimed he would find a way not to tax the tips of service workers if he were elected to another term, but that didn't go over well for a culinary union leader.

"I am the only Candidate who has ever called for delivering relief to our wonderful Service Workers by NOT TAXING THEIR TIPS. It was my idea that Tips should not be taxed, and only I will GET IT DONE - And do it IMMEDIATELY upon my return to the White House," Trump wrote Sunday on Truth Social. "Crooked Joe Biden has taken the totally opposite approach, trying to TAX more and more of their Tips, even hiring 88,000 IRS Agents to collect! In fact, Crooked Joe substantially increased the Reporting Requirements for Workers (2023!), and would go still further if I wasn’t here to watch. Biden could never, and will never, get done what I’ve proposed - Just like he never got Student Loan Forgiveness done."

He then added, "With Biden, it’s ALL TALK, AND NO ACTION. Hopefully Rank and File Union Members, Union Leadership itself, and Workers all over the Country, both Union and Non-Union, will support Donald J. Trump, because I’m NO TALK AND ALL ACTION! TRUMP KEEPS HIS PROMISES, AND STANDS WITH OUR GREAT WORKERS. PROMISES MADE, PROMISES KEPT!"
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Supreme Court Justice Clarence Thomas is reportedly facing a lawsuit alleging a failure to pay taxes.

With questions already being raised about Thomas and the other Supreme Court justices when it comes to determining whether they are following ethics rules, John Anthony Castro weighs in to explain his legal action, Newsweek reports.

"Castro, a long-shot Republican presidential candidate and tax attorney who filed a flurry of lawsuits seeking to remove former President Donald Trump from the GOP primary ballot, told Newsweek that he is filing suit against Thomas in a Virginia court under the Virginia Fraud Against Taxpayers Act (VFATA)," the outlet reported. "Although he mailed the complaint to the court on Friday, he expects it to take two business days for the court to process and file the case."...

Federal prosecutors have filed new charges against Hunter Biden, according to CNN on Thursday.

The court documents have not yet been released, making the nature of the charges unknown. However, reported Evan Perez, "Special counsel David Weiss, in recent weeks, has been using a federal grand jury in Los Angeles to gather testimony and evidence on possible criminal tax charges against President Joe Biden’s son."

This comes as Hunter Biden already faces charges related to improperly purchasing a gun when he was suffering from drug addiction....