Earlier in November, the Internal Revenue Service released new inflation-adjusted federal tax brackets. For background, according to the Tax Foundation: “On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “bracket creep.” Bracket creep occurs when people are pushed into higher income tax brackets or have …
[Read more...] about Preparing for Tax Season? Here Are This Year’s Brackets
You want to bet they have to show a photo ID to vote?! From National Public Radio: The New York City Council approved legislation that would expand voting rights to hundreds of thousands of legal noncitizens, allowing a once-disenfranchised segment of Big Apple taxpayers a chance to participate in the local democratic process. Despite its relatively easy coast to council victory in the …
[Read more...] about ‘American Citizens Should Decide American Elections — Full Stop’
We know it’s not popular to talk about, especially when the ruling party in Washington and much of the mainstream media are more offended by mean-tweets than taking the time to understand good government policy. But the reality is the Trump tax cuts are benefiting who Congress targeted with this legislation. “By comparison, no income group with an AGI of at least $500,000 received an average …
[Read more...] about Trump Tax Cuts: Biggest Beneficiaries? The Working and Middle-Income Filers
