“Decreasing criminal enforcement… would signal an indifference to cheating and insults the millions of honest filers who pay the taxes they owe,” said one tax law expert. President Donald Trump’s administration has drastically slashed resources for enforcing tax laws, and the result has been a massive plunge in tax-related prosecutions. A Tuesday report from Reuters found that federal tax […]
[content id=”79272″] Patriotic Millionaires, an organization that lobbies for higher taxes on the wealthy, said the report was a “reminder of how unfair our tax code is.” Although Elon Musk’s space exploration company SpaceX has benefited over the years from several lucrative government contracts, it has largely avoided paying any taxes to the federal government. […]
“Trump’s definition of ‘winning’ is hitting the American people with ever-higher taxes,” said economist Dean Baker. President Donald Trump on Thursday used emergency authority to impose high tariff rates on imports from dozens of American trading partners, including Canada—a move that economists criticized as a senseless approach to global trade that will further increase costs for consumers […]
“Donald Trump and Elon Musk are going after Direct File because it stops giant tax prep companies from ripping taxpayers off for services that should be free.” On the heels of Tax Day in the United States, The Associated Pressreported Wednesday that the Trump administration plans to end Direct File, a free electronic program for filing tax […]