“Trump’s tax proposals would substantially raise taxes on regular Americans while delivering more tax cuts to corporations and the wealthy,” said the executive director of the Institute on Taxation and Economic Policy. A detailed new analysis of the tax proposals Republican nominee Donald Trump has floated during the 2024 presidential campaign show they would result in annual tax increases […]
“The ultra-wealthy would get hefty handout while families suffer. We can’t let that happen,” said Sen. Martin Heinrich, the chair of the Joint Economic Committee. An economic analysis of the far-right Project 2025 agenda crafted by at least 140 former Trump administration officials shows that the plan would result in higher taxes on working-class Americans and “corporate […]
The U.S. Internal Revenue Service said Thursday it has recovered $1 billion in unpaid taxes from high-wealth tax evaders, marking a significant achievement in its efforts to enforce tax compliance. “With this collection activity, the IRS has passed an important milestone in our efforts to improve compliance and ensure fairness in the tax system,” said […]
It’s a day few people in the United States look forward to. Tax Day is April 15, which means Americans have until Monday to either file their income tax return for 2023 or request an extension. As of March 29, the Internal Revenue Service, or IRS, had received more than 90 million tax returns, most of […]