Politicians are addicted to taxes that they swear aren’t really taxes—not ones paid by locals anyway.
Holiday spending is down. Good. Here are five ways to spend on your future before you give in to the Santa impulse.
A bipartisan think tank finds that the costs of shoring up Social Security will skyrocket in coming years. We need to act now, while the costs are manageable.
Retailers have been promoting back-to-school deals since, well, since before many kids were even out of school. But the annoyance of endless seasonal promotions is only one reason to hold off a little while longer on back-to-school purchases.
So much for the United States. In skirmishes around the country, states are battling it out with their neighbors—and sometimes, states in other time zones—over sales tax revenues, marijuana taxes, weapons manufacturing businesses, and the pool of local labor.
Here are a few of the ongoing state-vs.-state showdowns:
The Dakotas …
Few people involved in the sharing economy know what taxes they’re supposed to pay, nor how to pay them. Because the rules are unclear, enforcement is almost nonexistent, and the feeling that “sharing” shouldn’t be taxed at all, very few people do pay them.
It’s not like buying lottery tickets is particularly difficult. But because states continually want to increase revenues via rising lottery sales, they’re constantly looking for “innovations” that make lottery tickets easier to buy and available at every turn—like at the gas pump, the ATM, or just the computer screen.
Let’s start with the obvious. Those IRS employees who singled out conservative groups for scrutiny over their tax-exempt status were wrong, wrong, wrong. Any whiff of politics at the agency is unacceptable, and this is far more than a whiff. In time, we shall see how far up the agency food chain the scandal goes.
But this unsavory …
Online giant eBay is leading the charge against legislation that would require sales tax to be collected on Internet sales. The mandate would be an unfair burden on small businesses, eBay says. And yet who are among the bill’s strongest supporters? Yep, small businesses.
A surprising number of taxpayers actually enjoy filling out their tax forms, according to new research. Here’s why.
New IRA limits target the wealthy. But this may be just the start of a raid on America’s nest eggs.
Think about it: A tax refund is just that — a refund of your own hard-earned money. It’s not a gift or a stroke of good fortune. The problem is that most people don’t look at tax refunds this way.