Sen. Elizabeth Warren is focused on bringing in more tax revenue for the IRS

Sen. Elizabeth Warren is focused on bringing in more tax revenue for the IRS

This post was originally published on this siteNPR’s Steve Inskeep speaks with Democratic Sen. Elizabeth Warren of Massachusetts about the U.S. economy and rising inflation.

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Elizabeth Warren releases blueprint to end ‘free ride’ for tax-dodging US billionaires

Elizabeth Warren releases blueprint to end ‘free ride’ for tax-dodging US billionaires

This post was originally published on this site To show how wealthy corporations would be held accountable by a tax proposal she released late last month, Sen. Elizabeth Warren on Thursday put out a report illustrating the unfair “free ride” powerful companies have gotten for years—and doubled down on her...

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Biden wants to give the IRS more money to chase wealthy tax cheats. Will it work?

Biden wants to give the IRS more money to chase wealthy tax cheats. Will it work?

This post was originally published on this sitePresident Joe Biden is looking to pump $80 billion into the IRS to help the agency target rich tax evaders and pay for his Build Back Better plan.     

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IRS announces inflation adjustments for standard deduction, tax brackets

IRS announces inflation adjustments for standard deduction, tax brackets

This post was originally published on this siteThe IRS on Wednesday announced inflation adjustments for 2022 pertaining to a host of features in the tax code, including the standard deduction and tax brackets.The changes take into account the fact that inflation has increased this year. The…

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Prohibiting IRS Financial Surveillance Act would overturn proposed Biden rule for banks to report…

Prohibiting IRS Financial Surveillance Act would overturn proposed Biden rule for banks to report…

This post was originally published on this siteProhibiting IRS Financial Surveillance Act would overturn proposed Biden rule for banks to report info on customer accounts above $600 Rep. Drew Ferguson (R-GA3) Sen. Tim Scott (R-SC) That could buy you 600 items from the McDonald’s dollar menu. Context To detect money laundering and other crimes,...

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Does the IRS really want to spy on your bank account? The latest tax fight explained

Does the IRS really want to spy on your bank account? The latest tax fight explained

This post was originally published on this site The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks. (Image credit: Rafael Henrique/SOPA Images/LightRocket via Gett)

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