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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Meet Tom Suozzi, the Democrat who wants tax cuts for the rich jammed into Build Back Better

Meet Tom Suozzi, the Democrat who wants tax cuts for the rich jammed into Build Back Better

This post was originally published on this site Rep. Tom Suozzi of New York is a centrist Democrat from suburban Long Island who has spent recent weeks attacking the left and is likely to quit Congress altogether within a matter of days, ahead of a likely 2022 campaign for governor....

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The super rich push back against calls for a wealth tax

The super rich push back against calls for a wealth tax

This post was originally published on this siteDuring the pandemic U.S. billionaires saw their wealth increase by more than $1 trillion. That’s leading to calls for a wealth tax. But the super rich, including Elon Musk, are pushing back.

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Dems Eye Historic Shift To Taxing Wealth, Not Just Income

Dems Eye Historic Shift To Taxing Wealth, Not Just Income

This post was originally published on this site Democrats are poised to orient the country’s tax system in a whole new direction.

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Recent White House study on taxes shows the wealthy pay a lower rate than everybody else

Recent White House study on taxes shows the wealthy pay a lower rate than everybody else

This post was originally published on this site A decade ago, in an essay for The New York Times, Warren Buffett disclosed that he had paid nearly $7 million in federal taxes in 2010. “That sounds like a lot of money,” he wrote. “But what I paid was only 17.4...

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