Commentary Last week, a light appeared on the dark horizon. It seemed like some Republicans were getting serious about reforms we need to save the country from a pillaging ruling class that has been stealing everything not nailed down. It seemed like perhaps some wise people were thinking about radical and dramatic reform to restore…
Say No to the VAT
January 18, 2023
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Four Reforms by Congress That Would Help California in 2023
January 11, 2023
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Commentary With California Rep. Kevin McCarthy finally ensconced in the Speaker’s Chair in the U.S. House of Representatives, here are four reforms he and his colleagues from both parties can advance to help Californians especially. 1. Allow bankruptcy for college debt. Of course, people should pay their debts. But what if you run up $200,000…
4 Reforms by Congress That Would Help California in 2023
January 11, 2023
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bankruptcyCaliforniaincome taxLocal NewsmarijuanaNorthern CaliforniaOpinionRegional-Local NewsSouthern CaliforniaUSViewpoints
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Commentary With California Rep. Kevin McCarthy finally ensconced in the Speaker’s Chair in the U.S. House of Representatives, here are four reforms he and his colleagues from both parties can advance to help Californians especially. 1. Allow bankruptcy for college debt. Of course, people should pay their debts. But what if you run up $200,000…
New IRS Requirement Raises Questions About Vow to Expand Audits Only on ‘Rich’
December 28, 2022
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Commentary Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out. Under the American Rescue Plan, third-party payment facilitators like Venmo, eBay, Etsy, and Airbnb are now required to send Form 1099-Ks…
Is It Worth It to Move to a Low-Income Tax State to Save Money?
Many people in the United States have decided that it would be a good idea to move to a low-income tax state—or to a no-tax state—to save money. While it may sound like a good idea—it’s time to find out—is it worth it? An article from The Washington Post reported that the states that have…
The Savings Game: Taking RMDs in stock
By Elliot Raphaelson From Tribune Content Agency IRA expert Ed Slott (irahelp.com), in a recent article, discussed an option for required minimum distributions (RMDs) that most investors are not aware of. When investors see the value of their equities fall, they don’t like selling shares in order to take required minimum distributions. Slott pointed out…
Raising Taxes on Rich Results in Adverse Effects and Doesn’t Pay in the Long Run, Study Shows
Policies to increase taxes on the rich are often proposed, but penalizing those who create wealth doesn’t pay in the long term and could threaten Canadian prosperity, according to a recent study by an independent public policy think tank. Titled “Choking Hazard: The Adverse Effects of ‘Eat the Rich’ Policies” and conducted by the Montreal…
Pennsylvania Man Has Not Filed Income Taxes in 17 Years
The Pledge of Allegiance states that America is “one Nation under God, indivisible, with liberty and justice for all.” Liberty, the dictionary says, is living free from oppressive restrictions imposed by authority on one’s way of life, behavior, or political views. Pennsylvania author Barry Durmaz says he is living his life in liberty. That means,…
Greater Danger Means Less Pay
September 21, 2022
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Commentary When President Joe Biden and the Democrats proposed hiring 87,000 new Internal Revenue Service agents (but no new Border Patrol agents) it was a pretty good indication that they were more interested in policing Americans than stopping illegal immigration and securing the border. But if you look a little deeper, you find that this…
How Do the Very Rich Pay Less In Taxes?
Have you ever wondered how the rich can earn so much money and pay so little in taxes? It may seem unfair. Warren Buffett, for instance, has openly said that he pays a lower tax rate than his secretary. The rich have quietly kept the secret to themselves. The secret is out now, and here…
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