A new survey of over 1,000 Australians has highlighted the stress and barriers they face during tax time, with almost one in three finding the end of the financial year and tax submission time to be stressful, and a fifth preferring to pick up their pooches poop than complete their tax return. When asked to…
Cleaning Up after Dogs and Root Canals: What Australians Would Rather Deal With Than Their Taxes
Americans Loathe Federal Taxes More Than Ever: Poll
As income-tax refunds are down more than 7 percent from last year, Americans’ view of federal income taxes hit a two-decade low, according to a new poll released on May 19. The Gallup poll showed 60 percent of respondents believe the amount in federal income taxes that they pay is too high, a level last…
The IRS Rule That Most Home Sellers Don’t Know
Dear Monty: We recently sold our home. We have prepared and filed our tax returns in the past. Next year for our 2023 return, we are considering having an accountant file our return. Adding a home sale into the tax forms is a bit intimidating. Our primary concern is regarding what is tax deductible when…
Retirement and Estate Planning for Broke Individuals
You can help your relatives immensely by setting up an estate plan now, regardless of who you are. Essentially, whatever you own makes up your estate. These assets could be: Any property your own Whatever money you have in a bank account Stocks, bonds, and mutual funds invested through a taxable brokerage account A Roth…
Real Patriots Cut Taxes, Not Raise Them
Commentary On Tax Day this year, about a dozen left-wing millionaires joined with some of the most liberal Democrats in Congress for a Washington, D.C., press conference. The luminaries included Abigail Disney, Walt Disney’s granddaughter, and former BlackRock whiz kid Morris Pearl. The group argued that it wants to pay more taxes and urged new…
Federal Carbon Taxes Higher While Greenhouse Gas Emissions Increase: Government Data
April 19, 2023
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Greenhouse gas (GHG) emissions on a national level have increased, despite the federal government’s carbon tax, according to government data. Environment Canada, in a National Inventory Report statement, said “emissions increased by 12 million tonnes,” which, according to Blacklock’s Reporter, contradicts Environment Minister Steven Guilbealt’s claim that “our plan is working.” Emissions across Canada have…
How Enormous Boost in IRS Funding Is Warping Tax Agency’s Priorities
Commentary The IRS released its strategic operating plan on April 6, describing its intentions for spending the nearly $80 billion of supplemental funding it’s receiving under the so-called Inflation Reduction Act. The report was 48 days late beyond the Feb. 17 deadline the IRS was given and only included funding and staffing details for two of the required nine…
IRS Raked in Nearly $5 Trillion in Taxes From Americans Last Year
The Internal Revenue Service (IRS) has released data on its operations showing that, during the 2022 fiscal year, the agency collected close to $5 trillion in taxes while the share of Americans saying that it’s not at all acceptable to cheat on income taxes dropped to six-year low. According to the agency’s newly released Data Book,…
ANALYSIS: IRS Under Biden Taxing Americans More Than Trump
The amount of taxes collected from Americans under President Joe Biden has soared compared to former President Donald Trump’s tenure, while tax enforcement has also risen, an analysis of Internal Revenue Service (IRS) data shows. The IRS collected a total of $4.9 trillion in taxes for fiscal year 2022 (Oct. 1, 2021 to Sept. 30, 2022), according…
Americans Only Have a Few Days Left to File Income Taxes: Here’s What You Need to Know
The clock is ticking: there are about four days to go until tax day, which lies on Tuesday, April 18. The IRS has said that if one’s tax returns contain no errors or potential red flags, a refund should be delivered within 21 days if the taxpayer files electronically and wants the money directly deposited…
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