“New Years’ Nightmare”: IRS Targets Gig Workers, Sends 30 Million New Tax Forms
By Naveen Athrappully A new IRS tax on gig workers would result in additional documentation that will create confusion among individual taxpayers as the agency…
Tax
US Post Office Loses $6.5 Billion, Postmaster Blames Inflation And Junk Mail
By Mike Shedlock, MishTalk The post office expected to make money this year. It did not come close. Let’s investigate why… Postmaster Blames Inflation CNN…
Biometric Authentication Pilot for Online Tax Registration Begins in India
By Ayang Macdonald A pilot that will require Indians to submit their biometrics while registering for a new Goods and Services Tax (GST) number on…
Congress Sneaks In Stealth $34,000 Pay Raise; Gaetz, AOC Among More Than 200 Lawmakers To Benefit
By Tyler Durden As House Democrats were set to hand power over to the Republicans following their midterm loss, they slipped a provision into the…
House Weaponization Panel Gets IRS To End “Abusive” Surprise Visits; Taibbi Thanks Jim Jordan
By Tyler Durden House Republicans on the GOP’s “weaponization” subcommittee said in a Friday report that the IRS has agreed to end its “abusive” policy…
Which Countries Receive The Most Foreign Aid From The US?
By Tyler Durden The United States provided more than $50 billion in aid to over 150 countries and territories, regional funds, and NGOs in 2021. Each year,…
Microsoft Must Pay $28.9 Billion In Back-Taxes
By Tyler Durden “That’s a nice little business you got there, it would be a pity if the IRS confiscated it…” In an 8K filed…
Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
Op-Ed by Jeremy Powell Whether you’re a conservative or libertarian, the notion of government shutdowns is no longer an alien concept considering that Washington managed…
Californians To Pay 18% Tax On Firearms, Ammo After Anti-Gun Lawmakers Strike
By Tyler Durden Two weeks ago, the California Legislature passed a new excise tax on the sales price of all firearms, firearm precursor parts, and…
IRS Hiring Another 3,700 Tax Enforcers, Watchdog Warns Those Earning Under $400,000 Could Be Targeted
By Tom Ozimek IRS hiring 3,700+ tax enforcers to audit higher earners but a watchdog worries about audits for those under $400,000 due to unclear…
IRS Launches “Sweeping, Historic” Tax Enforcement Crackdown Using AI
By Tom Ozimek The Internal Revenue Service (IRS) has announced that, thanks to a new funding boost, it’s launching a “sweeping, historic” tax enforcement initiative…
Why Are US Tax Dollars Still Flowing to Animal Testing Labs in China?
By Jon Miltimore In May, the U.S. National Institutes of Health (NIH) did something extraordinary. The agency quietly scrubbed the Wuhan Institute of Virology from its…
IRS Headcount Approaches Decade-High Of More Than 90,000 Full-Time Employees
By Tyler Durden After a hiring spree to the tune of 13% YoY, the IRS now has the most employees in over a decade at…
The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway.
By Doug French After ninety-nine years in business, Yellow, one of the nation’s biggest trucking companies, shut down. The company has more than twelve thousand…