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President Biden just proposed $4.7 trillion in tax increases on businesses and individuals, raising U.S. tax rates to some of the highest in the developed world.
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Big government means higher taxes and slower economic growth for all Americans.
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As for billionaires paying lower tax rates than schoolteachers and firefighters, data from President Biden’s own Treasury refutes the idea.
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The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to 'pay back' pensioners is just creating a new group of tax victims.
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IRS management has tended to view its role as chasing tax cheats, not helping people navigate the confusing tax code.
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(Temporary) victory! The IRS has paused its intrusive demand that all payments amounting to $600 be reported to the government.
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The IRS report suggests that the tax gap—which is the amount of federal taxes owed but not paid—is not a major problem.
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Can you change income tax regimes while filing revised ITR? Else, she can also opt for new income tax regime by foregoing those commonly availed deductions. However, what if an individual has opted for one tax regime while filing ITR and wants to opt another one while revising ITR
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Common ITR form for all taxpayers: What's new in proposed income tax return form? The proposed common ITR is aimed at eliminating this process. Will it ease the ITR filing process for common taxpayers? Let's find out
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Paying Rent to NRI landlord? Deduct TDS, else pay penalty Remember under the income tax laws, as a tenat if you fail to deduct tax, then you will be liable for penal consequences. Read on to know the income tax rate at which taxes are to be deducted and how to deposit them with the government