taxes
The US Treasury is Pinched for Cash and Wants Bitcoin Miners and Traders to Pony Up
Joe Biden’s 2024 budget wants higher taxes on Bitcoin mining firms, more IRS surveillance, and wants to ax tax-loss harvesting for crypto traders. At a staggering $31.6 trillion, the United States is the single most indebted entity in the history of Earth. Unless there are still some highly leveraged firms on Jupiter HODLing trillions in…
Democratic Presidential Debate: How did consumer choice fare?
With the 2020 presidential race running on full steam, 12 Democratic candidates for president participated in yet another televised debate last night in Ohio. Considering consumers will be directly impacted by many of the policies mentioned, here’s a breakdown by categories mentioned by the candidates and our own spin on how it relates to consumer…
Why should banks pay taxes while credit unions get a break?
In Springfield, Missouri in August, President Donald Trump laid out the core motivation of his comprehensive tax plan: fairness. If Congress and the administration are serious about making America’s tax structure fairer, their first action should be to end the free ride enjoyed by large credit unions at the expense of banks and taxpayers. While…
What Has Government Done to Our Tips?
Desperate IRS on Mission to Squeeze Tip-Income Jobs By Yaël Ossowski | PanAm Post Waiting tables is hard work, but it’s especially hard when Uncle Sam is on your back. On January 1, the Internal Revenue Service of the United States began taxing automatic gratuities intended for employees in service jobs. This rule change mandates payroll withholding for the tips that…