Taxation

Tax Rates Set to Become a Divisive Issue In 2020

Tax

Democrats and Republicans traditionally disagree on matters of taxation, with Republicans preferring less of it and Democrats more. This divide may be bigger than ever now. One of the governing principles of modern governments is that those who earn more must pay more, not just in terms of nominal amounts but also pay a higher […]

Democrats Kick Around Idea of Securities Transaction Tax

Securities Transaction Tax

Some congressional democrats may find the idea of a punishing tax on securities transactions appealing, but this once again demonstrates their financial ignorance. There are several members of Congress on the Democratic side that are all for looking to punish the wealthy through various new tax proposals such as higher taxes on very high income […]

Wealth Tax Proposals Spark Visions of Exodus

Wealth Tax

Many people resent the ultra-wealthy, especially those with a billion dollars or more of it. If we want to force these people to live in other lands, we can, but do we want to? In the wake of the splash that rookie Congresswoman Alexandria Ocasio-Cortez recently made in the media with her proposal of a […]

The Pitfalls of Preparing Your Own Tax Return

Tax Return

While we may think that paper returns are a thing of the past, millions still rely on this. Paper filers are 20 times more likely to make mistakes on their return though. With another tax filing season upon us, it is also time to reflect upon the potential pitfalls out there when preparing your return, […]

Ray Dalio Warns of “Huge” Impact of 70% Tax Rate

Ray Dalio

Alexandra Ocasio-Cortez sees herself as a real champion of the people. Raising tax rates is a double-edged sword though, and we need to be wary of the side of it facing us. Newly minted Rep. Alexandria Ocasio-Cortez has come to Congress with a mission. Sure, a lot of representatives do, but Ocasio-Cortez is particularly passionate […]