The $7,500 tax credit is going to many buyers who don’t qualify. Federal subsidies for electric vehicles are an income transfer to the affluent, and now comes news that significant numbers don’t qualify.
Economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have a new book that has generated an enormous amount of attention. One key conclusion: The richest 400 families
The Tax Cuts and Jobs Act (TCJA) significantly changed how families with children were treated under the individual income tax, but for many - changed what they owed in taxes very little. The (TCJA) doubled
It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit and
For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year
A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than working