The Federal Government collected $90 Billion more even though 80% of Americans received a Tax Cut. Yahoo: Despite the majority of Americans receiving a tax cut, the IRS pulled in an additional $93 billion for 2018 from taxpayers on individual income taxes than it did for 2017, according to new data from the IRS. This is […]
The Introduction of The Apprentice admitted that Donald Trump was in debt during the ’80s and ’90s which means that the New York Times scoop was already public. Dear NY Times, The Main Stream Media, and Liberals, There is a “scoop” in the NY Times, which showed Trump lost billions of dollars during the 80’s […]
President Trump took to Twitter confirming that the New York Times tax story was old news and basically a non-story. Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost […]
Breitbart New’s Joel Pollak destroyed the New York Times over there nothing burger report regarding Trump’s business loses from 1984-1996. So we’re supposed to care that @realDonaldTrump had some tax losses… 30 years ago. The economic illiterates at @nytimes think that means he was bad at business… hello? He got through that, and *grew* his […]
Over 50 Million Americans paid zero dollars or less in Income Taxes in 2016. CNS: Of the 150,272,157 tax returns filed for the 2016 tax year, 50,219,667—or 33.4 percent–were classified by the Internal Revenue Service as “nontaxable returns,” meaning the people who filed them paid $0 or less in income taxes, according to data published by […]
Republicans have introduced legislation that would push to make Tax Cuts permanent for individual tax payers. The Hill: This week, House Republicans are poised to release what they are calling “Tax Reform 2.0,” their update to last December’s massive rewrite of the tax code. GOP leaders promise a floor vote by the end of the month. As […]
House Republicans are considering abandoning the second round of Tax Cuts due to fears of losing ground in high tax states. Bloomberg: House Republicans had planned to use a second phase of tax cuts to force Democrats into a difficult vote ahead of mid-term elections. Now, party leaders may drop the effort, fearing it could […]
A new report from The New York Times outlines the Trump Administration’s plans to make changes to the Capital Gains Tax. NYT: The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition […]
