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The IRS has said it will audit more high-income earners beginning in 2025. This step is part of the agency’s effort to close the tax gap, ensuring that wealthy taxpayers obey the tax laws and remit what they owe. For high earners, that might translate into the IRS giving their tax filings and finances more scrutiny. The IRS has…
“Billionaire hedge fund boss Ken Griffin sues IRS for leak of his tax returns” Billionaire hedge fund manager Ken Griffin has filed a lawsuit against the Internal Revenue Service alleging that someone at the agency illegally leaked his tax returns to the news site ProPublica last year. Griffin, the founder and CEO of Citadel, accused…
“Why Dems oppose voter ID — yet push ID cards for illegal migrants” During recent election seasons there has been a debate over whether a voter must present an identification card to cast a ballot and, if so, what type? Congressional Democrats are considering legislation that would provide secure identification cards, not to US citizens…
“Government hides money for illegal immigration in charities” If you’re a taxpayer — in New York or anywhere in the US – you’re getting scammed by groups like United Way, Catholic Charities and the Central American Refugee Center (CARECEN). You may think these are charities. Truth is, these groups are hauling in millions in taxpayer…
“Over $200K being spent on drag queen shows at NYC schools” New York is showering taxpayer funds on a group that sends drag queens into city schools — often without parental knowledge or consent — even as parents in other states protest increasingly aggressive efforts to expose kids to gender-bending performers. Last month alone, Drag…
“Gov. Hochul argues Buffalo Bills deal isn’t majority-taxpayer funded” ALBANY – Gov. Kathy Hochul argued Monday that taxpayers won’t foot a majority of the bill for the controversial Buffalo Bills stadium deal — even though independent watchdogs have estimated the plan could cost up to $1.13 billion in state subsidies. “It is not majority taxpayer-funded…
“#Disgraced Cuomo eligible for $50,000 state pension” Gov. Andrew Cuomo’s fall from grace will come with a nice golden parachute in the form of a $50,000-per-year lifetime pension that he will remain eligible for despite his resignation — provoking outrage from the disgraced executive’s critics. The windfall for Cuomo, who announced his resignation on Tuesday…
“#While allegedly harassing women, Cuomo also abused state resources” The saga of Gov. Cuomo’s downfall attracts prurient interest. But strip away the supposedly titillating details — which weren’t so titillating to the near-dozen women who allegedly experienced them — of New York Attorney General Letitia James’ 168-page investigative document into Cuomo’s workplace behavior, and you…
“#Biden’s ‘death tax’ threatens to hit New Yorkers especially hard” There’s no escaping death and taxes — and under President Biden’s tax plan, the so-called “death tax” is poised to pack a wallop for New Yorkers. The White House’s proposed tax law will for the first time treat inheritance tax as a capital gains event,…
“#How taxes made margarine pink, ships sink, and more odd results” On Wednesday, President Biden announced his $2 trillion infrastructure package, and part of the plan includes raising taxes on corporations and “high earners.” It’s just the latest example of a government struggling to calibrate taxes so that they land fairly on the most well-off…