This Week in Waste highlights how taxpayer dollars are being wasted on the local, state, and federal levels.
Carried Interest Taxes Should Not Be Raised
Raising taxes on carried interest should not occur because it would stifle investment and economic growth.
The Hidden Taxes on Internet Service
The imposition of state and local taxes on accessing and using the internet was supposed to be resolved, yet local governments continue to attempt to subvert this prohibition. The effort to prevent these taxes from being adopted began when the Internet Tax Freedom Act of 1998 (ITFA) established a moratorium on state and local internet access taxes, “bit taxes” levied on the amount of data streamed, and taxes on specific services such as email or messaging. ITFA also prohibited discriminatory transaction taxes on e-commerce vendors and their customers which would […]
Sen. Warren Again Shows Her Ignorance of Private Equity
If Sen. Warren’s effort is successful, it would undermine a vital and extremely successful industry.
The Future of the Universal Service Fund
To save taxpayer dollars, Congress should look at revamping the USF program instead of trying to expanding its contribution base.
Fairfax County Supervisors Consider Raising Taxes on Food while Raising their own Salaries
Board Chairman Jeff McKay gave himself a 45 percent raise – now calls for a “meals tax” at the highest rate in Northern Virginia.
The IRS Continues to Live Down to its Reputation
If past is prologue, IRS’ latest effort to stymie competition among tax preparers will end in user dissatisfaction and lawsuits
House Passes Bill to Extend Parts of TCJA
The tax package extends and reforms several provisions that would increase business investment and economic growth.
IRS Errs in Moving its Own Tax Preparation System Forward
The Direct File program is another step in the IRS expanding its authority.
The IRS Moves Ahead With Confusing and Burdensome 1099-K Form
Restoring the previous 1099-K threshold would save taxpayers from unnecessary paperwork and greater confusion.