Inflation Reduction Act Will Restore IRS Staffing To 1995 Level By 2026

WASHINGTON, DC – AUGUST 4: (LR) Sen. Mitt Romney (R-UT) talks with Sen. Kyrsten Sinema (D-AZ) … [+] outside the US Capitol August 4, 2022 in Washington, DC. Negotiations continue on the Senate budget reconciliation deal, which Senate Democrats have named The Inflation Reduction Act of 2022. The bill is expected to include $370 billion … Read more

If Elon Musk Settles With Twitter, Taxes Will Play A Part

Elon Musk’s Tweet displayed on a screen and Twitter logo displayed on a phone screen (Photo … [+] illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Elon Musk talks and tweets a lot about taxes, from how much he should pay on selling Tesla stock to high California taxes and why he … Read more

If Musk Settles With Twitter, Taxes Play A Part

It has been a wild ride, and it’s not over yet. First there was the offer by Elon Musk to buy the social media giant, the outrage, the pushback and more. Eventually, there was the deal struck for the Tesla TSLA tycoon to pay $44 billion for the platform. Famously feisty Musk complained about bots … Read more

Will Slumping Stocks Doom Mark-To-Market Tax Reforms?

Business chart with red arrow down and dollars background. Loss money. Stock market crash 3d … [+] illustration. getty There’s nothing like watching an actual expert school a snarky columnist on Twitter. It happened last week when Samuel D. Brunson, a law professor at Loyola University Chicago, explained some basic income tax to Matthew Yglesias, … Read more