The Internal Revenue Service (IRS) issued an alert to taxpayers on Tuesday, reminding them that they must report all digital asset-related income and answer a new digital asset question on their 2022 federal income tax return or face consequences such as delayed refunds or even penalties.

 

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Some California politicos are proposing an additional “wealth tax” on the state’s richest residents.

And while many of you will laugh at my pain, the Democrats want this tax enacted nationally…so it concerns you, too.

When Sen. Joe Manchin (D-W.Va.) this weekend endorsed bolstering Social Security by ending a payroll tax exemption for the rich, he was backing a proposal pioneered by progressive lawmakers more than two decades ago.

The question now is whether President Joe Biden — who has pushed Social Security cuts in the past and whose new chief of staff touted such cuts — will seize the opportunity to shore up the system’s revenue, or instead try to strike a deal with Republicans to slash the program.

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California lawmakers are pushing legislation that would impose a new tax on the state's wealthiest residents — even if they've already moved to another part of the country.

Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California State Legislature that would impose an extra annual 1.5% tax on those with a "worldwide net worth" above $1 billion, starting as early as January 2024.

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The Internal Revenue Service (IRS) has issued an alert to taxpayers, encouraging them to adjust their 2023 withholding so as to either avoid effectively giving the government an interest-free loan of their money or face the prospect of penalties and interest if too little tax is withheld.

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The Republican Party has proposed a bill that would eliminate the need for the Internal Revenue Service and the need to pay income taxes.

The idea hits at the heart of the Democrat's lust for money.

President Joe Biden did not take long to speak out against the bill. He promises to veto the bill if it ever makes it to his desk. He cannot seem to bring himself to give Americans a break.

Hunter Biden recorded monthly rent payments of $49,910 while living at President Joe Biden’s residence, according to a document unearthed by New York Post’s Miranda Devine.

On a document titled “background screening request,” it appears Hunter paid $49,910 in monthly rent for one year while living at Joe Biden’s Delaware residence, where the president kept classified documents alongside his Corvette in the garage.

Hunter listed his rental tenancy from March 2017 to February 2018, the document shows. The document is signed July 2018.

It looks like somebody might be a tax cheat, and the question is whether it’s Presidentish Joe Biden, his son Hunter Biden — or both.

On the Schedule E portion of his 2017 tax forms, Joe Biden reported $19,800 in “rents received,” and none in 2018, according to information reported on Sunday by Breitbart’s Wendell Husebø.