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Progressives’ tax-the-rich dreams fade as Democrats struggle for votes

Progressives’ tax-the-rich dreams fade as Democrats struggle for votes

Progressive Democrats, who had hoped unified party control of the government could spur transformative tax increases on multinational companies and wealthy individuals, look like they will have to settle for a more modest outcome.

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Want Social Security to Last? Here’s How Much Your Taxes Could Rise

Want Social Security to Last? Here’s How Much Your Taxes Could Rise

Currently, Social Security is taxed at a rate of 6.2% each for employers and employees, up to a maximum of $142,800 in wages for 2021. This makes the total Social Security tax rate 12.4%, ...
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Companies are rapidly leaving California, study finds; Here’s where they are going

Companies are rapidly leaving California, study finds; Here’s where they are going

If you do B2B with large companies, particularly tech, this article may be of interest to see where some are going. California-based companies are moving out of the state at an accelerating rate this ...
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Got an IRS ‘math error’ letter in the mail? Here’s what’s going on

Got an IRS ‘math error’ letter in the mail? Here’s what’s going on

Millions of Americans are finding they owe the Internal Revenue Service more than they thought for their 2020 taxes. The tax agency has sent out some 11 million “math error” notifications to taxpayers, more ...
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Congress may change how tax preparers are regulated. Why that matters

Congress may change how tax preparers are regulated. Why that matters

Federal Covid-19 relief programs have prompted millions of Americans to file tax returns, some of whom are submitting that information for the first time. While they may turn to tax return preparers for help, ...
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