White House Wants to Cut Capital Gains Tax

White House Wants to Cut Capital Gains Tax

Fresh off the accolades for last year’s tax cuts, the Trump administration is mulling another one. This time the target is the capital gains tax, which the administration may try to reduce without approval from Congress by changing the definition of investment profits to take inflation into account. The capital gains tax applies to profits […]

Philadelphia Wants To Tax Housing Construction to Make Housing Cheaper

Philadelphia Wants To Tax Housing Construction to Make Housing Cheaper

Philadelphia is hoping to join the growing rank of cities that seek to bring down housing costs by piling more taxes and fees on new housing development. This week the Philadelphia City Council is expected to impose a 1 percent tax on new construction projects in the city. The tax is supposed to raise roughly […]

Seattle Now Wants to Repeal Controversial Amazon Tax

Seattle Now Wants to Repeal Controversial Amazon Tax

Less than a month after unanimously passing a literal tax on jobs, the Seattle City Council is looking to reverse course. Yesterday Seattle Mayor Jenny Durkan, along with seven of nine city councilmembers, released a statement announcing their intention to repeal the controversial employee head tax. “It is clear that the ordinance will lead to […]

Inflation is a Vicious Tax & The Fed Wants More Of It!

The central planners at The Federal Reserve released their most recent minutes, and guess what they want? Higher prices! They want inflation to run hot. So while Americans clock into their jobs (for the same amount of money) the central planners are manipulating the economy to drive the costs of everything up! Isn’t that nice […]

Mother of Two Wants to Recall Her Eggs|Humor

Mother of Two Wants to Recall Her Eggs|Humor

Seattle, Wa – A mother of two was so disappointed with her children that she wanted to recall her eggs. “They just didn’t turn out the way I had hoped,” she confided, after neither child called her for Mothers Day. “All I got was a text from my son asking for money. Shouldn’t we expect […]

“Pull the Plug!” Taxpayer Group wants Comatose State Pensioner Euthanized|Humor

“Pull the Plug!” Taxpayer Group wants Comatose State Pensioner Euthanized|Humor

Sacramento, CA. A group of conservative California taxpayers asked a state court to remove all medical support that now keeps a 101-year-old retired state worker alive in a permanent comatose condition. Their request has sparked renewed debate over the state's growing unfunded pension obligations, with some calling for an end to pensions entirely. Alfonso Perez, […]

Who Leaked the Dozens of Questions Mueller Wants to Ask Trump — and Why?

Pledge your support for ethical, insightful independent media: Make a tax-deductible donation to Truthout and choose the “monthly” option at checkout. Did Trump’s own legal team leak the questions that the president is so upset about on Tuesday morning? While it appeared that perhaps nobody ever told President Donald Trump the old adage of the […]

When It Comes to Taxes, the Government Always Wants More

The cable bill was the last straw, says Kristin Tate. “That’s the one that really made me mad.” Comcast included $ 36 in charges for mysterious things like “utility tax” and “government access fee.” That motivated her to research obscure taxes and put what she learned in a new book, How Do I Tax Thee? […]