Tax

Peter Schiff: Inflation Is Really A Tax

Via SchiffGold.com, Peter Schiff recently spoke at the January 2021 Virtual Money Show. He explained why the coming financial crisis will be much worse than 2008, and how the Federal Reserve and the US government are driving us toward this crisis with their inflationary monetary policy. Peter is well-known for predicting the 2008 financial crisis. Today…

Mississippi Lawmaker Introduces Measure to Remove Sales Tax on Sound Money

By Jp Cortez One of the states that’s still taxing real money is hoping to do something about it. Introduced by Representative Zuber (R-Jackson), House Bill 375 removes sales and use tax on purchases of gold, silver, platinum, and palladium coins and bullion in Mississippi. Under current law, Mississippi citizens are discouraged from insuring their savings against the devaluation of…

Here's How Much Your Income Will Change Under The Biden Tax Plan

While the market has so far focused exclusively on the temporary economic sugar high that the Biden fiscal stimulus will unleash on the US economy, which however may be far below Biden’s bogey of $1.9 trillion with Goldman now expecting just $1.1 trillion being enacted due to republican opposition, traders are starting to focus on…

IRS Sent "Millions Of Checks" To The Wrong Bank Accounts, Tax Preparers Claim

it’s incredible to think that while giving away trillions of dollars, the U.S. government may have misplaced some of it without anybody noticing. That is what several tax preparers are claiming; notable that the IRS has sent “millions of checks” to the wrong bank accounts. It’s a mistake the Feds are now working on fixing, according to…

5G Tax Applied to Smartphones Despite Slower Speeds and Increasing 5G Opposition, Bans, and Moratoriums

By B.N. Frank Just last month, PC Magazine advised Verizon phone users to turn off and/or disable 5G due to slow speed. In September, it was reported that AT&T’s 5G was slower than 4G in almost every city where it was tested.  In 2019, there were reports of T-Mobile 5G phones overheating and catching fire. Additionally,…

$15BN For Airlines, Corporate Meal Tax Breaks And Other Pork: What’s Inside The $900BN Stimulus Bill

By Tyler Durden With the latest $900 billion covid stimulus deal now done (which unless the Democrats win the Georgia Senate runoffs in 2 weeks will be the final covid stimulus bill according to Goldman), attention turns to what’s actually in it. First: the good news – the bill will include a fresh round of…

Why an Online Sales Tax Would Hurt All New Yorkers

By Max Gulker Imagine an extra $3 tax any time you order something online. That’s what two New York City officials are asking of New Yorkers in the name of “saving” the city’s financially troubled Metropolitan Transit Authority. John Samuelson, president of the Transport Workers Union, and state assemblyman Robert Carroll make their case in…

African Cocoa Farmers Accuse ‘Big Chocolate’ Of Circumventing Tax Meant To Help The Poor 

The Financial Times reviewed a letter, written by Ivory Coast and Ghana, think of both as cocoa’s OPEC, control about two-thirds of the world’s cocoa trade, outlined how both countries were angered by the blatant attempt of top chocolate companies and traders including Mars, Hershey, and Olam in their attempts to circumvent a premium on cocoa…

Tax Payer Funded Coronavirus Relief is Double the 2009 “Stimulus” Plan – Abuse, Fraud and Waste Exposed (Full Measure)

By B.N. Frank What’s troubling to many Americans: not that Coronavirus Relief is being distributed, but to whom and for what. From Full Measure: (Video posted below) TRANSCRIPT There’s more tax money going toward coronavirus relief than anything comparable. The amount is more than double the so-called “stimulus” plan in 2009. Today, who’s following the…

Argentina Approves “Confiscatory” Wealth Tax On Millionaires

By Tyler Durden In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the ultra rich to finance programs aimed at helping families hit by the…

Argentina Approves “Confiscatory” Wealth Tax On Millionaires

In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the ultra rich to finance programs aimed at helping families hit by the COVID-19 pandemic. In…

Deutsche Bank Proposes A 5% “Work From Home” Tax

By Tyler Durden At a time when the Fed is already monetizing the entire US budget deficit thanks to helicopter money, sparking conversations about the utility of taxation, and when a Biden administration is set to at least try and roll back most of the Trump tax cuts, the last thing the population wants to…