Tag: taxes

‘Practice What You Preach’: Tucker Battles Prof Who Wants Higher Taxes For Rich

‘Practice What You Preach’: Tucker Battles Prof Who Wants Higher Taxes For Rich

Featured, Politics, Videos
On tax day, most Americans send the government 10 to 40 percent of their income to fund the bureaucracy, and one professor says that's not enough for some tax brackets. Occidental College Professor Caroline Heldman wants the "one-percent" to pay taxes at rates of 80 percent or more, saying they don't yet pay "their fair share." Heldman said on "Tucker Carlson Tonight" that ultra-wealthy individuals paid as much as 90 percent in taxes under Presidents Eisenhower and Kennedy. [embed]https://www.youtube.com/watch?v=jh57Kj72-G8[/embed] She said that returning to these high tax rates would ensure a proper social safety net and education system. Tucker Carlson countered that Americans already pay more than most other countries in the world for social programs and schooling. "Rich pe...
These 6 Taxes Could Go Away Under President Trump

These 6 Taxes Could Go Away Under President Trump

Featured, Politics
There aren't many Americans who enjoy thinking about their taxes, but the truth of the matter is that tax planning throughout the year can make your life a whole lot easier come tax time. Tax planning is especially important considering that about 80% of all Americans receive a refund from the federal government in a given year. A simple adjustment of your federal tax withholding, for example, could result in your getting a raise with each paycheck, as opposed to waiting until next year to get a lump-sum refund from the IRS that earned no interest. However, tax planning in America is probably a few months away from a big shift, and consumers should be aware of it. Electing Donald Trump as president came as a surprise to many Americans, and his policies could throw a curveball into ...