Joe Perticone, provided by Published 7:37 am PST, Saturday, January 5, 2019 Chip Somodevilla/Getty Images Democrats are planning to use their authority on the House Ways and Means Committee to obtain President Trump's tax returns. Trump is the only president since 1976 that has not released his tax returns for public scrutiny. The committee might not make any formal request for weeks or months, despite being back in control of the House. WASHINGTON — President Trump is the only president since 1976 to keep his tax returns private, making Democrats eager to obtain the documents. But progressive lawmakers may not get their wish immediately, despite now being back in control of the House and more importantly, the Ways and Means Committee. There are a number of reasons why the process might take some time. One reason is that Democrats might wait to even formally request the returns through a law that allows certain committee heads to compel the Treasury Secretary to … [Read more...] about Democrats warn that a formal request for Trump’s tax returns may not come quickly
Progress of tax return
Gary Fineout, Associated Press Updated 3:55 pm PDT, Friday, October 19, 2018 Gubernatorial Democratic candidate Andrew Gillum speaks to a packed music center during a town hall at St. Petersburg College in St. Petersburg, Fla., on Friday, Oct. 19, 2018. (Octavio Jones/Tampa Bay Times via AP) less Gubernatorial Democratic candidate Andrew Gillum speaks to a packed music center during a town hall at St. Petersburg College in St. Petersburg, Fla., on Friday, Oct. 19, 2018. (Octavio Jones/Tampa Bay Times ... more Photo: Octavio Jones, AP Photo: Octavio Jones, AP Image 1 of / 1 Caption Close Image 1 of 1 Gubernatorial Democratic candidate Andrew Gillum speaks to a packed music center during a town hall at St. Petersburg College in St. Petersburg, Fla., on Friday, Oct. 19, 2018. (Octavio Jones/Tampa Bay Times via AP) less … [Read more...] about Florida governor candidate Gillum releases some tax returns
By Ali Raza Gilani Published: October 1, 2018 0 SHARES Share Tweet Email Instead of rolling back disincentives to the non-filers, the government should keep the curbs on non-filers to buy vehicles and property. PHOTO: SHUTTERSTOCK As the government is mulling over sustaining the curbs on non-filers to buy automobiles and property that costs over Rs500,000, the time is ripe to make a case against the non-filer category. Any scheme that is directed towards eliminating this category will undoubtedly face a strong backlash from the non-filers. They would probably argue that making everyone a filer is unnecessary in a country where 24.3% of the population is living below the poverty line; it would introduce unwanted hassle of documentation for businesses and it would waste their man-hours doing tax calculations. Moreover, it would incur costs of hiring a tax consultant. More regulation means more government interference and hence, it would be bad for businesses. Yes, it would … [Read more...] about Pakistan’s black economy: The case of curbing the non-filer
If you like what you’ve seen Democrats do in the Brett Kavanaugh hearings, you’re going to love what they do if they win the 2018 midterm elections. They began by trying to prevent the hearings from taking place at all, interrupting repeatedly and demanding votes on frivolous points of order.Then they praised the left-wing radical “protesters” who disrupted proceedings. Then they broke the rules and released confidential information. Now, they want Kavanaugh to face a Kafkaesque show trial. The Democrats are doing their worst because a Supreme Court seat is at stake, and their base will accept nothing less. Yet they will do the same next year, if voters give them a chance to govern again. They intend on turning the House — or the Senate — into a Star Chamber that could make the McCarthy hearings look like a model of procedural fairness. They are not interested in oversight, any more than they want to hear from Christine Blasey Ford. They want to turn … [Read more...] about Blue State Blues: Kavanaugh Circus Is a Preview of Democrats’ Return to Power
Before you jump into this explanation of how cryptocurrency affects your taxes, check out our first article in this series: Bitcoin, explained.It's been a wild ride for cryptocurrency enthusiasts over the past few months. After ascending to a high water mark of $19,205 in December 2017, the world's preeminent cryptocurrency -- that's bitcoin -- shed more than half its value over the 60 days that followed. (As of mid-February, it's climbed back past $10,000.) Other virtual currencies, including Litecoin and ether, also saw precipitous drops.Now, in the wake of that dramatic swing, it's time to start thinking about taxes. The freewheeling universe of cryptocurrencies has so far mostly evaded the cumbersome, complex regulations customary in most other US financial markets. That's likely to change in 2018, however, given the SEC's closer scrutiny of virtual currencies. In fact, a number of state and federal agencies are increasingly concerned about the individual … [Read more...] about Wait, we have to file taxes on our bitcoin?