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🏷️ #US #TaxCode #Income #Wages #Inheritance #Wealth #Loopholes #TaxPolicy #Taxrates #PayrollTaxes #RegressiveTaxes
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Hacker NewsThe time bomb in the tax code that's fueling mass tech layoffs
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502
#HackerNews #techlayoffs #taxcode #employment #crisis #economicimpact #innovation #news
Nonilex#Trump already has the weight of the #ExecutiveBranch behind his efforts to strip funding from top #universities, #deport millions of unauthorized #immigrants & pressure #ForeignGovernments to change their economic policies.
With the sprawling bill that passed through the #House on Thurs, #Republicans are also preparing to enlist the #TaxCode as another tool against Trump’s political foes.
#law #RevengePolitics
https://www.nytimes.com/2025/05/23/us/politics/republicans-taxes-trump-opponents.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=D8897650-C8DC-4320-B385-DFA3B3D729D8
Church of Jeff#NoBillionaires #TaxTheRich #EatTheRich #GuillotinesWork #TheDailyShow #Poverty #EndPoverty #TaxCode
“Poverty, by America” author Matthew Desmond shares how the US could end poverty if the top 1% of Americans just paid the taxes they owed
The Times Of Central Asia | Eurasian Publication & News OnlineKazakhstan’s Lower House Passes Controversial New Tax Code Amid Public Backlash
qwickeningYES. THIS. It hasn't always been this way. In the 70's the tax code wasn't completely upside down like it is now. There is a better way - and we need to implement every step towards it now before it is too late. (And it might be - because the oligarchs are currently winning, folks.) #taxcode #waleg
RE: https://bsky.app/profile/did:plc:42i4v2lgzmfvdcoekjgm5eru/post/3lnmd3zie7c2l
RE: https://bsky.app/profile/did:plc:42i4v2lgzmfvdcoekjgm5eru/post/3lnmd3zie7c2l
Linda, hanging on by a thread#TaxCode a bazillion pages long; the IRS says, do it right or we will fine you! Because we know what you owe! But we’re not telling you!
This toot sponsored by “Underpayment of Estimated Tax by Individuals Penalty”.
Because apparently paying taxes in April like I have been doing for 40 years is not soon enough.
#Stupid
#FlatTaxForAll
JainUnion Budget 2025-26: New Income Tax Bill to be introduced!
🔹 Clear & direct text, nearly half the size of current law
🔹 Simplified structure for better understanding
🔹 Aims to enhance tax certainty & reduce litigation
#IncomeTax #Budget2025 #TaxReforms #Finance #TaxCode
🔹 Clear & direct text, nearly half the size of current law
🔹 Simplified structure for better understanding
🔹 Aims to enhance tax certainty & reduce litigation
#IncomeTax #Budget2025 #TaxReforms #Finance #TaxCode
⚯ Michel de Cryptadamus ⚯the giant pot of bitcoins bought with leverage and the money of retail suckers that masquerades as a company known as #MicroStrategy (#MSTR) has a massive tax problem and has run to the IRS for help. They teamed up with #Coinbase and wrote a 76 page Very Angry Letter about how they cannot possibly be expected to follow the tax code as written.
(tl;dr the value of their bitcoins went up and they don't want to pay taxes on them despite taking an absolutely *massive* tax impairment a year or two ago when their bitcoins had gone down)
For bonus points consider that the CEO of MicroStrategy #MichaelSaylor was personally busted for massive tax fraud and had to pay a $51 million fine just a few months ago.
* WSJ: https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04
* no paywall: https://archive.ph/U4LQC
* 76 page letter: https://legacy.www.documentcloud.org/documents/25504499-coinbase-and-microstrategy-letter-to-the-irs-2024-0046-0028_attachment_1
#IRS #taxes #crypto #cryptocurrency #MichaelSaylor #uspol #taxcode #tax #finance #economics #stockmarket #bitcoin #btc #corruption
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