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WASHINGTON, D.C. – Today, U.S. Senator John Barrasso (R-Wyo.) introduced the Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act. This legislation would repeal the largest tax hike from the Democrats’ reckless tax and spending bill.
This complicated and arcane “Made-in-America” tax gives unprecedented power to unelected bureaucrats and special interest carve outs for Green New Deal subsidies, while eliminating ordinary and necessary cost recovery provisions for oil and gas production,” said Rep. Arrington. “I am proud to work with Senator Barrasso to introduce the RIP Book Minimum Tax Act to protect American competitiveness and working families from higher prices, fewer jobs, and lower wages.”The book minimum tax is an alternative minimum tax on the financial statement, or “book”, income of certain corporations.This flawed tax policy gives unelected bureaucrats the power to define taxable income and will raise taxes on American businesses by $222 billion.In addition, the book tax targets domestic energy production by making it more expensive to produce, which will raise costs for all Americans.
Subscribe to receive the latest news, insights, and updates directly to your inbox · WASHINGTON, D.C. – U.S. Rep. Kathy Castor (FL-14) today issued the following statement in response to President Donald Trump's executive order aimed at “dismantling the U.S. Department of Education:"
Don't fall for tax scams. Learn how to spot a scam and what to do.
Scammers target people over age 65 or nearing retirement for personal or financial information or money. Often, once you give them money, they ask for more. When scammers trick you to withdraw from your retirement account, it could affect your taxes.You can avoid falling for a tax scam.Scammers mislead you about tax refunds, credits and payments. They pressure you for personal, financial or employment information or money.A big payday - If it sounds too good to be true, it probably is. Bad tax advice on social media may convince you to lie on tax forms or mislead you about credits you can claim.
WASHINGTON, D.C. – Today, House ... massive tax cuts to billionaires. CHAIRMAN AGUILAR: Thank you so much, Michael. I appreciate being here and very much appreciate hearing the stories of Mary Beth and Mary Carol. It just reiterates the chaos and the confusion that you see here in Washington, D.C.—with House Republicans fighting Senate Republicans, and House Republicans fighting each other. It just can’t compare to the chaos caused by the Republican Rip ...
WASHINGTON, D.C. – Today, House Democratic Caucus Chair Pete Aguilar joined House Budget Committee Ranking Member Brendan Boyle, New Democrat Coalition Chair Brad Schneider, Congressional Progressive Caucus Chair Greg Casar and Representative Veronica Escobar for a press call with Families Over Billionaires on how the House Republican budget does nothing to lower costs and instead harms Americans by gutting Medicaid and food assistance, all while handing massive tax cuts to billionaires. CHAIRMAN AGUILAR: Thank you so much, Michael. I appreciate being here and very much appreciate hearing the stories of Mary Beth and Mary Carol. It just reiterates the chaos and the confusion that you see here in Washington, D.C.—with House Republicans fighting Senate Republicans, and House Republicans fighting each other. It just can’t compare to the chaos caused by the Republican Rip Off.Eliminating the Department of Education will close neighborhood schools and raise property taxes in Red States and Blue states. Inflation is rising because the Trump Administration cares more about renaming the Gulf of Mexico than in lowering costs. The Republican Rip Off will explode the deficit and add fuel to the inflation fire consuming far too many Americans.Dems.gov is the official website for Members of the Democratic Caucus in the House of Representatives. Dems.gov provides news and information about legislation, issues and resources.House Democrats want to cut taxes for working families. The American people deserve a little breathing room, but House Republicans are prioritizing their billionaire donors and friends—and we are prepared to fight this with every tool in our toolbox. Thank you so much.
The interest and dividends tax was the last income-based tax on the books and was eliminated by Legislature.
"This tax is dead in New Hampshire, and like all dead things it should stay dead, and not be resurrected to terrorize Granite Staters and lawmakers," Andrew Cline, president of the Josiah Bartlett Institute for Public Policy said in remarks alongside a mock coffin with the words RIP I and D Tax.In 2021, the GOP-controlled state Legislature approved the phaseout of the tax — which was paid mostly by the state’s wealthiest households — as part of the two-year state budget, cutting the rate from 5% to 4% in 2023 and down 3% in 2024.The Interest and Dividends Tax, approved in 1923, taxed dividends, distributions and interest from certain investments, with exemptions for interest and dividends earned by the most common retirement savings plans, including IRAs and other tax-deferred retirement plans, such as 401(k)s, as well as college savings plans.New Hampshire Republicans and conservative groups are celebrating the end of the state’s tax on income from interest and dividends, which expired at the end of the year.
Gerald J. Rip is a judge formerly serving as Chief Justice of the Tax Court of Canada. Born to Harry and Pauline Rip in 1940, Rip was a 1958 graduate of Outremont High School. His son is an Ontario lawyer. In May 2007, he spoke at the Canadian Petroleum Tax Society's conference, and in June 2009, he
Born to Harry and Pauline Rip in 1940, Rip was a 1958 graduate of Outremont High School. His son is an Ontario lawyer. In May 2007, he spoke at the Canadian Petroleum Tax Society's conference, and in June 2009, he was the opening speaker at the Canadian Tax Foundation's Toronto conference.Rip was appointed Associate Chief Justice of the Tax Court in September 2006, and was named Chief Justice on July 15, 2008. The appointment, by Stephen Harper, saw Rip replace Donald G.H. Bowman, and Rip's own role was filled by Eugene Rossiter.Rip was called to the Bar of Quebec in 1966, and was named Special Assistant to the Minister of Justice the following year. He joined the Department of Justice and focused on tax litigation until 1972.In 1973, Rip was admitted to the Law Society of Upper Canada, and joined Soloway, Wright, Houston & Associates in Ottawa, where he remained until his July 1983 appointment to the Tax Court.
See Advisory 2025-14 and Notice 2025-06 3) The definition of other tobacco products (OTP) has been expanded to include all products that are derived from tobacco or that contain nicotine, including tobacco-free nicotine pouches. Effective October 1, 2025, these products will be taxed as OTP.
If you have information about fraud or wrongdoing related to Rhode Island state taxes, reach out to the Fraud - Special Investigation Unit. You may report information anonymously by email or you may provide your contact information.The 2025 session of the Rhode Island General Assembly has resulted in many changes to Rhode Island tax statutes.Administering RI state taxes and assisting taxpayers by fostering voluntary compliance through education and ensuring public confidence.see Advisory 2025-13 and Notice 2025-05 Further details on the above and other tax changes are available in the 2025 Summary of Legislative Changes, and additional information will be issued as it becomes available.
“Senate Republicans apparently saw the House Republican tax plan as a challenge, because their version of this bill is an even bigger rip-off,” Senator Wyden said. “This bill will give the ultra-wealthy annual tax breaks of hundreds of thousands of dollars, but low-income families will ...
“Senate Republicans apparently saw the House Republican tax plan as a challenge, because their version of this bill is an even bigger rip-off,” Senator Wyden said. “This bill will give the ultra-wealthy annual tax breaks of hundreds of thousands of dollars, but low-income families will be lucky to get enough to cover groceries for a week.You are currently searching within the The Senate Republican Tax Plan: Officially Worse than the House Republican Tax Plan section.Washington, D.C. – The Republican megabill is an unprecedented handout to big corporations and the wealthy paid for by stealing from typical families and driving millions of Americans into hardship and misery. A new distributional analysis by the nonpartisan Joint Committee on Taxation of the tax provisions in the bill shows that the Senate Republican proposal is even more skewed in favor of the rich than the bill passed by House Republicans last month.According to JCT, a family earning $30,000 per year would get a tax cut of only $108 ($51 less than the House bill), while an ultra-wealthy earner in the top 0.1 percent would get $255,155 ($3,093 more than the House bill).
The term “RIT/RIF” refers to the refund you’re owed from the Canada Revenue Agency. Here’s how it works.
There is no better feeling than eyeballing your checking account and spotting a credit—especially for money you weren’t expecting. A common credit that Canadians find is “RIT/RIF.” This is a tax credit that the Canada Revenue Agency can direct deposit into your bank account.Or you might see it as the universe’s way of encouraging you to start investing. Maybe you can get a jump on this year’s Registered Retirement Savings Plan contribution for your retirement. Or maybe you’ll want to use the money before you’re old and instead invest through a Tax-Free Savings Account.RIT refers to refund of income tax.We can’t make doing your taxes fun, but we can make it free. With Wealthsimple Tax, you get accurate and easy-to-use filing software that helps you get the best rebate possible for as low as…
Rip-off fact #1 — Texas has the sixth highest property taxes of all 50 states. Rip-off fact #2 — Property taxes in Texas are rising three times faster than median incomes of Texans who must try to pay them. Rip-off fact #3 — Texas property taxes recently grew an average of 12 percent ...
Rip-off fact #1 — Texas has the sixth highest property taxes of all 50 states. Rip-off fact #2 — Property taxes in Texas are rising three times faster than median incomes of Texans who must try to pay them. Rip-off fact #3 — Texas property taxes recently grew an average of 12 percent in major areas of the stateRip-off fact #3 — Texas property taxes recently grew an average of 12 percent in major areas of the state – forcing one conservative publication to call it a “social crisis.” Rip-off fact #4 — A conservative state senator, after hearing 36 hours of testimony, commented: “Property tax bills are taxing property owners out of their homes and businesses”? Rip-off fact #5 — You or someone you know has almost certainly been personally impacted by excessive property taxes.This could include taxes you pay, higher rents, or increased prices due to property taxes on businesses. Rip-off fact #6 — A recent poll discovered that the number one priority of Texans was for the legislature to give us relief from rising property taxes. Rip-off fact #7 — The government can take away someone’s home – including homes of people living on fixed incomes – if they can’t pay increasingly high and rising property taxes.Rip-off fact #8 — The Texas Public Policy Foundation is actively engaged in educating lawmakers, grassroots Texans, and others about how to finally stop the property tax crisis and cut your property tax rates.
Don't let tax companies rip you off! Learn why you should hire an expert in tax resolution so you can get the best possible results. Click the button to
Learn why you should hire an expert in tax resolution so you can get the best possible results. Click the button to download the free infographic How To Avoid 4 Tax Resolution Company Rip Offs.In the free infographic, learn the top 4 tax resolution rip-offs so that you can find a qualified, competent tax resolution specialist.Complete the form below to get a free copy of the How To Avoid 4 Tax Resolution Company Rip Offs.Randall prepared my overseas taxes, and helped me to file my FBARs. He was honest, reliable, and very professional. There were many complex issues to sort out, with local tax codes and documents in another language. He did a great job of interpreting this information and asking the right questions, which saved time on my end, as well.
San Diego—Continuing his fight to stop scams against homeowners, Attorney General Edmund G. Brown Jr. today filed suit against two brothers who “ripped off homeowners” seeking help in reducing their property tax assessments. The brothers billed tens of thousands of homeowners throughout ...
San Diego—Continuing his fight to stop scams against homeowners, Attorney General Edmund G. Brown Jr. today filed suit against two brothers who “ripped off homeowners” seeking help in reducing their property tax assessments. The brothers billed tens of thousands of homeowners throughout California nearly $200 each for property tax reassessment services that were almost never performed and are available free of charge from local tax assessors.The brothers billed tens of thousands of homeowners throughout California nearly $200 each for property tax reassessment services that were almost never performed and are available free of charge from local tax assessors. “These scam-artists ripped off thousands of homeowners for property reassessment services readily available free of charge,” Attorney General Brown said.Brown’s suit, filed in San Diego County Superior Court against brothers Sean and Michael McConville and their businesses, “Property Tax Reassessment” and “Property Tax Adjustment Services,” seeks an end to the scam and at least $2.5 million in civil penalties.These Southern California-based companies targeted tens of thousands of Californians looking to lower their property taxes with mailers that read like government billing statements, featured official-looking logos and demanded hundreds of dollars in payments for reassessment and reassessment appeal services.
It's mid-April, and Karlyn Bowman — the astute public opinion analyst at the American Enterprise Institute — has noticed something significant. Tax Day "comes and goes without a ripple," she recently wrote.
Discontent with the income tax has ebbed. To buttress the point, Bowman cited intriguing survey data. A recent Gallup Poll found that only 1 percent of Americans rated taxes the nation’s top problem. In a Pew poll, respondents ranked “reforming” the tax system 16th out of 24 problems.From 1979 to 2011, the share of income taxes paid by the wealthiest 1 percent rose from 18 percent to 35 percent, and the share paid by the richest fifth (including the top 1 percent) rose from 65 percent to 88 percent, says the Congressional Budget Office. This reflects two factors: growing income inequality (the rich pay more because they have more) and lower tax rates on the middle class.Indeed, Gallup reports that roughly half of Americans think their income-tax burden is about right.Bush — most of which have been accepted by the Obama administration — have lightened the income-tax burden.
IRS is part of your life, so do your best to stay out of the crosshairs. And watch your IRS statute of limitations carefully.
It is tax filing season and whether you've started or not, it isn't pleasant. No one likes taxes, but they’re a fact of life. And while tax collectors throughout history have never been popular, they do an important job.That doesn’t mean you should invite them in if they come calling or that you have to knuckle under to changes they propose to your tax bill. It also doesn’t mean you should take undue liberties. In fact, if recent scandals teach you anything, it might be about the enormous power the IRS has.Even if you aren’t actively hiding anything and truly did your best, you might be worried. Taxes are complex, and the line between creative tax planning and tax evasion can be less clear than you might think. The IRS usually has three years after you file to audit you.The time on civil tax fraud is longer--no limit. And there are other no-time-limit cases too. But most criminal tax situations, say involving a false return under-reporting income or willfully fail to file, linger for six years.
State departments of transportation (DOTs) are facing funding challenges because state and federal fuel tax revenues are changing and becoming harder to accurately forecast. One of the factors responsible for changes is improvements in vehicle fuel economy.
RIP · View Record · Research in Progress · State departments of transportation (DOTs) are facing funding challenges because state and federal fuel tax revenues are changing and becoming harder to accurately forecast. One of the factors responsible for changes is improvements in vehicle fuel economy.TRT Terms: Alternate fuels; Automobile ownership; Cost allocation; Electric vehicles; Financing; Forecasting; Fuel consumption; Fuel taxes; Revenues; State departments of transportation; Vehicle miles of travel; Zero emission vehicles · Subject Areas: Energy; Finance; Highways; Planning and Forecasting; Vehicles and Equipment; Accession Number: 01901963 · Record Type: Research project · Source Agency: Transportation Research Board · Contract Numbers: Project 19-26 · Files: TRB, RIP ·For instance, more than a dozen states have adopted regulations through legislation or other government actions to rapidly scale down emissions of light-duty passenger cars, pickup trucks, and sport utility vehicles and require an increased number of zero-emission vehicles to meet air quality and climate change emissions goals. Six separate excise taxes are imposed to finance the federal Highway Trust Fund (HTF) program.Three of these taxes are imposed on highway motor fuels (gasoline, diesel fuel and kerosene, and alternative fuels) and generate the majority of the revenues dedicated to the HTF. The FHWA’s Highway Revenue Forecasting Model (HRFM) provides projections for a 20-year time horizon for HTF and new revenue sources.
Avoid Tax Relief Scams—How to Find Real Tax Relief Few financial issues are as stressful as unpaid taxes. The IRS can seize your assets, revoke your passport, and leave you financially destitute. That’s why the tax relief industry has grown so rapidly over the last 30 to 40 years—promises ...
Avoid Tax Relief Scams—How to Find Real Tax Relief Few financial issues are as stressful as unpaid taxes. The IRS can seize your assets, revoke your passport, and leave you financially destitute. That’s why the tax relief industry has grown so rapidly over the last 30 to 40 years—promises to handle state and federal tax issues sell, whether or not…Learn more about the warning signs of tax relief scams. Find out how to choose the right tax relief firm for your IRS or state tax concerns. Get help from Paladini Law today.At Paladini Law, we’re a tax law firm, not a tax relief company, and we focus on providing our clients with high-quality, personalized tax law services. If you’re struggling with tax problems, we can help you find the best solution for your situation. To help you find the best tax relief possible, this post outlines how tax relief services work and how to find legitimate help and avoid scams in this industry.An explanation of your current tax situation: No matter how simple or complex your tax problems are, having a tax professional lay out just how serious your issues are and what it will take to clear them up is helpful.
See Advisory 2025-14 and Notice 2025-06 3) The definition of other tobacco products (OTP) has been expanded to include all products that are derived from tobacco or that contain nicotine, including tobacco-free nicotine pouches. Effective October 1, 2025, these products will be taxed as OTP.
IFTA is an agreement among 48 U.S. states and 10 Canadian provinces. IFTA was created for truckers who frequently cross state lines on their routes. IFTA simplifies the accounting and payment of fuel taxes and relieves trucking companies of some paperwork.Any motor carrier based in Rhode Island and operating one (1) or more qualified motor vehicles in at least one (1) other IFTA member jurisdiction is required to file the Rhode Island Fuel Use Tax return (RI-IFTA-100).The RI-IFTA-100 tax return must be filed quarterly. To avoid penalty, the quarterly return must be filed by the last day of the month following the end of the quarter. This is true even if the licensee does not operate or purchase fuel in any IFTA jurisdiction in a particular quarter.The tax due must be paid at the time of the filing of the quarterly tax return to avoid interest and penalties. The quarterly tax return must be submitted by the last day of the month immediately following the close of the quarter for which the return is being filed.
Third-party rebate firms can charge a fee of up to 48% for their service - despite it being free to put in a claim yourself via the Gov.uk website. HMRC is consulting on how it can better protect customers
HMRC is looking to introduce new measures to protect taxpayers from using rip-off repayment agents that pocket large chunks of their tax rebates.Sarah Coles, senior personal finance analyst at Hargreaves Lansdown said: “Tax rebate firms are confusing people into paying far too much in charges they don’t understand, to companies they didn’t even realise they were using.The action would target third-party refund companies that charge people to claim a tax refund on their behalf.They often appear via adverts on social media websites, which customers then assume is a free way to reclaim tax.
The solidarity tax credit is a refundable tax credit for low- and middle-income families. Find out more here.
To be eligible for this credit, you must file your income tax return and meet all the applicable requirements.For more information about the solidarity tax credit, see the following pages:Payments of the QST Component of the Solidarity Tax Credit for Recipients of Last-Resort Financial Assistance
Here’s the short answer: If you made less than $34,000 in 2018 and paid TurboTax to file your federal income taxes, then you most likely got ripped off
But instead of manipulating software to hide higher levels of pollutants coming out of a car, TurboTax manipulated software and the metadata on its own site so certain results wouldn’t show up in Google searches. The tactic likely prevented millions of Americans from filing their taxes for free.While ProPublica’s article received attention and even led some regulators to open investigations, it deserves amplification as many consumers who may have been short-changed are not aware of what happened, how they were deceived, or what recourse they should take. Furthermore, Turbo Tax has neither shown remorse nor taken real corrective action (an e-mail to Intuit requesting comment for this article did not receive a reply).As part of an agreement with the Internal Revenue Service (IRS), TurboTax and 13 other tax-preparation firms are required to provide assistance with federal tax returns. The agreement requires the consortium, known as the Free File Alliance, to offer free help and electronic filing of federal tax returns for taxpayers who earned less than $66,000.As Nina Olsen, the National Taxpayer Advocate, summed up, “the fact that less than 3% of eligible taxpayers are using Free File suggests the program is failing to achieve its objective.” To contextualize, it is important to note that 70% of American tax payers are eligible to file their taxes for free online using the IRS’ Free File program.