Tax Archives - Slay News

DeSantis Proposes Sales Tax Holiday on Gas Stoves and Baby Formula

Florida's Republican Governor Ron DeSantis is proposing a permanent sales tax holiday on gas stoves and baby formula. DeSantis unveiled his $114.8 billion budget proposal on Wednesday. It includes permanent sales tax exemptions on all baby necessities like strollers and formula, pet meds, and even the embattled gas stove. The…

IRS: Millions of Americans Don’t Realize They Are Eligible for Tax Credit

Millions of Americans don't realize that they are eligible for a tax credit, the Internal Revenue Service (IRS) has revealed. The IRS has issued a reminder regarding a tax credit that last year averaged over $2,000. However, roughly 20 percent of those entitled to the money didn’t claim it. “This…

House Republicans to Vote on Bill to Eliminate Income Tax, Abolish IRS

House Republicans are preparing to vote on a bill that would eliminate income tax and abolish the Internal Revenue Service (IRS). The House will be voting on Republican Rep. Buddy Carter's (R-GA) reintroduced Fair Tax Act. The legislation seeks to reel in the IRS and remove the national income tax,…

IRS Warns Americans: Report $600 Transactions from Payment Processors or Risk Audit

The Internal Revenue Service (IRS) is warning American taxpayers that failure to report transactions of $600 or more from payment processing services will run the risk of an audit. The IRS is cracking down on payments made through networks like Venmo, Paypal, and Cash App. The move comes as the…

Mark Cuban Reaches Limit: ‘Screw You Elizabeth Warren, You’re Everything That’s Wrong with Politics’

Dallas Mavericks owner Mark Cuban has reached his limit with Democrat Senator Elizabeth Warren (D-MA), warning that she's "everything that's wrong with politics." The billionaire blasted Warren during an appearance today at Vox Media’s Code Conference in Los Angeles. "I don’t mind being taxed more," Cuban said. "I wrote a…

FBI Seized Trump’s Medical Records and Tax Documents during Mar-a-Lago Raid, Judge Reveals

A federal judge has revealed that FBI agents seized President Donald Trump's medical records and tax documents during the raid on his Mar-a-Lago home last month. On Monday, U.S. District Judge from the Southern District of Florida Judge Aileen M. Cannon ordered that an independent special master be appointed to review Trump’s…

Former IRS Whistleblower: Middle-Class Americans Will Be Targeted under Inflation Reduction Act

A former Internal Revenue Service (IRS) whistleblower has warned that the government will target middle-income Americans with increased scrutiny and audits under the Democrats’ "Inflation Reduction Act" (IRA). William Henck previously worked as a lawyer for the IRS for 20 years until 2017. He was terminated by the federal agency…

Prosecutors Ask for 8-Year Prison Sentence for Trump-Hating Pop Star Shakira in Tax Fraud Case

Another day, another Trump-hating celebrity is in hot water with the authorities, and this time, it's international pop star Shakira who is facing the music. Prosecutors in Spain said they will ask a court to jail the popular Colombian singer, whose full name is Shakira Isabel Mebarak Ripoll. If she…

‘Socialist’ AOC Fined for Not Paying Taxes in New York State

Radical "socialist" Rep. Alexandria Ocasio-Cortez (D-NY) has been hit with fines after failing to pay her taxes in New York state. The congresswoman was fined over her failure to pay a tax warrant filed against her former business five years ago. In 2012, AOC started a children’s book publishing company…