IRS
Inflation Reduction Act Will Require The IRS To Study Free Tax Filing Options
TurboTax maker Intuit has long blocked efforts to create free online tax filing for all, but this sweeping domestic policy bill provides $15 million to investigate how the IRS could implement such a program.
Where Things Stand: Scott Escalates ‘87,000 New Armed IRS Agents’ Conspiracy Theory
This is your TPM evening briefing.
Sen. Rick Scott (R-FL) pulled a publicity stunt this afternoon by releasing an open letter addressed to the “American Job Seeker” warning anyone who might be considering applying for a gig at the Internal Revenue Service that they need not apply.
That’s because, in his telling, any new funding being funneled into the agency after the passage of Democrats’ Inflation Reduction Act will be reversed if Republicans take back Congress after the Midterms. Vowing to gut the agency once Republicans are back in power, Scott referred to any new job openings at the IRS — after the Democratic bill allocated $80 billion in additional funding for the agency, in part to help with staffing shortages — as a “short-term gig.”
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Ken Griffin Spent $54 Million Fighting A Tax Increase For The Rich. Secret IRS Data Shows It Paid Off For Him.
The ultrawealthy poured money into a successful campaign to defeat a graduated state income tax. For the first time, we can reveal the scale of their return on this investment.
Meet The Billionaire And Rising GOP Mega-Donor Who’s Gaming The Tax System
Susquehanna founder and TikTok investor Jeff Yass has avoided $1 billion in taxes while largely escaping public scrutiny. He’s now pouring his money into campaigns to cut taxes and support election deniers.
The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes For Generations
In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong.