“We know now that inflation results from all that deficit spending. Government has only two ways of getting money other than raising taxes. It can go into the money market and borrow, competing with its own citizens and driving up interest rates, which it has done, or it can print money, and it’s done that.
Taxes
A proposed major semiconductor complex for upstate New York is raising hopes of a revived American manufacturing sector. But the deal is built on massive taxpayer subsidies, reminding us of America’s pattern of government giveaways to businesses with no net economic benefits, especially for low-income people and communities. Which will we get this time? First,
A California man was sentenced to 10 years in prison for conspiring with others in schemes to defraud the IRS and the Paycheck Protection Program (PPP). According to court documents and statements made in court, Quin Ngoc Rudin, 55, a convicted felon, was the Secretary, Director and Chief Financial Officer of Mana Tax Services, a
Today’s Social Security column addresses questions about the earnings test and retirement benefits, spousal benefits while a retirement benefit is suspended and survivor’s benefits and public pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social
The IRS already announced that it extended until 2/15 the tax deadlines for hurricane victims in Puerto Rico and then made a similar extension to both Carolinas. But how about those FBAR foreign account forms? The IRS enforces the law, but FBARs are handled by FinCEN, the Financial Crimes Enforcement Network. Fortunately, FinCEN announced that