U.S. poverty spiked over the last year, with child poverty more than doubling, the U.S. Census Bureau reported Tuesday, while the proportion of people lacking health insurance in 2022 dropped to an uncommonly low level.
U.S. poverty spiked in 2022, reversing gains, Census Bureau data shows
Tag: Earned Income Tax Credit
IRS audits Black taxpayers more often than other groups, agency confirms
The Internal Revenue Service audits Black taxpayers at significantly higher rates than other Americans, Commissioner Daniel Werfel told lawmakers Monday, confirming earlier findings by researchers at leading universities and the Treasury Department.
IRS audits Black taxpayers more often than other groups, agency confirms
Related:
The IRS Targets Black Taxpayers, Researchers May Have Uncovered Why
Consistent underfunding of the IRS means it’s a lot easier for them to go after someone who is low-income and qualifies for the EITC than it is to go after someone with a million lawyers hiding money in the Cayman Islands.
Targeting the rich for their tax-related shenanigans takes some major coins, and the IRS severely lacks the funds it would need to do that. Unfortunately, that means they’re more likely to knock on the doors of people just trying to get by.
Good thing Republicans are trying to repeal IRS funds?! /sarcasm
A New Third Party Just Launched – It’s The Same Washington Rot With A Different Name
Andrew Yang Launches Third Party For Billionaires
Related:
Forward Party: What do you need to know about the new third political party created by Andrew Yang?
Rather than something new, the party is attempting to reach a previous Republican electorate that existed before Donald Trump took control of the party.
Opinion: Most third parties have failed. Here’s why ours won’t.
The People’s Party has their own problems, as well.
A $60 billion surprise in the Covid relief bill: Tax hikes
Democrats are getting an early start on their tax-increase agenda.
They’ve tucked a trio of little-noticed tax hikes on the wealthy and big corporations into their coronavirus relief package that together are worth $60 billion.
A $60 billion surprise in the Covid relief bill: Tax hikes
It’s already passed, but just heard about these tax hikes.
Ms. Cat’s Chronicles 