Naturally Diocletian’s decree did not have its desired effect. Despite the emperor imposing the death penalty on anyone who did not comply, Roman citizens flouted the rules, and the population declined even more.

It’s hard to not think of this story when reading about the nascent suicide pact being discussed between several of the most ultra-progressive, high tax US states.

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“This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters,” the White House said in a preview Monday of the economic aspects of Biden’s speech.

Neither of the tax proposals is likely to gain much support in Congress, where Republicans now control the US House. 

When recently questioned by reporters outside the U.S. Capitol about the ongoing debt ceiling fight, Rep. Alexandria Ocasio-Cortez (D-NY) remarked, “the largest contributor to our deficit has been the Trump tax cuts.”

It’s an intellectually bankrupt argument that has been parroted by left-wing politicians and talking heads since the Tax Cuts and Jobs Act was debated and passed in 2017.

AHouse-passed bill rescinding $71.5 billion for the hiring of up to 87,000 IRS agents has languished in the Democrat-led Senate for nearly four weeks without a vote. 

The funding was part of the $740 billion Inflation Reduction Act (IRA) that Democrats passed last year.

House Speaker Kevin McCarthy pledged to schedule a vote to eliminate the funding as his first order of business in the new, Republican-led House. The GOP bill passed along party lines on Jan. 9.

The Internal Revenue Service (IRS) has issued a checklist to make tax preparation smoother in 2023, which features a key cautionary tip on how to avoid getting a dreaded notice or bill from the tax man.

 

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The Internal Revenue Service (IRS) issued an alert to taxpayers on Tuesday, reminding them that they must report all digital asset-related income and answer a new digital asset question on their 2022 federal income tax return or face consequences such as delayed refunds or even penalties.

 

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