Having worked with nonprofits for many years, I am awaiting some creative soul to create a new religion called “Taxology”. A person may seek something that is timeless, certain, and powerfully controls one’s destiny. Something that takes from the rich and provides for the masses sustenance (tax credits) and occasional joy (tax refunds). A book (Internal Revenue Code) that dramatically impacts people’s lives and elders (accountants, attorneys, EAs) continually study and interpret the laws and philosophy within it. Not everyone agrees with the precepts but most comply because they do do not want the wrath of a higher authority (the Internal Revenue Service) bestowed upon them. The book and its thousands of pages have been written by wise sages (Congress) to guide and fulfill our challenged lives.
Current Articles
- SALT ALERT: The New York State Legislature Proposes Increases To Both Income And Corporate Tax RatesBy Peter J. ScaliseNew York State’s highest individual earners and largest corporations may soon see an increase in their tax rates, while managed care organizations may have to pay a new tax under budget […]
- Cryptocurrency, Digital Or Virtual Currency And Digital Assets 2024 LegislationBy TaxConnections AdminDigital or virtual currencies are a medium of exchange, but are not regular money. Unlike paper bills and coins, cryptocurrencies are not issued or backed by the U.S. government or any other […]
- Citizens Against Government Waste: The Prime Cut Series (#2)By TaxConnections AdminEliminate Community Development Block Grants (CDBGs) 1-Year Savings: $3.3 billion 5-Year Savings: $16.5 billion In the 1970s, many American cities suffered from destitution and blight. In 1974, […]
- Biden’s Budget Request For Fiscal 2025 Includes $12 Billion For Student Loan ForgivenessBy TaxConnections AdminPresident Joe Biden has unveiled his proposed budget for the 2025 fiscal year, set to begin on Oct. 1, and in it, he is calling for $12 billion in spending to forgive student loans. The proposed $12 […]
- Marketing: Finding A Tax Professional Is Changing In 2024By Kat JenningsFor years, finding a tax professional with the requisite knowledge, skills and experience has remained the same. Ask a friend for a referral, look online to see who paid the most to appear in a top […]
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