Cap Gain Confusion?

Cap Gain Confusion?

MarketWatch.com, courtesy of Bill Bischoff, sums things up quite nicely. The lede: The Tax Cuts and Jobs Act (TCJA) included many changes that will affect individual taxpayers for 2018-2025. However it maintains the status quo for taxes on long-term capital gains...
And It’s Still Not Enough

And It’s Still Not Enough

Key Bit:  The federal government collected a record $1,665,484,000,000 in individual income taxes in calendar year 2018, according to the Monthly Treasury Statements for the year, which the Treasury finished publishing today with the belated release of the December...
It’s Never Enough

It’s Never Enough

The Lede:   The federal government collected record total tax revenues of $458,653,000,000 in October and November, the first two months of fiscal 2019, according to the Monthly Treasury Statement released today. Even with these record tax collections, however, the...