Independent thinking for complex markets and current events
President Trump launches a massive federal purge amid the Schumer Shutdown, firing thousands from agencies like the IRS, HUD, and EPA in a sweeping government shake-up.
This is incredibly bad. What the IRS would be saying to millions of people, if they cave to Trump’s extraordinary demands, is “don’t file your taxes, because if you do, we’ll use it against you.” It would undermine and blow up generations of trust-building. It’s madness. https://t.co/KR5abzy7Me — Aaron Reichlin-Melnick (@ReichlinMelnick) April 5, 2025
🚨 #BREAKING: The IRS will now be closing over 120 offices nationwide, in addition to laying off THOUSANDS of employees, per WaPo This comes after We The People OVERWHELMINGLY voted for DOGE to audit the IRS, and apparently, they’re moving quickly 🔥 Vox Populi, Vox Dei! pic.twitter.com/JtxlAeLQJV — Nick Sortor (@nicksortor) February 26, 2025 The …
Democrats are flailing over Musk & DOGE gaining access to IRS data. But in 2023, Joe Biden gave 53 unpaid researchers & student volunteers access to the SAME SYSTEM & they said NOTHING. Democrats have no problem with waste, fraud, & abuse as long as their ideology is promoted. pic.twitter.com/MLzfYimmnz — Byron Donalds (@ByronDonalds) February …
by Michael Most Americans don’t know that for much of U.S. history there was no federal income tax and there was no central bank. But now everyone assumes that we must have a federal income tax and a central bank in order to have a functioning society. Today, there are just a handful of nations …
NEW: The Internal Revenue Service will begin laying off roughly 6,000 employees on Thursday as part of the Trump administration’s push to downsize the federal work force, three people familiar with the agency’s plans said. w/@aduehren https://t.co/gBHfhZBBRX — Michael S. Schmidt (@nytmike) February 19, 2025 The Internal Revenue Service will begin laying off roughly 6,000 …
Schumer: "This is just the beginning… If DOGE attacks the USAID today… who knows, next might be the IRS" pic.twitter.com/7QQuXEnSyZ — unusual_whales (@unusual_whales) February 4, 2025 Am I supposed to be upset about this or something? Pentagon Spent $600 million on Sushi (Treasury Payments): And the IRS is spending $230,000 a month on Starbucks Cinnamon …
U.S. taxpayers may be in line to receive a stimulus check by the end of January if they did not claim the Recovery Rebate Credit on their 2021 tax return, the Internal Revenue Service (IRS) announced. The IRS said the decision came about after reviewing internal data which showed eligible taxpayers who filed a return …
TLDR: IRS recouped $4.7B from unpaid taxes and criminal proceeds after Inflation Reduction Act boost. $1.3B from overdue taxes by wealthy individuals. $2.9B from criminal cases targeting drug traffickers, cybercriminals, and terrorist financiers. $475M from whistleblower tips on hidden income and tax fraud. $292M from 28,000 high earners who hadn’t filed since 2017. IRS-Criminal Investigation …
The IRS has issued a notice reminding retirees aged 73 and older to take required withdrawals from retirement accounts before a Dec. 31 deadline or face the prospect of hefty penalties. The agency said in a Dec. 10 notice that required minimum distributions (RMDs) must be taken annually from traditional IRAs, 401(k)s, and other retirement …
New Supreme Court Ruling Allows the IRS to Access Your Bank Records Secretly “It is now completely legal for the IRS to secretly obtain the bank records of third-party individuals who are not under Federal investigation,” reported @RomanBalmakov. “If the IRS is trying to… pic.twitter.com/8ISHEW9hGi — The Vigilant Fox 🦊 (@VigilantFox) May 31, 2023 Kevin …