Biden calls for higher taxes on wealthy and corporations
Accounting Today
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In his State of the Union address, the president urged Congress to approve raising taxes on wealthy taxpayers and big corporations, and more of today’s top stories.?
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President Joe Biden urged Congress to approve higher taxes on wealthy taxpayers and big corporations during a raucous State of the Union address on Tuesday night marked by frequent outbursts from lawmakers.
In other news today:
The Internal Revenue Service recently suspended a half dozen of its modernization programs, including two deemed essential to its plans for replacing its aging systems.
The institute has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement.
And they look likely to stay high, suggests a new report from Vertex.
The service is cautioning taxpayers in states like California that offered special tax refunds or payments to wait to file until it's clear whether the money is taxable or not.
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Welder at Stamptech
2 年And they cut jobs
God-Family-Country Owner and operator of Superior Shine Softwash LLC
2 年Oh I’m sure this will happen
Full Service Accountant & Consultant
2 年One with any degree of common sense should be able to understand that corporate taxes are a cost of doing business for corporations, a cost which will passed through corporate profit margins right to the consumers of corporate goods and services.? The brain dead POTUS is nothing more than a tax and spend liberal demagogue.
CPA / Independent Consultant
2 年How original.