Thought for the day

"I should have been a meteorologist. It's the only job (outside of politics) where you can be that wrong that  often and still get a paycheck!" -- Michael Rivero

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Nobody trusts the IRS, and with good reason. It’s too powerful. It’s unaccountable. And it’s staffed by bureaucrats who seemingly take pleasure in making decent, hard-working Americans squirm.

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It's called "refund shock," and many taxpayers can expect to see it when they file their 2022 tax returns.

As KDKA-TV money editor Jon Delano explains, there may not be a lot most of us can do about it.

Thanks to pandemic relief measures passed by Congress in the last year of the Trump administration, and especially during the first year of the Biden administration, many Americans got very big tax refunds earlier this year. But don't count on a repeat.

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Ah, yes. The sweet smell of saving the planet with "green" energy while getting to rake in even more taxes...nothing like having your cake and eating it too

Such is the case in Germany, where the country is getting ready to "table a €130 per megawatt hour cap on the earnings of wind, solar and nuclear generators", according to ReNews, citing Bloomberg. 

Major tax filing services such as H&R Block, TaxAct, and TaxSlayer have been quietly transmitting sensitive financial information to Facebook when Americans file their taxes online, The Markup has learned.

The data, sent through widely used code called the Meta Pixel, includes not only information like names and email addresses but often even more detailed information, including data on users’ income, filing status, refund amounts, and dependents’ college scholarship amounts. 

ELECTION 2020 TULSI GABBARD - Sputnik International, 1920, 19.11.2022

The Hawaii politician, once considered a rising star in the Democratic Party, quit the party last month, attacking its leadership for being an “elitist cabal of warmongers driven by cowardly wokeness.”

The Great Decline: California To Have MASSIVE Budget Deficit Next Year

In 2021, California's Independent Legislative Analyst's Office forecasted the state would have a $97 billion budget surplus for the 2022 fiscal year.

Believe it or not, California thinks it has a solution to the homelessness problem that can be solved with additional taxation! Go figure.

A new measure in Los Angeles, called Measure ULA, is set to generate $900 million in taxes that will then be used for housing subsidies and tenant protections. The tax is essentially a levy on all property sales of more than $5 million, according to Bloomberg.

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It's remarkable to think that it was just 6 weeks ago when the UK revealed its biggest spending spree in decades - one which sparked a bond market crisis, a political shake up and the resignation of the now former PM Liz Truss. Fast forward to today when in a dramatic reversal, we learn that the UK is sinking into Greek-style austerity: the Telegraph reports that Prime Minister Rishi Sunak and finance minister Jeremy Hunt plan to reveal a stealth tax raid on pensions later this month.