Taxation articles
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'Absolutely out of control on taxation': Biden and IRS are RAISING capital gains rate
President Biden and the IRS just can’t get enough of taxing Americans. The president is reportedly raising the capital gains rate to what some are calling the “highest formal federal capital gains,” with a budget proposal for fiscal year 2025, increasing the capital gain to 44.6%. “Capital gains is after you’ve already paid income tax,” Pat Gray says, disturbed. “Now, you’ve invested some of what you paid tax on, and you’ve gained some more money which they’re taxing, and now they want to...
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Pres. Boakai Submits Bill Replacing Goods and Services Tax with Value-Based Taxation in Liberia
CAPITOL HILL, Monrovia – President Joseph Boakai has proposed amending Chapter 10 of the Liberia Revenue Code (LRC), advocating for the adoption of a value-added tax (VAT) to replace the current goods and services tax regime. By Gerald C. Koinyeneh – [email protected] In a letter addressed to House Speaker Fonati Koffa, President Boakai said implementing []