What Would the Repeal of Obamacare mean for Taxpayers?
In a nutshell, the House Republicans’ Obamacare Repeal and Replacement plan would cut taxes on the wealthy by hundreds of billions of dollars. The plan would, among other things, do away with the 3.8% investment tax that was used to help finance the health care law, as well as a 0.9 percent surcharge on salaries
New Tax Rules Proposed to Combat Tax Evasion
President Barack Obama announced last Friday a rule that would require companies to disclose more information about their owners as part of a crackdown on tax evaders and money launderers. The “Due Diligence Rule” has been in the works since 2012 and is meant to prevent criminals from using shell companies to evade taxes and hide