For years, private universities like Stanford with large endowments paid a small tax of 1.4% on the money their investments earned. That changed in July when former President Donald Trump signed a new federal law. The law creates a new […]
Under former President Trump, the IRS lost about 25% of its total staff, roughly 26,000 workers. The number of full-time employees dropped from 103,000 in early 2017 to just over 77,000 in 2025. This was done mostly through buyouts and […]
President Donald Trump has started to implement tariffs on imported goods. During his campaign, he suggested a radical idea: an “all tariff policy.” He mentioned that this plan could potentially eliminate the federal income tax. However, this proposal has raised […]
President Donald Trump is advancing a bold and potentially divisive proposal among his Republican allies, advocating for the complete elimination of federal income taxes. This radical idea was introduced during a conference address in Doral, Florida, where Trump expressed his […]
Charles Littlejohn, a 38-year-old former IRS consultant, received a five-year prison sentence for unlawfully disclosing the tax returns of former President Donald Trump and thousands of other wealthy individuals to the media. This harsh sentencing by Judge Ana Reyes, a […]