Bidens Report Earning $620,000 and Paying $181,000 in Taxes in 2023
President Biden and Jill Biden reported earning $620,000 in 2023, paying over $181,000 in state and federal taxes, with an effective federal income tax rate of nearly 24%. [ more ]
One Supreme Court Case Could Mess Up Chunks of the Tax Code
The Supreme Court will hear arguments in the case of Moore v. U.S., which challenges a provision in the 2017 tax law related to profits accumulated outside the U.S.
This case could have broader implications in defining what Congress can tax under the Constitution. [ more ]