“Could governments seize bitcoin?” That is a common question, and much to the dismay of many, my opinion does not match the typical analysis. I have lost clients due to my honesty regarding crypto. I understand many firmly believe that Bitcoin will one day become the alternative to the USD, but it is unwise to […]
The Metropolitan Transportation Authority (MTA) believes that taxation could decrease traffic congestion in New York. Vehicles will be charged an additional $15 daily to enter Manhattan from 60th Street or below, while trucks will face a fine between $24 and $36. New York Gov. Kathy Hochul strongly backs the measure as she believes it will […]
Within the American Rescue Plan was a piece of legislation requiring Americans to report any transactions they made over $600. The most recent budget negotiation eliminated much of the additional funding for the IRS. The Biden Administration wanted to hire 87,000 new IRS agents and claimed they were solely targeting the rich. Not so coincidentally, […]
In 2019, New York hosted 72 billionaires. That figure has declined to 62 in 2023, with smart money fleeing the state due to high taxes and crime. The state of New York depends on the top 1% of earners to pay 42% of its tax burden. New York is already operating in a deficit and […]
We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit, improve customer service for Americans, and make sure that wealthy tax cheats pay what they owe. — Secretary Janet Yellen (@SecYellen) October 31, 2023 I have both good and bad […]
QUESTION: Marty: In reading your blog about No Small Amount is Too Small, is it safe to say that the future of gift cards will be non-existent? Or will gift cards be the run-around? NO ANSWER: There seems to be a loophole right now with the gift cards. When I tried to buy an American […]
In Canada, they are now fining people whose cell phone is visible in their car. You don’t have to be using it at all. If it is simply visible it is deemed to be a distraction. The hunt for money knows no bounds.
In Germany, the Federal Minister of Research has said that the introduction of a special tax on carbon dioxide is virtually certain. Global warming research is funded by governments in order to raise taxes. They refuse to fund any research to the contrary because this is all about raising taxes. Germany will soon join Canada […]
The hunt for money is moving into high gear in Germany. Prior to 2017, it was possible to buy gold anonymously in quantities up to €15,000. In 2017, this limit was reduced to €10,000. Now, Merkel has drastically reduced this limit to just €2,000 beginning in 2020. Any transaction greater than that amount requires the […]
Cities have begun using the term “climate emergency” to justify new taxation. This was the case in the Guelph City Council in Canada where they declared a climate emergency. They have admitted that they “already have an action plan. A very ambitious, robust and doable action plan. We don’t need to re-state that.” The spokesperson […]
