The first BUZZ of 2025!
* ACCOUNTING TODAY tells us “Private debt collectors recovered fraction of tax debts” – (highlight is mine)
“TIGTA found that since April 2017, the IRS has assigned the PCAs more than 7.6 million taxpayer accounts, worth more than $64.9 billion. By March 2024, the PCAs had successfully collected more than $2.4 billion in payments.”
I have always opposed the use of private collection agencies – and this report proves that they are not effective.
* KIPLINGER.COM provides “Two for One:Best and Worst Places to Retire in America”.
No surprise – my former home state of NJ is #49 – the second worst place to retire. My current home state of PA is #10 on the best place list.
What is surprising is that Florida is considered the best place to retire – odd considering it’s repressive and fascist state government.
* And NJ is #2 – on the list of “The 10 states with the highest property taxes on homeowners” from ACCOUNTING TODAY that is.
The Garden State was beat out for the #1 spot by Illinois.
* Over at TAXABLE TALK Russ Fox has announced “The 2024 Tax Offender of the Year”.
* Andy Weiner explains “Why Filing A Tax Return Is More Important Than Paying Tax” at FORBES.COM.
THE LAST WORD
A not so fun fact:
Trump won the popular vote in 2024 by less than Hillary won the popular vote in 2016.
Trump won by 2.3 Million votes. Hillary won by 2.9 Million votes.
Yet the outdated Electoral College put Trump in the White House both times.
TTFN
No comments:
Post a Comment