Tag: taxpayers

The Illinois Legislature Budget Process

In 2012, the Legislature adopted a $1. 2 billion budget. The General Assembly budget process is the most transparent, the least politicized, and the most democratic in the state’s history. The budget process allows legislators to set the state’s fiscal priorities. If the budget package is passed and presented to the governor for approval, there…

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The Work-From-Home Tax Reduction in Kenya

Software’s contribution in the Kenyan labour market has declined over the years, with a drop in the number of employees working from home. The Kenyan government has been implementing programmes aimed at addressing this issue, seeking to reduce the tax burden on work-at-home workers. This paper contributes a study to the study of the work-from-home…

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The Most Important Accounting Principle of the Bitcoin Economy

The accounting principle that Bitcoin adopters are so addicted to is the principle that, to be a good Bitcoin holder you have to have full accounting. Bitcoiners are in this respect in a position of power where the vast majority of their wealth is deposited in the account of a single financial institution in London.…

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Internal Revenue Service Taxes on cryptocurrencies

There are only a few countries that have allowed Bitcoin staking to be taxable. In the United States, the tax treatment of staking is different. The IRS defines staking as payments made to “stake miners” and is taxing that income as capital gain, capital loss, or dividend. It defines staking as “payment to an independent…

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NCLA Files Appeals Against the Internal Revenue Service

The Tax Administration of the United States (USTA) has filed a Petition for a Writ of Certiorari in the United States Supreme Court seeking to quash the Tax Court’s order on the grounds that the Tax Court did not have jurisdiction to hear the case. The IRS has filed an Interim Notice of Amendment to…

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