“I cannot see any scenario where the European taxpayers alone will pay the bill,” said European Commission President Ursula von der Leyen https://t.co/0DIxmfGjPV ...

Now, the amount of tax you pay next year could be changing. >> Yeah, this is after the IRS made its annual inflation adjustments earlier this month and updated the tax brackets for 2026. >> Here to tell us what this means for you is Investipedia's editor-inchief Caleb Silver.So, Caleb, the IRS says a lot of these amendments are due to the tax and spending bill passed by Republicans earlier this year. How are the tax brackets changing next year. What are some of the most notable changes.>> Yeah, well, the bi ...

From @WSJopinion: Taxpayers footing the bill for Obamacare subsidies shouldn’t be fooled by the scaremongering of the welfare-industrial complex, writes @chrisjacobsHC https://t.co/duLcypIVjV ...

Why taxpayers now own parts of Intel and MP. https://t.co/QRSZd8MS8i ...

Tax Updates - IRS announces 2025-2026 per diem rates for taxpayers who travel for business [1]

IRS Leadership & Operations - The IRS faces volatility with six different leaders in the first 10 months of the current administration [2] - The absence of an established deputy commissioner to manage daily operations adds to the instability [2] - Clarity in problem-solving roles and access to decision-makers are crucial for smooth operations and better customer service [6] - Delays in problem-solving within the IRS can lead to longer wait times and increased stress for taxpayers [7] Revenue & Tax Collection - The tax gap, representing the difference between taxes owed and paid, amounts to $700 billion annually [10] - A less effective IRS could lead to an increase in the tax gap [11] - A weaker IRS may result in reduced customer service and a shift in the tax burden to those who comply with the rules [12] Customer Service - The IRS functions largely as a customer service organization, assisting taxpayers with various issues [5] - Solving problems efficiently within the IRS can reduce wait times and improve overall customer service [7]

Government Spending & Shutdown Costs - Government shutdowns can cost taxpayers money [1] - A 2013 shutdown led to an estimated $10 million loss due to uncollected fees and charges [2] - Back pay to furloughed employees during the 2013 shutdown amounted to $25 billion [2] Discretionary vs Mandatory Spending - Congress controls approximately $18 trillion in discretionary funding for fiscal year 2024 [3] - Mandatory programs like Social Security, Medicare, and Medicaid cost $41 trillion in the same fiscal year [3] - Interest payments alone totaled $881 billion [3] Economic Impact - Shutdowns can be quite expensive for American taxpayers due to their impact on the economy [3]

Financial Risk - A $20 billion lifeline from the Trump administration to Argentina could pose risks for US taxpayers [1]

Government Spending & Efficiency - Taxpayers saved tens of billions of dollars since January [1] - USAID is officially in close out mode [1] Agency Restructuring - A small set of core programs moved over to the State Department [1] - Russ Vought is now overseeing the closeout of USAID [1]

Government Services & Technology - IRS kiosks, designed for taxpayer self-service, are outdated and broken [1]