income tax

Social Security benefits are considered taxable income despite contributors paying into the system via payroll tax. Representative Cory Mills (R-FL) is cosponsoring a bill initially introduced by Representative Thomas Massie (R-KY) to remove the income tax from these benefits, saying on X (formerly Twitter), "We must return the American dream." Rep. Massie reintroduced the bill […]

Cryptocurrency is a hot commodity, and it could become legal tender soon. Representative Matt Gaetz (R-FL) is already on it  and has recently introduced a bill allowing the payment of Federal income taxes with Bitcoin. Rep. Gaetz, inspired by El Salvador's bold move to legalize Bitcoin as a legal tender, has introduced a bill that […]

As service industry workers know, tips and gratuities can significantly impact their livelihood. Former President Donald Trump's proposal to remove federal income taxes from tips, potentially boosting their earnings, has become a popular slogan. In a proactive response, Representatives Matt Gaetz (R-FL) and Thomas Massie (R-KY) are introducing the Tax-Free Tips Act. The bill exempts […]