Wednesday, February 02, 2022 00:49:58 UTC
With government expenditure and borrowing continuing to rise, the latest Treasury Department data shows the United States national debt has reached $30 trillion.
The new record is for the entire outstanding debt of the federal government, which includes $23.487 trillion in public debt and an additional $6.525 trillion in intra-government debt, such as federal trust funds and other account.
A $5 trillion borrowing spree for pandemic relief was well underway before the coronavirus spurred an increase in Congress' spending at a regular pace.(More)
#spx #irs #treasurydepartment #debt #spending #pandemic #federal #trust #funds #covid
Fri, Apr 1, 22
What happened last night?
Wed, Feb 2, 22
Google 20-1 stock split
Wednesday, October 06, 2021 01:42:20 UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.
Essentially every American with a job could get evaluated. A group of 41 industry groups recently warned congressional leaders that the plan "is not remotely targeted" to detect major tax avoidance.
Keep this in mind when creating and managing your stock options accounts as well.
Treasury Secretary Janet Yellen said the plan would identify "opaque income streams that disproportionately accrue to the top." Treasury and congressional Democrats claim taxpayers will now report income more accurately if they know the feds have their account information.(More)
Wednesday, October 06, 2021 01:42:20 UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.
Essentially every American with a job could get evaluated. A group of 41 industry groups recently warned congressional leaders that the plan "is not remotely targeted" to detect major tax avoidance.
Keep this in mind when creating and managing your stock options accounts as well.
Treasury Secretary Janet Yellen said the plan would identify "opaque income streams that disproportionately accrue to the top." Treasury and congressional Democrats claim taxpayers will now report income more accurately if they know the feds have their account information.
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A massive options trade may be the culprit for the S&P dump just before market close Thursday afternoon.