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Income Tax

Politics
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system.  He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy, would mark a pivotal turning point for the nation. "America is going to be very rich again, and it's going to happen very quickly," Trump said during a speech in Florida on Monday, Jan. 27 at the 2025 Republican Issues Conference at the Trump National Doral Miami. "Instead of taxing our citizens to enrich foreign nations, we should be tariffing an…

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by Joe Lombardi
News
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter A Westchester-based accountant who admitted participating in a multi-million dollar tax evasion scheme with his partner was a volunteer firefighter who served for almost three decades, including during 9/11.  Certified public accountants New Jersey resident Jack Sardis, age 66, of Englewood Cliffs in Bergen County, and his partner, George Sanossian, age 70, of Scarsdale, both admitted to scheming with their clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions, the US Attorney's Office for the Southern District of…

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by Ben Crnic & Cecilia Levine
News
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy $2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy Two New York accounting firm partners have pleaded guilty to a multi-million dollar tax evasion scheme.  Click here for a new, updated story - Update: Scarsdale-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Westchester County resident George Sanossian, age 70, of Scarsdale, and New Jersey resident Jack Sardis, age 66, of Englewood Cliffs, both certified public accountants, admitted to conspiracy to defraud the IRS by scheming with clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions.  The tw…

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by Joe Lombardi