IRS holding 29 million tax returns, delaying refunds

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The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate, an independent arm of the tax agency that looks out for consumers’ interest. The delays are prompting some taxpayers to fret over social media about spending weeks waiting in limbo for their … Read more

CAPITALISM, THE UNKNOWN IDEAL: President Biden’s Capital Gains Tax Hike Would Hurt Small Business Investment, Economists Warn.

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President Biden has already proposed trillions in new spending alongside massive tax hikes. But the White House is reportedly considering another large tax increase. “The White House is considering raising the capital gains tax rate to 39.6 percent on people earning $1 million and over,” Fox Business reports. For context, the capital gains tax is “a tax on the growth in value of investments … Read more

The Fed would rather keep inflating the everything asset bubble & keep expanding the wealth gap as opposed to risk a single sell off in markets…

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https://twitter.com/NorthmanTrader/status/1386672704170991620 Commodity Momentum, initial stages of a new commodity bull market like the early 1970s, or does it represent the typical post-recession recovery roadmap? India caving in to COVID19 is already a big negative sign if we think they should be igniting the new super cycle pic.twitter.com/l3YtIACFTZ — Menthor Q (@MenthorQpro) April 26, 2021 corn … Read more

Get woke, go broke… Oscars viewership was down over 50% off last year’s numbers, which were the worst ever.

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Oscars viewership was down over 50% off last year’s numbers, which were the worst ever. Last night’s Oscars viewership was down over 50% off last year’s numbers, which were the worst ever. In 2020 the show did a 18.1/32. This year? 8.6/18. Yikes. Get woke, go broke. Absolute disaster for Hollywood: https://t.co/mdSJ9a5klf — Clay Travis … Read more

Police Problems? Embrace Liberty!

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by Ron Paul Many Americans saw former policeman Derek Chauvin’s conviction on all counts last week as affirming the principle that no one is above the law. Many others were concerned that the jury was scared that anything less than a full conviction would result in riots, and even violence against themselves and their families. Was … Read more

Fed FOMO? Buffett Indicator Higher Than Dot.com Bubble, Redfin Home Price Index, Plywood Prices Soaring, Etc.

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by confoundedinterest17 Are investors suffering from Fed FOMO? The fear of missing out on The Federal Reserve’s epic low-interest rates and prodigious money printing? The Buffett Indicator, a measure of the equity market adjusted by GDP, is higher than the notorious dot.com bubble of the late 1990s, fueled by The Fed’s growth of their balance sheet … Read more