The Daily Populous

Tuesday March 23rd, 2021 morning edition

image for NY Times estimates wealthy Americans are refusing to pay $1.4 trillion in uncollected taxes

The New York Times editorial board on Sunday laid out a plan for how the U.S. could recover $1.4 trillion in taxes that would otherwise go uncollected.

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The piece cites a 2019 Internal Revenue Service (IRS) analysis that estimates less than half of all income that is not subject to third-party verification, like a W-2, gets reported to the agency.

Unpaid federal income taxes could amount to more than $600 billion this year and more than $7.5 trillion over the next ten years.

“The result is that most wage earners pay their fair share while many business owners engage in blatant fraud at public expense,” the op-ed said.

“Individuals would then have the opportunity to reconcile what Mr Rossotti dubs their ‘1099New’ forms with their reported income on their individual tax returns.


Boulder shooting: 10 deaths, including police officer Eric Talley, suspect in custody

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A total of 10 people were killed, including a police officer, after a gunman opened fire at a King Soopers grocery store in Boulder, Colorado, Monday afternoon, police said.

A suspect was wounded during the confrontation with police and taken into custody, according to Boulder Police Department Commander Kerry Yamaguchi.

The Boulder Police Department took to Twitter at 2:49 p.m. local time to warn residents of an "active shooter" and tell them to stay away from the area. »

Top Fox producer dies from coronavirus

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New York (CNN Business) Eric Spinato, the head booker and senior story editor for the Fox Business Network, died over the weekend, the network said Monday.

Spinato's brother, Dean, wrote on social media that the cause of death had been the coronavirus.

He returned to Fox in 2007 and worked at the company ever since, working primarily with Maria Bartiromo. »

Sidney Powell argues in new court filing that no reasonable people would believe her election fraud claims

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The election infrastructure company Dominion Voting Systems sued Powell for defamation after she pushed lawsuits and made appearances in conservative media on behalf of then-President Donald Trump to sow doubt about the 2020 election results.

Dominion claims that Powell knew her election fraud accusations were false and hurtful to the company.

"Indeed, Plaintiffs themselves characterize the statements at issue as 'wild accusations' and 'outlandish claims.' »

Instagram is ‘most invasive app’, new study shows

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Instagram has topped a list of “invasive” apps that collect and share users’ data.

The study found that Instagram collects 79 per cent of its users’ personal data and shares it with third parties, including search history, location, contacts and financial info.

“With over 1 billion monthly active users it’s worrying that Instagram is a hub for sharing such a high amount of its unknowing users’ data.”. »