Tag: #taxes

CBO: Income Inequality Narrowed in 2023 as Lower-Income Households Gained and Top 1% Fell

CBO: Income inequality narrowed in 2023 — incomes rose for the lowest quintile and fell for the top 1% (lower capital gains). But inequality rose since 1979.

#inequality, #income, #cbo, #taxes

Treasury, IRS propose revoking tax-exempt status for private schools that use race-based policies

Treasury and the IRS propose denying federal tax-exempt status to private schools that discriminate on the basis of race in admissions, scholarships, athletics or programs.

#taxes, #education, #treasury, #irs

EOG Doubles Q1 2026 Tax Outlook to $500–$600 Million After Oil Rally

EOG raised its projected current tax expense for Q1 2026 to $500–$600M, citing higher crude prices tied to Middle East conflict — lifting the tax midpoint about $270M.

#eog, #oil, #energy, #taxes, #commodities