IRS
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Palantir Knows Everything About You
Peter Thiel’s data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers.
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Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say
“The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.”
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Federal Taxes
Long-term capital gains tax rates (2025):
- 0% for income up to $44,625 (single filer).
- 15% for income between $44,626 and $492,300.
California State Taxes
California does not have a separate tax rate for capital gains; they’re taxed as regular income.
2025 California income tax brackets (estimated, based on recent years):
- For income up to $10,099 (single filer), the tax rate is 1%.
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Tax Me If You Can (full documentary) | FRONTLINE
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The hardest thing to understand in the world is the income tax.
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The hardest thing to understand in the world is the income tax.