Federal taxes

Tax season is predicted to have fewer breaches in data

Illustration of IRS logo with lock
Illustration: Sara Grillo/Axios

With tax day rapidly approaching, it's beginning to look like this tax season will show a sharp decline in breaches swiping data used to file fake tax returns. Risk Based Security (RBS), a cybersecurity group that monitors breach notifications, has tracked only 5 reports of theft of tax data this season, down from around 40 in the whole of last year's tax season and 230 the year before.

Why it matters: While the number of tax-document-related breaches has been on the decline for a while, it's still surprising to see such a rapid drop, even after the number had plummeted into the double digits.

Elizabeth Warren: What to know about the 2020 candidate's wealth tax proposal

Nathan Klima for The Boston Globe via Getty Images

Sen. Elizabeth Warren (D-Mass.) opened her 2020 campaign with a wealth tax policy proposal that was inspired by University of California-Berkeley economists Emmanuel Saez and Gabriel Zucman. The plan would tax the wealthiest Americans on their assets.