States Turn to Tax Cuts as Inflation Stays Hot

States Turn to Tax Cuts as Inflation Stays Hot

This post was originally published on this siteTax reductions and rebates that are being proposed to help people cope could have the unintended effect of pushing prices higher.

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Property taxes on U.S. homes rose to $328 billion in 2021, report finds

Property taxes on U.S. homes rose to $328 billion in 2021, report finds

This post was originally published on this siteTOWN SQUARE | Homeowners may see their property taxes rise higher in 2022, one expert says.

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Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

This post was originally published on this siteSenate Budget Committee chair Bernie Sanders (I-Vt.) on Tuesday made a push for a bill that seeks to levy a 95 percent tax on windfall profits of companies that bring in more than $500 million in revenue annually. Sanders highlighted reports detailing higher...

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White House ‘billionaire tax’ shadows other more powerful tax changes

White House ‘billionaire tax’ shadows other more powerful tax changes

This post was originally published on this siteAs the Biden administration touted its new proposal of a minimum income tax for households worth more than $100 million, estate lawyers Monday were paying attention to a more technical but also more powerful set of proposed revisions to estate…

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Biden Proposes Tax on Billionaires as Way to Fund Economic Agenda

Biden Proposes Tax on Billionaires as Way to Fund Economic Agenda

This post was originally published on this siteThe new tax would apply to the richest Americans and would target unrealized capital gains.

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SLOT (Shifting Limits on Thresholds) Act would raise threshold for reporting slot machine winnings…

SLOT (Shifting Limits on Thresholds) Act would raise threshold for reporting slot machine winnings…

This post was originally published on this siteSLOT (Shifting Limits on Thresholds) Act would raise threshold for reporting slot machine winnings to IRS, for first time in 45 years Rep. Dina Titus (D-NV1) Will this bill pass? Maybe, but don’t bet on it. Though if you do, make sure your winnings are...

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Sen. Rick Scott wants every American to pay at least some income taxes

Sen. Rick Scott wants every American to pay at least some income taxes

This post was originally published on this siteNPR’s Steve Inskeep speaks to Republican Sen. Rick Scott of Florida about his proposals concerning income taxes and federal laws that he wants to campaign on this fall.

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Congress urges DOJ, Treasury to examine drug companies aiming to turn opioid settlements into tax breaks

Congress urges DOJ, Treasury to examine drug companies aiming to turn opioid settlements into tax breaks

This post was originally published on this siteWith billion-dollar deductions, House members say, businesses may be trying to “shift the financial burden of the damage they have caused to American taxpayers.”

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Romney’s push to revive child tax credit hinges on contentious work requirements

Romney’s push to revive child tax credit hinges on contentious work requirements

This post was originally published on this siteSen. Mitt Romney’s push to revive the expanded child tax credit hinges on work requirements proposal

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As the IRS pushes facial recognition, the government’s own ID service rejects the technology

As the IRS pushes facial recognition, the government’s own ID service rejects the technology

This post was originally published on this siteDave Zvenyach, director of the GSA’s Technology Transformation Services, told The Post that the agency “is committed to not deploying facial recognition … until rigorous review has given us confidence that we can do so equitably.”

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