Saturday, January 4, 2020

Did the U.S. Tax Overhaul Do What It Promised? - WSJ

The tax cuts themselves are easy to see: Tax bills went down for most families and corporations. Domestic retailers and banks reaped some of the biggest savings.

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Publisher: WSJ
Date: 2020-01-04T05:00:00.000Z
Author: Richard Rubin and Theo Francis
Twitter: @WSJ
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New Texas Laws Could Help Homeowners Save On Property Taxes – CBS Dallas / Fort Worth

FORT WORTH (CBSDFW.COM) — Two dozen new Texas laws went into effect this week — several of which the changes could help homeowners save thousands of dollars on property taxes.

"A lot of people don't know the money they could be saving," said J.R. Martinez with Kenneth Jones Real Estate and the Great Fort Worth Association of Realtors.

Texans over 65 years old, veterans and their surviving spouses, and people with disabilities may be eligible for tax breaks they don't know about. Senate Bill 2060 makes those exemptions harder to miss.

Date: 2020-01-03T15:51:03+00:00
Author: https www facebook com CBSDFW
Twitter: @CBSDFW
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Anchorage Assembly weighs new taxes ahead of town halls - Alaska Public Media

Anchorage needs more money. That’s according to the municipality’s Assembly, which is weighing three different tax proposals to increase revenue after years of budget cuts to most municipal departments. But before deciding which measure to put on the April ballot for voters to decide on, the Assembly will hold listening sessions with residents.

During a Friday press conference in a City Hall conference room, Assembly Chair Felix Rivera laid out the basic problem confronting the municipality.

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Publisher: Alaska Public Media
Date: 2020-01-04T02:44:42+00:00
Twitter: @aprn
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Impact Partners BrandVoice: Why Now Is The Time To Beat Taxes In Retirement

That's the year the 401(k) was invented. Now, over 40 years since, most Americans have adopted the 401(k) as their go-to vehicle for retirement savings. The 401(k) accounts for the bulk of most retirees' total savings set aside for their retirement.

There's a problem, though. Let's say you have $1,000,000 sitting in your 401(k). That's a worthy amount, and it means you've worked hard and done well.

There's a massive opportunity right now for retirees to pay less taxes in the long run and save a large portion of their accumulated wealth.

Publisher: Forbes
Date: 2020-01-03
Author: Sam Liang
Twitter: @forbes
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Whose taxes will go up to pay for Maryland's new education plan? - The Washington Post

It would be hard to find anyone who didn't support the goals of Maryland's recent plan to improve how we educate our students . Smaller class sizes, higher teacher pay, more one-on-one instruction for struggling learners, expanded learning time and an independent group to make sure it's all implemented correctly — what's not to love?

As the daughter of a Prince George's County teacher and a mother of five sons who went through almost all of their prekindergarten-through-12th-grade education in Prince George's County Public Schools (one is now a teacher in this same school system), I am 100 percent enthusiastic about every bit of the Kirwan Commission's plan .

Publisher: Washington Post
Twitter: @WashingtonPost
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Partisan bickering threatens to derail Illinois property tax relief plan

In separate statements, House GOP Leader Jim Durkin and Senate Republican Leader Bill Brady both asserted that preliminary findings of the task force were not properly approved by the full panel and, as Brady put it, amount to "some members . . . circulating their thoughts."

Rep. Sam Yingling of Round Lake, the House Democrat who was one of the task force’s co-chairs and increasingly has served as its point person, denies that.

"In order to address the property tax crisis, everything must be on the table," wrote Yingling, who did not return phone calls. "No caucus has exclusive rights to good ideas; all input is needed. It is important we have a solid report to advance to the next phase of this endeavor, the legislative process. We look forward to the specific edits being proposed by the House Republicans."

Publisher: Crain's Chicago Business
Date: 2020-01-03T12:02:36-0600
Author: Greg Hinz
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Idaho lawmakers talk taxes, ballot initiatives and hemp | KBOI
Publisher: KBOI
Date: 2020-01-03T15:08:04+00:00
Author: KEITH RIDLER Associated Press
Twitter: @CBS2Boise
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To replace gas taxes, Oregon and Utah ask EVs to pay for road use | Ars Technica

As a result, some states are starting to grapple with the problem of how to get drivers to pay for the roads they use in cars that use less or even no gas per mile. At the start of this year, Utah has begun a pilot Road Usage Charge program , coupled to an increase in registration fees for alternative fuel vehicles.

But Utahns with EVs have an alternative. Instead of paying that flat fee, they can enroll in the pilot program that involves fitting a telematics device to the car. The device tracks the actual number of miles driven on Utah's roads.

Publisher: Ars Technica
Date: {
Author:
Twitter: @arstechnica
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