The digital economy has radically changed the way consumers buy goods and services—and upended the principles of modern taxation. Companies now create economic value without any physical presence, which leaves government without a way to tax them.
Many things are taking place:
IRS Free File offers free tax prep options for military personnel | WICS
New bill aims to lower Nebraska sales tax rate by taxing services
LINCOLN, NE 67 percent of Nebraska's economy is service-based, according to the Platte Institute, but most of those industries aren't taxed. One senator wants to change that.
Right now the state consumes about $77 billion in goods and services each year. Albion Senator Tom Briese says he wants to lower the state sales tax rate to 4 percent or even lower but that would include previously excluded services.
Elisha Andersen and her husband opened The Tattoo Shop on 27th street six years ago. A service-based industry that is currently sales tax exempt in the state of Nebraska.
Clark County teacher's union files petition to raise gaming taxes for more school funding | KSNV
Many things are taking place:
These important tax changes in the Secure Act have nothing to do with retirement - MarketWatch
On Dec. 20, President Donald Trump signed into law the imaginatively acronym-ed Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The new law is mainly intended to expand opportunities for individuals to increase their retirement savings. It also includes some other important tax changes that have nothing to do with retirement.
In an earlier column, I covered the three most important changes that can affect individuals. See here . But there's more. In this column, I'll cover the rest of the important changes for individuals. Here goes.
'It's damaging people': Republican Idaho state senator proposes sales tax increase to reduce
BOISE, Idaho — Taxes and school funding go hand in hand, it's how Idaho brings in money to pay for what accounts for half of the state's yearly spending. For almost 14 years, the state of Idaho has sat on a 6% sales tax, but now Sen. Jim Rice, a Republican from Caldwell, is considering a 1% increase.
* * *
"What's going on is property taxes are rising faster than people can keep up with," Rice said. "It's damaging people, it is creating circumstances where people can be taxed out of their homes, especially senior citizens."
New Jersey to revive millionaire's tax push amid wealthy exodus | Fox Business
Radio show host, actor and comedian Joe Piscopo provides insight into Gov. Phil Murphy's, (D-N.J.), push to renew the exclusive millionaires tax on the wealthy.
New Jersey’s Democratic Gov. Phil Murphy is once again expected to push for higher taxes on the state’s wealthy residents this week.
* * *
In his State of the State address scheduled for Tuesday, Murphy will revive a push for the so-called millionaire’s tax, which would raise taxes on people earning more than $1 million.
Union will ask voters to raise taxes to raise teachers' pay - KYMA
PHOENIX, Ariz. (KYMA, KECY) - Arizona's largest teachers union says it will ask voters to raise taxes on those with the highest incomes to pay for teachers' raises.
The Arizona Education Association announce plans Monday for a ballot measure imposing a 3.5% income tax on individuals who make more than $250,000 and couples who make more than $500,000.
The state Supreme Court blocked a similar initiative after the 2018 "Red for Ed" teacher walkout. The strike did boost pay for teachers, but education groups said it didn't go far enough to secure future pay increases.
Happening on Twitter
Let me pass this message along: if you are getting tickets for the AFC Title Game, get them directly from the box o… https://t.co/G6NMuVwjjS cdotharrison (from Kansas City, MO) Tue Jan 14 00:04:32 +0000 2020
No comments:
Post a Comment