For 100 years now, capitalism has had a pro-leverage bias. Unlike dividends, which are paid only after the state has taken its share of earnings, interest is deducted from pretax profit, shrinking the pie available to the government.
This accounting oddity, which treats debt capital more favorably than equity, has driven the leveraged buyout industry, led to a correction in a foundational paper by a pair of Nobel economics winners, and played a role in the 2008 financial crisis. Disaffection with this anomaly has long swirled as an undercurrent, especially in tax-starved developing economies. The coronavirus is reheating the debate.
Not to change the topic here:
Didn't file taxes? Here's how you can get your stimulus check faster and electronically
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/arc-anglerfish-arc2-prod-gmg.s3.amazonaws.com/public/43UTI2MT2BCULJ47EAJUNMBFIQ.jpg)
Direct deposit is the preferred method for the government to issue the money, but paper checks will be mailed eventually as well. Many Americans do not file taxes or haven't updated their banking information since the last time they filed. The IRS is now allowing people to add new electronic banking information.
Non-filers can complete an application on the IRS website with simple information so the agency has the most up-to-date banking details on file.
Virus Relief Efforts Give Rise to New Tax Strategies - The New York Times
Adam Schwartz, who runs his family's 100-year-old manufacturing company with his brother, Hy, has spent a month sifting through tax incentives for their business. At the same time, his wealth advisers have made him acutely aware of the personal tax planning options that the economic downturn has created.
Like most small-business owners, Mr. Schwartz said his primary goal was keeping the company, S&S Worldwide , which makes arts and crafts supplies for schools, camps and nursing homes, in a position to recover when the pandemic was over.
Cedar Falls Schools' budget proposal includes 2% more in taxes | Education News | wcfcourier.com
CEDAR FALLS — Property tax collections will rise 2.1% for Cedar Falls Community Schools under a proposed 2020-21 budget.
The Board of Education Monday will consider approving the $91.52 million budget for the fiscal year starting July 1, which includes $29.65 million in tax collections. That is $609,259 more in taxes than during the current year.
Board members got their first look at the budget and tax levy last month. Despite the projected growth in overall taxes, a healthy increase in the district's assessed property valuation will contribute to lower taxes for individual homeowners. That is particularly true of homeowners whose assessed value isn't growing.
This may worth something:
Best tax software for 2020: TurboTax, H&R Block, TaxSlayer and more compared - CNET
Maybe you're thinking back to last year's income tax filing deadline, when you were scrambling at the last minute to gather all your forms and trying to navigate federal and state income tax codes. Sure, you were saving money by not hiring experienced tax preparers for help, but now you're wondering if it would have been better than going through the hassle of filing your own taxes.
Choosing a tax prep and filing software that's right for you and your income can seem complicated and time-consuming. But we've waded through all the features and fine print to show you some of the best tax software suited for taxpayers' needs.
Volunteer tax preparers help low-income families get their stimulus payments - CNNPolitics
More details on IRS tool for those who didn’t file taxes in 2018-19 to receive stimulus
The tool is called a 'Simple Tax Return', and was reported on at the end of the week. It's geared toward those who fall into low-income categories, or aren't qualified to file taxes under ordinary circumstances.
If you filed a tax return in 2018 or 2019 — then you won't need to fill out any additional forms. The checks are expected to drop in bank accounts within the next 7-10 days.
A letter will be sent to those who received them afterward confirming receipt. Individuals who make less than $75,000 will receive a check for $1,200. Couples who make less than $150,000 will receive checks for $2,400.
Deadline for 2nd installment of 2019-20 property taxes extended | KRCR
Happening on Twitter
This is a costly lesson for some of you young ballers. There's a good chance there may not be no AAU live period. S… https://t.co/emeHJtr6wT JLEnterprises (from Houston, TX) Wed Apr 08 04:33:16 +0000 2020
No comments:
Post a Comment