Democratic presidential nominee Joe Biden has unveiled another piece of his economic plan — and it will be financed by taxes on real estate investors with incomes of $400,000 and above.
The $775 billion "caring economy" plan, which seeks to support care for children and the elderly, would target tax breaks for "like-kind" 1031 exchanges , a senior campaign official told Bloomberg. The plan would also prevent investors from deducting real estate losses from their taxable income.
Many things are taking place:
Bloomberg - Are you a robot?
U.S. Companies Get Tax Reprieve in IRS Foreign-Income Rules - WSJ
WASHINGTON—The Treasury Department relaxed some tax rules on U.S.-based multinational corporations, issuing final regulations Monday that give relief to companies operating in high-tax foreign countries.
The final rules gave companies some but not all of what they wanted and will reduce the U.S. tax burden on companies operating in places such as Germany and Japan. The change may encourage them to invest more in such high-tax places, according to an analysis by the Treasury Department and Internal Revenue Service.
Cuyahoga County wants to help people struggling to pay property taxes - cleveland.com
CLEVELAND, Ohio — Cuyahoga County homeowners might notice something new when they open their property tax bills this summer — a letter from County Executive Armond Budish promising help if they're struggling to afford their semiannual payment.
The deadline for 2020′s second-half payments was delayed to Aug. 13 due to coronavirus, but the Budish administration anticipates the pandemic will leave many people unable to pay current or delinquent taxes.
And here's another article:
Coalition urges Congress to make provider relief funding tax deductible
Essential Politics: California needs $28 billion in taxes by the end of July - Los Angeles Times
Among the many unprecedented challenges faced by Gov. Gavin Newsom and California legislators in crafting the budget signed into law last month, few were as foundational as the lack of solid data about how much money the state government would have to spend.
* * *
Newsom gave California taxpayers an automatic extension of the April 15 deadline to pay their personal income taxes, moving the date to July 15. Those who normally pay their taxes quarterly were also allowed to use the new due date.
Resolving a condo dispute about percentage of ownership — and property taxes - The Washington Post
Q: I am on the board of a condo association, and it was brought to our attention by a past owner who was selling his unit that a potential buyer noticed the par value noted in the governing documents of our association did not match that in the multiple listing services in our local tax assessor's tax base.
Upon review, we found the three penthouse units in our complex were incorrectly drawn in the plats. One of the units is way off on its square footage. This was the first time it was brought up since our condominium building was put up.
What Will An American Carbon Tax Cost You?
This pipe could make money under a carbon tax. (Petra Nova Carbon Capture Project. NRG Energy Inc. ... [+] WA Parish generating station. Photographer: Luke Sharrett/Bloomberg
How much are you willing to spend to save the earth? How about an extra 89 cents per gallon? That's about how much a nationwide carbon tax would cost every time you stop for a gasoline fill up. Whether or not you think that's affordable could very well presage how well you'll adjust to a hypothetical Biden administration.
Happening on Twitter
Joe Biden unveils a $775 billion plan to bolster child and elder care, financed by taxes on real estate investors w… https://t.co/L4Mwq3jLCF business (from New York and the World) Tue Jul 21 10:32:17 +0000 2020
2/ Fred Trump, a white supremacist, milks the system to get the government to pay for a billion dollars in real est… https://t.co/AXOGgX9pX9 BriannaWu (from Dedham, MA) Sat Jul 18 20:55:15 +0000 2020
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