Thursday, August 20, 2020

Hutchins Roundup: Labor share, capital gains taxes, and more

Publisher: Brookings
Date: 2020-08-20T15:00:03 00:00
Author: Sophia Campbell Lorena Hernandez Barcena and Louise Sheiner
Twitter: @BrookingsInst
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Quite a lot has been going on:

Texas could freeze property taxes in cities that defund police, governor warns - CNN

(CNN) Texas Gov. Greg Abbott has announced plans to freeze property taxes in cities that vote to defund their police departments . The state is particularly dependent on property taxes for revenue, so the move could be stifling.

Publisher: CNN
Date: 2020-08-20T17:27:23Z
Author: Scottie Andrew CNN
Reference: (Read more) Visit Source



Are New Property Taxes Coming in Canada? - Mansion Global

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week's question.

Q. How are property taxes determined in Canada? I read that there is a national proposal to implement a new tax on home sales.

A. There are no current proposals for a federal homeowners tax, according to Romana King, director of content at Zola.ca, an online national real estate marketplace in Canada and its largest independent brokerage.

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Date: 2020-08-20T11:22:00.000Z
Author: V L Hendrickson
Twitter: @mansionglobal
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Roseland Municipal Taxes Increase .67% for 2020 | TAPinto

ROSELAND, NJ — Roseland Borough Council President Chris Bardi presented a PowerPoint presentation during Tuesday's council meeting highlighting the 2020 tax bill, which shows an increase of .67 percent over the 2019 bill.

A homeowner with a home assessed at the borough average of $466,970 will see a $17.29 increase for the new fiscal year. The total amount needed to be raised for municipal purposes, excluding the Roseland Public Library budgetary needs, is $9,943,241.25.  Although the municipal budget was originally approved unanimously by the council this past May, now that Essex County’s figures are confirmed the budget is now finalized.

Publisher: TAPinto
Reference: (Read more) Visit Source



While you're here, how about this:

The Day - Montville to mitigate taxes on farmers with new ordinance - News from southeastern

At a moment of historic disruption and change with the ongoing COVID-19 pandemic , the calls for social and racial justice and the upcoming local and national elections , there's never been more of a need for the kind of local, independent and unbiased journalism that The Day produces.
Please support our work by subscribing today.

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Montville — Hunts Brook Farm owner Robert Schacht did farmers in town a favor when, in early March, he approached Mayor Ron McDaniel with an idea: any building used in farming to be exempt from property tax.

Publisher: The Day
Date: 20200820134719
Twitter: @thedayct
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Property Taxes in Statesboro Set to Creep Up Almost 5% - AllOnGeorgia

Property owners in the City of Statesboro will see a slight increase on their property tax bill this year if the city council approves the millage rate as proposed.

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The City of Statesboro has announced its intention to set the millage rate at 7.03 mills, a rate that is steady from previous years but will show an increase on tax bills due to increased values on property assessments by the tax assessor.

The millage rate for city residents has been 7.03 mills since tax year 2017, when city council approved a 16.38% increase. Improved property values have since contributed to an increase on tax bills in the years that have followed, topping at 5.40% in 2018, 5.11% in 2019, and 4.86% in 2020 if council approves the rate as advertised.

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Publisher: AllOnGeorgia
Date: 2020-08-20T18:06:07 00:00
Author: https www facebook com jessica szilagyi
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Payroll taxes: Businesses say Trump's executive action is 'unworkable' - CNNPolitics

(CNN) Business leaders are pouring cold water on President Donald Trump's push to defer payroll taxes , saying that workers could wind up owing a lot to Uncle Sam in 2021 under his plan.

Publisher: CNN
Date: 2020-08-19T14:03:03Z
Author: Tami Luhby CNN
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What's the Illinois Fair Tax? The graduated income tax, explained. - Chicago Tribune

Illinois voters in November will be deciding on an issue that will impact both the state's financial future and their own pocketbooks: an amendment to the state Constitution that would replace Illinois's flat-rate income tax with a graduated-rate structure.

Why change the way income is taxed? And how would the new rate affect what residents end up paying?

Here is your one-stop guide to the proposed amendment: Where it came from, how it's proposed to work and who will ultimately be affected.

Publisher: chicagotribune.com
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Author: Verity Sturm
Twitter: @chicagotribune
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