Overall, both candidates support increasing taxes for corporations and higher-income-earning individuals. Additionally, both candidates endorse taxing investment income (e.g., capital gains and dividends) at ordinary income rates for certain filers and increasing the value of refundable credits for individuals and businesses that face increased marginal tax rate burdens.
As the election season enters the final stretch, we expect the Biden-Harris campaign to provide more details about how their Administration would encourage lawmakers to change the tax code.
And here's another article:
SUMMER SCHOOL 6: Taxes & Donald Duck : Planet Money : NPR
We'll take you back to the early days of the United States when the only way the government could fund itself was with a tariff on foreign imports. The problem there? A tariff was that it was pretty useless during a war when your enemies are sinking the ships full of the things you hoped to tax. And so the income tax was born...but not easily. The Constitution didn't allow it. There was no way to enforce it. And public opinion didn't seem to be on board.
Employers face payroll tax dilemma after Trump delays due date | Accounting Today
President Donald Trump's order to delay collection of payroll taxes thrusts a dilemma on U.S. companies: continue withholding the money from workers expecting bigger paychecks or pass it on and potentially put themselves or their employees at risk of a big end-of-year bill from the IRS.
Trump signed an order over the weekend deferring the due date for payroll taxes, which employers deduct from paychecks and submit to the IRS on behalf of workers. The order just defers the taxes from Sept. 1 to the end of December. The bill will come due unless Congress agrees to forgive the tax debts.
Payroll Tax Delay May Mean Problems For Workers, Employers And Social Security : NPR
Employers are supposed to stop withholding the payroll tax on Sept. 1. But companies need guidance from the IRS on exactly who is eligible to have their taxes suspended and how to keep track so those taxes can eventually be repaid. Elaine Thompson/AP hide caption
President Trump wants to give a $100 billion boost to the U.S. economy by hitting the "pause" button on workers' payroll taxes.
Were you following this:
What Trump's executive order deferring payroll taxes means for workers
With Congress unable to agree on another stimulus bill to boost the economy and support financially distressed Americans, President Donald Trump on Aug. 8 issued a series of executive orders. One is designed to put a bit more cash in workers' pockets by relaxing the requirement to withhold their payroll taxes.
The order doesn't affect everyone, and those taxes eventually must be paid. Many workers won't find all that much extra cash in their take-home pay, and unemployed people won't be helped at all by the move. Here's a closer look:
Taxes, VPNs And Office Hours: The Ultimate Forbes Guide To Working From Home
Millions of employees could be in for a rude surprise next April when they find out their home office isn't deductible and the states can't agree on who gets their money. Time to put a tax pro on speed dial?
I t's very likely that you're reading this from your home —even if you're working. As the coronavirus pandemic continues to spread across the country, many of us are finding that the new normal means not leaving the house, or at least not for work anyway.
Letters: Campaign cash | Prop. 19 praise | Taxes vs. results
The recent scandal over concealed-carry weapons permits in Santa Clara County (“ Four indicted in gun-permit scandal ,” Aug. 8) reinforces the idea that private campaign contributions should be eliminated in favor of government-funded ones applied equally to all qualified candidates.
It’s obvious that private campaign contributions to elected officials on all levels of government are corrupting our politicians to favor legislation to contributors that our founding fathers probably never imagined.
Montvale, N.J.: Friendly Neighbors, Good Schools and Low Taxes - The New York Times
Where DePiero's farm stood for generations, there is now a shopping center. The corporate offices of Mercedes-Benz, A. & P. and Sony have been shuttered, with plans in the works to redevelop their large properties into housing and mixed-use space.
The highest-profile project is on the Mercedes site, which became available after the automaker's move to suburban Atlanta a few years ago. The first three buildings in the development, with about 300 apartments and retail and office space, are scheduled to open in 2021 and 2022.
Happening on Twitter
Where does @KamalaHarris stand on foreign policy? We asked her 12 questions on topics including China, trade, an… https://t.co/NMwrZ5UBDB CFR_org (from New York, NY) Tue Aug 11 20:29:50 +0000 2020
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