Reports that President Trump paid little to no taxes in the last 20 years spotlighted the IRS's lax enforcement. As the agency strains under budget cuts, rich people are less likely to be audited.
Quite a lot has been going on:
Sununu Files Suit Against Mass. Over Taxation of NH Remote Workers – NBC Boston
Gov. Chris Sununu is suing Massachusetts for launching what he called a "direct attack," on the "New Hampshire advantage," by taxing the income of residents who no longer commute to the Bay State for work due to the coronavirus pandemic.
"Massachusetts cannot balance its budget on the backs of our citizens, punish our workers for making the decision to work from home and keep themselves and their families and those around them safe. New Hampshire has no choice but to seek relief in our nation's highest court," Sununu said. "We're going to fight this unconstitutional attempt to tax our citizens every step of the way. And we are going to win."
Here's what the tax rate could be for high earners under Biden's plan
High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden's tax plan, according to experts.
While Americans earning less than $400,000 would, on average, receive tax cuts under Biden's plan , the highest earners would face double-digit increases in their official tax rates, according to nonpartisan analyses. In California, New Jersey and New York City, taxpayers earning more than $400,000 a year could face combined state and local statutory income tax rates of more than 60%.
Trump's tax returns: Why the Supreme Court should end things now
Were you following this:
PROPERTY TAXES DUE BY NOVEMBER 16TH - KQEN News Radio
The Douglas County Tax Collection Office is starting to mail property tax statements for the 2020-2021 property tax year, this week.
* * *
*Mail payment in the envelope provided for the quickest processing. Payment can be made by cashier's check, money order or personal check
*Place payment in one of the department's drop boxes. They are located in front of the Douglas County Courthouse or in the hallway outside the Tax Collection office.
Assessing the Economic Impact of Biden's Tax Plans - The New York Times
If he becomes president, Joe Biden has pledged to increase taxes on large companies and high earners. This has become a talking point for both campaigns: Mr. Biden pitches it as a way to fund growth-boosting stimulus, while President Trump says it will derail the economic recovery and scare companies away.
Moody's has predicted that if Mr. Biden wins and Democrats control both the House and Senate, G.D.P. would be 4.5 percent larger at the end of 2024 than under current policies, with gains from stimulus spending outweighing drag from tax increases.
AP FACT CHECK: Trump's falsehoods on virus, taxes and Bidens – The Denver Post
WASHINGTON — Back fully campaigning after COVID-19 sidelined him, President Donald Trump returned to familiar form, spreading a litany of falsehoods.
Over the weekend, he asserted yet again the virus was "rounding the corner" when it isn't, misrepresented Democratic rival Joe Biden's tax proposals and resurrected unfounded claims about Biden and the business dealings of his son, Hunter Biden, in Ukraine.
The statements came after Trump and Biden bid for a late advantage this past week in competing forums that replaced a canceled presidential debate. The two are to meet Thursday in the last scheduled debate before the Nov. 3 election.
Letter: Don't increase oil taxes - Anchorage Daily News
Almost every community in the state has experienced reduced retail services, closed restaurants and vacancies in office space or commercial buildings. These conditions have resulted in a loss of jobs, decline in the economy and decrease in economic activity, all contributing to a negative impact on the residential and commercial real estate market.
Now the supporters of Ballot Measure 1 want to add salt to an open wound. As the voice for real estate in Alaska, the Alaska Realtors are strongly opposed to the passage of Ballot Measure 1. This measure creates a disincentive to the oil industry to stay and invest in the development of Alaska's resources by increasing production taxes 150% to 300%.
Happening on Twitter
Lower-income taxpayers claiming the Earned Income Tax Credit were more than ten times as likely to be audited last… https://t.co/5ucZ3iVZWn HorsleyScott Mon Oct 19 21:49:34 +0000 2020
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