Protesters wearing Guy Fawkes masks carry empty coffins during a national strike to protest a government proposal that would raise taxes, in Bogotá, Colombia, on Wednesday. Fernando Vergara/AP hide caption
BOGOTÁ, Colombia — While marching in nationwide demonstrations this week, Pablo Mora wore a face mask to protect himself from the coronavirus. But every so often, the retired security guard took it off and blew a whistle to voice his disgust with Colombia's government.
Venture capitalists spar over Biden plan to raise their taxes
President Joe Biden's pledge to pay for his comprehensive child care and infrastructure packages by raising taxes on the wealthy is creating battle lines among venture capitalists.
Even before a specific bill has been formally introduced, some Silicon Valley venture capitalists and other large investors outside California have mobilized to protest the president's plan to raise the capital gains tax, which investors pay when they sell financial assets. The opposition has started with the industry's largest lobbying group, the National Venture Capital Association, which has publicly opposed raising capital gains .
The pandemic made 2020 taxes more complicated. What to know before you file | PBS NewsHour
We spoke with Rhonda Collins, director of tax content and government relations at the National Association of Tax Professionals , about how stimulus checks, unemployment payments or home office expenses might change how you file taxes this year.
Congress approved three rounds of stimulus checks since March 2020. If you received money from any of them, it is not taxed. But each had their own qualification criteria and were primarily based on an individual’s 2019 taxes. So if your 2020 income was significantly different from the previous year, you may not have received the support you were due.
Thousands March In Colombia To Protest Plans To Raise Taxes : NPR
Protesters are taking to the streets of Colombia demonstrating against the government's mishandling of the pandemic, and its proposal to raise taxes at a time of deep economic pain.
Using Robinhood Could Cost You Thousands In Taxes, Here's Why
Selling specific lots allows an investor to smooth out returns and potentially offset other gains or losses. The IRS allows investors to offset up to $3,000 of other income with stock losses and then carry over any additional capital losses to offset future income. The Wall Street Journal used an example of a trader with Tesla shares to show how strategically deploying specific-lot identification could make a significant difference in the end of year tax bills.
Assume an investor has three Tesla shares that were bought at $400, $650, and $850 in the middle of last year. If the trader wanted to sell a single share at the current price of roughly $700, the taxable amount could swing from a huge gain to a loss depending on which share was sold. Specifically, the trader may have a $300 capital gain if she sold the share bought at $400 and a $150 capital loss if she sold the $850 share.
Need more time to file your taxes? Here’s how to get an extension | ABC4 Utah
(ABC4) – The deadline for filing tax returns – May 17 – is fast approaching. If you haven’t filed your taxes yet, you may be in luck – you may already have more time to file, or can request an extension.
The IRS estimates more than 16 million taxpayers will get an automatic extension, either by filling out a form or making an electronic tax payment.
As President Joe Biden Pushes For Trillions In Higher Federal Taxes, Many Americans Are Set To
WASHINGTON, DC - APRIL 28: U.S. President Joe Biden addresses a joint session of Congress in the ... [+] House chamber of the U.S. Capitol April 28, 2021 (Photo by Melina Mara-Pool/Getty Images)
Supporters of rate-reducing tax reform in the Arizona legislature see it as key to keeping the state regionally, nationally, and globally competitive. Like many other states, Arizona is sitting on a multibillion dollar state budget surplus. $1.2 billion of the state's $3.9 billion projected surplus is reoccurring.
HIGH TAXES, HIGH CRIME: City leader points to property taxes as factor in shrinking city | WBFF
Senators Probe Caterpillar Taxes and Possible Former AG Bill Barr Role | 2021-04-29 | Engineering
The Senate has launched an investigation into whether political interference affected a 2015 grand jury investigation of Caterpillar Inc. and its alleged practice of holding profits overseas.
Senate Finance Committee Chairman Ron Wyden (D-Ore.), and Sen. Sheldon Whitehouse, (D-R.I.), launched an investigation April 28 into whether political interference affected a 2015 grand jury investigation of Caterpillar Inc. and its alleged practice of holding profits in a Swiss subsidiary, allegedly to avoid higher tax rates in the U.S.
Nucor, company Biden cited over federal taxes, gets Kentucky tax break
The company was approved for another $3 million of potential tax breaks last month to build a $164 million tube mill in Gallatin County.
"No federal taxes on more than $40 billion in profits," Biden said. "That's not right. We're going to reform corporate taxes."
The ITEP study did not examine state taxes, but found Nucor had $1.2 billion in pretax profits in the last fiscal year, while receiving $177 million in federal tax rebates — despite a 21% federal corporate tax rate.
Happening on Twitter
Thousands of Colombians march to protest government tax proposals https://t.co/DfxFs4ppr2 https://t.co/GOZGhkrqIo Reuters (from Around the world) Wed Apr 28 20:10:23 +0000 2021
Thousands of protesters answered calls from Colombia's biggest unions to come out on streets around the country in… https://t.co/FlDaIXHWco Reuters (from Around the world) Thu Apr 29 12:15:00 +0000 2021
Thousands of Colombian protesters clashed with police across the country over a proposal for new or expanded taxes… https://t.co/6XwtPkNur1 Reuters (from Around the world) Thu Apr 29 08:20:00 +0000 2021
Tens of thousands have marched in Colombia against a proposed tax reform they say will leave them poorer as the cou… https://t.co/VTnE4ezIvS AFP (from France) Thu Apr 29 01:02:44 +0000 2021
No comments:
Post a Comment