Higher taxes on long-term capital gains now occupy a prime position on the agenda in Washington. There are proposals to increase the top tax rate on investment gains to as high as 39.6% from the current 20%.
Most of the proposals limit the higher capital gains tax rates to upper income taxpayers. The President's proposal would impose the higher rate on those with incomes above $1,000,000.
Will you owe taxes on interest from savings accounts? | Fox Business
Since the IRS considers interest as taxable income, you will likely owe taxes on interest from your savings account. ( iStock )
Your savings account is an essential part of your overall savings plan. For one, your savings is an investment — each time you deposit money into your savings account, you're actively investing in your financial security and well-being.
Taxes and spending transparency bill heading to governor; State Rep.
MADISON — A bill requiring increased transparency for Wisconsin taxpayers passed the state Assembly unanimously Tuesday, sending it to Gov. Tony Evers for final approval before becoming law.
As reported by WisPolitics.com , the Senate Committee on Economic and Workforce Development held a public hearing and executive session Tuesday on a bill that would eliminate the personal property tax.
Biden's Vow Not to Raise Taxes on Most Americans Limits Infrastructure Options - WSJ
WASHINGTON—President Biden's pledge not to raise taxes on households making under $400,000 helped get him elected and shaped an administration tax plan aimed at corporations and high-income households. Now, that pledge is narrowing the path toward a bipartisan deal on infrastructure.
Arizona GOP advances wish list on race, taxes, elections
Assumptions of higher federal taxes may be premature | Bond Buyer
Investors have baked in the idea that taxes will rise under the Biden administration, but bipartisan infrastructure talks have called that assumption into question in the near term.
The proposed bipartisan Senate infrastructure package does not include higher taxes for either individuals or corporations — one of the larger reasons for the muni rally this year.
Pueblo County homeowners paying higher taxes after new valuation
"I've never seen anything like it and it is going to happen with two reappraisals in a row," said Pueblo County Assessor Frank Beltran.
Beltran, who has been assessor for 13 years and worked in the office for 40 years, said the 2023 reassessment year will be rough for taxpayers, too.
Bloomberg - Are you a robot?
Exeter School Board approves budget with 1.75% increase in taxes | Local News | readingeagle.com
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