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Mexico's President Andres Manuel Lopez Obrador speaks during a news conference about the results of the mid-term election, at the National Palace in Mexico City, Mexico June 7, 2021. REUTERS/Henry Romero/File Photo
MEXICO CITY, June 15 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday he would not be sending any initiatives to Congress to increase taxes, lending weight to evidence that a planned fiscal reform by his government will be modest in scope.
June 15 deadline to file state and federal taxes in Oklahoma – FOX23 News
Tuesday, June 15 is the deadline to file your state and federal taxes, but you can still get a last-minute extension.
The deadline across the country was pushed back from April 15 to May 17 because of the pandemic. Then in Oklahoma, it was pushed back again to June 15 because of February winter storms . As a result of the disaster declaration issued by FEMA, the Internal Revenue Service announced the tax deadline extension for all Oklahomans. The Oklahoma Tax Commission followed suit with their own extension.
The misleading claim that Biden would raise taxes $28,000 per household - The Washington Post
"The President's budget will increase taxes roughly $28,000 per household. Do you support paying more taxes next year?"
The RSC document compares and contrasts President Biden's fiscal 2022 budget with the budget drafted by the committee itself. The RSC started almost 50 years ago as a conservative outpost in the House but has since evolved into a very influential caucus, with nearly three-quarters of House Republicans listed as members.
Study: Large Farms, Ranches Would Pay Hundreds of Thousands in Higher Taxes
Proposed changes to stepped-up basis and other tax provisions from the Biden administration and Democratic members of Congress have raised alarm bells on farms and ranches.
"Under current tax law, only two of the 94 representative farms would be impacted by an event triggering a generational transfer," the study found.
"By contrast, under the STEP Act, 92 of the 94 representative farms would be impacted, with additional tax liabilities incurred, averaging $726,104 per farm. Under the 99.5% Act, 41 of the 92 representative farms would be impacted, with additional tax liabilities incurred, averaging $2.17 million per farm.
Gwinnett tax commissioner will pocket $34k for collecting city taxes
Gwinnett County commissioners approved tax-collection contracts with three cities Tuesday that will raise the tax commissioner's salary by more than $34,000.
The 4-1 approvals come after legislators tried to stop Tax Commissioner Tiffany Porter, a Democrat elected in November, from charging cities per-parcel fees to collect taxes for them. The new law also targeted Fulton County Tax Commissioner Arthur Ferdinand, who for years has engaged in the practice to boost his own salary.
Wilmington, New Hanover property taxes could increase this year
The tax rate that's proposed in the budgets of New Hanover County and the city of Wilmington is lower than last year but remains higher than a revenue neutral rate. Because of the new property revaluations released early this year, property taxes could go up this year for many New Hanover residents.
The property revaluation happens in New Hanover County every four years and appraises a property's value in current market conditions. While property values did not increase for everyone, the total value of property in the county jumped 30% from the last valuation in 2017, giving local governments more value to tax.
How Private Equity Firms Avoid Taxes - The New York Times
There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.
Overseen by a senior Treasury official whose previous job involved helping the wealthy avoid taxes, the new regulations represented a major victory for private equity firms. They ensured that executives in the $4.5 trillion industry, whose leaders often measure their yearly pay in eight or nine figures, could avoid paying hundreds of millions in taxes.
The Right Note: Getting Ready to Lock in Higher Taxes | ARLnow.com
The County Board returned to in-person meetings this month. While this return to normalcy receives a “thumbs up,” the Board immediately announced plans to lock in higher taxes.
The Board did so by voting unanimously to advertise collective bargaining for county employees and prevailing wage on construction projects, both of which are likely to be approved in July.
The Democrats have held a majority on the Arlington County Board for more than three decades. The idea that they could not have paid county staff and first responders more over the years without collective bargaining is laughable.The politicians were only restrained by their perceived tolerance of the county’s residents to pay higher taxes. And of course, this tolerance is very high compared to most places across America.
North Fulton cities set budgets while awaiting direction on property taxes
Home prices across metro Atlanta's 28 counties soared 17% between March 2020, when the pandemic began, and March 2021, according to Re/Max Around Atlanta. That pushed the median sales price to $308,045.
Alpharetta expects about a 1.4% increase in residential property taxes, said city Finance Director Tom Harris. An Alpharetta home that increased in value to $450,000 could see a property tax increase of about $13, Harris said.
Happening on Twitter
Mexican president @lopezobrador_ insisting that there's a part of the middle class "very susceptible to manipulatio… https://t.co/iFMeEHIzzk el_reportero (from Distrito Federal, México) Mon Jun 14 18:08:46 +0000 2021
Mexican President AMLO attacks the middle classes for turning away from him, particularly ones with college degrees… https://t.co/MzpoJIzfz8 davidluhnow (from CDMX) Sat Jun 12 18:22:04 +0000 2021
Mexican president @lopezobrador_ has a problem with the middle class, because they went to university, have 'aspir… https://t.co/uDbgKXLevA jahootsen (from Mexico City) Fri Jun 11 22:58:00 +0000 2021
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