The D.C. Council voted Tuesday to increase income taxes on residents earning more than $250,000 per year, and use the revenue to tackle homelessness and other social problems.
With $2.3 billion in federal money to spend from the Biden administration's pandemic-relief funding, Chairman Phil Mendelson (D) and others argued that raising taxes would be unnecessary and inappropriate this year.
The next frontier: Spaceflight taxes? - POLITICO
"Space exploration isn't a tax-free holiday for the wealthy," said Democratic Rep. Earl Blumenauer of Oregon.
Blue Origin's New Shepard rocket launches Tuesday from Van Horn, Texas, carrying passengers Jeff Bezos, his brother Mark Bezos, Oliver Daemen and Wally Funk. | Tony Gutierrez/AP Photo
Americans Should Root for the Irish Fighting Higher Corporate Taxes - WSJ
The Organization for Economic Cooperation and Development declared earlier this month that it plans to adopt a global minimum corporate tax rate of at least 15%. It warmed my heart to see my ancestral homeland step up as one of the handful of nations to balk at this announcement.
Round Rock suing to protect millions it reaps from online sales taxes
An imminent change to how online sales taxes are collected stands to devastate Round Rock's municipal finances and upend its nearly 30-year-old incentive agreement with Dell Technologies that brought the computer maker to the suburb just north of Austin in 1994.
How Higher Corporate Taxes Would Affect You – Forbes Advisor
President Joe Biden is aiming to raise corporate taxes, meaning companies will pay a higher tax on their earnings. You might think an increase in this tax rate won't do much to impact your bottom line—but according to some economic analysts, that's far from the truth.
Billboards, Taxes, And The First Amendment
The facts of Clear Channel and Lamar that inform the bases of the taxpayers' constitutional complaints are virtually identical. Cincinnati imposes an excise tax on licenses to install billboards.
However, the facts of the two cases diverge with a provision Cincinnati's law related to the tax's imposition that prohibits billboard operators, "in any manner, directly or indirectly," from advising customers of the tax, although the operator is free to pass the tax on in the form of
Greenville County residents may get fee refunds but face higher taxes
Greenville County residents will likely get refunds related to two fees that were overturned last month by the South Carolina Supreme Court — but they also might see increased property taxes to fund road improvements and public-safety communications.
Sen. Warren: Bezos 'Forgot to Thank Americans Who Actually Paid Taxes'
Sen. Elizabeth Warren took a jab at Jeff Bezos after the world's richest man returned to Earth from his suborbital space trip with Blue Origin.
Bezos addressed a crowd on Tuesday while donning a cowboy hat, saying he wanted to "thank every Amazon employee and every Amazon customer because you guys paid for all of this."
Do You Really Want the IRS Preparing Your Taxes? | National Review
NRPLUS MEMBER ARTICLE T he capacity of left-wingers to find new ways for the government to take care of us is inexhaustible.
Last week, the tax-preparation company Intuit announced that it would no longer be offering a free version of TurboTax through the IRS program for those making less than $72,000 (though it promises to create a more effective site for low-income Americans).
Free Tax Webinar on 2021 Legislative Updates Happening July 27
Participants will learn about important legislative updates from the 2021 legislative session that pertain to taxes. They can also ask department staff any questions they may have.
The July 27 webinar is part of a series of webinars the department offers each month to give the public an opportunity to learn more about tax topics. The recorded sessions and dates for future webinars are also available on Revenue's website .
Happening on Twitter
D.C. Council votes to increase taxes on wealthiest residents https://t.co/9cAy00T9IT postlocal (from Washington, D.C.) Tue Jul 20 18:44:28 +0000 2021
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