Senate Democrats aim to fund a $3.5 trillion budget measure partly on the backs of higher taxes for corporations and the wealthy, according to a budget framework issued Wednesday.
Democrats would "prohibit" tax increases for households earning less than $400,000, as well as other groups like small businesses and family farms, as they seek to raise revenue for clean-energy initiatives and an expansion of the social safety net, according to the outline.
Child tax credit payments will start hitting bank accounts today.
WASHINGTON — Most eligible families in the U.S. will get their first monthly payments of the expanded child tax credit Thursday.
The payments , which were included in the American Rescue Plan , change an existing tax credit by expanding the eligibility pool and increasing the money families get.
Carbon border taxes are defensible but bring great risks | The Economist
C ARBON PRICES are the most cost-effective way to fight climate change—but for them to work properly, emissions must be priced everywhere.
There are sound reasons for applying carbon prices to imports. But working out how to go about it without causing a cycle of damaging protectionism is a conundrum.
IRS to send out 4 million refunds this week to people who overpaid taxes on unemployment benefits
Americans who received jobless benefits after the pandemic closed businesses last year are finally starting to get the tax relief they were promised when the American Rescue Plan was signed into law in March.
The stimulus package allows them, if they're part of a household that's earned under $150,000 in annual gross income, to exclude up to $10,200 in unemployment benefits from their taxable income.
Kardashians Win $13.5M Beauty Lawsuit, IRS Collects Taxes
SANTA MONICA, CALIFORNIA - NOVEMBER 10: (L-R) Kris Jenner, Kourtney Kardashian, Khloé Kardashian and ... [+] Kim Kardashian attend`Kim Kardashian the 2019 E! People's Choice Awards at Barker Hangar on November 10, 2019 in Santa Monica, California. (Photo by Frazer Harrison/Getty Images)
Buy Passport With Bitcoin, Escape Taxes?
Bloomberg - Are you a robot?
Walters: Who should get online sales taxes?
While 1% may not sound like much, if it's 1% of $700 billion, it's a lot of money to anyone not named Bezos, Gates or Buffet.
Californians spend roughly that much each year on taxable goods, everything from chewing gum to earthmoving equipment, and sales taxes can run as high as 10%.
How much money Colorado's nicotine, increased cigarette taxes generated
Proposition EE, which was passed by voters in November and made the taxation changes, went into effect in January, raising the taxes on a pack of cigarettes to $1.94 from 84 cents
A new nicotine tax and an increased tax on cigarettes and other tobacco products in Colorado generated more than $34 million in their first five months, according to a data analysis by The Colorado Sun.
Don Keelan: When news reporting about taxes can be misleading - VTDigger
This commentary is by Don Keelan, a retired certified public accountant and a resident of Arlington.
Two aspects of the headline piqued my interest: Just how did IRS personal income tax files get into the hands of the press, and second, how do the rich avoid income taxes?
Happening on Twitter
🚨🚨 Democrats are trying to sneak mass amnesty for millions of illegal immigrants through Congress under the cover o… https://t.co/tMUCA5zPTX SteveScalise (from Jefferson, LA) Thu Jul 15 14:40:42 +0000 2021
Senate Democrats' budget reconciliation package includes a historic expansion of Medicare to cover hearing, dental… https://t.co/F7SbCi4ZEO RBReich (from Berkeley, CA) Thu Jul 15 00:16:30 +0000 2021
The landmark budget resolution that Senate Budget Democrats reached agreement on will pave the way to fight climate… https://t.co/0q18P2jbnU SenSchumer (from New York, NY) Wed Jul 14 23:47:59 +0000 2021
Democrats are going to go for a full amnesty in the budget bill. We need to mobilize https://t.co/c9obrQD24K RyanGirdusky (from New York City) Wed Jul 14 19:31:11 +0000 2021
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