Thursday, August 19, 2021

61% of Americans paid no federal income taxes in 2020, Tax Policy Center says

Gleckman said the main reasons for the spike — high unemployment, large stimulus checks and generous tax credit programs — will largely expire after 2022, so the share of nontaxpayers will fall again starting next year.

Despite being fleeting, the high number of nontaxpayers is sure to fuel the debate in Congress over higher taxes on the wealthy.

Publisher: CNBC
Date: 2021-08-18T21:21:00 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Will the child tax credit affect your 2022 taxes? Here's what to know about the payments - CNET

If you claim the child tax credit for fewer dependents in 2021 than you did in 2020, that could result in an IRS overpayment.

While you won't pay taxes in 2022 on the payments you receive this year, you still may need to repay the IRS some part of the advance payment when you file your income tax return in 2022.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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97 percent of small business owners won't pay more income taxes under Biden plan - U.S.

People make their way in a local street of Chinatown in the Manhattan borough of New York City, New York, U.S., March 25, 2021. REUTERS/Eduardo Munoz

WASHINGTON, Aug 19 (Reuters) - Just three percent of the nation's small businesses would see a tax increase under U.S. President Joe Biden's plan to tax the nation's highest earners to help fund a $3.5 trillion spending bill, a new U.S. Treasury analysis shows.

Publisher: Reuters
Date: 2021-08-19T16:30:52Z
Author: Jarrett Renshaw
Twitter: @Reuters
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Time remains to pay delinquent property taxes | Dawson Springs Progress | the-messenger.com

While the clock is ticking, time remains to pay delinquent Hopkins County property taxes before a tax sale is held on Oct. 13.

At Tuesday's Fiscal Court meeting, Hopkins County Clerk Keenan Cloern said the office will be advertising the bills that are still delinquent, which will come out around Sept. 15 in The Messenger.

Publisher: The Messenger
Author: Will Whaley Reporter wwhaley the messenger com
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What's on the minds of state's farmers? Worries about taxes, government spending

Illinois Farm Bureau President Richard Guebert there is a list of concerns farmers have. Among them is the cost of the state’s second-highest-in-the-nation property taxes.

Gov. J.B. Pritzker said thanks to a “boatload” of federal tax dollars, local governments should freeze or lower property taxes. Illinois farmers are concerned about growing government spending. 

Publisher: Jacksonville Journal-Courier
Date: 2021-08-18 18:37:38
Author: Greg Bishop The Center Square
Twitter: @journalcourier
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Stanly tax office sets high mark in collected taxes - The Stanly News & Press | The Stanly

The county's tax office set a new mark this past fiscal year in terms of its efforts in tax collection.

At the recent meeting of the Stanly County Board of Commissioners, Tax Administrator Clinton Swaringen made a presentation to the board.

In the 2020-21 fiscal year, the office collected the highest percent of ad valorem taxes collected on record in the county's history, 97.79 percent, according to Swaringen.

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Publisher: The Stanly News & Press
Date: 2021-08-19T15:07:47 00:00
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Taxes due in Brattleboro | Community-news | reformer.com

BRATTLEBORO — Brattleboro real estate and personal property taxes assessed upon the Grand List of 2021 are now due and payable to the Town Treasurer at the Treasurer's Office in the Brattleboro Municipal Center, 230 Main Street, Suite 111, in four equal installments as follows:

Publisher: Brattleboro Reformer
Twitter: @brattreformer
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[Letter] Is Enel telling the truth about taxes? - LebTown

Zoning exhibit from Lebanon Solar, depicting the footprint of their proposal. At 1,234 acres and 3 miles from end to end, it would be the largest solar site in the state--and one of the largest in the east.

Enel SpA is the European conglomerate behind the Lebanon Solar project located in North Annville Township. Lebanon Solar would be the largest industrial solar site in Pennsylvania, and one of the five largest in the eastern USA.

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Publisher: LebTown
Date: 2021-08-19T10:00:00 00:00
Twitter: @lebanontown
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2021 Wine Taxes in Europe | Compare France Wine Tax, Spain Wine Tax

If you have ever wondered about the tax consequences of opening a bottle of wine in Europe, today's map will provide you with some insights.

As one might expect, southern European countries that are well-known for their wines—such as France, Greece, Portugal, and Spain—either don't tax it or do so at a very low rate. But travel north and you'll see countries that tend to levy taxes on wine—and often hefty taxes.

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Publisher: Tax Foundation
Date: 2021-08-19T06:56:46-04:00
Twitter: @taxfoundation
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