Friday, August 13, 2021

The IRS has a big opportunity to fix the way Americans file taxes - Vox

The next big Joe Biden spending package is coming: This week, the Senate narrowly passed , on party lines, a budget resolution designed to enable as much as $3.5 trillion in new spending over 10 years.

But it could also pay for an improvement to the tax system itself.

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Publisher: Vox
Date: 2021-08-13T08:00:00-04:00
Author: Dylan Matthews
Twitter: @voxdotcom
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Are you about to pay more property taxes in San Angelo in 2022?

SAN ANGELO — The City of San Angelo is mulling the idea of lowering property tax rates, but property owners still could see an increase in their bills.

During a recent budget workshop, officials with the City of San Angelo directed staff Thursday, Aug. 12, 2021, to examine reducing property taxes from last year's rate of $0.776 to a new rate of $0.770 per every $100 San Angelo homes are valued.

Publisher: San Angelo Standard-Times
Date: San Angelo Standard-Times
Author: John Tufts
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Tennessee brings in $1.5 billion in taxes over July, exceeding estimates | wbir.com

NASHVILLE, Tenn. — Tennessee's bank account grew by $1.5 billion over July from taxes, exceeding official estimates by $286.6 million.

According to Butch Eley, the Tennessee Department of Finance and Administration commissioner, most of the additional funds came from sales taxes. The General Fund grew the most out of all the state's different budgets, which is used to fund several state programs and initiatives.

Publisher: wbir.com
Date: 3:07 PM EDT August 13 2021
Twitter: @wbir
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Eagle River Man Sentenced for Evading Taxes on Gaming Machines | WXPR

An Eagle River man has been sentenced to more than a year in prison as part of an investigation into the skimming of profits from video gambling machines.

The U.S. Attorney's Office for the Western District of Wisconsin says 63-year old James Donker was sentenced Thursday to 14 months in federal prison.

Date: 2021-08-13
Author: John Burton
Twitter: @WXPR
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Some things already clear on taxes | Delta Democrat-Times

Studying Mississippi's tax structure is a good idea as long as lawmakers don't have a preconceived idea of what the end product should look like. It's clear that House Speaker Philip Gunn does.

Publisher: Delta Democrat-Times
Date: Delta Democrat-Times
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Opinion: 4 strategies to minimize taxes in retirement - MarketWatch

Type the words "safe withdrawal rate" into Google and it'll return more than a million results. I'm not surprised by this. People debate practically everything in personal finance, but the debate around this question is particularly intense.

For at least 25 years, the conventional wisdom has been that it's safe for retirees to base portfolio withdrawals on the 4% rule . But not everyone agrees. Some feel that percentage should be higher, while others feel it ought to be lower.

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Publisher: MarketWatch
Date: 2021-08-13T08:19:00-04:00
Author: Adam M Grossman
Twitter: @marketwatch
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Heber City Raises Property Taxes | KPCW

On Wednesday, Heber City voted to increase property taxes by about 10%. The vote was split 3-2 among council members.

The hike in Heber property taxes is for homes and businesses, and is the first increase since 2014. This one will go into effect starting with November bills.

Date: 2021-08-12
Author: Ben Lasseter
Twitter: @KPCWRadio
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Tourist Development Taxes Up Again in June | Sarasota Magazine

Sarasota County Tax Collector Barbara Ford-Coates' office collected more than $3.2 million in Tourist Development Taxes in June , nearly twice as much as what was collected in June 2020, and 75.6 percent higher than the pre-pandemic June 2019 figure.

Publisher: Sarasota Magazine
Date: 2021-08-13 10:34:58 -0400
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GOLDSTEIN: We pay more in taxes than food, clothing, housing combined | Toronto Sun

Despite a dramatic drop in government revenues last year because of the COVID-19 pandemic, the average Canadian family still paid more in total taxes than for the basic necessities of food, clothing and shelter, according to a new study by the Fraser Institute.

Publisher: torontosun
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Renters do pay taxes, unhappy columnists should move | Letters | dailyadvance.com

I agree with Susan Haines' letter concerning property taxes. Yes, renters pay property taxes as a part of their rent. Property owners pass on the tax increases to the renter as they occur.

Publisher: dailyadvance.com
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