Give yourself a big pat on the back if you have built up a nice retirement nest egg after years of scrimping and saving.
Many investors are so focused on accumulating wealth that they neglect the second part of the equation — pulling out money so that you don't deplete it unnecessarily from poor tax decisions.
Bloomberg - Are you a robot?
State orders $1 million refund for Trump on Chicago tower property taxes; Cook County moves to
The Illinois Property Tax Appeal Board has decided former President Donald Trump is due a $1 million refund on his skyscraper's 2011 tax bill, ruling last month that the Cook County Board of Review overestimated the value of the building's hotel rooms and retail space.
But the Cook County State's Attorney has filed suit with the Illinois Appellate Court, seeking to block the tax refund, which has yet to be issued.
Tame Your Taxes: Clarifying the concept of net operating losses
Net operating losses can be confusing. In this article I will explain what they are and the tax benefits that can derive from NOLs.
There are different types of losses. For a loss to be a net operating loss, it must pertain to the operation of a business, farm, ranch, medical practice, etc. for the purpose of making a profit. Nonprofit organizations and hobbies cannot have an NOL by definition.
Show time: A congressional committee will get Trump's taxes, but the public won't - New York
The fight started with six years of Donald Trump's returns, from 2013 to 2018, (assuming he filed them).
But thanks to President Biden, there are now new, normal people at Treasury, IRS and DOJ, and so Neal asked again, on June 16 . And this time, the administration lawyers said yes, because they read the law and realize any other answer is absurd.
Will your advance child tax credit payments affect your 2022 taxes? They might - CNET
If your income goes up this year, you might no longer be eligible for the full amount of the credit.
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.
State Gas Tax Rates | State Gas Tax Rankings, July 2021 | Tax Foundation
This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute.
States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales tax es that apply to the purchase of gasoline.
Letter: Your choice raises my taxes – Chico Enterprise-Record
Someone has to pay these costs. So, when you see your insurance rates go up and your taxes increased to cover these unnecessary medical expenses you can congratulate yourselves for helping to bring this about.
The rich don't pay their fair share in taxes
The authors complain that poor and middle class people are really the ones "who aren't paying their fair share.
When the federal income tax was enacted a century ago, only the richest 10% paid any tax at all. Yet today, the authors complain because "the richest 1% pay over 30%." Actually, 30% is much too low. There is no reason anyone in the bottom half should be paying any taxes at all.
Letter: Be Creative on Taxes | Opinion | thepilot.com
President Biden's proposed tax bill will be a burden on business, from what I have read from critics.
We need to help the very base of the economy to sustain growth and renew vigor in the future, not stifle it. If the corporate tax rate goes from 21 to 28 percent, why would you keep a company here when opportunities fare better elsewhere?
Happening on Twitter
I don't know what's more fascinating: -Watching the global reset of our way of life as the wealthy and powerful ga… https://t.co/BAWupI7ihq JesseKellyDC (from Houston, TX) Sat Jul 31 15:55:36 +0000 2021
Inflation is a tax increase on every American. Yet in Ohio last week, President Biden said: "I don't know anybody …… https://t.co/bPiKHU0Gtw GOPLeader (from Bakersfield, CA) Sat Jul 31 22:29:31 +0000 2021
I don't care about left & right. I care about right & wrong.I believe most Americans feel the same way. I know this… https://t.co/YyL5QKd49d laralogan Sun Aug 01 00:30:15 +0000 2021
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