Wednesday, September 29, 2021

Romanian truckers, hit by taxes at home, tempted by British jobs | 1330 & 101.5 WHBL

Romanian truckers, hit by taxes at home, tempted by British jobs | 1330 & 101.5 WHBL

BUCHAREST (Reuters) – For 32-year-old Romanian international trucker Nicolae, Britain's driver crisis could be just what he needs to keep his small business afloat.

Britain's shortage of about 100,000 truck drivers, the result of workers leaving the industry, Brexit and the pandemic, has caused havoc with supply chains, with gas station pumps running dry in cities across the country.

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Publisher: 1330 & 101.5 WHBL
Author: Syndicated Content
Twitter: @WHBL
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Reforming Federal Capital Gains Taxes Would Benefit States, Too – ITEP

Congress's action or inaction on federal tax changes under consideration in the Build Back Better plan could have important implications for states on many fronts.

Lawmakers are still debating whether to reform taxes on capital gains, or the income that investors—especially wealthy investors—see when their assets grow in value over time.

Publisher: ITEP
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Back taxes have Percy Julian home in peril - Oak Park

Just before chemist Percy Julian and his family were to move into their Oak Park home in 1950, someone broke in, poured kerosene on its floors, then threw a firebomb through the bedroom window belonging to his 6-year-old daughter Faith.

Seventy-one years later, Faith Julian, the sole surviving member of her family, faces the prospect of losing that home again.

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Publisher: Oak Park
Date: 2021-09-28T17:27:19 00:00
Twitter: @OakPark
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Constructive Sales Could Trigger Crypto Taxes Without You Even Selling

Before we talk about constructive sales, it's important to understand the default tax rules for reporting cryptocurrency gains. Typically, crypto gains are not taxed until they are realized. You realize cryptocurrency capital gains when you actually cash out or convert one coin with another.

However, a constructive sale could happen even when you don't actually trade your coins.

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Publisher: Forbes
Date: 2021-09-29
Author: Shehan Chandrasekera
Twitter: @forbes
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If you think property taxes are high now ... - StarTribune.com

The Star Tribune recently carried the headline, "Property taxes projected to spike in St. Paul" ( Metro cover, Sept. 28 ). Homeowners had better brace themselves. They will shoulder more of the city's tax burden if the tenant-drafted rent control measure on St. Paul's November ballot is approved.

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Publisher: Star Tribune
Twitter: @StarTribune
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Sotheby's must face New York claims it helped rich collector dodge taxes | Reuters

A logo is pictured on Sotheby's in Geneva, Switzerland, June 21, 2020. REUTERS/Denis Balibouse/File Photo

NEW YORK, Sept 28 (Reuters) - Sotheby's must face a lawsuit by New York's attorney general accusing the auction house of fraudulently helping a wealthy art collector dodge millions of dollars of sales taxes, a state judge has ruled.

Publisher: Reuters
Date: 2021-09-28T19:21:26Z
Author: Jonathan Stempel
Twitter: @Reuters
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If you overpaid on your property taxes in Cook County, you’re due for a refund | WGN Radio

Cook County Treasurer Maria Pappas joins Steve Bertrand on Chicago’s Afternoon News to explain why $25.4 million in automatic refunds will go out to homeowners who overpaid their first installment property taxes.

Officials with the U.S. Geological Survey confirmed Wednesday that an eruption has begun in Kilauea volcano's Halemaumau crater at the volcano's summit.

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Publisher: WGN Radio 720 - Chicago's Very Own
Date: 2021-09-29T23:24:19 00:00
Author: balthimer
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TPC: The Ways & Means Reconciliation Bill Would Raise Taxes On High Income Households, Cut

WASHINGTON, DC - SEPTEMBER 14: U.S. Rep. Richard Neal (D-MA), Chairman of House Ways and Means ... [+] Committee. (Photo by Alex Wong/Getty Images)

As a result of the individual income, payroll, and estate tax changes, only a handful of households making $500,000 or less would pay more in taxes in 2022 than under current law.

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Publisher: Forbes
Date: 2021-09-28
Author: Howard Gleckman
Twitter: @forbes
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Otter Tail County property taxes to rise in 2022 to support internet access, deputy pay | Echo

Otter Tail County property owners as a group will pay 4.74% more in property taxes in 2022, according to preliminary numbers released at the Otter Tail County Commission meeting on Tuesday, Sept. 28.

That doesn't mean that each property owner will pay that rate, said Wayne Stein, county auditor-treasurer. Some will see their tax rate fall, and some will see their property tax rise more, if, for example, they added a new building on their land.

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Publisher: Echo Press
Twitter: @Echo Press
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