Social Security benefits can go a long way toward helping you enjoy a more financially secure retirement. However, you may not collect as much as you think.
Your monthly checks are subject to both state and federal taxes, and these taxes can take a significant bite out of your benefits. If you're going to be depending on Social Security to pay the bills in retirement, taxes could wreak havoc on your financial plans.
Whose taxes are going up?
Congressional lawmakers are still hammering out a deal on President Biden’s multitrillion-dollar spending package that would boost funding for infrastructure and clean energy, along with social spending initiatives.
The president said this week he has agreed to cut the mammoth $3.5 trillion price tag, and reports have suggested lawmakers will land somewhere between $1.75 trillion and $1.9 trillion.
Bloomberg - Are you a robot?
Toms River Council Candidates Discuss Taxes - Jersey Shore Online
TOMS RIVER – Candidates on the November ballot discussed taxes and why they'd be the best choice to represent their ward.
The town is run by a mayor and a seven-member council. The town is broken up into four wards. Each ward has a council member. The other three (at-large) council members and the mayor can be from any area of town. Council seats are four years.
Biden aides pitch massive shift in tax plans for economic agenda - The Washington Post
While the Biden administration initially proposed increasing the corporate tax rate to 28 percent, a move that would partially unwind the tax cuts under former president Donald Trump, the president's aides on Wednesday instead discussed an alternative range of tax hikes, likely excluding a
Instead, Biden's advisers said that they are pursuing a range of ideas that could still raise substantial sums of money from corporations and the rich, including a tax on billionaires' assets that would resemble a more modest version of the wealth tax championed by Sen. Elizabeth Warren (D-Mass.).
Phone Bill Higher Than Normal? Wireless Taxes and Fees Just Hit a New Record - Crossroads Today
Your cellphone bill is probably higher this year — even if your wireless company didn't raise the monthly rate. That's because wireless taxes and fees have surged to an all-time high.
According to a new report by the Tax Foundation, a nonprofit think tank, the national average tax rate for wireless services in 2021 is 24.96%.
Analysis: Texas property tax cut measure passed with the long game in mind | The Texas Tribune
/static.texastribune.org/media/files/e6a25cb17ab2c3572ed710eb3748ddc0/Housing%20North%20Austin%20AI%20TT%2007.jpg)
Allen Harris | Mind Your Business: Planning for higher taxes | Business | berkshireeagle.com
The author says that the IRS is going to come down hard on businesses, scrutinizing some gray-area deductions. You've got to find ways to reduce taxes in other ways.
Ending the state and local taxes (SALT) deduction
Stamford mayoral candidate Bobby Valentine suing city over property taxes
Bobby Valentine has been involved in an 18-month legal dispute with the city over a tax bill for his 2.57-acre North Stamford estate.
State Rep. Caroline Simmons, a Democrat running for mayor of Stamford against Bobby Valentine, a former longtime Republican who is campaign as unaffiliated.
No comments:
Post a Comment