Wednesday, October 27, 2021

America’s Richest Would Finally Pay Taxes on Most of Their Income Under Wyden’s Billionaires

The Billionaires Income Tax released today by Sen. Ron Wyden, chairman of the Senate Finance Committee, would ensure that the very richest Americans pay personal income taxes on all of their income each year, just as the rest of us already do.

Publisher: ITEP
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Uber-Wealthy Taxes Could Get In The Way Of Real Tax Reform

Despite a deep recession across America, and historical poverty and unemployment numbers, the high ... [+] end boutique stores of Madison Avenue on Manhattan's Upper West Side continue to sell the very idea of what it means to be extremely wealthy.

The confidential tax records obtained by ProPublica show that the ultrarich effectively sidestep this system.

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Publisher: Forbes
Date: 2021-10-26
Author: Erik Sherman
Twitter: @forbes
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Man Who Does Not Pay Taxes Alarmed At The Prospect Of Paying Taxes

Let's start with a quick primer on the proposed change. Senator Ron Wyden of Oregon has suggested an update to the current tax code, one that would affect long-term capital gains taxes for millionaires and billionaires.

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Publisher: Jalopnik
Date: 2021-10-27T14:55:00.272Z
Twitter: @jalopnik
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Overdue tax notices getting mailed out

The Baxter County Collector's Office will mail out 4,800 overdue notices to businesses and individuals that have not paid their 2020 real estate and personal property taxes, Collector Teresa Smith said Monday morning.

The notices, which are neon green postcards, inform the recipients that they have unpaid taxes that are now overdue. The postcards do not say how much money the recipient owes and lists several ways to contact the Collector's Office to find out what amount is due.

Publisher: The Baxter Bulletin
Author: Scott Liles
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Bloomberg - Are you a robot?
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Worried About Taxes Going Up? 9 Ways To Reduce Tax

While there likely isn't a magic bullet to wipe out your tax bill, there are ways to layer tax-efficiency into your plan. If you're concerned about the possibility of tax rates going up or just looking to reduce your taxable income in 2021, consider these tax planning techniques.

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Publisher: Forbes
Date: 2021-10-26
Author: Kristin McKenna
Twitter: @forbes
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Combined wireless taxes in Illinois highest in nation | www.cities929.com

(The Center Square) – A new report shows Illinoisans are dealing with the highest wireless taxes in the nation.

The report was done by Ulrik Boesen and the Tax Foundation and shows taxes on cell phones and wireless fees across the country.

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Publisher: www.cities929.com
Author: Andrew Hensel The Center Square
Twitter: @Cities_929
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Second half of Cowlitz County property taxes due Nov. 1 | Local | tdn.com

County property owners have an extra day to pay property taxes this year thanks to a weekend due date. The second half of the 2021 property taxes are due for Cowlitz County residents on Sunday, Oct. 31, which allows payments to be collected through Monday, Nov. 1.

Publisher: Longview Daily News
Author: The Daily News
Twitter: @the_daily_news
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Chicago budget hands $500 monthly to some, higher property taxes to others

Chicago will spend $32 million on the nation's largest test of universal basic income. What happens after that year is one question, as is whether handing out cash will truly fix anything.

Universal basic income is a proposal to send no-strings-attached direct financial assistance to every citizen or resident of an area. It has been a popular idea among progressive and socialist members of the Chicago city council in recent years.

Publisher: Illinois Policy
Date: 2021-10-27T15:54:21 00:00
Twitter: @illinoispolicy
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Make Mine Light: U.K. Changes How It Taxes Alcohol—Now by Strength, Not Type

Rishi Sunak, Britain's top financial official, said Wednesday that the system of how alcoholic drinks are taxed in the U.K. is being drastically changed, the Associated Press reported.

Sunak, chancellor of the Exchequer and a noted teetotaler, announced the new system during his annual budget speech, calling it the "most radical simplification of alcohol duties for over 140 years."

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Publisher: Newsweek
Date: 2021-10-27T17:29:57-04:00
Twitter: @newsweek
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