Friday, October 29, 2021

Democrats weighing changes to limit on state and local taxes deduction

President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn't propose changes to the $10,000 cap on the federal deduction for state and local taxes, known as SALT, some lawmakers are still pushing for a last-minute addition.

Publisher: CNBC
Date: 2021-10-29T18:40:31 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Inflation Will Linger No Matter What Happens With Taxes | Barron's
Date: 2021-10-30T00:40:00.000Z
Author: Randall W Forsyth
Twitter: @BarronsOnline
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Minimizing Taxes When You Inherit Money | Kiplinger

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 put an end to that tax-saving strategy.

But IRA beneficiaries who aren't eligible for these exceptions could end up with a hefty tax bill, especially if the 10-year withdrawal period coincides with years in which they have a lot of other taxable income.

Publisher: Kiplinger
Author: Sandra Block
Twitter: @Kiplinger
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targets fossil fuel firms, raising more than $100 billion in taxes - The Washington Post

The tax-and-spending bill the White House hopes to pass within a matter of days would provide unprecedented levels of funding to combat climate change. But it would force the oil and gas industry to share the cost by raising more than $100 billion from fossil fuel firms over the next decade.

Publisher: Washington Post
Date: 2021-10-29T22:32:50.490Z
Twitter: @WashingtonPost
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Hey President Biden - What Taxes Are You Now Imposing On Businesses And High Earners?

ST. PAUL, MN - OCTOBER 30: Democratic presidential nominee Joe Biden speaks during a drive-in ... [+] campaign rally at the Minnesota State Fairgrounds on October 30, 2020 in St. Paul, Minnesota. Biden is campaigning in Iowa, Wisconsin and Minnesota on Friday.

We all know the story of Noah's Ark. It was Noah who began to build the Ark just before it started to rain.

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Publisher: Forbes
Date: 2021-10-29
Author: Alan Gassman
Twitter: @forbes
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Democrats Want to Raise Taxes. Here's What's Likely to Change. | Barron's

More than a dozen significant tax hikes have been proposed by Democratic lawmakers in recent weeks as they devise—and revise—ways to pay for President Joe Biden's budget bill, which seeks to fund measures to aid child care, education, healthcare, and clean energy.

Date: 2021-10-29T20:41:00.000Z
Author: Karen Hube
Twitter: @BarronsOnline
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Alberta to boost municipalities' power to claim unpaid property taxes from energy firms |

Pipes run through Shell's new Quest Carbon Capture and Storage (CCS) facility in Fort Saskatchewan, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol

CALGARY, Alberta, Oct 28 (Reuters) - Canada's main energy-producing province Alberta is proposing to amend legislation in order to give municipalities more power to collect unpaid property taxes worth C$245 million ($199 million) from oil and gas companies, the government said on Thursday.

Publisher: Reuters
Date: 2021-10-28T21:07:29Z
Author: Nia Williams
Twitter: @Reuters
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Supervisors: Taxes down 6.2% in proposed county budget | Columbia County | hudsonvalley360.com

Officials are expecting a 6.2% tax rate reduction in the tentative $162 million Columbia County budget for 2022.

The Columbia County Board of Supervisors announced Monday the 2022 county budget will see a 2% tax levy cut and a 6.2% tax rate reduction for county taxpayers.

Publisher: HudsonValley360
Author: Natasha Vaughn HoldridgeColumbia Greene Media
Twitter: @rsnewsroom
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