Thursday, October 7, 2021

Proposed 2022 Jeannette budget won't increase taxes | TribLIVE.com

No property tax increase is expected in 2022 for Jeannette residents, according to chief fiscal officer Ethan Keedy.

But city officials do have some work ahead to make spending cuts in an effort to balance the proposed 2022 budget.

“We need to cut $6,000 off this budget,” he told the group. “I would like to try to slash some of these.”

Publisher: TribLIVE.com
Date: 2021-10-07T15:43:51-04:00
Author: Renatta Signorini
Twitter: @triblive
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Platte Institute promotes plan to rely more on sales taxes | Regional Government | journalstar.com

The Platte Institute on Thursday promoted its support for a proposal to dramatically overhaul Nebraska's tax system as the key to unlock the state's economic future during a legislative summit in Lincoln.

The Blueprint Nebraska "tax modernization plan" would reduce state income taxes, broaden the sales tax base to include a range of exempted services and reduce the burden on local property taxes.

Publisher: JournalStar.com
Author: Don Walton
Twitter: @JournalStarNews
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No new taxes in $8 billion Cook County budget: Preckwinkle - Chicago Tribune

Cook County's budget next year would grow to a whopping $8 billion under a proposal revealed by board President Toni Preckwinkle, whose administration cast the balanced plan as another sign the county will weather the COVID-19 pandemic's financial hits.

The $8.04 billion spending recommendation — over $1 billion more than Preckwinkle's final budget for 2021 — would not include any new taxes, fines, fees or layoffs, she said in a Thursday speech.

Publisher: chicagotribune.com
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Author: Alice Yin
Twitter: @chicagotribune
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Recent White House Study on Taxes Shows the Wealthy Pay a Lower Rate Than Everybody Else —

A decade ago, in an essay for The New York Times, Warren Buffett disclosed that he had paid nearly $7 million in federal taxes in 2010 . "That sounds like a lot of money," he wrote.

Buffett owns a substantial number of shares in Berkshire Hathaway, the fabulously successful holding company he founded decades ago. As the company's shares have soared nearly every year, his wealth has grown by billions. Under the U.S.

Publisher: ProPublica
Author: Stephen Engelberg
Twitter: @propublica
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Prop. 119 explainer: Raise marijuana taxes to pay for out-of-school learning?

Supporters say it will help close the achievement gap while opponents see it as a slippery slope toward privatizing education

Colorado voters will decide next month whether to raise taxes on recreational marijuana to help fund a new state program aimed at providing Colorado students with out-of-school learning opportunities.

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Publisher: The Colorado Sun
Date: 2021-10-07T10:22:00 00:00
Twitter: @coloradosun
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What has Murphy done on taxes and the budget? | NJ Spotlight News

The size of New Jersey's annual budget has grown by more than 30% since Gov. Phil Murphy took office in early 2018, easily outpacing the rate of inflation.

To help support the big spending increase, Murphy has worked with state lawmakers to raise several taxes, including those levied on wealthy individuals and top-earning businesses.

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Publisher: NJ Spotlight News
Date: 2021-10-07T04:15:43 00:00
Twitter: @NJSpotlightNews
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Taxing the Rich - The New York Times

The shift was in part a genuine attempt to be pragmatic about what worked. The United States was faring better than its economic rivals in the 1980s and 1990s, and a market-oriented approach seemed to be a reason.

But the evidence has changed in the early 21st century. Economic growth has been disappointingly slow in the U.S., as has income growth for most families. According to many measures of well-being, the U.S. is faring worse than other high-income countries.

Date: 2021-10-07T10:37:31.000Z
Twitter: @nytimes
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Taxes, 'Fair Share' and Earnings - WSJ

Concern over paying for government programs is all well and good (" Joe Biden's Economic Fantasy World ," Free Expression, Sept. 28).

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Publisher: WSJ
Date: 2021-10-06T21:37:00.000Z
Twitter: @WSJ
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Don't Believe The Hype – Biden's $600 Tax Plan Won't Force You to Report All Venmo

There has been a flurry of furious cash app users this past week angrily responding to rumors of President Joe Biden’s new tax reporting plan requiring taxpayers to report all Venmo and cash app income over $600 .

See: The IRS Is Behind On Processing More Than 5.5 Million Tax Returns As Oct. 15 Deadline Looms
Find: Missing A Child Tax Credit Payment? Here’s The IRS Phone Number

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Publisher: GOBankingRates
Date: 2021-10-07T10:23:18Z
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