Wednesday, November 24, 2021

Biden's safety net package would raise, not lower, taxes on millionaires, new estimates show

WASHINGTON — President Joe Biden's Build Back Better package would raise, not lower, taxes on the wealthiest Americans, according to the nonpartisan Joint Committee on Taxation in a major correction from the group's original analysis.

Publisher: NBC News
Date: Tue Nov 23 2021 18:01:00 GMT 0000 UTC
Twitter: @NBCNews
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N.J. residents cited taxes as the state's top issue 50 years ago. That hasn't changed, poll shows.

That's according to a new Rutgers-Eagleton Poll asking residents what they feel is the top issue currently facing the Garden State. The survey found 39% of those polled cited the state's notoriously high taxes.

Rutgers-Eagleton also got taxes as the top response when they asked a similar question a half-century ago , in 1971, the year the group was founded.

Publisher: nj
Date: 2021-11-24T15:52:31.596Z
Author: bdjohnson
Twitter: @njdotcom
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Town of Manlius 2022 taxes to rise 1.45 % – Eagle News Online

TOWN OF MANLIUS – Property owners in the town of Manlius will see a modest tax increase of about 1.45 percent in 2022.

Eagle Newspapers and Eaglenewsonline are divisions of Community Media Group, LLC. Our local offices are located at 2501 James St, Suite 100, Syracuse, NY 13206. You can contact us at 315.434.8889.

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Publisher: Eagle News Online
Date: 2021-11-23T16:41:17 00:00
Twitter: @eaglenewsonline
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Bernie Sanders Is Facing Down Corporate Democrats on Taxes

In a last-ditch attempt to rescue Democrats from their own worst instincts, Senator Bernie Sanders (Independent from Vermont) is working to try to limit the party's politically toxic initiative to enrich wealthy property owners in liberal locales.

At issue is corporate Democrats' proposal to raise the amount of state and local taxes (SALT) that can be deducted from households' federal taxes.

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David Greineder: Increased taxes harm workers and hinder American competitiveness | TribLIVE.com

In Pennsylvania, our recovery from the pandemic depends upon a pro-business environment both enacted and maintained statewide.

However, to generate funds for infrastructure development, federal officials are planning to raise the corporate tax rate from 21% to 28% and the Global Intangible Low Tax Income rate from 10.5% to 21%.

Publisher: TribLIVE.com
Date: 2021-11-24T11:00:00-05:00
Author: David Greineder
Twitter: @triblive
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Teachers can deduct Covid-19 related expenses on their taxes this year

Teachers who have spent their own money on masks, hand sanitizer or other Covid-19 related supplies this year will get a little help come tax time.

Those costs can be deducted with other eligible out-of-pocket expenses on 2021 taxes filed next year.

Publisher: CNBC
Date: 2021-11-23T20:29:30 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Comptroller's Office: Genesee County leads GLOW region increase in local sales taxes | Local News

BATAVIA — Sales tax revenues increased significantly over a one-year period in the GLOW region, according to state Comptroller's Office data.

An update released Friday showed strong improvement comparing October 2020 to 2021 — although those results may not be entirely unexpected due to last year's COVID-19 pause and related economic difficulties.

Publisher: _____
Author: MATT SURTELmsurtel batavianews com
Twitter: @TheLCN
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Lower Taxes on Required Minimum Distributions | Kiplinger

Below we describe ways to reduce the size of your required withdrawals and, consequently, your tax bill. All involve trade-offs—paying taxes now instead of later, for example, or giving some of your savings away—so consider your options carefully.

Publisher: Kiplinger
Author: Sandra Block
Twitter: @Kiplinger
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Dana Light Axle Products to save $70M in taxes to help retain 855 full-time jobs | WANE 15

FORT WAYNE, Ind. (WANE) – Dana Light Axle Products, LLC will be able to retain 855 full-time permanent jobs after Fort Wayne City Council approved at tax abatement at Tuesday’s meeting.

Dana requested that council approve designating an Economic Revitalization Area for eligible personal property improvements. This includes: installing new manufacturing equipment and covering $48,600,00 worth of salaries.

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Publisher: WANE 15
Date: 2021-11-24T01:50:31 00:00
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Charlie Baker leaves employers in the dark on unemployment taxes - The Boston Globe

After being depleted by a crush of layoffs during the pandemic, there's little doubt the state fund that pays jobless benefits needs a shot in the arm.

The Baker administration won't say. It's still working on revised financial estimates for the unemployment insurance program, after planning to release the numbers in August. Monthly reports on the UI fund, which are required by state statute, haven't been published since June .

Publisher: BostonGlobe.com
Date: 2021-11-24T15:38:29.084Z
Twitter: @BostonGlobe
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