Thursday, November 18, 2021

Governor announces plan to cut gross receipts taxes | Office of the Governor - Michelle Lujan

ALBUQUERQUE – Gov.

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Proposed budget holds line on taxes | Local News | indianagazette.com
Publisher: The Indiana Gazette Online
Author: PATRICK CLOONAN pcloonan indianagazette net
Twitter: @indianagazette
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6 Ways To Invest That Can Be Applied To Your 2021 Taxes | GOBankingRates

Successful investing isn't just about what you earn, it's also about what you keep. Investment taxes can take a significant bite out of the profits you generate, greatly reducing your actual rate of return.

Tax Brackets 101: Here Are the Basics You Need To Understand
Read: How Tax Filing Status Relates to Deductions in 2021 and 2022

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Publisher: GOBankingRates
Date: 2021-11-17T13:01:10Z
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At Issue is SALT, or State and Local Taxes - Insider NJ

That’s the political spin of the moment and one conservative Republicans are obviously enjoying.

For a bit more than 100 years, or ever since the 16th Amendment created the federal income tax in 1913, individuals had been permitted to deduct what they pay in state and local taxes from their overall bill to the IRS. This essentially comes down to state income and local property taxes.

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Publisher: Insider NJ
Date: 2021-11-17T18:59:35-05:00
Author: Fred Snowflack
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On Social Security? You may not need to file taxes - Orlando Sentinel

A: It depends how much your Social Security benefit is and what other income you have. Half of your Social Security income will be added to your other income to determine taxability.

Have a question? E-mail askanexpert@fpafla.com . Include your name (only your initials will be printed), hometown and phone. Questions are answered by Certified Financial Planners from the Financial Planning Association of Central Florida.

Publisher: orlandosentinel.com
Date: AF5DF015CBF22FE3881D47FDCBCE4F02
Twitter: @orlandosentinel
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San Diego may lower cannabis taxes on production businesses to encourage more to open - The San

A proposal to sharply reduce San Diego's cannabis tax rate for a set of targeted businesses got a key endorsement Wednesday from a City Council committee.

The council's economic development committee unanimously approved shrinking the tax rate from 8 percent to 2 percent for indoor pot farms and factories that make cannabis edibles.

Publisher: San Diego Union-Tribune
Date: 2021-11-18T02:25:00.915
Author: https www sandiegouniontribune com sdut david garrick staff html
Twitter: @sdut
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Eau Claire taxes rising on average home | Front Page | leadertelegram.com

Now, more than ever, the world needs trustworthy reporting—but good journalism isn't free. Please support us by making a contribution.

Publisher: Leader-Telegram
Author: Andrew Dowd Leader Telegram staff
Twitter: @leadertelegram
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Property taxes for Minnesota communities to increase by 4.5% in 2022 - Axios Twin Cities

Minnesotans are getting their proposed property tax statements this week, and most of you are probably noticing a hike in what you have to pay next year.

Of note: These figures are preliminary and often decrease — if only slightly — when final city, county and school district budgets are approved.

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Publisher: Axios
Date: 2021-11-18T11:20:13.220470Z
Author: Nick Halter
Twitter: @axios
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Chris Tucker owes IRS $9 million in taxes, lawsuit claims

In a complaint filed to Nevada federal court Monday and obtained by USA TODAY, attorneys say the 50-year-old actor owes federal taxes, tax penalties and interest from 2002, 2006, 2008 and 2010 that amount to $9.6 million.

"Despite notice and demand for payment of the assessments set forth above, Mr. Tucker has neglected, refused, or failed to fully pay the assessments against him," the 16-page lawsuit states.

Publisher: USA TODAY
Author: Elise Brisco
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Withholding Taxes Excluded From Digital Levy Ban: OECD Tax Head

A rollback of digital services taxes included in a global tax deal last month will be limited in scope, according to a senior Organization for Economic Cooperation and Development official.

The Oct. 8 deal, which calls for a moratorium on new digital taxes and other similar measures, has raised concerns that the scope of the agreement would stretch to other levies, such as withholding taxes.

Twitter: @tax
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