Wednesday, July 27, 2022

Liquor license at Livonia Athletic District denied over back taxes

A backlog of unpaid taxes has apparently derailed plans to bring alcohol to the former YMCA building in Livonia.

The original plan calls for the allowance of the sale of alcohol in several portions of the building. Such a license will help to attract other tenants the company hopes to bring to the building, including a golf simulator.

Publisher: Observer and Eccentric Newspapers and Hometown Weeklies
Author: David Veselenak
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Odessa fees, taxes proposed to go up in 2023 - Odessa American

The Odessa City Council met with staff to discuss FY23's proposed budget for the first time Tuesday. Included in the proposed budget is a 6% increase in water/sewer rates, a 3.5% increase in solid waste rates and a possible 2 cent property tax rate increase for every $100 of assessed valuation.

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Publisher: Odessa American
Date: 2022-07-26T23:04:58 00:00
Twitter: @OdessaAmerican
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Bloomberg - Are you a robot?
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Pueblo marijuana taxes would be reduced with ballot petition effort

If organizers gather enough valid signatures, two ballot initiatives that would reduce marijuana taxes in the city of Pueblo could be on local ballots in November.

Dr. Malik Hasan, a local neurologist who founded NuVue Pharma, has said high taxes within Pueblo are impeding the growth of the local marijuana industry. He is behind the two initiatives, which each need 1,109 valid signatures by Aug. 8 to make it to November's ballots.

Publisher: Pueblo Chieftain
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Mega Millions jackpot is $830 million. If it's won, here's tax bill

Strong ticket sales have pushed the top prize up to $830 million, marking the second adjustment ahead of Tuesday night's drawing. If won at that amount, it would be the game's third-largest jackpot and the fourth-largest lottery prize ever awarded.

Of course, it's not what the winner would actually end up with. Whether the windfall is taken as an annuity of 30 payments over 29 years or as an immediate, reduced cash lump sum, taxes end up taking a big bite out of any winnings.

Publisher: CNBC
Date: 2022-07-25T14:12:17 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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New bill helps seniors with the rise in property taxes

The rise in property taxes is affecting seniors' that are on a fixed income, but local lawmakers created a bill to help combat it.

Sjoberg and his wife bought their Bountiful home 52 years ago for $25,000. Now, he said homes in his neighborhood are selling for over $540,000 dollars.

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Publisher: KSLTV.com
Date: 2022-07-27T00:52:49 00:00
Twitter: @ksl5tv
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Push for Higher Taxes is Misguided Amid Inflation, Looming Recession

Efforts to raise taxes on corporations and high-income earners recently hit a brick wall when U.S. Senator Joe Manchin (D-WV) once again expressed concerns about inflation and a potential recession.

Despite these concerns, advocates of higher taxes continue to make the case, using some dangerously flawed arguments along the way.

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Publisher: Tax Foundation
Date: 2022-07-26T14:15:21-04:00
Twitter: @taxfoundation
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As prices rise, the push to end diaper taxes grows - Maryland Matters

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

Colorado and Iowa have both agreed since May to get rid of the state tax on all diapers, beginning in 2023. Florida and Maryland's laws took effect in July.

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Publisher: Maryland Matters
Date: 2022-07-25T10:30:14 00:00
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No more taxes for small Bitcoin, Ethereum transactions?

When Bitcoin [BTC], the very first cryptocurrency hit the market, it was exempted from taxes and similar government-related norms. However, with the increase in demand, popularity, and value of cryptocurrencies, these assets fell under the purview of the government.

JUST IN: 🇺🇸 US senators propose a bill that would exempt #crypto transactions under $50 from taxes.

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Publisher: Watcher Guru
Date: 2022-07-26T10:15:42 00:00
Author: Sahana Kiran
Twitter: @WatcherGuru
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