Friday, August 12, 2022

Inflation Reduction Act taxes stock buybacks, one of the first new corporate taxes in decades - ...

In addition to a proposed 15 percent minimum tax on large corporate profits, lawmakers are set to pass an entirely new 1 percent excise tax on corporate stock buybacks.

The stock buyback tax is projected to raise $74 billion over the next decade, according to congressional estimates, and is key to funding some of the big spending on initiatives including credits to buy electric cars .

Publisher: Washington Post
Date: 2022-08-12T10:00:32.592Z
Twitter: @WashingtonPost
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Eaton County's Delta Township seeks pair of taxes for police, fire

DELTA TWP. - Township voters will decide on two tax proposals in Novembe r that, if both are approved, would generate about $34 million over the next 10 years for public safety.

The first proposal is a 1-mill, 10-year tax that would generate $1.7 million per year to help fund police, fire, and public safety operating expenses.

Publisher: Lansing State Journal
Author: Rachel Greco
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Did Biden keep his pledge not to raise taxes on people making less than $400,000 - The Washington ...

"The mislabeled 'Inflation Reduction Act' will do nothing to bring the economy out of stagnation and recession, but it will raise billions of dollars in taxes on Americans making less than $400,000."

But Crapo, citing official scorekeeping from the nonpartisan Joint Committee on Taxation (JCT), says Biden broke his pledge.

Publisher: Washington Post
Date: 2022-08-09T07:00:19.129Z
Twitter: @WashingtonPost
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Lawsuit accuses Youngkin, Carlyle of avoiding taxes at expense of workers - The Washington Post

RICHMOND — Gov.

Publisher: Washington Post
Date: 2022-08-11T22:49:11.811Z
Twitter: @WashingtonPost
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QUESTION: What do you think about raising property taxes for teacher raises?

JACKSONVILLE, Fla. – A local community group spoke out Friday in front of the Duval County School Board asking the community to support raising property taxes for teacher raises.

The Jacksonville Leadership Coalition and concerned Clergy are asking Jacksonville residents to support the increase in the mil property tax, which is an issue on the primary ballot in Duval County set to go before voters on Aug. 23.

Publisher: WJXT
Date: 2022-08-12T15:26:45.359Z
Author: Jim Piggott
Twitter: @WJXT
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Bloomberg - Are you a robot?
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Appeals court says House can obtain Trump's taxes from the IRS - CNNPolitics

(CNN) A federal appeals court on Tuesday signed off on a House Ways and Means Committee request to obtain former President Donald Trump's tax returns from the Internal Revenue Service.

Publisher: CNN
Date: 2022-08-09T15:35:11Z
Author: Tierney Sneed and Katelyn Polantz CNN
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Tax Group: High Costs, Taxes Are Driving People Out of Mass. – NBC Boston

The Bay State faces a "perfect storm" of factors — including extreme housing costs and an above-average unemployment insurance price tag — that could undercut our financial and educational advantages, driving a flood of taxpayers and talent away from the state, a new report suggests.

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Publisher: NBC Boston
Date: 2022-08-12T00:01:00 00:00
Twitter: @nbc10boston
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TurboTax vs. H&R Block – Forbes Advisor

Ready to file a tax return but not sure which do-it-yourself tax preparation software to use? If it's a question of TurboTax vs. H&R Block, both offer an easy way to file your taxes online by yourself—and call in some help from a tax pro if needed.

TurboTax , a product of the financial, accounting and tax software provider Intuit, is practically synonymous with DIY tax preparation, partly because it’s been around for nearly 40 years.

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Publisher: Forbes Advisor
Date: 2022-08-12T05:00:27-04:00
Author: Janet Berry Johnson
Twitter: @forbes
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