Tuesday, September 13, 2022

Billionaires Should Pay Taxes on Their Income Every Year Like the Rest of Us – ITEP

The Inflation Reduction Act signed by President Biden last month will crack down on corporate tax dodgers and strengthen enforcement of tax laws already on the books, raising hundreds of billions of dollars to be spent on climate, health and other priorities.

In July, Rep. Steve Cohen and more than 30 other lawmakers introduced the Billionaires' Minimum Income Tax .

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Publisher: ITEP
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Brickbat: Pay Your Taxes. Taxis. Whatever.

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Publisher: Reason.com
Date: 2022-09-13T08:00:30 00:00
Author: Charles Oliver
Twitter: @reason
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Tax Extension: Tips to file your taxes easily and accurately before October 17 | Marca

Here are some pieces last-minute tax-filing advice that will make it simple and accurate for you to get them in by the due date.

Make sure you have all the required paperwork on hand when you sit down to file your taxes, including W-2s, 1099s, receipts for expenses, mortgage interest, and the social security numbers of your children.

Publisher: MARCA
Date: 2022-09-13T08:45:11Z
Twitter: @MarcainEnglish
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Uber Agrees to Pay New Jersey $100 Million in Back Taxes
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Publisher: Business Insider
Date: 2022-09-13T09:44:56Z
Author: Isobel Asher Hamilton
Twitter: @sai
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Americans Spent More on Taxes Last Year Than on Personal Necessities

Yikes. New consumer spending data from the Bureau of Labor Statistics (BLS) provides some sobering perspective on how much Americans are paying in taxes. The data covers consumer spending across a wide variety of categories in 2021.

On average, each "consumer unit" paid more than $16,000 in taxes last year. This outpaces average spending on food, clothing, education, and health care combined.

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Publisher: Reason.com
Date: 2022-09-12T13:30:11 00:00
Author: Elizabeth Nolan Brown
Twitter: @reason
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Fleming didn't pay her own taxes but wants to influence tax policy - NRCC
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Publisher: NRCC
Date: 2022-09-13T12:48:46 00:00
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Supervisors Preview: Tourism Taxes, Laguna Honda, and Tough Questions
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Publisher: The San Francisco Standard
Date: 2022-09-12T20:07:22 00:00
Author: Mike Ege
Twitter: @sfstandard
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Upcoming Webinar: Selling Your Business 101: How to Minimize Taxes & Protect Your Family

Fact: an independent dealer looking to sell their $5 million business may owe $2 million or more in taxes.

In this webinar, Stratus Wealth Advisors founder and owner, Sam Brownell, will discuss ownership transition options to mitigate taxes, build net worth for the owner’s family, and provide continuity for the operations of the business.

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Publisher: LBM Journal
Date: 2022-09-13T13:00:10 00:00
Author: LBM Journal
Twitter: @LBMJournal
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