Sunday, October 23, 2022

Tame Your Taxes: IRS regulatory overreach, Part 5

I had to keep this series going because the IRS continues to produce fodder for my column by continuing to disregard the tax code they insist we, as taxpayers, must know and obey. For them, it is optional.

In case you missed Parts 1–4, here is a brief synopsis of those articles. Part 1 included a tax primer and a historical review of the burdensome taxes that pushed the colonists into war with Great Britain.

Publisher: Columbia Daily Tribune
Author: Aric Schreiner
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Bloomberg - Are you a robot?
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Bills target Verizon's push to stop paying taxes on poles, wires - New Jersey Monitor

Sen. Holly Schepisi said a misinterpretation of state law by a tax court judge has allowed Verizon to withhold property tax payments to numerous municipalities. (Daniella Heminghaus for New Jersey Monitor)

For years, municipal tax officials have received letters from Verizon with a simple message: The company would no longer pay property taxes on telephone poles, lines, and other infrastructure.

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Publisher: New Jersey Monitor
Date: 2022-10-21T10:53:21 00:00
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Proposition 30: Should California raise taxes on multi-millionaires to fund clean air and wildfire ...

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Publisher: The Mercury News
Date: 2022-10-23T13:15:30 00:00
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Who is really raising taxes? - Las Vegas Sun Newspaper
Publisher: Las Vegas Sun
Date: 2022-10-23T02:00
Twitter: @LasVegasSun
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Will Rescheduling Cannabis Help State-Legal Dispensaries With Their Taxes?

President Biden's recent request to review how marijuana is scheduled could have big tax effects for ... [+] state-legal cannabis businesses.

Since its enactment, attempts to circumvent IRC § 280E using accounting methods have been legion as have the court cases surrounding them.

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Publisher: Forbes
Date: 2022-10-22
Author: Amber Gray Fenner
Twitter: @forbes
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Kyrie Irving's true salary after taxes is insane

Earlier this year, Kyrie Irving picked up his player option for the 2022-23 season. He did that instead of opting out to become an unrestricted free agent. This means that Irving is under contract with the Brooklyn Nets for the 2022-23 season.

As you can see from that interesting post on dunk , Kyrie Irving won’t enjoy all or even the majority of the $36.9 million salary he is set to receive this season.

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Publisher: ClutchPoints
Date: 2022-10-23T03:42:41 00:00
Author: https www facebook com enzoflojo
Twitter: @clutchpointsapp
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Noem, Smith spar over taxes
Publisher: https://www.kwch.com
Twitter: @KWCH12
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How To Escape State Taxes Without Leaving New York Or California

There’s an easy way to hide from high taxes in states like New York and California that doesn’t involve packing up a moving van to Florida or Texas. US municipal bonds are offering the highest yields in more than a decade after a record-breaking selloff this year.

This discrepancy typically puts a lid on muni yields. But the Federal Reserve’s aggressive rate-hike campaign to counter widespread inflation has spared no corner of the bond market, including debt issued by state and local governments.

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Moving to These 5 States Could Send Your Property Taxes Skyrocketing – Nasdaq | Wirepoints

Remember they take an average of % of home value for the entire state. The sheer number of homes in Chicago brings down the average. Chicago for a long time was approx 1% of value now approaching 2%.

If the average price home in an area is 100k and the average price home in another is 300k, does it cost 1/3 of the cost for teachers, fire, police and other services? Sometimes the percentage is high because home values are so low in less desirable areas.

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Publisher: WirePoints Illinois Financial News
Date: 2022-10-22T14:23:00 00:00
Twitter: @WirePoints
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Army of the Alien Monkeys


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