How much tax do the rich pay? More than you think. The share of income tax paid by the top 10%, 5% and 1% of the working population have all gone up in the last 10 years (under a conservative government constantly being accused of letting the rich off scot free).
As independent economist Julian Jessop points out, the percentage shares of total income for each percentile group have not really changed over the last decade. The top 1% made 13.9% of income in 2010. Last year it was 13.1%. The top 5% were on 26.4%. Now it is 26%.
Poll shows openness to increase taxes to fund priorities | Kiowa County Press - Eads, Colorado, ...
After passing Proposition 116 in 2020 to lower the income tax from 4.63 percent to 4.55 percent, more than 65 percent of Colorado voters passed Proposition 121 last November to lower the rate to 4.40 percent.
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Zornio: Why we should tax the rich, instead of eliminating income taxes in Colorado | AspenTimes.com
With tax season under way, it seems only fair to scrutinize how many pennies I will have left in my pocket after paying Uncle Sam. Am I paying too much? Better yet, are you?
For the most part, I don't mind paying taxes so long as they are within reason, and I'm not paying more than my fair share. After all, taxes are a necessary part of social responsibility.
2023 Tax Season: Should You File Your Taxes on a Phone or Tablet? - CNET
You already use your phone to check your bank balance, pay bills and transfer money, so it's not farfetched to also consider filing your taxes with it.
You might not be keen on doing taxes on your smartphone because it may seem difficult and tedious, but there are many reasons why it might be a great idea for you:
How will a divided government affect taxes? – Center for Public Integrity
The "Family and Small Business Taxpayer Protection Act” would, among other things, rescind $45.6 billion in funding to enforce the tax code for businesses or households making over $400,000.
"We have seen a decade of decline in IRS staffing and a decline in funding that left the agency unable to enforce the tax code, particularly for the wealthiest tax evaders whose returns tend to be more complex," Hanauer said.
Will I Owe Taxes on My Non-Qualified Annuities?
Non-qualified annuities do not pay these taxes, which can give them significantly more capital with which to grow. If you choose you can also have extra time to allow a non-qualified annuity to grow, as these accounts are exempt from required minimum distribution rules.
However, because you paid taxes on your initial investment, you are only taxed on the profits you make off a non-qualified annuity. This means that each payment you receive has two tax components: A portion of your payment is considered your principal and is untaxed.
Tax filing 2023: Do my own taxes or hire pro? Here's what to consider.
During the pandemic, we all became DIYers of everything from home renovations to portfolio managing . We even learned to bake our own bread and cut hair .
Typically, DIY taxpayers are young, just starting adulthood and owners of few assets. An IRS study showed 53% of all taxpayers in 2021 used a paid tax professional, but Gen Z was significantly less likely than any other age group.
Harris County property taxes for 2022 due by January 31 – Houston Public Media
Property tax payments can be made online at www.hctax.net , over the phone at 713-274-2273 or in person at any of the 16 office locations operated by Harris County Tax Assessor-Collector Ann Harris Bennett – using either cash, personal checks, money orders or credit and debit cards.
Checks and money orders, made payable to Ann Harris Bennett, Harris County Tax Assessor-Collector, also may be mailed to P.O. Box 4622, Houston, TX 77210-4622. Late penalties and interest will not apply if the mailed payments are postmarked by Jan. 31.
New Audit Reveals Districts Moved Funds And Raised Taxes - ButlerRadio.com - Butler, PA
According to a recent audit, a dozen school districts in Pennsylvania were using a loophole to store cash in the reserve funds.
Auditor General Tim DeFoor says that although the move is legal, school districts were moving unspent funds into other accounts while raising taxes without voter input.
Filing taxes in South Carolina: What to know, free preparation options
Details for your 2023 filing are provided on the Internal Revenue Service's (IRS) website, including how to determine your filing status, which forms you will need, and free, reputable tax return preparation options for qualified individuals, both online and via in-person sites.
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This is good news but that doesn't mean we can stand by and wait. We need to use our voices and continue to make cl… https://t.co/goYOYtCuQx jwaldag (from Cloverdale - Langley City, BC) Tue Jan 24 00:38:08 +0000 2023
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