Tag Archives: tax

The Estate Tax May Change Under Biden, Affecting Far More People

The Estate Tax May Change Under Biden, Affecting Far More People

The Estate Tax May Change Under Biden, Affecting Far More People The Estate Tax May Change Under Biden, Affecting Far More People Tax policy used to be fairly boring and predictable. But in the past decade, it has become dynamic in a way that tax advisers don’t like: It changes with the political party in power. That means it’s increasingly …

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U.K. Eliminates the Tampon Tax

U.K. Eliminates the Tampon Tax

U.K. Eliminates the Tampon Tax U.K. Eliminates the Tampon Tax Britain on Friday became the latest country to transform its measures on sanitary products by abolishing the so-called tampon tax, no longer classifying the products as nonessential and eliminating extra costs that many have criticized as sexist. The tax, a 5 percent value added rate on sanitary products such as …

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Spain’s Juan Carlos Makes a Big Tax Payment Amid New Financial Probe

Spain’s Juan Carlos Makes a Big Tax Payment Amid New Financial Probe

Spain’s Juan Carlos Makes a Big Tax Payment Amid New Financial Probe Spain’s Juan Carlos Makes a Big Tax Payment Amid New Financial Probe MADRID — King Juan Carlos, Spain’s former monarch, has paid about $820,000 in back taxes, his lawyer said on Wednesday, amid an investigation by prosecutors into whether he and other members of the royal family used …

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California’s 40-Year-Old Tax Revolt Survives a Counterattack

California’s 40-Year-Old Tax Revolt Survives a Counterattack

California’s 40-Year-Old Tax Revolt Survives a Counterattack California’s 40-Year-Old Tax Revolt Survives a Counterattack Voters rejected a bid to modify Proposition 13, a landmark 1978 measure, to remove a tax shield from commercial properties. Source link

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Voters in Jersey City Embrace a New Tax to Finance the Arts

Voters in Jersey City Embrace a New Tax to Finance the Arts

Voters in Jersey City Embrace a New Tax to Finance the Arts Voters in Jersey City Embrace a New Tax to Finance the Arts Officials in Jersey City could not be blamed for worrying a bit on Tuesday about the referendum they placed on the ballot to create a new tax to help the arts. After all, New Jersey is …

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How a Century of Real-Estate Tax Breaks Enriched Donald Trump

How a Century of Real-Estate Tax Breaks Enriched Donald Trump

How a Century of Real-Estate Tax Breaks Enriched Donald Trump How a Century of Real-Estate Tax Breaks Enriched Donald Trump In 1993 Congress restored those breaks. At the same time, it carved out another advantage for the real estate industry. For most businesses, canceled or forgiven debts had to be recognized as income. Real estate investors for the most part …

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Without More Enforcement, Tax Evasion Will Spread Like a Virus

Without More Enforcement, Tax Evasion Will Spread Like a Virus

Without More Enforcement, Tax Evasion Will Spread Like a Virus Without More Enforcement, Tax Evasion Will Spread Like a Virus Few people enjoy paying taxes, but as Oliver Wendell Holmes Jr. reminded us, “Taxes are what we pay for civilized society.” On reflection, most of us therefore offer at least implicit support for penalties against tax evasion — penalties that …

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Will you face a tax bill worth more than you earn next year?

Privacy can be a major issue for those working from home regularly

Will you face a tax bill worth more than you earn next year? Will you face a tax bill worth more than you earn next year? The nation’s 4.76m self-employed workers could find themselves with multiple tax bills that amount to more than they earn in total next year as falling income and a pile up of HMRC debt threaten …

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McSally releases tax returns ahead of Senate debate tax returns Martha McSally tax returns Mark Kelly debate

Election 2020 Senate Arizona Debate

McSally releases tax returns ahead of Senate debate tax returns Martha McSally tax returns Mark Kelly debate McSally releases tax returns ahead of Senate debate tax returns Martha McSally tax returns Mark Kelly debate U.S. Sen. Martha McSally made just under $288,000 last year and paid an effective tax rate of 22%, according to tax returns she provided Tuesday to …

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18 Revelations From a Trove of Trump Tax Records

18 Revelations From a Trove of Trump Tax Records

18 Revelations From a Trove of Trump Tax Records 18 Revelations From a Trove of Trump Tax Records All of this helps to reduce Mr. Trump’s tax bill further, because companies can write off business expenses. Seven Springs, his estate in Westchester County, N.Y., typifies his aggressive definition of business expenses. Mr. Trump bought the estate, which stretches over more …

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