Category: #Taxes
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As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low
As Amazon publicly embraced President Joe Biden’s plan to raise the corporate tax rate across the board, it has also lobbied Congress to preserve a…
Biden’s infrastructure deal gives no clarity on corporate or individual tax rates
President Biden yesterday announced “we have a deal” on an infrastructure bill, while surrounded by a bipartisan group of senators in the White House driveway….
Child tax credit checks could come as a surprise to some
The Biden administration is preparing to send money to millions of Americans — including to some who may not want it. Its plan to have…
States collected $2.7 billion in recreational pot taxes in 2020
Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales…
U.S. Treasury calls for stricter cryptocurrency compliance with IRS
Comments Source: https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By:
Half of Americans say their taxes are too high, but call them ‘fair’: poll
Half of Americans said that their taxes are too high even though a majority also describe them as fair, according to a new Gallup poll…
Yellen: Asking if tax increases will hurt economy ‘not the right question’
Treasury Secretary Janet Yellen argued in an interview published Sunday that those who question whether any hikes to the corporate tax rate or tax rates paid…
Not rich? Good news: You’re probably getting a tax cut.
Everyone knows that Democrats want to raise taxes on the rich, but what hasn’t gotten nearly as much notice is how much they’ve cut them…
Roger Stone claims he’s being persecuted by the IRS. Here’s the truth.
Knowing Stone, he’s bound to spend the next several months complaining that he’s being persecuted by the government. But according to the IRS, he’s no…
Key GOP senators say they’re open to corporate tax increase
Some key Republican senators won’t rule out raising additional revenue from corporations, and told Axios they may be willing to close loopholes that allow big…
Feds hit Roger Stone with $2 million tax suit
The Justice Department is suing political strategist and longtime Donald Trump adviser Roger Stone for almost $2 million in unpaid taxes, penalties and interest, dating…
IRS chief says some $1T in taxes going uncollected annually
The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year, IRS Commissioner Chuck Rettig…
Biden drops a global tax hammer on Big Tech
The president’s is proposing global tax changes that would ensnare companies like Facebook, Google and even Volkswagen. Source: https://www.politico.eu/article/washington-us-tax-digital-brussels-oecd/ Proactive Computing found this story and…
Biden rescinds Trump-approved Medicaid work requirements in Michigan, Wisconsin
President Biden this week rescinded former President Trump’s permission for Michigan and Wisconsin to institute work requirements for recipients of Medicaid.The Centers for Medicare and…
Wealthy New Yorkers to pay highest combined US tax rate under budget deal
A tax agreement reportedly reached by New York Gov. Andrew Cuomo (D) and state lawmakers may mean that the wealthiest residents in New York City will…
Manchin says he won’t support corporate tax hike to 28 percent
Centrist Sen. Joe Manchin (D-W.Va.), who has emerged as a powerbroker in the 50-50 Senate, said President Biden’s $2.25 trillion infrastructure proposal needs changes and…
One of the most complex tax seasons ever
This year’s tax season is shaping up to be a gnarly one. The IRS has agreed to give Americans an extra month to file their…
Biden says he plans ‘small to significant’ tax hike for those making over $400,000
Republicans are sure to oppose any such effort by the president and his Democratic allies. Source: https://www.nbcnews.com/politics/joe-biden/biden-says-he-plans-small-significant-tax-hike-those-making-n1261292 Droolin’ Dog sniffed out this story and shared…
Warren and fellow progressives propose ‘Ultra-Millionaire’ tax
The proposed act would levy a two percent annual tax on households and trusts valued between $50m and $1bn. Source: https://www.aljazeera.com/economy/2021/3/1/warren-and-fellow-progressives-propose-ultra-millionaire-tax Droolin’ Dog sniffed out…
Manhattan prosecutor gets Trump tax records after long fight
NEW YORK — A New York prosecutor has obtained copies of Donald Trump’s tax records after the Supreme Court this week rejected the former president’s…
IRS extends tax-filing deadline for Texas over winter storms
The IRS announced Monday that it is extending the tax-filing deadline to June 15 for victims of the winter storms in Texas.The extension applies to…
Please hang up and try again: IRS phone lines already swamped
IRS phones are ringing off the hook even more than usual as tax filing season gets underway, but odds are slim — about 11-to-1 —…
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