Latest News About «tax»:

    CHICAGO (WLS) -- Voters will decide whether Illinois will move to a progressive tax from a flat tax this November, and the advertising blitz is already underway.Governor JB Pritzker, who is spearheading the measure, gave a massive donation recently to the vote yes side.Voters will decide whether to change the state constitution to shift Illinois from the current flat tax to a progressive income tax. The fight for votes starts with a fight for attention.One of the new vote yes...
    An avowed socialist member of the Seattle City Council has issued a video statement threatening anyone — particularly Amazon founder Jeff Bezos — who tries to stand in the way of the agenda of working people and vowing to replace the rotten system of capitalism with socialism worldwide. What are the details?City Journals Christopher Rufo posted footage of Seattle City Councilwoman Kshama Sawant (Socialist) delivering what he called an unhinged rant following the passage of the citys so-called...
    BOSTON (CBS) – As we’ve been doing periodically during this period of crisis, we put out the call on social media for your questions on current political and policy issues. And you had plenty. Here are three of them, and some answers: “Does Gov. Baker have a plan in place to keep people who are from high-risk states out as their infection rates go through the roof?” -Dana via Facebook Yes, sort of. Baker has advised visitors from out of...
    A series of tax hikes now look to be on the way in the District, as lawmakers continue to advance a fiscal 2021 budget designed to better fund public housing repairs, homeless services and emergency measures tied to the pandemic. The D.C. Council Tuesday offered its preliminary approval to amendments to the spending plan, layering on a series of changes to the budget proposed by Mayor Muriel Bowser back in May. Perhaps most notably, the council is contemplating three tax...
    PRESIDENT Trump could soon approve another $1 trillion in stimulus as the US faces a severe economic downturn amid the coronavirus pandemic. We are working on another stimulus package, and that will take place … very soon,” Trump said in a Tuesday interview with Nexstar DC. 4 President Trump made the comment on TuesdayCredit: Getty Images - Getty Also on Tuesday, Marc Short, Vice-President Mike Pence’s chief of staff, all but confirmed the $1 trillion figure. There’s obviously been a...
    MINNEAPOLIS (WCCO) — A Milaca woman was sentenced to up to two years in prison for multiple tax crimes dating back to 2018, the Minnesota Department of Revenue announced Tuesday. A Mille Lacs County District Court judge sentenced tax preparer Cindy M. Halgren to up to 23 months in prison for preparing and filing fraudulent tax returns and failing to pay individual income tax. After a judge stayed her sentence, Halgren will face five years of supervised probation. In addition,...
    National Education Association President Lily Eskelsen Garcia said on “Bill Hemmer Reports” Tuesday that schools will require additional funding in order to reopen their doors this fall. TEACHERS UNION LEADER INSISTS SCHOOLS NEED MORE FUNDING TO REOPEN “What we want is not impossible,” Garcia told Bill Hemmer. “We want our kids back in a safe school. Thats the part we are kind of confused over … if its the president or governor, just saying open the doors, put the kids back in the way they left, what could go...
    Seattle’s city council on Monday passed a tax on businesses with annual payrolls of more than $7 million, seeking to restore city revenues depleted by the coronavirus pandemic. The “JumpStart Seattle” tax will hit applicable companies on their pay to employees who make more than $150,000 a year, with tiered rates ranging from 0.7 percent to 2.4 percent. The upper limit would apply to companies such as Amazon, and to salaries of $400,000 or more at firms with $1 billion...
    NPR’s Jim Zarroli reports something about the stimulus bill that I didn’t know: Tucked into the bill are a series of provisions that mostly cut taxes for rich people. For example, they can now reduce their tax bills by claiming bigger losses from previous years, even though the losses they suffered had nothing to do with COVID-19. The Joint Committee on Taxation says that provision alone will provide an average tax cut of $1.6 million for people in the top...
    Fractional-Share Investing – Where to Invest Ferrari’s Likely Working on a More Powerful Portofino for 2021 How to Pay a Nanny the Right Way So, you’ve hired a nanny. Unlike your 15-year-old niece who charges you $10 an hour and as much of the ice cream in the fridge as she wants to watch your kid for an evening, your nanny is a professional and should be paid as such. That means accounting for payroll items such as taxes...
    Red Sox left-hander Eduardo Rodriguez, prospect Bobby Dalbec trest positive for COVID-19 Yara Shahidi Just Had an Amazing Curl Day, Courtesy of Pattern Beauty Do you understand how taxes work? Test your knowledge to achieve your financial goals with this quiz Many taxpayers struggle to understand even the basics when it comes to filing their taxes. To that point, many people are generally familiar with questions related to income taxes, tax withholding and household exemptions, but they struggle when it comes...
    Alabama agrees to play 3 games with Tigers, 2 in Memphis Ulta Beauty launched a Harry Potter makeup collection, and some people are urging others not to buy it out of support for the transgender community Loaning money to a family member? Don’t raise these red flags with the IRS TAX GUY © Getty Images/iStockphoto If you’re thinking about loaning money to a relative, here’s how to make the loan a tax-smart loan. The COVID-19 crisis and its economic...
    The majority of people who qualify for a stimulus check have already received their direct deposits, paper checks or prepaid debit cards. But the payments — $1,200 for most single earners and $2,400 for most married couples — have raised plenty of questions about how theyll impact taxes.  Chief among those is whether the payments, which are designed to help families weather the economic hit from the coronavirus pandemic, are subject to income taxes. In other words, should people set...
    DeSean Jackson apologizes after sharing anti-Semitic quote on Instagram 5 Major Questions Guys Have About Summer Style, Answered Seattle passes payroll tax targeting Amazon and other big businesses The Seattle City Council on Monday passed the JumpStart Tax, a payroll tax on the citys biggest businesses and highest earners, including Amazon. The legislation uses a tiered system of taxation, with the highest level designated for companies with annual payroll expenses of more than $1 billion. It represents a...
    Amazon CEO Jeff BezosThe Washington Post | Getty Images Seattles City Council has approved a new tax for the citys biggest businesses and their highest earners, such as Amazon. Called the JumpStart Seattle tax, the bill passed late Monday with a 7-2 vote and is expected to go into effect in 2021. Money from the tax will initially be used to fund coronavirus relief, but will eventually go toward addressing housing and homelessness in Seattle.  Under the new bill, businesses...
    Monterrey, Mexico (Alejandra Mendoza) – The closure of formal companies is already reflected in fewer taxpayers reported by the Tax Administration Service (SAT) when 6,163 business losses were registered in May under the Tax Incorporation Regime (RIF), to be at 5 million 439 thousand 24 units. This reduction in taxpayers is the second deepest after that registered in July 2015, when there were 12 thousand 304. The RIF is a scheme where natural persons with incomes not exceeding 2...
    Kremlin spokesman Dmitry Peskov says new UK sanctions against Russia will not be left unanswered – Maxim Shemetov/Reuters The Kremlin spokesman says that Moscow will respond to new UK sanctions against Russian citizens including a senior investigator and prison officials. Britain on Monday used a new legislation drafted in the memory of a killed Russian tax adviser to sanction 25 Russian nationals linked to prosecution and mistreatment of tax adviser Sergei Magnitsky as well as 20 Saudis involved in...
    JAKARTA, Jul 7 (.) – Indonesia on Tuesday approved a 10% value-added tax (VAT) on sales revenue from digital companies like Amazon, Netflix, Spotify and Google, as spending patterns change due to the increase in remote work derived from the coronavirus crisis, which has affected Indonesian finances. The Southeast Asian country’s tax agency reported in a statement that it had already assigned tax identification numbers to Amazon Web Services, Netflix, Spotify and for Google Asia Pacific, Google Ireland and Google...
    Q: In the past, you have explained that the gas tax was used for a specific reason, such as for road improvements. Wednesday, I read your column, and under a complicated tax swap, money that had been marked for transportation now goes to public safety, local health and social services programs and city and county operations. What the hell! Did the money for roads get hijacked? Again? Tony Banks, Redwood City Like Mr. Roadshow’s Facebook page for more questions and...
    New York — According to IMSS data, during the months of April and May nationwide, the closure of more than 9,000 formal businesses was reported The curtains of businesses have had to close during the coronavirus pandemic Photo:ALFREDO ESTRELLA / . via . / . MEXICO – The Tax Administration Service (SAT) de MÃ © xico registered an increase in the number of business casualties during its last report made last May, which is...
    JAKARTA (Reuters) - Indonesia imposed a 10% value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances. The Southeast Asian countrys tax office said in a statement that it had already assigned tax identification numbers to Amazon Web Services, Netflix, Spotify and Alphabets Google for its Google Asia Pacific, Google Ireland, and Google LLC units....
    Golf: Baby crashes Pieters Olympic plans but then came the virus This Anti-Wrinkle Retinol Treatment Had a 100,000-Person Waitlist Thinking about loaning money to a family member? Here’s how to avoid a tax headache TAX GUY © Getty Images/iStockphoto If you’re thinking about loaning money to a relative, here’s how to make the loan a tax-smart loan. The COVID-19 crisis and its economic fallout can put people into cash-strapped situations. If a favorite relative is in that unfortunate mode,...
    The COVID-19 crisis and its economic fallout can put people into cash-strapped situations. If a favorite relative is in that unfortunate mode, you might be thinking about loaning that person some money. If you decide to follow through, please make the loan a tax-smart loan. We will explain. Here goes. Get it in writing Regardless of the interest rate you intend to charge your well-loved relative (if any), you want to be able to prove that you intended the...
    Fedea asks for a temporary surcharge in personal income tax to pay for the crisis
    THE WHITE House could support a second stimulus check and a payroll-tax cut according to White House chief of staff Mark Meadows. Meadows spoke with reporters on Monday suggesting that President Donald Trump supports several economic aid for Americans. 2 U.S. President Donald Trump waves to attendees during the Salute to America event on the South Lawn of the White House in Washington, D.C., U.S., on Saturday, July 4, 2020. Trump yesterday decried what he described as efforts to eliminate...