2020-08-03@15:20:47 GMT
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News about taxes:

    President Donald Trump’s re-election campaign on Monday released two new ads focusing on former Vice President Joe Biden’s radical plans for the country. The ads focus on Biden’s proposed trillions of dollars in new taxes and amnesty for 11 million illegal immigrants as well as his plan to reduce funding for the police “The radical...
    Maine wine drinkers pay the equivalent of 60 cents per gallon in state wine excise taxes, according to a new analysis from the Tax Foundation based on January 2020 data. The wine excise tax in Maine was 32nd highest among the 50 states, the Tax Foundation study found. Most states levy wine taxes...
    By SAM METZ, AP/Report for America CARSON CITY, Nev. (AP) — Nevada lawmakers passed three resolutions on Sunday that propose changing provisions of the state Constitution that cap the amount of taxes that can be levied on the mining industry and require two-thirds majorities in the Legislature to raise taxes. Battles over how to tax...
    Wealthy New Yorkers who fled the city during the coronavirus crisis “don’t want to come back” — and may be further deterred by talk of rising taxes, an economic watchdog warned Sunday. “They want to go to the office, but they don’t want to come back to the city,” Partnership for NYC President Kathryn...
    Wealthy New Yorkers who fled the city during the coronavirus crisis “don’t want to come back” — and may be further deterred by talk of rising taxes, an economic watchdog warned Sunday. “They want to go to the office, but they don’t want to come back to the city,” Partnership for NYC President Kathryn Wylde...
    California Democrats are planning to raise the state’s highest-in-the-nation tax rates even higher this month, hiking the top rate in the state to 16.8%. The San Francisco Chronicle reported Friday: A bill introduced in the Legislature this week would raise California’s top personal income tax rate — already the highest in the nation at 13.3% —...
    Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims.John Sommers II Individuals receiving unemployment benefits this year could face a tax surprise in 2021: owing Uncle Sam or receiving smaller refunds. Some 1.43 million people filed for unemployment last week, according to the U.S....
    Couple buying a new house.PeopleImages | Getty Images A Roth individual retirement account is often cited as a way to save for your golden years. It could  also help you buy a house. In a nutshell, up to $10,000 in earnings can be withdrawn from such an account — free of both taxes and penalty...
    DENVER (AP) — Supporters of a initiative to raise taxes for higher income-earners and lower them for those who make less won't make Colorado's November ballot. A liberal coalition called Fair Tax Colorado said Friday the coronavirus pandemic stymied its efforts to gather enough voter signatures to submit the initiative for approval by the secretary...
    Juan Carlos I, goes from bad to worse as information about his business and alleged tax irregularities appear every day. & nbsp; “data-reactid =” 7 “> The image of the king emeritus, Juan Carlos I, goes from bad to worse as information appears every day about their businesses and alleged tax irregularities. published by...
    Potholes, old bridges, crumbling asphalt: States across the country are struggling to find the money to repair them. Recently, several have turned to a new strategy — taxing electric vehicles. But a Consumer Reports analysis shows why this could create new problems for people looking to buy a clean, efficient car. As the number of...
    Barry Winiker | Getty Images A proposal to raise taxes on California millionaires would result in a top tax rate of nearly 54% for federal and state taxes. Democrats in the California state legislature this week proposed a tax hike on the state's highest earners to help pay for schools and services hurt by the...
    Getty Images Another Yankees-Orioles matchup, another Yankees win. It’s like clockwork now. To talk about the Yankees win Wednesday night in Baltimore and everything going on in Yankees land, we present a brand new episode of the “Pinstripe Pod” with Chris Shearn and Yankees great Jeff Nelson. The guys open the podcast talking about...
    Getty PicturesOne other Yankees-Orioles matchup, one other Yankees win. It’s like clockwork now. To speak in regards to the Yankees win Wednesday evening in Baltimore and every thing occurring in Yankees land, we current a model new episode of the “Pinstripe Pod” with Chris Shearn and Yankees nice Jeff Nelson. The fellows open the podcast...
    Getty Images Another Yankees-Orioles matchup, another Yankees win. It’s like clockwork now. To talk about the Yankees win Wednesday night in Baltimore and everything going on in Yankees land, we present a brand new episode of the “Pinstripe Pod” with Chris Shearn and Yankees great Jeff Nelson. The guys open the podcast talking about...
    Voters in the City and County of Broomfield will decide in November whether to welcome the commercial marijuana industry, after Broomfield City Council approved proposed local sales and excise taxes on retail marijuana, and moved those tax proposals to the ballot. After over a decade of banning marijuana dispensaries and commercial grows, the Broomfield City...
    Facebook CEO Mark Zuckerberg testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on "Online Platforms and Market Power" in the Rayburn House office Building on Capitol Hill in Washington, DC on July 29, 2020.Mandel Ngan | AFP | Getty Images The House Judiciary Committee held an antitrust hearing on Wednesday with...
    Four men - including one each from Long Island and Westchester - will spend time behind bars for their roles in a tax evasion and bribery scheme. Nassau County resident Ronald Olson, of Massapequa, Westchester County resident Michael Campana, of Tuckahoe, and Middletown, New Jersey residents Anthony Guzzone and Vito Nigro, are all facing charges...
    When legislators passed and Gov. Gavin Newsom signed a 2020-21 state budget in June, they described it as “balanced.” Not by a long shot. As detailed in this space earlier, it included at least $20 billion in direct and indirect, on-the-books and off-the-books borrowing that must, of course, eventually be repaid. More than half of the...
    (CNN)Chief Justice John Roberts had the majority on his side after the Supreme Court heard arguments on whether President Donald Trump's financial records could be released to congressional Democrats and a New York prosecutor, according to multiple sources familiar with the inner workings of the court. But the vote among the justices was close, and...
    Supreme Court Justice Brett Kavanaugh tried to persuade his colleagues not to make a decision about Trump's tax records requested by Congress. According to a Wednesday report from CNN, the Trump-nominated justice urged his colleagues to consider that Trump v. Mazars USA, LLP, a case that dealt with subpoenas issued by the House Oversight...
    Louisiana Gov. John Bel Edwards has asked the state’s congressional delegation to try to ensure the federal government's next stimulus and aid package includes shoring up statesunemployment trust funds so tax increases aren't imposed on businesses. Louisiana’s fund could be insolvent by September, officials said, forcing the state to borrow from the federal...
    Georgia is collecting a record amount of revenue from unemployed workers, according to Senate Appropriations Chairman Sen. Blake Tillery, R-Vidalia. As the state pays out billions of dollars in unemployment benefits to laid-off workers, it has collected about $120 million to $135 million a month in state income taxes from the payments, Tillery said....
    Roundup: Patrick Mahomes Joins Royals Ownership, Barr Testimony Gets Contentious, Lincoln Riley Signs Extension RHOC Alum Gretchen Rossi Mourns the Death of Her Sweet Dog Vito: This Loss Is Very Hard on Me COVID-19 Stage 2: Prepare Your Portfolio and Your Life The COVID-19 epidemic has changed all our lives.  Just as we hoped...
            by Richard McCarty  A Biden presidency would be a disaster for everyday Americans. If given the chance, Joe Biden will endanger your family’s security, infringe upon your rights, increase your cost of living, lower your home’s value, and hurt your 401(k) – all while killing countless jobs. For starters, Biden wants to take...
    SACRAMENTO —  Democrats in the California Legislature have unveiled a new effort to significantly raise tax rates on taxable income of $1 million and higher, an effort they say would provide billions of dollars to improve K-12 schools and a variety of government services vital to the state’s recovery from the COVID-19 pandemic. The bill,...
    CBS Detroit – Uri Rafaeli is a retired engineer who lost his Oakland County rental home back in November for not paying his property taxes in full. He owed $8.41, and yes that is correct, he lost his home for about the price of a movie ticket. What’s worse is Oakland County foreclosed and seized...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City While coronavirus numbers are remaining steady in New York, Governor Andrew Cuomo is continuing to call for state and local aid in the next COVID-19 stimulus package. On July 27, New York performed 57,397 tests, with...
    Alameda County voters likely will be asked a second time in less than a year to approve a half-cent sales tax. On Tuesday, supervisors are expected to give final approval on putting the half-percent tax increase before voters on Nov. 3. The money would help pay for “housing and services for those experiencing homelessness,” as...
    BISCUITS and chocolates could still be hit with extra taxes as part of the Government’s battle to slim down Britain. Officials warn prices for family favourites could be hiked unless manufacturers make junk food healthier. 1Biscuits and chocolates could still be hit with extra taxes as part of the Government’s battle to slim down BritainCredit:...
    A Pennsylvania House Republican lawmaker thinks families should get a discount on property taxes during the pandemic, especially if parents opt to keep their children out of district schools. “Parents who take their kids out of public education and pay elsewhere deserve a property tax break,” said Rep. Russ Diamond, R-Lebanon, in a Tweet...
    Wall of Moms Sues Trump Administration on Agents in Portland Congress Hall is a historic boutique hotel on the Jersey Shore that used to be called the Summer White House — now it attracts families and couples seeking the quintessential beach escape Heres how many people withdrew $100,000 from their 401(k) accounts due to coronavirus...
    Hispanolistic | E+ | Getty Images Months of economic uncertainty have driven people to turn toward a normally forbidden pot of cash: their retirement savings. The CARES Act, which President Donald Trump signed into law this spring, allows individuals affected by the pandemic to take emergency withdrawals of up to $100,000 from their retirement plans....
    Yahoo Sports NBA 2019-20 season restart team previews: Los Angeles Clippers 12 Types of Hair Rollers and How to Use Them How property taxes are calculated How are property taxes calculated? Crunching the numbers may not be as fun as adding up the earnings from an investment, but understanding the details of your property...
    Democrat presidential nominee Joe Biden is a “Trojan Horse candidate” who will be exploited by the radical left, Trump’s re-election campaign Communications Director Tim Murtaugh said in an interview Saturday. “Joe Biden is an empty vessel. He’s a Trojan Horse candidate that the extreme left will use to fill and advance their radical agenda,” Murtaugh...
    Matthew Rozsa July 26, 2020 11:30PM (UTC) Five months after the attack on Pearl Harbor, President Franklin Roosevelt delivered a radio address that has unfortunately faded into obscurity. Embedded within that 1942 speech, Roosevelt laid the ideological foundations for establishing a cap on the annual income that the wealthiest Americans should be allowed to earn,...
    Dear Moneyist, Unfortunately, we are one of the families who only got a $200 stimulus payment. We have a family of five that we provide for, but because one of our kids would have owed around $800 in federal taxes and would benefit more from us not claiming her, we allowed her to file on...
    By Patpicha Tanakasempipat BANGKOK (Reuters) - Hundreds of Thai protesters sang a Japanese cartoon jingle on Sunday with lyrics mocking the government as hungry hamsters feasting on taxpayer cash, part of a new protest movement by youth who say they are using whimsical tactics for serious ends. Thai youths have been defying a coronavirus ban...
            by Amy Forliti  MINNEAPOLIS, Minnesota (AP) — The former Minneapolis police officer charged with murder in the death of George Floyd was charged Wednesday with multiple felony counts of tax evasion, according to criminal complaints that allege he and his wife didn’t report income from various jobs, including more than $95,000...
    WILMINGTON, Del. (AP) — Nearly 51,000 people in Delaware's largest county mistakenly received property tax bills, the county announced on Saturday. New Castle County said the tax bills were sent in error by a vendor to people who pay their property taxes using escrow through their mortgage lender, The News Journal of Wilmington reported. Officials...
    MIAMI (CBSMiami) – Business owners and landlords, who are suffering through coronavirus shutdowns and loss of business, are about be financially hit once again with upcoming property taxes, which in many cases, are hefty. “We are swimming or navigating in strange waters,” said Miami-Dade County Property Appraiser Pedro Garcia. It could get stranger when landlords...
    The owner of a Jersey Shore Italian restaurant admitted stiffing the IRS out of $185,000 in personal and corporate taxes. Raimondo Schiano, 55, admitted diverting unreported income from Biagio’s Trattoria in Lacey Township to his personal account for four straight years, beginning in 2014, during a video conference with a federal judge in Trenton on...
    PHILADELPHIA (CBS) — The owner of a popular Philadelphia cheesesteak shop and his son have been federally indicted on tax fraud charges. Owner of Tony Luke’s, Anthony Lucidonio, his son Nicholas Lucidonio, and another unnamed individual were named in an indictment Friday morning that alleges they were involved in a tax fraud scheme from 2006...
    Attorney General Xavier Becerra released the titles and summaries for the measures that will appear on the Nov. 3 statewide general election ballot, providing more evidence, as if any was needed, that this is a job for a neutral, nonpartisan analyst, not a partisan elected official. In one example, Becerra titled Proposition 15: “Increases funding...
    The Big Idea is a series that asks top lawmakers and figures to discuss their moonshot — what’s the one proposal, if politics and polls and even price tag were not an issue, they’d implement to change the country for the better? Stephen Moore, a member of President Trump’s economic recovery task force and an economist at FreedomWorks, has a...
    Using tear gas and rubber bullets, federal agents push protesters back from Portland courthouse An Unknown Salmonella Outbreak has Infected Over 100 People in 15 States Social Security’s Woes Are Accelerating — Blame the Pandemic You’ve probably heard that Social Security, a major source of many Americans’ retirement income, soon will be on hard...
    DETROIT, Mich. (CBS DETROIT) – Detroit residents will get a chance to consider Proposal N for Neighborhoods on the Nov. 3 ballot after being approved by the Detroit City Council July 21. Proposal N plans to address 16,000 vacant houses in Detroit through rehabilitation or demolition. If approved by voters, it would allow the Detroit...
    The D.C. Council unanimously approved its Fiscal Year 2021 budget after months of adjustments to the bottom line, as the pandemic reduced the city’s revenue by $770 million. Among the budget’s highlights: A controversial advertising tax was dropped, schools are fully funded, and council members redirected funds away from D.C. police to violence interruption programs....
    The former Minneapolis cop accused of killing George Floyd has also been charged with multiple tax evasion felonies, Minnesota prosecutors announced Wednesday. Derek Chauvin and his wife Kellie Chauvin are accused of failing to file individual tax returns from 2016 to 2019 and "fraudulently filing tax returns from 2014 to 2019," Washington County Attorney Pete Orput...
    The priority of the Senate will be to prepare the next economic stimulus package The stimulus package is expected to be approved until August. Photo: OZAN KOSE / . / . Most of the relief benefits launched since March through the CARES Act are about to expire, including increased unemployment insurance...