How do the Oakland Raiders players feel about the possible (likely) move to Vegas? They're stoked about the FORTUNE they'll save on state income tax!! We spoke with Raiders linebacker Malcom Smith (the MVP of Super Bowl XLVIII) who says a bunch of…
If you want to shrink your tax bill or beef up your refund, claiming all the deductions you're eligible for can be a smart strategy. Deductions reduce your taxable income. That's a plus if you want to hang on to as many of your hard-earned dollars as possible. Show More Summary
The freelance lifestyle has numerous advantages — among them, freedom and flexibility. Even so, you can't escape your tax obligation to Uncle Sam, and being a freelancer poses its own challenges at tax time. Consider these factors that might impact your income taxes: (See also: 8 Tax Return...
As a veteran FoI (Freedom of Information) campaigner in relation to equal pay, I can honestly say that the only logical reason for Donald Trump to refuse to release his tax returns is that the incoming President has something to hide. Show More Summary
Another call for the sacking of Pravin Gordhan, South Africa's finance minister, for his alleged failure to transform the ailing national carrier, South African Airways. Zimbabwe is facing a serious shortfall in tax income. East African economies are likely to come under severe pressure this year. And the strike by hospital doctors in Kenya continues.
Don't pay more taxes than you have to. Sound advice, but it can be tough to eke out every deduction, credit and income adjustment you deserve. It's not the usual blah, blah, blah. Click here. You may know, generally, the five most popular...Show More Summary
Gov. Andrew M. Cuomo sees reauthorization of the 8.82 percent rate in the highest income bracket as the key to avoiding a $4 billion budget shortfall.
The chief financial officer of Koch Industries said the company does not support efforts to keep a controversial tax exemption for business owners. Kansas created the exemption on nonwage income … Click to Continue »
High-end life insurance agents will need to restructure their business models or adjust to significantly lower income if the federal estate tax is repealed. President-elect Trump has proposed eliminating the federal estate tax. While this may not happen, or the tax might be modified as opposed to completely eliminated, let us [...]
ObamaCare has complicated income tax preparation even for those who don;t owe taxes.
Millions of taxpayers will see a tax increase in 2017: they just won't realize it immediately. That's because the tax increase can't be found with a bump in income tax brackets or a rate increase but a change in the cap on wages subject to Social Security taxes.
On Tuesday, United Airlines reported fourth-quarter 2016 profits of $397 million at $1.78 per share. According to AP, this beat Wall Street estimates of $1.65 per share. In addition, the airline generated $9.1 billion in total revenue...Show More Summary
Many retirees are surprised when state taxes crack their nest egg right open. In addition to local tariffs like sales tax and property tax, some states even tax Social Security benefits, the most critical source of income for many American retirees. Show More Summary
Liberty Tax CEO anticipates positive change for business owners and the economy with incoming Trump Administration VIRGINIA BEACH, VA -- (Marketwired) -- 01/17/17 -- Liberty Tax, Inc. (NASDAQ: TAX) Liberty Tax Service, a leading taxShow More Summary
President-elect Donald Trump “criticized a cornerstone of House Republicans’ corporate-tax plan, which they had pitched as an alternative to his proposed import tariffs, creating another point of contention between the incoming president and congressional allies,” the Wall Street Journal reports. [...]
Per the survey, 74% of respondents said the incoming POTUS should show his tax returns. 93% of of Hillary Clinton supporters were in favor of this as were 83% of independents. Even 49% of Trump voters feel he needs to release the returns.
Adam Ozimek: The Case Against Cutting Top Marginal Tax Rates: For some people, cutting income tax rates is an evergreen strategy for expanding the economy. If you cut income taxes, the argument goes, people will work more. Under this logic,...
Irecently argued that the fact that people in the top of the income distribution already work a lot suggests little room for an added boost from cuts in the top marginal income tax rate. Here are a few added points on this topic. Yes, there are other margins of labor [...]
California stands for just about everything Donald Trump doesn't, writes Josh Harkinson. Here in America's most populous state, the wealthy pay the nation's highest income tax rate, the minimum wage will soon rise to $15 an hour statewide, more than a quarter of the population is foreign born, and the economy is booming. Show More Summary
Strong Towns : "The median household income in Lafayette is $41,000. With the wealth that has been created by all this infrastructure investment, a median family living in the median house would need to have their city taxes go from $1,500 per year to $9,200 per year. Show More Summary