A new U.S. tax credit aimed at encouraging Americans to buy electric vehicles may backfire and limit choices for consumers because of concerns it's weighed against European Union manufacturers, the EU trade chief said Thursday. Read More.
Imagine waking up today to a $20,000 bill out of nowhere. That’s what happened to hundreds of D.C. residents when they opened their August property tax bill. Read More.
Throughout history, employers have wanted to make as much profit as they can and employees have wanted to earn as much income as they can. It’s just natural that each side would have its particular point of view, but successful employers and successful employees know that they have to work together and compromise. Read More.
A Democrat running for re-election in one of the most heavily favored seats for Republicans to flip in this year's midterm elections told a reporter earlier this week that he was in favor of hiring 87,000 new Internal Revenue Service (IRS) agents as part of his party's massive social spending and taxation legislation, known as the Inflation Reduction Act.
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On May 7, 2022, Texans voted overwhelmingly in favor of Propositions 1 and 2 to lower their property taxes. These plans will put more of the public school cost burden on the government by increasing the amount homeowners can deduct from the appraised value of their houses, known as the homestead exemption. Read More.
The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic. Read More.
Gov. Gretchen Whitmer is proposing a back-to-school supply tax “holiday” that wouldn’t actually give money back to residents anytime soon, despite the promises she claims. Read More.
The Internal Revenue Service (IRS) will have nearly 87,000 new IRS agents due to Joe Biden’s newly signed Inflation Reduction Act, and the IRS will be creating a new centralized office and five subsidiary offices to manage their increasing wealth and power. Read More.
Wisconsin Gov. Tony Evers proposed a $600 million annual tax cut on Tuesday — an election year proposal that Republican legislative leaders rejected as a “vote-buying ploy. Read More.
Deep down something in our humanity strives for steadiness, stability, continuity and catharsis. Unfortunately, we humans get ourselves into messes so easily and we often end up with disorder, confusion, bedlam, and disarray. Read More.
Missouri Governor Michael L. Parson has officially called for a special session to cut income taxes and extend agriculture tax credit programs. Read More.
As Congress prepared to vote on President Joe Biden’s $700bn climate, tax and healthcare bill this month, the head of the US tax collection agency sent a letter to lawmakers pleading for its passage.
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