Articles

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Palm Beach County reduces property tax rate, the first cut in 12 years
Palm Beach County commissioners have reduced the county’s property tax rate — providing slight relief from the rising cost of living. It’s the first cut in 12 years. Read More.
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Texas economy hums, adding $14B to state surplus amid record-breaking sales taxes
AUSTIN — Texas has so completely recovered from the economic slump caused by COVID-19 that state tax receipts have set new records, adding $14 billion to an already swollen surplus, Comptroller Glenn Hegar said Thursday. Read More.
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Dems’ tax-increase dreams meet election-year reality
Jon Tester isn’t up for reelection this fall, nor is he threatening to oppose a party-line Democratic bill that might increase taxes. He still has a warning for his colleagues. Read More.
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The Chairman’s Report July 15, 2022
Every for-profit business must deliver products or services that people are willing to pay for, or they will cease to exist.  Similarly, every non-profit organization must show itself worthy of the contributions they seek, or they too will disappear. Read More.
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Democrats weigh a range of tax increases in revived Build Back Better plan
President Joe Biden’s massive social safety net package known as Build Back Better sputtered out in December — but pieces of it have shown new signs of life this year. Read More.
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A new tax law will freeze property taxes for eligible Maine seniors
A new law will freeze property tax increases for some older Mainers. In order to qualify, you must be 65 years or older and a permanent Maine resident who's owned a primary residence in the state for at least the past ten years. “65 plus right?," said Avesta Neighborworks director Nicole DiGeronimo. "A lot of Mainers aren’t millionaires; they’re living on fixed income ... social security.” Read More.
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New Republican plan calls for renewing monthly child tax credit payments — but there are ‘significant’ trade-offs, one report finds
Millions of families came to count on pandemic-era monthly child tax credit checks of up to $300 per child, a program that expired last December. Now, a new Republican Senate proposal aims to restart the monthly payments to parents — with new requirements, however. Read More.
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Hundreds of families have already applied for new Missouri tax credit scholarships
Some Missouri parents can now apply for scholarships for their children to attend private schools or other alternatives to their local public schools. And hundreds already have. Read More.
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Legislative Leaders Announce $500M in Tax Relief Proposals
BOSTON (AP) — Legislative leaders in Massachusetts announced plans on Monday for a $500 million tax relief package that includes increases in credits available for older residents, lower-income workers, as well as parents and others with dependants. Read More.
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Special session planned for West Virginia Gov. Justice's income tax reform proposal
Lawmakers in the West Virginia Legislature will soon be called into a special session to take up a proposal to cut the state's personal income tax which has been put forward by Gov. Jim Justice. Read More.
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The Grassroots Corner July 11, 2022
The Grassroots Corner - Week Beginning 7/04/22: “Dan Bongino Reaffirms his support for the FAIRtax” Read More.
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Leave U.S., Pay IRS Taxes Forever
Reports say there’s been a big uptick in interest in leaving America with the overruling of Roe v. Wade, gun violence, political turmoil and more. One popular post advises how to move out of the US and the best places to escape. There are numerous choices, including moving to Canada. But if you go, is it temporary or permanent? Either way, most people probably assume that it won’t impact their citizenship. Read More.
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Ken Griffin Spent $54 Million Fighting a Tax Increase for the Rich. Secret IRS Data Shows It Paid Off for Him.
For billionaire Ken Griffin, it was well worth spending $54 million to ensure he and other rich Illinoisans wouldn’t have to pay more tax. Read More.
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The Chairman’s Report July 8, 2022
In March of 2021, the IRS shredded 30 million paper-filed information returns as a solution to the pandemic-related backlog. Read More.
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Billions in bitcoin trapped on lending platforms like Celsius may turn into a tax writeoff for investors
Crypto lending platforms like Celsius, Anchor, and Voyager Digital rose to prominence for offering almost unbelievable returns of up to 20% annually on customer deposits. Now, much of that crypto cash is trapped, as plunging token prices force platforms to temporarily suspend or limit withdrawals. Read More.

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