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As inflation skyrockets, local Texas governments ponder tax rate increases as they balance budgets
Every summer, Jasper County Judge Mark Allen begins to worry about two very different storms brewing: hurricanes and his county budget. Read More.
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New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows
Researchers applied the Inflation Reduction Act’s new 15% corporate minimum tax onto 2021 company earnings and found that the burden would only be felt by about 78 companies, with Berkshire Hathaway and Amazon paying up the most. Read More.
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A State Tax War
The Supreme Court’s unwillingness to intervene in a fight among states over taxing income from remote work may spark a jurisdictional revenue war. Read More.
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IRS to summon users who don’t report and pay tax on crypto transactions
With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax. Read More.
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Your First Look at 2023 Tax Brackets, Deductions, and Credits
The US Bureau of Labor Statistics reported that the consumer price index increased just 0.1% for August after no change in July. However, inflation remains a concern because over the last 12 months, the index rose 8.3% before seasonal adjustment. And those rates could impact your 2023 tax picture. Read More.
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SALT Workarounds Carry Consequences for Tax Affected Earnings
State and local tax workarounds such as pass-through entity income tax options have received their share of news coverage. But their impact on business valuation is often overlooked, creating traps such as complications in “tax affecting” earnings, says Brady Ware Arpeggio’s Bruce C. Wood. Read More.
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Ohio agency poised to approve $650 million Intel tax break
The state is poised to grant additional financial incentives to Intel that figure to save the semiconductor company about $650 million in state taxes over the next 30 years for its project in New Albany. Read More.
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The Grassroots Corner September 26, 2022
The Grassroots Corner - Week Beginning 9/26/22: “Cranford New Jersey Street Fair” Read More.
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The Chairman’s Report September 23, 2022
It is perfectly natural for people who are solidly committed to a particular political position to have a hard time understanding how anyone could possibly hold an opposing view. When faced with opposition, they often react with disbelief and consider that opposition to be not only unfair but illogical. Read More.
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3 ways to get a bigger tax refund
The complexity of the tax code can make filing taxes a chore, but you can also use it to your advantage. The many possibilities for tax deductions and tax credits, for example, can help you legally reduce your tax liability. Read More.
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Here’s how persistent high inflation may affect your tax bracket next year
As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 — covering tax brackets, 401(k) plan contribution limits and more. Read More.
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Inflation means the IRS could soon change your tax bracket. Here's what to know.
Every year, the IRS adjusts many provisions to account for the impact of inflation, ranging from individual tax brackets to how much you can save in your individual retirement account, or IRA. With inflation running near a 40-year high, experts say some major changes are likely to be in store for taxpayers. Read More.
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DeSantis discusses migrant controversy, tax relief during Bradenton stop
Gov. Ron DeSantis on Tuesday responded to criticisms about the decision to move migrants from Venezuela on their way to Florida through Texas to Martha’s Vineyard. Read More.
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UN chief: 'Tax fossil fuel profits for climate damage'
Antonio Guterres told the General Assembly that polluters should pay for the impact of climate-related events. This question of who funds these losses has long dogged international negotiations. Read More.
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What Is a Property Tax Assessment?
Many homeowners have witnessed considerable increases in property value over the past few years. According to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, home prices increased by 18.9% in 2021. Read More.

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