Articles
Jeff Bezos, Elon Musk, Mark Zuckerberg, others to pay billions
annually under ‘Ultra Millionaire’ tax
The annual tax would be a 2 per cent levy on a wealth of more
than $50 million and 3 per cent on over $1 billion, affecting the
wealthiest 100,000 American families. Read More.
State panel looks at ending soda tax
A House committee is weighing a bill backed by Gov. Asa
Hutchinson that would phase out the state’s soft drink tax by
2025 and make up the loss of it as a source for the state’s
Medicaid trust fund by using general revenue. Read More.
The Grassroots Corner March 8, 2021
🇺🇸 The Grassroots Corner - Week Beginning 3/08/21: “Meet our
Economist, Dr. Karen Walby” Read More.
AICPA requests tax deadline postponements until June 15
The AICPA on Thursday sent a letter to IRS Commissioner Charles
Rettig and Acting Assistant Secretary Mark Mazur urgently asking
for the deadlines for filing all 2020 federal income tax and
information returns and for making payments to be extended from
April 15 to June 15, 2021, in response to a number of issues that
make it impossible for many taxpayers to meet the April 15
deadline. Read More.
Maryland’s First-In-Nation Digital Ad Tax Could Catch On — IfIt’s Legal
Google GOOG +1.4%, Facebook and Microsoft could start paying
hefty advertising fees in Maryland — and possibly elsewhere — if
the state’s new digital ad tax holds up in court. Read More.
Maryland’s First-In-Nation Digital Ad Tax Could Catch On — If
It’s Legal
Google GOOG +1.4%, Facebook and Microsoft could start paying
hefty advertising fees in Maryland — and possibly elsewhere — if
the state’s new digital ad tax holds up in court. Read More.
IRS Adds New Guidance But Form 1040 Cryptocurrency Question Is
Still Causing Confusion
The IRS really wants to know about your cryptocurrency. Read More.
The Chairman’s Report March 5, 2021
Another unnecessary “war” caused by the federal income tax is
starting to heat up in the United States. Read More.
Wealthy Clients Might Give More After Biden Tax Changes
President Biden’s tax proposals might affect long-term charitable
giving for the wealthy, possibly leading to an increase in
giving. Read More.
GOP may hold keys to Democrats’ long-sought minimum wage hike
Dems have batted away a GOP proposal to raise the wage to $10 an
hour and enact stricter immigration vetting requirements for
employers. Read More.
A tax switch on IRAs and 401(k)s could hurt high earners
A projected switch in calculating retirement plan benefits from a
deduction to a credit could have significant implications for
high-net-worth taxpayers, if enacted as initially proposed. Read More.
U.S. drops key obstacle to global digital tax: Treasury
The Trump administration had insisted on a so-called safe harbour
clause in the OECD tax that effectively would have allowed big
tech companies to comply voluntarily, blocking progress on a
deal. Read More.
Don’t be fooled. WA Dems are using the backdoor to slip us an
income tax | Editorial
State Democrats once again are trying to slip an income tax plan
through the backdoor and this time they think they have the votes
to do it. Read More.
Wyoming’s 9-Cent Fuel Tax Hikes to Raise $60.3M/Yr for RoadsFinding Broad Industry Backing
CASPER, Wyo. — A proposal to increase Wyoming’s gasoline and
diesel fuel taxes has support from a range of different
industries who describe the highway system in terms like
“Wyoming’s life blood.” Read More.
