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Monthly Archive:: January 2022

Kansas Sales Tax Reform Testimony

TweetShareSharePin0 Shares Note: The following is Tax Foundation testimony on Kansas House Bills 2484 and 2487 (Neutral), submitted to the Kansas House Committee on Taxation on January 25, 2022. Chairman Smith and Members of the Committee: My name is Katherine Loughead, and I am a Senior Policy Analyst at the Tax Foundation. I appreciate the opportunity

Organization Tax Lessons from Down Under

TweetShareSharePin0 SharesThese are beneficial plans for making the tax obligation system practical for companies that are battling and also for those that are prepared to make brand-new strides in development. In action to the financial situation, the Australian federal government presented a momentary plan that permits services to make use of the losses they sustained

Who Settles Cases – Appeals or Counsel (and Why?)

TweetShareSharePin0 Shares One of the many interesting charts in the National Taxpayer Advocate’s 2021 annual report displays who settled the case before Tax Court trial, Appeals or Counsel.  The trends are not good for Appeals.  They show that more and more settlements occur at Counsel.  What the chart does not show is why.  I would

Rising cost of living or a rate spot? As well as a red line?

TweetShareSharePin0 SharesA gas tax obligation rise would certainly influence middle-income families and also President Biden has actually vowed not to elevate tax obligations on those making under $400,000 every year. Biden’s proposition to elevate tax obligations on the rich might make some philanthropic offering approaches much more appealing. For the most current tax obligation information,

Returns Tax Rates in Europe

TweetShareSharePin0 SharesIn many nations, such returns settlements are subject to returns tax obligation. In several nations, business revenues are subject to 2 layers of tax: the company earnings tax obligation at the entity degree when the firm gains earnings and also the reward tax obligation or resources gains tax obligation at the specific degree when

The IRS Made Me File A Paper Return. Then Lost It

TweetShareSharePin0 Shares The IRS lost my 2020 tax return. Well, according to the notice I got yesterday, the IRS says it “never received” the return. But I’m sticking with “lost.” Let me explain: As TaxVox readers may remember, I—and at least 3.4 million other tax filers—got caught in an IRS security trap last year. In

Price Segregation: Why are 90% of investor paying too much g…

TweetShareSharePin0 SharesPrice Segregation: Why are 90% of investor paying too much government revenue tax obligation? Expense partition transforms revenue exhausted at 35% (common revenue) to revenue strained at 15% (funding gains). Just regarding 2-5% of devaluation routine in government tax obligation returns have brief life residential property correctly divided to decrease the proprietor’s government tax

State Sales Tax Collections per head

TweetShareSharePin0 SharesIn monetary year (FY)2018, the greatest state sales tax obligation collections per capita were discovered in Hawaii ($2,694), the District of Columbia ($2,128), Washington ($2,118), Nevada ($1,941), Louisiana ($1,852), and also South Dakota ($1,702). Slim sales tax obligation bases lower collections, however a lot more notably, they make the tax obligation much less neutral
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