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Federal Tax Updates Archive

Michigan Town Defunds Library Due to LGBTQ+ Book Fight

TweetShareSharePin0 Shares A Michigan town has voted to defund its tax-funded public library due to a fight that began over LGBTQ+ books. Jamestown Township, a historically conservative community in Ottawa County, Michigan, voted to defund Patmos Library on Tuesday, August 2.  According to a report from Bridge Michigan, the “vote guts the library’s operating budget in

TaxBuzz Chat: The Inflation Reduction Act and More

TweetShareSharePin0 Shares It’s that time again, #TaxTwitter. As hard as it may be to believe that July has passed, the August #TaxBuzzChat arrived and was busy as ever. In this month’s chat – hosted on our Twitter account @TaxBuzzOnline – we invited pros across the country to join us to discuss their thoughts on the

Could Crypto Mining Taxes in The US Help Save The Planet, Or Is There an Easier Way?

TweetShareSharePin0 Shares Carbon emissions are overheating the planet, and Americans are feeling it this summer, with unprecedented wildfires, heat waves, floods, and droughts. The most significant source of planet-heating carbon emissions is burning fossil fuels for energy.  Policymakers looking to curb emissions are turning their attention to cryptocurrency mining (validating cryptocurrency transactions on a blockchain

Context, Heartbeats, and Investments | Tax Policy Center

TweetShareSharePin0 Shares TPC’s Bill Gale puts JCT’s score on the Inflation Reduction Act in context. Gale notes that the Joint Committee on Taxation analysis suggests that taxes would increase at nearly every income level. But Bill cautions that other factors should be considered before drawing conclusions about how the Manchin-Schumer compromise climate and tax bill

Australia Social Security Tax and Benefit System

TweetShareSharePin0 Shares Imagine that a government provides subsidies to single parents that actually increase tax rates on additional work. This is the case for an Australian single parent who earns less than the average wage. With an increase in pay of just AUD 983 more, he would face a 652 percent marginal tax rate. Therefore,

The Weekly (Tax)Buzz – August 3rd, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – August 3rd, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

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