federal taxes Archive
Tax Burden by State: 2022 State and Local Taxes
April 7, 2022 No Comments
TweetShareSharePin0 Shares Key Findings In calendar year 2022, state-local tax burdens are estimated at 11.2 percent of national product. Taxpayers remit taxes to both their home state and to other states, and about 20 percent of state tax revenue comes from nonresidents. Our tax burdens analysis accounts for this tax exporting. New Yorkers faced the
Understanding And Saving Money On Your Health Insurance Plan
TweetShareSharePin0 SharesUnderstanding And Saving Money On Your Health Insurance Plan These days navigating the health insurance marketplace is more difficult than ever. With constant changes and rising prices, finding the best coverage for you and your family can seem like an impossible task. This article can help you find the coverage you need at a
Hey Tax Filers: There’s (At Least) One Thing You Should Know…
TweetShareSharePin0 Shares Tax Day is less than two weeks away. You might be like my spouse and me: Still working on your return and resigned to paying a balance due. Or maybe you’re relieved that you already have received your refund. That’s tax season for filers in a nutshell. You give, or you get.
A Proposed ACA Fix, Another Global Tax Veto, And More State Tax Cuts
TweetShareSharePin0 Shares President Biden wants to expand eligibility for health care premium tax credits. Currently, the Affordable Care Act (ACA) caps health care premiums for individuals at 10 percent of their incomes, but the cap does not apply to spouses and children insured through family members’ employers. Biden would allow families to receive tax credits
TweetShareSharePin0 SharesIRS Auditing Everyone hopes that they will never have to endure an audit from the Internal Revenue Service (IRS). On the downside, there is a good chance that sometime in your life you will be audited. However, there are a few things you can do to make the process a little easier. It is
Accounting Finance Careers
TweetShareSharePin0 SharesAccounting Finance Careers For those who enjoy the challenge of working with numbers on a daily basis, an accounting finance career is right for you. With the tools that were taught in school, you will be able to help a company or a business run efficiently. But what is the first step that you
How Much Will People Save From Maryland’s Gas Tax Holiday? Not Much
TweetShareSharePin0 Shares In response to rising gas prices, Maryland suspended its gas tax for 30 days. Connecticut and Georgia also have created gas tax holidays and lawmakers in other states are debating some form of gas tax relief. Although well-meaning, it’s not clear that this policy will provide much benefit to drivers. To the extent
Once More Unto The Breach!
TweetShareSharePin0 Shares Will Senate Democrats make a deal with Sen. Manchin on a smaller spending plan? They’re going to try one more time, three months after the West Virginia Democrat sunk the $1.7 trillion Build Back Better plan. Politico reports that Senate Dems are switching up their strategy by meeting Manchin’s recent demands. He says
Integrated Tax Rates on Corporate Income in Europe
TweetShareSharePin0 Shares In most European OECD countries, corporate income is taxed twice, once at the entity level and once at the shareholder level. Before shareholders pay taxes, the business first faces the corporate income tax. A business pays corporate income tax on its profits; thus, when the shareholder pays their layer of tax they are
Is Your Ebay Activity A Business Or A Hobby?
TweetShareSharePin0 SharesIs Your Ebay Activity A Business Or A Hobby? Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business. A hobby is an activity that you do simply because you love doing it, but it may also earn you