federal taxes Archive
The Fair Tax Revolution
July 10, 2021
No Comments
TweetShareSharePin0 SharesThe Fair Tax Revolution Few people would expect a book about taxes to take The New York Times bestseller list by storm, but that’s exactly what The Fair Tax Book has done. For decades, Americans from every point on the political spectrum have moaned about April 15th and the maze of ridiculous instructions and
The History of Income Tax
July 9, 2021
No Comments
TweetShareSharePin0 SharesThe History of Income Tax They say death and taxes are the only two certain things in life. Alas, this wasn’t always the case. Well, at least for the income tax. The History of Income Taxes Our great nation came into existence in fits and starts. Following the revolt against the British, a federal
Why Sales Tax Holidays Are A Headache for Tax Administrators, Shoppers, And Retailers
July 9, 2021
No Comments
TweetShareSharePin0 Shares Whether to celebrate July 4, remind people to stock up on emergency supplies, or entice back-to-school shoppers, sales tax holidays are perennially popular. Yet they often fail at their main objective – making products more affordable – and they can turn sales tax administration into a time-consuming mess. This post will focus on
The Complete Lowdown On Savings Bonds.
July 9, 2021
No Comments
TweetShareSharePin0 SharesThe Complete Lowdown On Savings Bonds. With a financial plan in place you can start to invest in your child’s future! These days, saving for your child’s education is harder than ever. The price of an education has sky rocketed over the past two decades. So what are your options when considering how to
Taxes – And Your Online Business
July 8, 2021
No Comments
TweetShareSharePin0 SharesTaxes – And Your Online Business (Do I Have To Pay Taxes?) Perhaps the most common misconceptions about taxes and your online business is that the two are not related to each other. Most people think that online businesses are not really taxed that’s why more and more people are becoming attracted to start
Global Foreign Direct Investment | UN World Investment Report
July 8, 2021
No Comments
TweetShareSharePin0 Shares The United Nations (UN) recently released its annual “World Investment Report,” which shows the dramatic fall in global foreign direct investment (FDI) caused by the COVID-19 crisis. A partial recovery is expected for 2021, with the most optimistic scenario showing a return to 2019 FDI levels by 2022. However, uncertainty remains high, with
Sports Betting Tax Treatment: Sports Betting Operators
July 8, 2021
No Comments
TweetShareSharePin0 Shares Since 2018, 30 states and the District and Columbia have legalized and imposed taxes on sports betting. States that have yet to legalize, but which may do so, should pay attention to the impact of tax design in states that already have legal and taxed sports betting—specifically tax base design. Despite the attention
3 Tax Lessons Learned From The Pandemic
July 8, 2021
No Comments
TweetShareSharePin0 SharesThere are so many tax lessons to be learned due to the viral pandemic that it’s rather hard to narrow the list down to the top three. However, we’ll give our best attempt in this article. Before getting to the list though let’s send out a huge thank you to all the tax professionals
Biden Businesses Tax Collections Would Be Highest in 40-Plus Years
July 8, 2021
No Comments
TweetShareSharePin0 Shares President Biden’s tax proposals released as part of his fiscal year 2022 budget would collect about $2 trillion in new tax revenue from businesses over 10 years. This new revenue would bring income tax collections on businesses as a portion of GDP to its highest level on a sustained basis in over 40
State and Local Sales Tax Rates, Midyear 2021
July 8, 2021
No Comments
TweetShareSharePin0 Shares Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547 percent),
