federal taxes Archive

2022 Kentucky Budget Tax Proposal

TweetShareSharePin0 Shares Like many states, Kentucky is experiencing another year of robust budget surpluses while projecting several years of continued revenue growth, and policymakers are looking for ways to return some of the extra tax collections to taxpayers as they budget for the upcoming fiscal biennium. With regular legislative proceedings winding down, the House and

Tax Benefits of A “C” Corporation – Funding

TweetShareSharePin0 SharesTax Benefits of A “C” Corporation – Funding If you are going to form a corporation, you might be surprised to learn a “C” corporation comes with a lot of tax benefits. While this article isn’t intended to replace the advice of a good tax professional, it may serve to open your eyes to

Butler Britain: the Tax Justice Network podcast

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] or find us on your podcast app. With Russia’s brutal invasion of Ukraine, even the most hardcore ‘let the planet burn’ believers can no longer deny that fossil fuel dependency is a national

R&D Tax Incentives: European OECD Countries

TweetShareSharePin0 Shares Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offers R&D tax incentives. These generally take two forms, namely patent boxes—taxing income derived from intellectual property at a rate

Congress Enacts New Laws Making Iras Better Than Ever!

TweetShareSharePin0 SharesCongress Enacts New Laws Making Iras Better Than Ever! Have you heard of the “non-deductible” IRA? I’m not referring to the ROTH IRA, but a traditional IRA that many people are stuck with as their only option (for various reasons that make investing in other types of IRAs unavailable). In those cases, the IRS

Great Tips For Running A Great Home Business 2

TweetShareSharePin0 SharesGreat Tips For Running A Great Home Business Your home business, like you and your family, can be an important part of your life. Just like you, it needs room to grow and maintenance to keep going. You need to research and work hard to get clients and make profits. These tips below can

Windfall Profits Tax Wrong for American Energy

TweetShareSharePin0 Shares No policy idea is ever truly gone.  As oil prices have skyrocketed, Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna (D-CA) have introduced a bill targeted at oil company profits. While billed as a Windfall Profits Tax, the proposal is really an excise tax. The United States has implemented such a tax before,

Biden’s Budget On The Way, State Gas Tax Holidays Begin

TweetShareSharePin0 Shares Stay tuned… The White House plans to release President Biden’s fiscal year 2023 budget next Monday, March 28. TaxNotes reports (paywall) that the budget likely will propose another double-digit percentage increase for the IRS. Gas taxes go on holiday in two states. Maryland and Georgia have temporarily suspended their gas taxes. Maryland Gov. Larry Hogan

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