federal taxes Archive
Interest Grows in Combining Voter Registration With Tax Filing
June 3, 2021
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TweetShareSharePin0 Shares What if millions of state or federal income tax filers had the opportunity to register to vote or update their voter registration at the same time they filled out their tax returns? For years, I’ve studied the potential effect of letting people register when they file their income tax returns – and recently
European Countries with a Carbon Tax, 2021
June 3, 2021
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Carbon taxes can be levied on different types of greenhouse gases, such as carbon dioxide, methane, nitrous oxide, and fluorinated gases.
What to Look for in Online Tax Prep and Filing Software
June 3, 2021
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TweetShareSharePin0 Shares What to Look for in Online Tax Prep and Filing Software Source: Flickr You may have a less taxing time this April if you let computer software do much of the hard work filing with the IRS. You won’t be alone. According to IRS data, more than 68 million tax returns were filed
Alternative Minimum Tax – Online Tool
June 2, 2021
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TweetShareSharePin0 Shares Alternative Minimum Tax – Online Tool Source: Flickr Hell hath no fury like a person who just found out the alternative minimum tax applies to them. The IRS has set up an online tool to figure out if you do. Alternative Minimum Tax The alternative minimum tax is a procedure that was set
State Pension Funding: State Pension Plan Finances
June 2, 2021
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TweetShareSharePin0 Shares Although most states are on solid financial footing following the coronavirus crisis, pension liabilities are a deep-seated problem that long predates the pandemic. The most recent data from Truth in Accounting (which analyzes government accounting data from every state) shows the strain on state retirement systems in 2019 as pension funds strive to keep pace
The Deficit Is Likely To Be Bigger Than Biden Projects, But Not Because Of A Rosy Economic Forecast
June 2, 2021
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TweetShareSharePin0 Shares Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former
We want your feedback on our Financial Secrecy Index
June 2, 2021
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TweetShareSharePin0 Shares In February last year, we published the 2021 edition of our Financial Secrecy Index, a global ranking of countries most complicit in helping individuals hide their finances from the rule of law. The index grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a
We want your feedback on our Financial Secrecy Index
June 2, 2021
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TweetShareSharePin0 Shares In February last year, we published the 2021 edition of our Financial Secrecy Index, a global ranking of countries most complicit in helping individuals hide their finances from the rule of law. The index grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a
Are State Tax-Credit Scholarships The Best Way to Support School Choice?
June 2, 2021
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TweetShareSharePin0 Shares Our kids finish their school year in two weeks. And after a year of instruction that was either remote, in-person, or a mix of both, they look forward to summer vacation and then to September, when public school will feel more “normal.” But they may have fewer classmates. Here in Michigan, public school
Use Child Tax Credit for Tax Savings
June 2, 2021
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TweetShareSharePin0 Shares Use Child Tax Credit for Tax Savings Source: Flickr Now, here’s a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers
