federal taxes Archive
Wisconsin Budget Surplus Presents Opportunity for Future Growth
June 9, 2021
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TweetShareSharePin0 Shares As Wisconsin legislators work to finalize the state budget for the fiscal year (FY) 2022-23 biennium that begins July 1, the Wisconsin Legislative Fiscal Bureau (LFB) on Tuesday reported the state has substantially more revenue to work with than was anticipated when the LFB issued revenue projections earlier this year. Specifically, the LFB’s
Federal Refunds
June 9, 2021
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TweetShareSharePin0 SharesFederal Refunds A Federal refund is one you may be entitled to for many reasons. The most common one that everybody tends to think about is for their income tax. The rules continue to change as to what you will be eligible for. Some people end up getting a few hundred dollars back. Others
Vaccine Lottery: Taxes on Lottery Winnings
June 9, 2021
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TweetShareSharePin0 Shares Krispy Kreme may have started the vaccine incentive ball rolling, but many states are putting big money into the effort with vaccine lotteries. Unlike a normal lottery, no one is paying for tickets—but the tax collector still gets paid when someone wins. With lots of restricted spending COVID-19 relief funds and a substantial
Biden Would Raise Taxes Substantially for High Income Households and Corporations, Cut Taxes for Families with Children, According to A New TPC Analysis
June 9, 2021
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TweetShareSharePin0 Shares Nearly all of President Biden’s proposed tax increases would be borne by the highest income 1 percent of households–those making about $800,000 or more—according to a new analysis by the Tax Policy Center. At the same time, Biden would cut taxes for many low- and moderate-income households and reduce them substantially for those
Infrastructure Talks End, Tax Returns of the Richest 25 Americans Shared
June 9, 2021
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TweetShareSharePin0 Shares Infrastructure talks between Biden and the GOP are done. On to Plan B. Ongoing talks between President Biden and a small group of Republican senators have ended with no agreement. The two sides never got closure on either the amount of spending or how to pay for it. Biden will now sit down
What Are The Taxes On Earnings?
June 9, 2021
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TweetShareSharePin0 SharesWhat Are The Taxes On Earnings? Almost all governments across the globe are funded– in some form – by the taxation of its citizens. Certain of the taxes are collected at the time of sales or service whereas certain others in a 12 month period or at the end of what they call a
The Weekly (Tax)Buzz – June 9, 2021
June 9, 2021
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TweetShareSharePin0 Shares 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 our favorite bloggers, US tax proposals, tax
US IRS Flags Deadline For Q2 Estimated Tax Payments
June 9, 2021
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TweetShareSharePin0 Shares by Mike Godfrey, Tax-News.com, Washington 09 June 2021 The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.
Estimated tax is the method
Taxing Consumption Progressively Is a Better Way to Tax the Wealthy
June 8, 2021
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TweetShareSharePin0 Shares A new report from ProPublica argues that wealthy taxpayers face low effective tax rates as a portion of their wealth and mentions taxing unrealized capital gains or imposing a wealth tax. However, a better approach to raising the tax burden on the wealthy would be to pursue progressive consumption taxes as they have
File Your Own Taxes-Start With Organizing
June 8, 2021
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TweetShareSharePin0 SharesFile Your Own Taxes-Start With Organizing If you want to file your own taxes this year to save some money rather than paying a professional to do it you need to know some things first. You can’t file until you have everything in order. This includes waiting until the end of January for the
