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The Two Biggest Thieves In Regards To Wealth Building

TweetShareSharePin0 SharesThe Two Biggest Thieves In Regards To Wealth Building The two biggest wealth thieves a person will encounter are tax deductions and lawsuits. Taxes work against you by chipping away at your wealth. These include federal income taxes (deducting up to 39% of your income), state taxes (deducting up to 9.6%), and self employment

Infrastructure Investment Revenue Options | Tax Foundation

TweetShareSharePin0 Shares Policymakers broadly agree that investments by the federal government in highways, mass transit, and other modes of transportation are crucial to facilitate the nation’s economic activity, but they can’t seem to agree on how to fund such investments. The current debate is over corporate income taxes, and therein lies the problem. The standard

State Gas Tax Rates | State Gas Tax Rankings, July 2021

TweetShareSharePin11 Shares This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes

Lobbyists Push and Pull on Proposed Tax Increases

TweetShareSharePin0 Shares Big Pharma: Don’t raise taxes on makers of COVID-19 vaccines. Pharmaceutical companies are telling Congress that the global minimum corporate tax could raise their taxes by hundreds of millions of dollars every year. They say the financial hit is unfair, given how fast they developed and produced vaccines against COVID-19. Will the message

Reducing the Tax Gap and Simplifying the Tax Code

TweetShareSharePin0 Shares Key Findings The tax gap is the gap between what taxpayers owe the U.S. government, and what the government actually collects from taxpayers. Tax compliance efforts ensure that tax law applies evenly to all taxpayers. At the same time, we would like to avoid placing undue compliance burdens on taxpayers. Reducing the tax

Coverdell Education Savings Account

TweetShareSharePin0 SharesCoverdell Education Savings Account As an alternative to student loans or regular education plans, the Federal Government offers Coverdell Education Savings Account. This is actually an incentive for parents and students so that they can save a portion of their earnings or income in order to finance education expenses. Why Get a Coverdell Education

FCC’s Proposed Change Could Raise Phone Taxes

TweetShareSharePin0 SharesFCC’s Proposed Change Could Raise Phone Taxes Americans are speaking out against a proposal by the Federal Communications Commission (FCC) that could raise millions of people’s phone bills. The proposal by FCC Chairman Kevin Martin has to do with a tax called the Universal Service Fund (USF). The USF tax was established to help

Tax revenues in Asia and the Pacific hit by pre-COVID economic slowdown

TweetShareSharePin0 Shares The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries. The report, covering 24 tax jurisdictions, provides tax revenue data from 1990 to 2019 and includes a section on nontax revenue data for selected Asian and Pacific economies. Additionally, a special feature co-authored

Lawmakers Still Feuding Over… Lawmaking.

TweetShareSharePin0 Shares Darkness before…what?  Bipartisan negotiators had hoped to have an agreement by yesterday on a big infrastructure bill. Instead, public feuding continued over how to fund the measure and how to spend the money. Making matters worse, former president Trump has weighed in, urging Hill Republicans to walk away from talks until 2022. Majority
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