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federal taxes Archive

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

Do You Know How Income Taxes Are Calculated?

TweetShareSharePin0 SharesDo You Know How Income Taxes Are Calculated? This is the first of a series of 2007 Tax reference sheets that I’ll be sharing with you over the next month or so. This one focuses on some of the major federal income tax key numbers. I’ll do future ones for estate planning, retirement planning

DC Income Tax Hike Helps Maryland and Virginia, Not DC

TweetShareSharePin0 Shares The District of Columbia weathered the pandemic with stable tax collections, down less than 1 percent in FY 2020 while recovering above pre-pandemic levels in FY 2021. Yet, even as lawmakers in eleven states have cut income taxes this year, the D.C. Council has responded to surpluses and growth by voting to include

Sports Owners Deductions & Amortization

TweetShareSharePin0 Shares Over the past few weeks the media has reported on how wealthy taxpayers who own sports teams lower their tax liability by deducting the cost of purchasing a sports team over 15 years. Contrary to claims that deducting the cost of a sports team from taxable income is a “loophole,” such deductions are

Still Talking, A Warning, And A Target

TweetShareSharePin0 Shares One stop short of an infrastructure deal? That bipartisan group of senators still hopes to have an agreement as soon as today, but differences remain. GOP Sen. Rob Portman says one hang-up has been how much to spend on mass transit—Democrats want to spend more and Republicans want to spend less. Negotiators still

Tax Complexity for Multinationals is Growing: Survey

TweetShareSharePin0 Shares Initial data from a global survey on tax complexity shows that the overall level of tax complexity for multinational businesses has substantially increased between 2018 and 2020—much like it did between 2016 and 2018. These are the initial results from the third edition of the Tax Complexity Index—a project carried out jointly by

Blog Traffic Strategies That Work

TweetShareSharePin0 SharesBlog Traffic Strategies That Work You know all about search engine optimization as a blog traffic generation strategy, but is there anything else you can do to bring readers and potential customers your way. One of the most used blog traffic generation strategies is the PPP, or pay-per-performance method, which requires that you pay

Gas: Where Does the Money Go?

TweetShareSharePin0 SharesGas: Where Does the Money Go? With extremely high gas prices straining consumers’ pockets in recent months, it is only natural for people to wonder where all the money they pay at the pump goes. Contrary to popular belief, the price of gas is not solely reliant on the price of crude oil. There

Expensive Health Insurance? Ways To Cut The Cost.

TweetShareSharePin0 SharesExpensive Health Insurance? Ways To Cut The Cost. You may have noticed an increase in your health insurance premium recently. Here we examine some of the possible reasons for this and look into ways of combating them. According to the market-research group Datamonitor, medical inflation is the reason for yearly increases of 8% in
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