federal taxes Archive

TweetShareSharePin0 Shares A Missouri woman has been sentenced to federal prison without parole for conducting a scheme to embezzle funds from her employer while evading taxes. According to Springfield, MO news outlet KY3, Carrie Leigh Long, 52, will serve three years and five months in federal prison without the possibility of parole. Judge Stephen R.. Bough

TweetShareSharePin0 Shares Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats and even many Republicans. But how these benefits are delivered to businesses, through direct subsidies or tax policy, matters a lot. This new-found enthusiasm for industrial policy—the idea

TweetShareSharePin0 Shares Property taxes are the primary tool for financing local government and generating state-level revenue in some states as well. In fiscal year 2020, property taxes comprised 32.2 percent of total state and local tax collections in the United States, more than any other source of tax revenue. Local governments rely heavily on property taxes to fund schools, roads, police departments, fire and

TweetShareSharePin0 Shares King Charles III is facing backlash as it has emerged that he will not pay taxes on the $430 million fortune he inherited from his late mother, Queen Elizabeth II. The Queen — who celebrated her Platinum Jubilee this year — passed away on September 8, 2022 at age 96. Her son, Charles, immediately

TweetShareSharePin0 Shares A recent petition for the criminal tax trial against the Trump Organization has been denied on the heels of former Trump CFO Allen Weisselberg turning state’s witness against his ex-employer. Reuters reported on the ongoing situation, sharing details about yesterday’s ruling in New York City, noting that the judge believes that the company

TweetShareSharePin0 Shares Key Findings Massachusetts’ tax advantage in New England is primarily driven by its competitive individual income tax rate and its sales and use tax structure. The graduated income tax amendment would be paid by many small businesses, in addition to wealthy individuals. The proposed surtax is likely to have negative economic effects that

TweetShareSharePin0 Shares With record inflation now squeezing American household budgets, you can thank our Senior Fellow Emeritus Steve Entin for shielding U.S. workers from being pushed into higher tax brackets. If ever there was a paycheck protection program, defending people from bracket creep may be the most important one ever designed. It all started some