federal taxes Archive

TweetShareSharePin0 Shares A leader in Bullitt County, one of Kentucky’s top bourbon producers, wants the state to keep its controversial bourbon tax, which the distillery industry is pushing to axe. A report out of Louisville shared details about comments made by Jerry Summers, Bullitt County judge-elect: “I firmly believe this would be an undue burden

TweetShareSharePin0 Shares Idaho Governor Brad Little (R) has called a special session for September 1, 2022, to consider another round of tax reform and relief legislation that would return surplus revenue to taxpayers while making the state’s tax code more economically competitive. House Bill 1 would move Idaho to a flat income tax structure, reduce the

TweetShareSharePin0 Shares A few weeks ago, I had the privilege of testifying before members of the New Mexico legislature regarding policies that could generate greater economic growth and promote more stable revenue streams for the state. That afternoon, I heard a particular comment raised more than once: there are many factors that influence why a

TweetShareSharePin0 Shares The Internal Revenue Service (IRS) is seeking a $2.1 million payment from a grandmother who accidentally failed to file specific paperwork.  Boston-based Monica Toth, 82, is facing the seizure of a multi-million dollar endowment — left to her by her father who fled Nazi Germany and later became a successful U.S. businessman — because she

TweetShareSharePin0 Shares Washington DC Attorney General Karl Racine has sued tech billionaire Michael Saylor, alleging $25 million in tax evasion. The lawsuit, officially filed in DC Superior Court on August 22, names both Saylor and his company, MicroStrategy, as defendants. Racine and his office allege that the company, which Saylor co-founded, conspired to help the billionaire businessman in

TweetShareSharePin0 Shares Businesses in a trendy San Francisco neighborhood are threatening a tax strike if homeless people are not removed from the area. The Castro Merchants Association, which describes itself as “a nonprofit association of businesses – large and small – that make the San Francisco’s iconic Castro district one of the world’s top destinations for

TweetShareSharePin0 Shares Gov. Mike Parson (R) has called the Missouri legislature into a special session beginning September 6th, with the goal of reducing the individual income tax from 5.4 percent to 4.8 percent and raising the standard deduction. An income tax reduction is a competitive move, especially in a rapidly changing tax landscape, but the