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federal taxes Archive

‘Power concedes nothing without a demand:’ the OECD, the G77 and a UN framework convention on tax proposal

TweetShareSharePin0 Shares With the OECD tax reforms having lost most of their original ambition, and the remaining benefits captured almost entirely by a few larger OECD members, attention is switching to the search for alternatives. In October, the G77 – by far the largest of all the ‘G’ country groups – once again tabled at

Home Business Tips You Shouldn’t Miss Out On

TweetShareSharePin0 SharesHome Business Tips You Shouldn’t Miss Out On Running your own home business is an exciting way to provide income for your family, while maintaining a greater level of control than what is available at a traditional workplace. You can start your own business and be successful, if you plan carefully and make certain

Advantages Of Whole Life Insurance

TweetShareSharePin0 SharesAdvantages Of Whole Life Insurance Whole life insurance also known as “permanent” or “straight” life insurance is one of the most applied forms of insurance. This life insurance policy covers one’s entire life. This is much in demand because of its ability to provide financial protection and accrue cash value and pay dividends to

Florida Gas Tax: DeSantis Gas Tax Relief Proposal

TweetShareSharePin0 Shares Florida Governor Ron DeSantis (R) knows how to make a splash, and his proposal to suspend the state’s gas tax—temporarily, but without a specific end date—will only burnish that reputation. Citing rising prices at the pump and the state’s substantial revenue surplus, the governor is calling upon the legislature to take the state’s

Bonus Depreciation Helps Disadvantaged Workers, Study Finds

TweetShareSharePin0 Shares One concern that some lawmakers and academics share is whether policies that incentivize investments in capital, such as full expensing or bonus depreciation, may hurt workers by encouraging firms to automate. A new paper casts doubt on that concern and finds the opposite—low-skilled workers are most helped by policies that encourage capital investments

Ohio Gross Receipts Tax Repeal

TweetShareSharePin0 Shares Coming out of the pandemic, the state of Ohio is estimating significant tax revenue growth, and a group of Ohio lawmakers is looking to take advantage and repeal the Commercial Activity Tax (CAT). Ohio’s CAT, implemented in 2005 as part of tax reform that lowered and consolidated business taxes, is one of only

Sustainable Mississippi Income Tax Reduction

TweetShareSharePin0 Shares Thanks to increased tax revenues from higher consumer spending, sustained economic growth, and both the primary and secondary effects of federal COVID-19 relief programs, many states are flush with cash, and a significant number have used at least some of their surplus to provide tax relief. Many Mississippi lawmakers would like to join

Flipping Houses: Make $30,000 a Month Flipping Real Estate

TweetShareSharePin0 SharesFlipping Houses: Make $30,000 a Month Flipping Real Estate Okay, you know the drill: purchase a house below the current market rate, make some repairs and improvements to it, and then turn around and sell [flip] the house to generate big profits. While the concept of flipping houses is nice, the reality is that

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