tax Archive

TweetShareSharePin0 Shares We welcome back guest blogger and commenter in chief, Bob Kamman.  As usual, Bob has found things that the rest of us overlook.  In addition to the interesting twists on the way things work that Bob discusses below, I received a message from Carl Smith who, though retired, still takes some interest in

TweetShareSharePin0 Shares ISO: Funds to pay for infrastructure. Democrats and Republicans have been at loggerheads for weeks over how to pay for Biden’s big infrastructure bill, or some version of it. Democrats want to raise corporate taxes. Republicans say they want to raise unspecified user fees. Now a bipartisan group of eight senators is floating

TweetShareSharePin0 Shares The American Rescue Plan exempted $10,200 of unemployment benefits from taxation. Learn more… Source link TweetShareSharePin0 Shares

TweetShareSharePin0 Shares Thirteen states tax Social Security benefits, a matter of significant interest to retirees. Each of these states has its own approach to determining what share of benefits is subject to tax, though these provisions can be grouped together into a few broad categories. Today’s map illustrates these approaches. Thirty-seven states and D.C. either

TweetShareSharePin0 Shares Tax bills almost always force Congress to think about how to define income, but President Biden’s campaign promise to never raise taxes for those making $400,000 or less puts the question front-and-center. If you are not a tax geek, you might be surprised to know there are many definitions of income. Some  are

TweetShareSharePin0 Shares Key Findings There are two layers of tax on investment income. First, corporations pay the corporate income tax on their profits. Second, shareholders pay an income tax on the dividends they receive (dividends tax) and capital gains they realize (capital gains tax). On average, in the OECD, long-term capital gains from the sale

TweetShareSharePin0 Shares The importance of research and development (R&D) spending by the pharmaceutical industry and its resulting innovations is clearer than ever as millions of people are getting vaccinated against COVID-19. In a new report, the Congressional Budget Office (CBO) analyzes federal policies that influence R&D spending in the pharmaceutical industry. The report highlights how