tax Archive
Arizona Legislators Consider Lower, Flatter Income Tax
May 27, 2021
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TweetShareSharePin0 Shares Arizona legislators are considering tax changes as part of the fiscal year 2022 budget process that is underway. Companion omnibus taxation bills HB 2900 and SB 1828 would reduce individual income tax rates for all taxpayers, consolidate the state’s graduated-rate income tax brackets into what would effectively be a two-rate structure by 2023,
Five Tax Questions to Ask When Looking at President Biden’s Budget
May 27, 2021
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TweetShareSharePin0 Shares President Biden on Friday is set to unveil his first full budget along with Treasury’s Green Book, which will provide the first detailed look at key revenue proposals in the American Jobs Plan and American Families Plan. We already know that Biden aims to raise the top individual income tax rate from 37
The Real American Dream – in Scandinavia: the Tax Justice Network podcast, May 2021
May 27, 2021
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TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. In this episode: Taxcast host Naomi Fowler talks to millionaire and wealth tax campaigner Djaffar Shalchi of Millionaires for Humanity about his experience of moving from
The Real American Dream – in Scandinavia: the Tax Justice Network podcast, May 2021
May 27, 2021
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TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. In this episode: Taxcast host Naomi Fowler talks to millionaire and wealth tax campaigner Djaffar Shalchi of Millionaires for Humanity about his experience of moving from
Draft employer’s payroll tax return incorporates ARPA changes
May 27, 2021
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TweetShareSharePin0 Shares The IRS on Tuesday released a draft revised 2021 version of Form 941, Employer’s Quarterly Federal Tax Return, reflecting further new and updated payroll tax credits. The current official version was released less than three months earlier on March 9, and the impending further changes reflect Congress’s multiple provisions of temporary payroll tax
Biden’s Tax On Large Capital Gains At Death Will Catch A Few With Annual Incomes Of Less than $400,000
May 27, 2021
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TweetShareSharePin0 Shares President Biden’s campaign promise never to raise taxes on those making $400,000 or less annually will inevitably conflict with his proposal to tax unrealized capital gains at death. We estimate Biden’s new capital gains tax could exempt about 98 percent of decedents who made $400,000 or less, but about 2 percent may face
Things That Make You Say Hmmm
May 27, 2021
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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
Donor Disclosures, Income Measures, and Tax Prep
May 27, 2021
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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
Tax Relief for Families in Europe, 2021
May 27, 2021
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TweetShareSharePin0 Shares Most countries provide tax relief to families with children—typically through targeted tax breaks that lower income taxes. While all European OECD countries provide tax relief for families, its extent varies substantially across countries. One way to measure targeted tax relief for families is to compare the tax burdens on labor of a family
Tax Justice Network Portuguese podcast #25: Plano Biden reacende debate de um imposto global
May 27, 2021
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TweetShareSharePin0 Shares Welcome to our monthly podcast in Portuguese, É da sua conta (it’s your business) produced by Grazielle David, Daniela Stefano and Luciano Máximo. All our podcasts are unique productions in five different languages – English, Spanish, Arabic, French, Portuguese. They’re all available here. Plano Biden reacende debate de um imposto global #25 O governo Joe Biden planeja o imposto mínimo global
