Treasury Department Archive

Over 1 Million Ineligible Families Received Child Tax Credit, Eligible Families Left Out

TweetShareSharePin0 Shares Over 1 million ineligible families received benefits from the expanded child tax credit, while thousands of eligible families got nothing. There has recent been a mounting effort, led by key Congressional Democrats, to extend President Biden’s enhanced child tax credit (CTC), which played a role in reducing child poverty nationwide. Per a recent report from the Census

16 Wall Street Banks Fined Over $1 Billion In Federal Probe

TweetShareSharePin0 Shares A federal probe by the United States Securities and Exchange Commission (SEC) has resulted in 16 Wall Street banks being fined over $1 billion. CNBC reported on the situation, noting that well-known companies like Bank of America, Barclays, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, and UBS, were all cited.  The outlet specifically

The Weekly (Tax)Buzz – September 28th, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – September 28th, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

To protect children’s right to education, governments must fight tax abuse

TweetShareSharePin0 Shares Every year millions of children are denied access to public education. Education is a child’s right, but government revenue budgets, especially in low income countries, are almost always insufficient to ensure all children have the opportunity to access publicly funded primary and secondary school. In preparation for the United Nations Transforming Education Summit last

States Can Help Reduce the Burdens of Harmful Fines and Fees. Here’s How.

TweetShareSharePin0 Shares Thanks to surging tax revenues and an unprecedented infusion of federal aid, many states cut taxes over the past two years by lowering individual income tax rates, expanding tax credits, or sending one-time checks to residents. But there is another way states can use these funds: help local governments reduce or eliminate some

Combined State and Federal Corporate Tax Rates in 2022

TweetShareSharePin0 Shares Corporations in the United States pay federal corporate income taxes levied at a 21 percent rate. Forty-four states and D.C. also levy taxes on corporate income, with top marginal rates ranging from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Fifteen of the states levy graduated corporate income tax rates,

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