Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income t...
Tag: Tax
Terra LUNA Classic community reduces tax burn to 0.2%
Terra Classic community approved proposal 5234, which reduces 1.2% tax burn to 0.2% and reserves another 10% tax revenue for the ecosystem infrastructure and contributors. According to a LUNC develope...
Binance Reduces Terra Classic (LUNC) Tax Burn From 1.2% To 0.2%
– Advertisement – Binance Declares Support for Terra Proposal to reduce LUNC and USTC Tax Burn Parameters. The exchange has continued to foster its support for the Terra Classic project. U...
Data Shows How Badly Terra Classic Volume Affected After 1.2% Burn Tax Implemented
– Advertisement – Analysis of Terra Classic Data Sheds Deeper Insight on Effects of 1.2% Burn Tax on LUNC Volume. A LUNC proponent and software developer has shared deeper insight on the e...
Here Is the New Standard Deduction and Federal Income Tax Brackets For 2023
The IRS has announced inflation adjustments to the standard deduction and other tax provisions for the 2023 tax year. The standard deduction for married couples filing jointly for tax year 2023 will r...
Here are the federal income tax rates and brackets for 2023
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks. Additi...
How to Legally Avoid Capital Gains Tax on Mutual Funds
how to avoid capital gains tax on mutual funds In the long run, if you sell an investment asset for a profit you will owe capital gains taxes. But for active investors, it’s important to understand th...
Top Tax Free Crypto Friendly Countries
Top Tax Free Crypto Friendly CountriesOctober 18, 2022Here’s the list of Tax Free Crypto CountriesSingapore follows a territorial tax regime under which only income earned in Singapore is taxable.Sing...
Terra Classic (LUNC) Community Passes New Proposal Decreasing Burn Tax From 1.2% To 0.2%
– Advertisement – The Terra Classic community passes proposal 5234 in hopes of bringing back on-chain volume and incentivizing development. The Terra Classic community passed proposal 52...
U.K. Retail Dismayed As Tax Free Shopping Scrapped After Just Three Weeks
Luxury visitor hot spots such as New Bond Street will be hit by a huge U-turn by the U.K. … [+] Government. (AP Photo/Alberto Pezzali) Copyright 2022 The Associated Press. All rights reserved Th...
British Pound Rebounds As UK Government U-Turns On Tax Cuts
Key Takeaways New British Chancellor Jeremy Hunt has wound back almost all of the wide ranging tax cuts that were announced by new Prime Minister Liz Truss on 23rd September The British Pound and UK b...
Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments – Taxes Bitcoin News
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to...
Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments – Coinotizia
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to...
Professor Behind 1.2% LUNC Tax Burn Shares His New Plan
Edward Kim, a lead developer at Terra Rebels and Drexel University associate professor, proposes the Terra Classic Grants Program to attract new utility to Terra Classic (LUNC) chain. The program will...
Cost Basis in Crypto Tax Payment (Hard Calculations and Simple Ways to Save)
Receiving a tax audit request is common if you have not correctly reported your income and hindsight comes about the importance of COST BASIS in crypto tax payment. While audit requests can vary in co...
Hunt Warns UK Faces Tax Rises in Clear Sign Trussonomics Is Over
(Bloomberg) — Most Read from Bloomberg Chancellor of the Exchequer Jeremy Hunt said the UK faces tough choices on tax and spending, as he seeks to calm financial markets with a marked change of ...
What You Need to Know About Capital Gains Tax Rates
Investing is all about making your money work for you — getting money without having to actually perform labor. But what some investors may initially neglect to take into account is the fact that inv...
Should Terra Classic (LUNC) 1.2% Tax Burn Be Reduced? Here’s What Community Think
The Proposal 5234 has been in discussion these days in the Terra Classic community after Binance CEO “CZ” recommends lesser fees to increase Terra Classic (LUNC) burn rate. The community member Akujir...
Beneficiaries of Inherited Retirement Accounts Dodge a Tax Bullet
New legislation related to taxes can come with plenty of ambiguities and complexities, but the IRS often irons them out in the regulations it proposes. Al Drago/Bloomberg Sometimes these efforts fail...
OECD Calls For Greater Tax Transparency On Crypto Assets ⋆ ZyCrypto
Advertisement     In April 2021, the G20 requested the Organisation for Economic Co-operation and Development (OECD) to design a Crypto-Asset Reporting Framework (CARF...
Rare Massachusetts Tax Refund Raises Interesting Question About Surplus Revenue
George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax reve...
Portugal’s new tax policy suggests a 28% short-term capital gains tax on crypto profits
Join Our Telegram channel to stay up to date on breaking news coverage Portugal is set to impose taxes on cryptocurrency investors. These taxes will be introduced through new rules highlighted in its ...
Portugal Proposes 28% Crypto Tax – Earn Decentralized Passive Income With Oryen Network
Portugal has long been considered crypto-friendly, but these credentials are under threat thanks to a newly proposed crypto tax of 28%. Before that, the country was one of a few that offered extremely...
Portugal Crypto Tax Proposal Breakdown and How Uniglo Can Help
The days of Portugal being a crypto tax haven appear to be numbered as this week the Portuguese government announced a whopping 28% tax on capital gains. Portugal to introduce crypto tax The new tax w...
OECD Issues Framework to Tackle International Tax Evasion Using Crypto-Assets – crypto.news
The Organization for Economic Cooperation and Development (OECD) has issued a global tax reporting framework for cryptocurrencies that will assist tax authorities in keeping track of cross-border tran...
Portugal Proposes a 28% Crypto Tax In the 2023 National Budget – crypto.news
Portuguese authorities are proposing a 28% crypto tax in their 2023 budget. The new policy may become effective in next year’s national budget. Will Portugal’s 28% Tax Apply To All Digital Assets? As ...
Portugal’s new budget draft includes crypto income tax
The government of Portugal proposed a 28% income tax on cryptocurrencies in its 2023 budget draft, released on Monday. The tax would apply only to cryptocurrencies owned for less than a year, with gai...