ORCHARD PARK, NEW YORK – OCTOBER 31: Jordan Poyer #21 of the Buffalo Bills celebrates after making … [+] an interception in the fourth quarter against the Miami Dolphins at Highmark Stadiu...
Tag: Tax
Here Are Major Companies Taking Advantage Of Biden’s Green Tax Initiatives—And Creating More Than 65,000 Jobs
Topline Last week, Volkswagen-owned Audi said it is considering building a factory in the U.S., following in the footsteps of other car, battery, solar panel and computer chip manufacturers taking adv...
NFT designer arrested for allegedly evading crypto tax in Israel
A prominent designer based in Tel Aviv was arrested on Sunday by Israeli authorities for allegedly failing to disclose cryptocurrency earnings in tax reports, according to the Jerusalem Post. Ben Benh...
Healthcare Investments Are Slowing Down
The global economy is currently at a turbulent intersection, one that even the most celebrated economic pundits and fiscal savants cannot seem to accurately navigate. While some say that the economy i...
Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.
When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
2023 Tax Changes You Need to Know About Now
SmartAsset: Morningstar checklist for tax filers in 2023 Tax season is well underway once again. For those who got an early jump and already filed their 2022 taxes, it’s never too soon to start thinki...
Rate-Cutting, Flattening Tax Reform Rolls On In Ohio, Wisconsin, Iowa, Kansas And Beyond
Ohio Statehouse in Columbus. getty Legislators in eight blue states kicked off the year introducing a coordinated package of tax hikes targeting upper income households. While that effort attracted co...
How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment
More than $160 billion in tax revenue is lost every year because the top 1% finds ways to avoid paying “their fair share,” according to academic research cited by the Treasury Department. What tactics...
Is there a federal inheritance tax? How much inherited money is taxed state-by-state.
If you’re lucky enough to have inherited some assets from someone who has passed away, you might not feel so lucky when you discover you may owe taxes on them. Depending on where the person who passed...
Bernie Sanders Proposes Tax On Robots That Take Jobs Away From Workers
U.S. Sen. Bernie Sanders (I-VT) speaks to members of the press outside the West Wing of the White … [+] House on January 25, 2023 in Washington, DC. (Photo by Alex Wong/Getty Images) Getty Image...
7 tax tips for seniors to make the most of your deductions
Tax filing season just opened for 2022 returns, and the IRS is already warning that average refunds may be lower since most pandemic economic relief measures are finished. That means careful tax plann...
Billionaire J.B. Pritzker Benefited From Tax Breaks, But He Doesn’t Think The Chicago Bears Should
Today, 11 members of the family are individually rich enough to be on Forbes’ billionaires list, including Illinois governor J.B. Pritzker. SAUL LOEB/AFP via Getty Images The Chicago Bears took one st...
CoinTracker Announces Multichain Expansion of Its Crypto Tax Solution With Support of Arbitrum, Optimism, and Cosmos
SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its multichain expansion to provide support for Arbitrum, Optim...
Gretchen Whitmer’s Middle Class Tax Hike Doesn’t Get As Much Coverage As Blue State Wealth Tax Bills, But Is More Likely To Become Law
Michigan Gov. Gretchen Whitmer delivers her State of the State address to a joint session of the … [+] House and Senate, Wednesday, Jan. 25, 2023, at the state Capitol in Lansing, Mich. (AP Phot...
IRS singles out tax payments 4 states sent last year as taxable
Most residents in states that distributed some kind of stimulus payments or tax rebates last year don’t have to report them on their federal returns. But some residents in four states do — largely bec...
Steve Forbes Warns Of “Mischief” Brewing In Key Biden Tax Scheme
Congress last year imposed a 1% tax on stock buybacks. If Apple purchases $1 billion of its stock, it will owe Uncle Sam $10 million. In his interminable State of the Union address, Joe Biden proposed...
The United Kingdom Tax Reform Council Launches Campaign Against Bank of England
The United Kingdom Tax Reform Council has begun a campaign in opposition to the idea of the Bank of England to develop a digital currency that is controlled by the central bank (CBDC). The charitable ...
More than half of states are considering personal income tax cuts this year—see how it could benefit you
State governments are still flush with cash from federal COVID-19 aid dollars and increased revenues. And more than half are considering using those budget surpluses to institute or accelerate tax cut...
Here’s the average tax refund through Feb. 3, according to the IRS
Bill Oxford | E+ | Getty Images Tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported. The average refund amount was $1,96...
Will you regret that Roth conversion when you get a huge tax bill?
If you took advantage of the down market in 2022 to convert some of your IRA to a Roth, you’re about to get a reality check of how much that will cost you when you file your tax return. Tax-saving str...
Indian Tax Officials Raid BBC Offices After Critical Modi Documentary—Prompting Concerns For Press Freedom
Topline Officials from India’s Income Tax department raided BBC’s New Delhi and Mumbai offices on Tuesday to examine alleged “irregularities,” just weeks after the British public broadcaster aired a d...
Here are the new 2023 tax brackets — and how to determine yours
Americans could save on taxes this year because of historically large inflation adjustments set by the IRS. The agency adjusted many of its 2023 tax rules to help taxpayers avoid “bracket creep....
Mulberry Slams “Unviable” London, Blames Tax For Bond Street Closure
Britsh brand Mulberry has announced that it is to vacate its Bond Street store. (Photo by David M. … [+] Benett/Dave Benett/Getty Images for Mulberry) Dave Benett/Getty Images for Mulberry U.K. ...
Brazil’s largest public bank Banco do Brasil enables tax payments using crypto
Banco do Brasil is the largest bank in Brazil by asset value. That bank has announced that it has enabled Tax Payments to be made with crypto. The crypto tax payment service will however operate via B...
Bank of Brazil Now Allows Citizens to Pay Tax in…
Brazil’s oldest bank, Banco do Brazil, or Bank of Brazil will now allow citizens to pay their tax bills using cryptocurrencies. The Bank is making this initiative possible in collaboration with Brazil...
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says – Taxes Bitcoin News
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo...
The Oldest Brazilian Bank Embraces Crypto Tax Payments
Banco do Brasil, the oldest bank in Brazil, has announced a major step forward in the world of digital assets. The bank has partnered with Brazil-based crypto exchange Bitfy to allow residents to pay ...
Biden Raises Eyebrows With Tax Hike Comment—But It’s Only Directed At Billionaires
Topline President Joe Biden reiterated support on Tuesday for a proposed new tax targeting billionaires, saying at an event in Virginia Beach that “I want to make it clear—I’m going to raise some taxe...