Far more taxpayers than projected claimed the Inflation Reduction Act incentives on solar panels, heat pumps and other climate-friendly projects, data shows.
taxes
Posted inNation & World, Politics
Democrats’ plan to tax the rich and corporations begins to take shape
Pressure is already mounting from the party’s left flank to insist on sharp increases in the corporate tax rate and on the highest individual earners – and not to agree to any compromise with Republicans otherwise.
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Posted inLocal & State
Portland may ask tax-exempt property owners for voluntary revenue help
The city has about $3 billion worth of property owned by entities such as churches and colleges that do not pay property taxes.
Posted inBusiness, Nation & World, News, Politics
Republicans pitch tax cuts for corporations, the wealthy in 2025
Corporate tax breaks under consideration could expand the national debt by roughly $1 trillion over the next decade, according to researchers.
Posted inBusiness, Nation & World, News
IRS makes free Direct File tax return program permanent, asks all states to join for 2025
This tax season, more than 140,000 taxpayers in 12 eligible states made use of Direct File.
Posted inLetters
Letter: Support fair Social Security deductions
In response to the May 23 letter to the editor “Taking more from high earners is theft,” I wish to clarify how the “left” feels about how Social Security is taken from workers’ earnings. Currently, 6.2% of earnings are paid into Social Security from our wages, with a capped amount of wages at this time […]
Posted inLetters
Letter: Ask the wealthy to pay their fair share
In response to the opinion presented by a in a recent letter, (“Taking more from high earners is theft,” May 23), nobody is proposing to steal higher earners’ income. Those of us not lucky, fortunate or born into wealth to earn more than $168,000 per year pay 6.2% on all of our income to support […]
Posted inNation & World, News
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
Posted inBusiness, Nation & World
Your tax refund could be bigger this year. Here’s what to do with it.
Experts generally advise putting it toward debt and savings, but, for many people, that’s unrealistic.
Posted inBusiness, Nation & World
These cities raised taxes for child care. Parents say it ‘changed my life’
In New Orleans, voters approved a property tax increase, which raised the city’s budget for child care. A marijuana sales tax approved last year by voters in Anchorage, Alaska, will generate more than $5 million for early childhood programs. Policy analysts say more people are noticing the link between the economy and child care.