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Lowering Taxes on the Middle Class Is a Loser for Democrats - Mother Jones

3 hours 6 min ago

Lowering Taxes on the Middle Class Is a Loser for Democrats
Mother Jones
The party has plenty of internal disagreements on pocketbook issues. But there is a broad consensus on Team Blue that the tax code should be more progressive. It shouldn't be difficult for Nancy Pelosi and Chuck Schumer to unite most elected Democrats ...

Backdoor IRAs: Another way for high earners to save on taxes in retirement - CNBC

6 hours 42 min ago

CNBC

Backdoor IRAs: Another way for high earners to save on taxes in retirement
CNBC
Unless you've filed an extension with the Internal Revenue Service, the 2016 tax year is now history. You're probably ready to take a break from thinking about taxes at all, but there is no time like the present to consider how you might save on future ...
5 Ways to Grow Your Tax RefundMotley Fool

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Taxes soaring on Ohio farmers - Canton Repository

7 hours 51 min ago

Canton Repository

Taxes soaring on Ohio farmers
Canton Repository
Roger Baker and dog, Bentley, sit in a field of freshly mowed rye grass on part of his 1,000-plus acre farm in rural Wayne County. Baker and other farmers across Ohio have seen their property taxes double or triple in recent years. (Special to ...

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Do I owe taxes on inherited house? | Biz Brain - NJ.com

7 hours 56 min ago

NJ.com

Do I owe taxes on inherited house? | Biz Brain
NJ.com
Q. My father died in October and left estate to his daughters. The house was sold for $180,000. The total estate including the house is worth $270,000. I have been told by an accountant that we must pay a 30 percent tax on the profit from selling the ...

Democrats Should Propose an Actual 'Middle Class' Tax Cut - New York Magazine

8 hours 42 min ago

New York Magazine

Democrats Should Propose an Actual 'Middle Class' Tax Cut
New York Magazine
President Trump does not want you to know that the goal of his tax cut for the rich is to cut taxes on the rich. The White House insists that it has no interest in protecting plutocrats' pocketbooks from Uncle Sam's prying hands. On the contrary, the ...
Trump calls for more spending on health care so it's 'the best anywhere,' but he just proposed big cutsWashington Post

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Officials: $100K owed in overdue taxes on Risoldi, Morris properties - The Intelligencer

9 hours 39 min ago

The Intelligencer

Officials: $100K owed in overdue taxes on Risoldi, Morris properties
The Intelligencer
The bureau collects delinquent real estate taxes and sells tax-delinquent properties, with the proceeds going to county government. Almost half of what is owed -- $46,104.31 – is for Clairemont. The Risoldis have until June 30, 2018 to pay the 2016 ...

Officials: $100K owed in overdue taxes on Risoldi, Morris properties - Bucks County Courier Times

9 hours 41 min ago

Bucks County Courier Times

Officials: $100K owed in overdue taxes on Risoldi, Morris properties
Bucks County Courier Times
The bureau collects delinquent real estate taxes and sells tax-delinquent properties, with the proceeds going to county government. Almost half of what is owed -- $46,104.31 – is for Clairemont. The Risoldis have until June 30, 2018 to pay the 2016 ...

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Trump tax plan could hurt home values, but help first-timers - CBS News

11 hours 13 min ago

CBS News

Trump tax plan could hurt home values, but help first-timers
CBS News
President Donald Trump's push to cut taxes is a rare policy expected to draw political support from both sides of the aisle. But one aspect of the overhaul could doom it: a White House move that would effectively eliminate the mortgage-interest ...
Five tax reform issues dividing Republicans | TheHillThe Hill

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Town budgets in Lake Norman hold the line on taxes - Charlotte Observer

Mon, 05/29/2017 - 05:29

Charlotte Observer

Town budgets in Lake Norman hold the line on taxes
Charlotte Observer
Proposed spending plans in the four Lake Norman towns, if adopted, would hold the line on property tax rates for the next year. These budgets determine town tax rates that represent between a quarter and a half of property tax bills. Cornelius has the ...

Abortion regulations in limbo as lawmakers disagree on property taxes, bathrooms - KXAN.com

Mon, 05/29/2017 - 02:59

Abortion regulations in limbo as lawmakers disagree on property taxes, bathrooms
KXAN.com
But the Texas Medical Board is caught in between a battle over bathrooms and property taxes. Speaker of the House Joe Straus passed a “compromise bill” through his chamber that only requires public school students to use bathrooms based on biological ...

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House Democrats Meet, Discuss Potential Tax Increase - U.S. News & World Report

Mon, 05/29/2017 - 00:11

U.S. News & World Report

House Democrats Meet, Discuss Potential Tax Increase
U.S. News & World Report
SPRINGFIELD, Ill. (AP) — Illinois House Democrats began debating tax increases Sunday as an attempt to break a two-year budget deadlock, and while their top budget negotiator wouldn't endorse a $5.4 billion package of tax hikes, he warned of ...
Illinois House Democrats divided on whether to pass tax hike Rauner vows to vetoChicago Tribune
HDems take tax hike bill away from Rep. IvesThe Capitol Fax Blog (blog)
Chicago-area mayor joins Rauner push for property tax freezeNews & Observer
NBC Chicago (blog)
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Oklahoma GOP lawmakers reverse themselves on lower taxes, smaller government - Tulsa World

Sun, 05/28/2017 - 22:05

Tulsa World

Oklahoma GOP lawmakers reverse themselves on lower taxes, smaller government
Tulsa World
But Republicans like Taylor who campaigned on lower taxes and smaller government delivered neither during the 2017 session that ended on Friday, as a budget crisis forced lawmakers to come up with creative ways to generate revenue and keep state ...

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Group threatens suit over Senate tax hike - The Capitol Fax Blog (blog)

Sun, 05/28/2017 - 19:42

Group threatens suit over Senate tax hike
The Capitol Fax Blog (blog)
The Illinois Senate passed a series of tax hikes May 23 that would raise more than $5.4 billion in new tax revenue. In addition to increasing the personal income tax rate by 32 percent, the Senate bill would slap new taxes on services that previously ...

Lessons from the EU: Slash the US corporate tax - The Hill (blog)

Sun, 05/28/2017 - 18:39

The Hill (blog)

Lessons from the EU: Slash the US corporate tax
The Hill (blog)
The United States has the third-highest corporate profit tax in the world. If the average state tax is added to the federal tax of 35 percent, the U.S. corporate profit tax rate is actually 39 percent. The revenues from corporate taxes in the United ...

How lawmakers could lower taxes for most Louisiana residents - Daily Comet

Sun, 05/28/2017 - 18:27

Daily Comet

How lawmakers could lower taxes for most Louisiana residents
Daily Comet
In fact, lawmakers are in the process of approving at least two dozen tax exemptions pushed by lobbyists that would benefit specific industries or even individual companies. In most instances, members of the House Ways and Means Committee, Republicans ...
Happening at the Capitol: Rent control, Medicaid eligibility, deer meat and taxesStatesman Journal
Legislative leaders resist tax hikes, hampering budget fix in eyes of some lawmakersWichita Eagle

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How lawmakers could lower taxes for most Louisiana residents - Houma Courier

Sun, 05/28/2017 - 18:27

Houma Courier

How lawmakers could lower taxes for most Louisiana residents
Houma Courier
In fact, lawmakers are in the process of approving at least two dozen tax exemptions pushed by lobbyists that would benefit specific industries or even individual companies. In most instances, members of the House Ways and Means Committee, Republicans ...
Happening at the Capitol: Rent control, Medicaid eligibility, deer meat and taxesStatesman Journal

all 2 news articles »

Dallas homeowners can still protest their property taxes — here's how - CultureMap Dallas

Sun, 05/28/2017 - 17:00

CultureMap Dallas

Dallas homeowners can still protest their property taxes — here's how
CultureMap Dallas
That means nearly all of us got hit with a big increase in property taxes. "There is a high demand in our area for homes and the supply is low, so many people have been shocked by how much the value of homes have increased, especially over the past two ...

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Various tax slabs under GST worry traders: CAIT - Economic Times

Sun, 05/28/2017 - 15:13

Economic Times

Various tax slabs under GST worry traders: CAIT
Economic Times
"The wider impact of the classification of items under different tax slabs needs to be gauged very cautiously since under GST not only the taxes paid on goods but even the taxes paid on the services will be eligible for input tax credit," CAIT said ...

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Kansas views on state taxes and higher education - Wichita Eagle (blog)

Sun, 05/28/2017 - 10:03

Kansas views on state taxes and higher education
Wichita Eagle (blog)
State taxes — There simply is no way around addressing the state's income tax structure and, more specifically, the broad-based income tax cuts implemented by legislators in 2012 and 2013 at the urging of Gov. Sam Brownback. Those tax cuts have ...

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Spin Control: If Washington needs more revenue, here's some taxes to try - The Spokesman-Review

Sun, 05/28/2017 - 07:01

The Spokesman-Review

Spin Control: If Washington needs more revenue, here's some taxes to try
The Spokesman-Review
Senate Republicans should give up their plan for a shift in property taxes that would increase taxes for some residents and decrease them for others, he said. House Democrats should abandon a capital gains tax on people who have more than $25,000 in ...

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