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The Wall Street Journal: Capital-gains-tax hike could be a tough sell for Biden even among fellow Democrats

Some Democrats are said to be sensitive to the argument that higher taxes on investment income could slow economic growth......»»

Category: topSource: marketwatchApr 29th, 2021

All About SALT, the Tax Deduction That Divides U.S.

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

Category: topSource: washpostApr 29th, 2021

Biden"s new plan pledges unemployment reform, but doesn"t put money behind it

The American Families Plan lacks specifics on overh.....»»

Category: topSource: businessinsiderApr 28th, 2021

All About SALT, the Tax Deduction That Divides U.S.: QuickTake

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

Category: topSource: washpostApr 28th, 2021

All About SALT, the Tax Deduction That Divides the U.S.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some portion of what they paid to their state and local governments. .....»»

Category: topSource: washpostApr 28th, 2021

Here"s why a jump in capital gains taxes doesn"t spell the end for stock market gains, according to the world"s largest wealth manager

Stocks rose in 2013 and 1987 after the capital gains tax rate was raised, but there have been declines in other years. Lucas Jackson/Reuters Stocks are able to show positive returns e.....»»

Category: worldSource: nytApr 25th, 2021

NerdWallet: How to deduct Medicare costs on your income taxes

If you itemize deductions on your taxes, Medicare costs, such as premiums and copayments, may be deductible......»»

Category: topSource: marketwatchApr 19th, 2021

Nike responds to report on taxes, says it paid $9.1 billion since 2016

Two weeks after the publication of a report that said Nike hadn't paid federal income taxes in three years, the sportswear giant late Friday said it has paid more than $9.1 billion in U.S. taxes since 2016......»»

Category: topSource: bizjournalsApr 16th, 2021

JPMorgan says it"s time for US corporate taxes to catch back up with the rest of the world

The bank finds the US more reliant on tax revenue from personal income and property, while Biden is "sick and tired of ordinary people being fleeced." venue Presidents Joe Biden (L) and Donald Trump (R). Salwan .....»»

Category: topSource: businessinsiderApr 15th, 2021

When are taxes due? Despite income federal deadline extension, April 15 remains key deadline for some taxpayers.

Federal tax returns are due May 17, but many people still need to pay their first quarter 2021 estimated tax payments .....»»

Category: topSource: usatodayApr 14th, 2021

AMD, Salesforce, HP, Xilinx and Sanmina paid $0 in federal income taxes in 2020 despite $4.1B in combined profits

The five Bay Area tech firms each posted a profit last year, but used a variety of credits and other legal maneuvers to reduce their tax bills to $0......»»

Category: topSource: bizjournalsApr 5th, 2021

At least 55 of America’s biggest companies paid no federal taxes on billions in profits, study finds

FedEx, Duke Energy and Nike are among companies that were able to avoid paying any federal income tax for the last t.....»»

Category: topSource: chicagotribuneApr 2nd, 2021

Nike, FedEx, and 24 other companies with $77 billion of combined income have avoided paying taxes for years, a new report found

55 of America's biggest companies paid $0 in fe.....»»

Category: personnelSource: nytApr 2nd, 2021

IRS will soon send refunds to millions of Americans who paid taxes on their unemployment benefits

The IRS says it will automatically start sending refunds to people who filed their tax returns reporting unemployment income before getting a $10,200 tax break under the American Rescue Plan......»»

Category: topSource: washpostApr 2nd, 2021

IRS will soon send refunds to millions of Americans who paid taxes on their unemployment benefits

The IRS says it will automatically start sending refunds to people who filed their tax returns reporting unemployment income before getting a $10,200 tax break under the American Rescue Plan......»»

Category: topSource: washpostApr 2nd, 2021

Biden only wants to raise taxes on the wealthy, but he"s misleading families with $400,000-plus income

Biden says "no one making under $400,000 will see their taxes go up," but the White House says families qualify. That still only hits the richest. President Joe Biden speaks about his $2 trillion infrastru.....»»

Category: worldSource: nytApr 1st, 2021

The Wall Street Journal: Pfizer working on freeze-dried version of COVID-19 vaccine that doesn’t need ultracold storage

Pfizer Inc. and partner BioNTech SE plan to begin soon testing a freeze-dried version of its COVID-19 vaccine, which if proven to work safely could ease storage and handling of the shots in rural U.S. areas and low-income countries......»»

Category: topSource: marketwatchMar 31st, 2021

States like Texas with no income tax not always more affordable, study says

People might think that states with no income tax, like Texas, are more affordable, but a new study illuminates how they get their revenue from other sources. In Texas, that means higher property taxes than most states, according to an analysis b.....»»

Category: topSource: bizjournalsMar 28th, 2021

The richest 1 percent dodge taxes on more than one-fifth of their income, study shows

Those at the very top of the income spectrum deny the U.S. government roughly $175 billion a year in revenue, researchers estimate......»»

Category: worldSource: nytMar 26th, 2021

TaxWatch: There’s hope for people who missed a valuable tax break on unemployment benefits

Though jobless benefits count as taxable income, one part of the sprawling law says the first $10,200 of those benefits are exempt from federal income taxes for households making under $150,000......»»

Category: topSource: marketwatchMar 21st, 2021