Albany Dems want to scrap Hochul’s proposed education cuts, raise taxes on high earners
Democrats in the state Legislature want to reverse Gov. Kathy Hochul’s education funding cuts and accept part of a deal to encourage more housing as part of state budget negotiations. The state Senate’s sweeping budget proposal, released late Monday night, would be funded by higher taxes on New Yorkers’ earnings of $5 million or more […]
We Pay for It, Congress Should Ask for Higher Taxes
On Monday’s broadcast of NPR’s “Morning Edition,” Shalanda Young of the White House Office of Management and Budget answered a question about whether President Joe Biden’s budget requires more government spending, saying, “A lot of presidents talk about fiscal responsibility. “Unlike the previous president, this president has been doing a good job of spending.” For […]
Business owners threaten to stop paying taxes until Oakland addresses devastating crime
Some business owners in Oakland are threatening to stop paying taxes until the city takes action to combat worsening crime that threatens their livelihoods. Jose Ortiz, owner of La Perla Puerto Rican Cuisine, told KNTV-TV that his restaurant has been robbed at gunpoint twice in the past two years alone. He said business is down […]
Biden Will Continue to Fight Deficit by Raising Taxes
On Friday’s broadcast of FOX News Channel’s “Your World,” Transportation Secretary Pete Buttigieg said there is still work to be done when it comes to deficit reduction, and that President Joe Biden intends to continue working to reduce the deficit, and that the This is the reason for reducing the fiscal deficit. Proposed tax increases. […]
‘Tell Hunter to Pay His Taxes’
“Tell Hunter to pay his taxes,” Rep. Marjorie Taylor Greene (R-Ga.) shouted at President Joe Biden during Thursday’s State of the Union address. Greene interrupted Joe Biden while he was talking about his tax plan and said: “Look, I’m a capitalist. If you want to make a million dollars, that’s great. Just pay your fair […]
Hawaii Tax Department cracks down on landlords for unpaid taxes – KITV Honolulu
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How gambling impacts your taxes this year
(NEXSTAR) — Tax season is back. That means it’s time to report your previous year’s income again. This includes all income, including W-2s, side gigs, illegal activities (yes, you have to report them), and gambling winnings, which is a potential new source of income for some. . It looks like 2023 was a strong year […]
Dear Abby: Husband keeps dragging his feet on filing our taxes, costing us penalties – MLive.com
Dear Abby: My husband and I have been married for 46 years. For the past five years, he has deferred paying our income taxes to the point where we are charged penalties. He continues to say he’s going to work on it, but everything else takes precedence. I gathered all the necessary documents and printed […]
IRS going after Americans who earn up to $1M but don’t file taxes
The Internal Revenue Service is investigating 125,000 high-income Americans who earned more than $400,000 a year but failed to file tax returns between 2017 and 2021. Starting this week, about 25,000 people who earn more than $1 million a year in tax evasion will receive notices of noncompliance from the Internal Revenue Service. The IRS […]
Gov. Murphy $55.9B budget features spending hikes, new business taxes
New Jersey Gov. Phil Murphy, a Democrat, announced a $55.9 billion state budget on Tuesday. Among the major agenda items is increasing public education spending by nearly $1 billion. “Our budget will ensure New Jersey maintains its proud reputation as a great place to raise a family,” Murphy said of the proposal. New Jersey Gov. […]