#income-tax
#income-tax

US politics

CNN's Kaitlan Collins Calls BS On Trump Cabinet Chief Over Tax-Tariff Plan: The Math Does Not Add Up'

CNN's Kaitlan Collins challenged the math behind Trump's tariff plan to eliminate income tax, exposing logical inconsistencies.

fromwww.nytimes.com

9 months ago

Business

Opinion | Trump Ignores the Ruinous History of Tariffs

An all-tariff policy, such as suggested by Donald Trump, could be detrimental to the economy and disproportionately affect middle-income households.

fromwww.mediaite.com

US politics

CNN's Kaitlan Collins Calls BS On Trump Cabinet Chief Over Tax-Tariff Plan: The Math Does Not Add Up'

CNN's Kaitlan Collins challenged the math behind Trump's tariff plan to eliminate income tax, exposing logical inconsistencies.

Business

We're in our 60s with $9 million saved for retirement - we are excited but can't stop thinking about the large tax liability coming up

Developing a tax strategy is essential for retirees with significant savings to maximize their income and minimize tax liabilities.

Retirement

My IRAs will soon cover only what I spend - should I pause Roth conversions given the current tax rates?

Current tax brackets for retirees are likely stable, allowing for strategic planning regarding Roth IRA conversions.

5 months ago

Business

We're in our 60s with $9 million saved for retirement - we are excited but can't stop thinking about the large tax liability coming up

Developing a tax strategy is essential for retirees with significant savings to maximize their income and minimize tax liabilities.

Retirement

My IRAs will soon cover only what I spend - should I pause Roth conversions given the current tax rates?

Current tax brackets for retirees are likely stable, allowing for strategic planning regarding Roth IRA conversions.

more#retirement-planning

#fiscal-policy

London politics

HMRC begins the year with a record busting tax haul - London Business News | Londonlovesbusiness.com

HMRC's January 2025 tax receipts reached a record £112bn, primarily driven by a surge in income tax collections.

Miscellaneous

First 3bn of Apple Tax money has hit Irish State coffers

Corporation tax, particularly from Apple, could surpass income tax as the largest revenue source for the State in 2023.

fromBusiness Matters

2 weeks ago

UK politics

Fiscal drag to push 8.3 million more Britons into higher tax brackets by 2030

Over 8 million people in the UK will face higher income tax rates by 2030 due to frozen tax thresholds.

UK politics

More taxpayers being pulled into higher tax brackets as high earner incomes up 22% since tax freeze - London Business News | Londonlovesbusiness.com

UK taxpayers face higher income tax burdens due to frozen tax thresholds not aligned with inflation.

UK politics

HMRC's last tax statistics before the Spring Statement are looking optimistic for the Chancellor - London Business News | Londonlovesbusiness.com

HMRC's tax receipts are up £11bn compared to last year, suggesting optimistic financial outlook for upcoming fiscal decisions.

Miscellaneous

HMRC rings in the holidays with record tax take nearing 850 billion - London Business News | Londonlovesbusiness.com

The UK Treasury is celebrating record tax receipts due to significant increases in income and corporation taxes for the year 2024.

London politics

HMRC begins the year with a record busting tax haul - London Business News | Londonlovesbusiness.com

HMRC's January 2025 tax receipts reached a record £112bn, primarily driven by a surge in income tax collections.

Miscellaneous

First 3bn of Apple Tax money has hit Irish State coffers

Corporation tax, particularly from Apple, could surpass income tax as the largest revenue source for the State in 2023.

fromBusiness Matters

2 weeks ago

UK politics

Fiscal drag to push 8.3 million more Britons into higher tax brackets by 2030

Over 8 million people in the UK will face higher income tax rates by 2030 due to frozen tax thresholds.

UK politics

More taxpayers being pulled into higher tax brackets as high earner incomes up 22% since tax freeze - London Business News | Londonlovesbusiness.com

UK taxpayers face higher income tax burdens due to frozen tax thresholds not aligned with inflation.

UK politics

HMRC's last tax statistics before the Spring Statement are looking optimistic for the Chancellor - London Business News | Londonlovesbusiness.com

HMRC's tax receipts are up £11bn compared to last year, suggesting optimistic financial outlook for upcoming fiscal decisions.

Miscellaneous

HMRC rings in the holidays with record tax take nearing 850 billion - London Business News | Londonlovesbusiness.com

The UK Treasury is celebrating record tax receipts due to significant increases in income and corporation taxes for the year 2024.

Brooklyn

How big a tax refund can New Yorkers expect?

New York residents rank 12th nationally for average tax refunds, receiving about $3,339.

Refund amounts differ greatly by income, reflecting economic disparities among residents.

fromThe Mercury News

California

Income tax filings are due Tuesday: Many Bay Area filers will get a check back from Uncle Sam

Many Americans overpay their taxes and receive refunds, which are essentially their own money being returned.

The average tax refund for U.S. filers is nearly $3,300, with California's average slightly higher.

fromBrooklyn Eagle

Brooklyn

How big a tax refund can New Yorkers expect?

New York residents rank 12th nationally for average tax refunds, receiving about $3,339.

Refund amounts differ greatly by income, reflecting economic disparities among residents.

fromThe Mercury News

California

Income tax filings are due Tuesday: Many Bay Area filers will get a check back from Uncle Sam

Many Americans overpay their taxes and receive refunds, which are essentially their own money being returned.

The average tax refund for U.S. filers is nearly $3,300, with California's average slightly higher.

more#tax-refunds

fromwww.bbc.com

UK politics

Keir Starmer paid 54,718 in tax last year

Sir Keir Starmer disclosed income tax details for 2023/24, showing a significant tax bill and sources of income.

New York City

fromNew York Post

New York has second highest tax burden in nation; here's the worst - and the best

New York has the second highest tax burden in the U.S., only behind Hawaii.

fromThe Local France

France politics

How to get an estimate of your French tax bill

French residents can estimate their income tax liabilities using a newly introduced online simulator.

#historical-events

frombrooklyneagle.com

US news

April 1: ON THIS DAY IN HISTORY

The Supreme Court's decision on the income tax law was anticipated, with expectations leaning towards its favor.

fromBrooklyn Eagle

NYC music

March 28: ON THIS DAY IN HISTORY

The U.S. Supreme Court was expected to declare the income tax unconstitutional in 1895.

Admiral Schley played a significant role in the 1909 relief effort to rescue explorer Dr. Frederick A. Cook.

frombrooklyneagle.com

US news

April 1: ON THIS DAY IN HISTORY

The Supreme Court's decision on the income tax law was anticipated, with expectations leaning towards its favor.

fromBrooklyn Eagle

NYC music

March 28: ON THIS DAY IN HISTORY

The U.S. Supreme Court was expected to declare the income tax unconstitutional in 1895.

Admiral Schley played a significant role in the 1909 relief effort to rescue explorer Dr. Frederick A. Cook.

more#historical-events

#personal-finance

Retirement

61% of Americans Flunk Basic Tax Literacy Quiz

Over 60% of Americans struggle with fundamental tax literacy.

Two-thirds don't understand tax brackets, while 64% can't differentiate between credits and deductions.

fromwww.dailyecho.co.uk

Business

Millions warned they could be paying too much tax - how to check your tax code

Understanding your tax code is crucial to avoid overpaying or underpaying taxes.

fromIndependent

Miscellaneous

Fancy a money boost in dark January? How about a nice tax refund?

Claiming back overpaid taxes can greatly enhance financial health.

Many workers overpay their income tax and don't reclaim it.

Retirement

61% of Americans Flunk Basic Tax Literacy Quiz

Over 60% of Americans struggle with fundamental tax literacy.

Two-thirds don't understand tax brackets, while 64% can't differentiate between credits and deductions.

fromwww.dailyecho.co.uk

Business

Millions warned they could be paying too much tax - how to check your tax code

Understanding your tax code is crucial to avoid overpaying or underpaying taxes.

fromIndependent

Miscellaneous

Fancy a money boost in dark January? How about a nice tax refund?

Claiming back overpaid taxes can greatly enhance financial health.

Many workers overpay their income tax and don't reclaim it.

more#personal-finance

Retirement

Social Security Benefits Did Something This Year They Never Have Before

Social Security checks have exceeded $5,000 for the first time, marking an important milestone for retirees.

fromShopify

3 months ago

Business

Small Business Owner's Guide to Dropshipping Taxes (2025) - Shopify

Dropshipping tax obligations include self-employment and income taxes, which can vary widely based on sales locations and business structure.

#tax-changes

Tech industry

Budget 2025 calculator: Find out what the incoming tax changes are worth to you

Budget 2025 introduces tax changes that aim to benefit workers, but the impact varies across different income brackets.

Business

Revealed: The boost in store for taxpayers from today as budget changes kick in

Tax and welfare changes aim to increase disposable income for households, particularly benefiting lower and middle-income earners.

Tech industry

Budget 2025 calculator: Find out what the incoming tax changes are worth to you

Budget 2025 introduces tax changes that aim to benefit workers, but the impact varies across different income brackets.

Business

Revealed: The boost in store for taxpayers from today as budget changes kick in

Tax and welfare changes aim to increase disposable income for households, particularly benefiting lower and middle-income earners.

Business

Tax revenues rise 24bn, offering government optimism amid budget backlash

Tax receipts in the UK have increased by £24 billion, instilling optimism for the government after budget criticisms.

Miscellaneous

HMRC tax takings in healthy position but fiscal drag still causing pain for taxpayers - London Business News | Londonlovesbusiness.com

Fiscal drag increases taxpayers' income tax liabilities as wages rise, but the government is projected to need significant funding to address deficits.

fromBusiness Matters

5 months ago

Business

Tax revenues rise 24bn, offering government optimism amid budget backlash

Tax receipts in the UK have increased by £24 billion, instilling optimism for the government after budget criticisms.

Miscellaneous

HMRC tax takings in healthy position but fiscal drag still causing pain for taxpayers - London Business News | Londonlovesbusiness.com

Fiscal drag increases taxpayers' income tax liabilities as wages rise, but the government is projected to need significant funding to address deficits.

more#hmrc

5 months ago

Miscellaneous

Sinn Fein pledges to abolish USC on incomes up to 45,000 if elected to Government

Sinn Féin plans a €1.8bn tax package benefiting workers, especially those earning up to €45,000, with cuts implemented quickly after election.