#income-taxes
#income-taxes

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Entrepreneur

Business

10 Significant Ways A Second Trump Administration Could Impact Your Taxes | Entrepreneur

If re-elected, Trump may make significant changes to personal and business income taxes, primarily aiming to solidify the Tax Cuts and Jobs Act. [ more ]

Axios

1 month ago

Business

Trump's no tax on tips proposal wouldn't benefit tipped workers

Two-thirds of tipped restaurant workers make so little they don't pay federal income taxes, raising questions on the effectiveness of proposed tax cuts. [ more ]

www.theguardian.com

8 months ago

Social justice

Forty-four of 50 US states worsen inequality with upside-down' taxes

State and local tax systems in the US worsen inequality by making the wealthy pay a smaller share of their income in taxes compared to lower income individuals.

Most states have regressive tax systems that disproportionately impact the poor, with reliance on sales and excise taxes. [ more ]

Coindesk

9 months ago

Cryptocurrency

UK to Hit Crypto Users With Penalties for Unpaid Taxes

The U.K. government is urging crypto users to voluntarily disclose any unpaid capital gains or income taxes to avoid penalties.

Tax disclosures should include capital gains or income from exchange tokens like bitcoin, NFTs, and utility tokens.

Users who fail to meet the payment deadline may face penalties and the Treasury will take steps to recover the money. [ more ]

The American Conservative

3 months ago

Right-wing politics

Trump Floats a return to a Revenue Tariff

A potential shift towards replacing income taxes with revenue tariffs aligns with historical Republican Party principles. [ more ]