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| Republicans Exact Their Revenge Through a Tax Bill The Republican tax bill lands like a hammer on upper-income professionals in blue states. Highly compensated attorneys, doctors, accountants, and financial-service professionals will lose tens of thousands of dollars in deductions for their heavy state and local taxes and costly coastal mortgages, ...
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| Tax Bill Is Great for Accountants — Unless They Have Holiday Plans Jonathan Traub was supposed to spend his family vacation in Breckenridge, Colo., skiing and roasting marshmallows. Instead, Mr. Traub, the head of Deloitte's tax-policy practice in Washington, has been holed up in the resort town, producing tax-analysis documents and recording podcasts for clients, ...
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| When Will the New Tax Plan Kick In? Most of the Republican tax plan will kick in beginning in January, but taxpayers will not see every change immediately. Before Jan. 2018. Some taxpayers can make changes before the end of 2017 to put themselves in a better position for next year. Jan. 2018. A majority of provisions will go into effect.
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Your tax questions, answered First off: The soon-to-be tax law will not apply to your 2017 taxes -- the ones you have to file this coming April. Most provisions of the new law affecting individuals and businesses go into effect on Jan. 1, 2018. For instance, new tax brackets take effect on January 1 of next year, as will the new standard ...
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| Why AARP doesn't like the tax bill Several of the provisions "may result in little if any tax benefit for many older tax filers, and for others, a tax increase," AARP CEO Jo Ann Jenkins wrote in a letter sent to lawmakers this week. First, it criticizes the bill for making individual tax benefits temporary. While many Americans are expected to pay ...
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| Corporate America's Big Tax-Bonus Giveaway Is a Giant Scam On Wednesday afternoon, as Donald Trump sulked over not receiving sufficient credit for his historically unpopular multi-trillion- dollar corporate tax-cut bill, the good news began to roll in. Within hours of the legislation passing Congress (without a single Democratic vote), a number of large companies ...
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| What The Expanded Child Tax Credit Looks Like After Tax Reform I've been asked a lot of questions about the expanded Child Tax Credit under the new tax reform law. While we have a sense of how it should work under the existing rules for the Child Tax Credit, there are still some aspects of the new law that aren't quite obvious. We'll have to wait for the Regs for the ...
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| GOP Tax Overhaul Will Be Felt by State, Local Governments Nearly every state with its own income tax relies on a federal definition of income. About half automatically apply federal tax provisions to their state income taxes unless lawmakers decide against it. In most others, legislators must update state laws to continue linking their tax code to the federal one.
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Ivanka Trump flubs tax bill pitch on Fox News Congressional Republicans on Wednesday pushed the sweeping tax reform legislation through both chambers, and it now heads to President Trump to be signed into law. This is first significant reform to the tax code since 1986 and, among other things, it slashes the corporate tax rate and changes the ... Ivanka Trump: Tax cuts and deregulation will 'ultimately eliminate the national debt' - Business Insider
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| Brewers celebrate a measure tucked into the sweeping tax reform bill Industry groups such as the Brewers Association and the Beer Institute are heralding a measure passed in the tax reform bill. Brewers who produce 2 million barrels or less will see their federal excise tax rate halved, to $3.50 per barrel for the first 60,000 produced, from $7 per barrel. The cuts could be a ...
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| Bitcoin Sellers Cut Taxes By Moving Before Sale But taxes can be painful too. At the start of the crypto craze, it seemed anonymous. But now, the IRS is getting Coinbase customer data. It now seems practically mainstream, with futures and institutional investors. And on the subject of taxes, many a Bitcoin millionaire may be thinking like their forefathers ...
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| The new tax on Harvard Under the bill headed to President Donald Trump's desk the most well-to-do private universities would have to pay a 1.4 percent tax on earnings from their endowments, which are largely built on donations from prosperous alumni and enhanced by investments. Although scrutiny of wealthy college ...
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| Final Tax Bill Includes Huge Estate Tax Win For The Rich: The $22.4 Million Exemption The tax bill, passed by the House and Senate yesterday, temporarily doubles the annual exclusion amount (the exemption) for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. The exemption is indexed for ...
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| Town Fears GOP Tax Plan Will Erode Its Egalitarian Pillars It is through this lens that residents here are viewing the tax plan that Congress finalized this week. Even as people here try to assess how the new code will affect them individually, many are expressing greater concerns about the "knock-on" or secondary effects of the plan, which down the line could ...
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| Right and Left React to the Passage of the GOP Tax Cut Democrats may soon regret that the tax bill was passed along strictly partisan lines, Mr. Graham argues. He contrasts the tax bill with the passage of Obamacare, which he writes "was a fundamental shift in how our government treated health care," not a dispute over details. Had Democrats not been so ...
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| In Silicon Valley, much-feared tax bill pays dividends for workers The new $10,000 cap on state and local tax deductions will have a less dramatic effect than feared because such deductions in many cases had already been rendered moot by the alternative minimum tax (AMT), a mechanism for assuring that the well-heeled pay at least 26 percent of their income in ...
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| Podcast: After the celebrations, what's next for the tax bill? Like a cork from a champagne bottle, Washington burst into a frenzy of dramatic action this week, passing a sweeping overhaul of the tax code, followed by an all-Republican celebratory event on the steps of the White House and then a mass exodus for the airports. But remember: Laws don't take effect ...
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| Wells Fargo says raises were not linked to tax bill passage — then backtracks Wells Fargo & Co.'s move to raise its minimum pay to $15 an hour was part of a long-term plan and not related to the passage of the Republican tax overhaul as the company implied, said a bank spokesman, who later backtracked and stated the hikes were a result of the bill's approval. The bank was ...
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| Here's how the tax bill will affect the middle class in every US state On Wednesday, the House approved a sweeping overhaul of the U.S. tax code, which President Donald Trump is expected to sign into law soon. Although it's being billed as a tax cut, many people may end up paying more, CNBC's John Schoen reports. As for how it will affect individuals, in general, the ...
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| Why higher education hates the new tax bills University endowments: Both the Senate and House bills propose an excise tax on private college endowments that are more than $250,000 per full-time student. The Senate bill also included a 20% excise tax on any endowments that are used to pay more than $1 million in executive compensation.
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| New Tax Law Closes Bitcoin Loophole The tax act in Sec. 13303 amends IRC Section 1031 (a)(1) to delete "property" and replace it with "real property" … So, you can see that now I can no longer take the position that my Bitcoin to Litecoin exchange was a like kind one under Sec. 1031, and I have to recognize the gain when I do it.
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| Fallout from tax bill includes Maryland homeowners who want to pay property taxes early That deduction is popular in states such as Maryland with high incomes and local tax rates. In Maryland, 46 percent of taxpayers take the deduction for an average of $13,000, according to IRS data. Now, some Marylanders are wondering if it might be best to squeeze in property tax payments that would ...
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| Tax-Cut Santa Is Coming to Town In his place we have Republican Tax-Cut Santa, who has different priorities. You see, the new guy doesn't care whether you're naughty or nice. In fact, he'll actually reward you if you're naughty in the right ways. But mainly he cares whether you're rich, especially if your wealth comes from property ...
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| Stocks close higher as some companies pledge to spend tax bill savings on higher wages U.S. stocks finished higher on Thursday after some companies said they would spend the savings stemming from lower corporate taxes on higher wages and new construction. The Dow Jones industrial average rose 55.64 points to close at 24,782.29. At its session highs, it traded more than 100 points ...
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| Missed opportunity: GOP tax bill could have lowered crazy-high drug prices But here's one missed opportunity you probably didn't know about: The tax bill could have lowered prescription drug prices. While the legislation was still being shaped largely in secret by GOP lawmakers, Democratic Sen. Claire McCaskill of Missouri crafted an amendment that would have eliminated ...
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| Tax Cuts Crystallize Haves, Wants, Can'ts, Won'ts The cut in the American corporate tax rate to 21 percent from 35 percent is a windfall. But to whom? Some companies say they will share the wealth with workers and communities. But there's less to these claims than meets the eye. First, there are the "haves," who have already received an early ...
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| Tax bill 'winners' could help drive the stock market's traditional year-end Santa rally The traditional period for the so-called "Santa rally" starts Friday and runs through the close on Jan. 3. If there is a "Santa rally," the market could do well in the coming year, and if not, watch out, according to "Stock Trader's Almanac." There have only been six negative Santa periods in the past 24 years, ...
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| Indefensible: Hedge fund tax loophole shows 'swamp' still rules over Washington, DC White House chief economic advisor Gary Cohn claimed the hedge fund and private equity lobby was too strong to overcome in the battle to cut the carried interest tax loophole. "The reality of this town is that constituency [hedge funds and private equity] has a very large presence in the House and the ...
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| Tax Bill Could Be A Big Hit To Puerto Rico's Economy We want to go back now to that massive tax bill that the Republican Congress passed yesterday. Now, every major piece of legislation has some unexpected consequences. Our next guest says that the tax bill that Congress passed, quote, "could be as damaging to Puerto Rico's economy as Hurricane ...
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| EU Fears 'Unfair' US Tax Bill Will Incentivise Companies to Move to America European finance ministers are "worried" the Republican's newly passed tax bill will make the US "go from being a high-tax to a low-tax country" and "unfairly" incentivise companies to move to America from the EU and the UK. This is truly terrifying. From Deutsche Welle: Last week, the finance ministers ...
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| Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts Information about Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, including recent updates, related forms and instructions on how to file.
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| The Tax Cuts and Jobs Act The National Association of Realtors® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts.
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| SHOCK: Even CNN Admits Tax Bill Gives Working Families 'Damn Good Money' As Democrats try to create mass hysteria over the Republican tax reform bill, left-wing news organizations like CNN have admitted that the tax bill is going to give working families "damn good money." On Wednesday, CNN host John King said, "The Republicans are making a big bet, taking a big risk.".
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| Tax Reform! How Physicians and the Self-Employed are Affected The Tax Cut and Jobs Act will mean major changes in taxation for everyone in the United States. Changes affecting physicians and the self-employed are highlighted in today's article. Specifically, the pass-through deduction for those in a service industry (physicians, for example) is detailed.
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WATCH: Nancy Pelosi BAILS On Anti-Tax Bill Protest After Only A Handful Of Angry Leftists Show Up A handful of anti-tax cut protesters were left abandoned and confused Wednesday after Democratic Minority Leader Nancy Pelosi bailed on their event, apparently fearing a public relations backlash in the face of the public's unexpected embrace of Donald Trump's tax reform bill.
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| BREAKING: Major companies announce raises, bonuses after tax reform bill passes Giving President Trump his first major legislative victory, the GOP tax reform bill sailed through all the hoops, as it passed in both the House and the Senate Tuesday, and received a final vote of approval in the House Wednesday morning. Already, major companies have responded, announcing ...
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| Helping All Americans: The GOP Tax Cuts Are Set To Benefit Working-Class Mothers Earning ... In tough political times, there's nothing more heartening than seeing Congress pass legislation that will truly change regular Americans' lives for the better. And this week, they've done just that: Economists say that the GOP tax cuts are set to have huge benefits for any working-class mother earning ...
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| Barbra Streisand Says Trump Passed Tax Reform For 'Personal Gain.' On Thursday, Barbra Streisand took to Twitter to sound off about the evils of other Americans keeping their money. She tweeted out a piece from Charles Blow of The New York Times calling the tax reform bill "The Great American Tax Heist," and included her own commentary:
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| Sportswriter Mocks Middle-Class Tax Cut. Then He Gets Wrecked. According to the Tax Policy Center, Americans earning between $48,000 and $86,000 per year will see a tax cut of $18 a week after the passage of the income tax cut by Congress this week. When writer Josh Jordan noted that critics of the tax cut bill derided the $1,000 yearly tax break the middle class ...
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| 2018 Business Tax Information, Forms, and Filing On behalf of the City of Los Angeles, the Office of Finance would like to express our appreciation to all of you who file your business tax renewals on time. Your business taxes fund a wide range of essential City services including public safety, libraries, and recreation parks to name a few.
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| THOU SHALT NOT COVET: Democratic Congressman Admits They Oppose Tax Cuts Because ... On Thursday, Rep. Ted Lieu (D-CA) let the cat out of the bag when it comes to Democratic motivation for opposing a tax cut that puts money back in the pockets of well over 80% of the American people: jealousy. Pure jealousy. Here's his tweet: GOP underestimates how people feel when they know ...
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| Sen. Tim Scott Ridiculed For Trump Tax Bill Comments Tim Scott fights back on Twitter after he's criticized for tax bill support.
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| Tax Reform Act – Impact on Master Limited Partnerships With the passage of the tax reform act (formerly known as the Tax Cuts and Jobs Act or the "Act") by Congress this week and the expectation that President Trump will sign it into law, many changes to the Internal Revenue Code (the Code) impacting Master Limited Partnerships (MLPs) and their ...
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| Liberals Spinning Tax-Cut-Inspired Raises and Bonuses as an Evil Conspiracy Liberal pundits and Democrat office holders spent most of the year warning that death and mayhem were the inevitable, immediate outcome to expect from any GOP tax cut bill. So when multiple large corporations announced new bonuses and increases in their starting minimum wages Wednesday, the ...
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Intelligent Tax Solutions Intelligent Tax Solutions is a full service tax, accounting and business located at the National Harbor in Oxon Hill, MD.
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| Pulling Their Heartstrings People like to paint conservatives as unfeeling plutocrats, but here's a story that proves that Republicans in Congress are actually governing with their hearts: Today tearful Republicans unanimously voted for the new tax bill after hearing a billionaire's heart-wrenching story of how he would like to have ...
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| ADA believes tax bill will benefit majority of dentists, patients Washington — The House and the Senate on Dec. 20 passed the Tax Cuts and Jobs Act, legislation that revamps the U.S. tax code for the first time in more than 30 years.
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| AT&T is giving $1000 employee bonuses after tax vote CNBC AT&T was quick to respond to news of U.S. tax reform, announcing it will give some employees bonuses once the law is official. The telecom giant said in a press release Wednesday that it will give more than 200,000 U.S. union members a bonus of $1,000. The company also increased its capital ...
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| District Leaders Announce that Washingtonians Can Pre-Pay Property Taxes in 2017 (Washington, DC) – Today, after Congress passed tax reform legislation, Mayor Muriel Bowser, Congresswoman Eleanor Holmes Norton, and Chief Financial Officer Jeff DeWitt announced that District property owners can pre-pay their property taxes in preparation for the upcoming tax year. The tax ...
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| Tax-Free Bitcoin-To-Ether Trading in US to End Und... Because bitcoin is an asset for tax purposes, each coin (meant here as any quantity of cryptocurrency, not a specific unit) is subject to an individual tax computation, so you must use the actual price paid for each coin as the basis for computing taxes. You must also compare each coin's basis against the ...
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| Fact check: can a holiday pocket veto derail the Republican tax bill? Last night Donald Trump announced that he'll wait to sign the Republican tax bill until January 3rd, a surreal move considering that his own Republican Party just bent over backwards to hastily ram the bill through the House and Senate before the holidays. Palmer Report pointed out that Trump appears ...
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| Tax overhaul passes, includes AOA-backed provisions Tax overhaul passes, includes AOA-backed provisions. Congress finalized its sweeping overhaul to the federal tax code, repealing the individual mandate in the process, but retaining several AOA-backed provisions that ensure reform is fair to doctors of optometry and students. "AOA volunteers and staff ...
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| Land tax current rates The following land tax rates are set out below: Current general rates Current trust surcharge rates 2017 general rates with absentee owner surcharge 2016 general rates with absentee owner surcharge 2017 trust surcharge rates with absentee owner surcharge 2016 trust surcharge rates with absentee ...
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| Deducting a CEO's Jet, But Not a Cop's Uniform Donald Trump often declares his support, even love, for police, firefighters and other first responders. That isn't stopping him, however, from nicking their wallets in the new tax law that he is expected to sign in early January. Buried in the hastily drafted tax bill's more than 500 pages are provisions ...
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| General Conference Issues Memo on American Tax Bill In response to the American tax bill that received congressional approval this week, the General Conference of Seventh-day Adventists has issued a memo about its impact on Adventist employees and organizations. Issued jointly by the GC's Office of General Counsel and the Public Affairs and ...
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| Can the Tax Bill Unite a Divided GOP? This week the GOP couple was in the "on-again stage," heaping praise on one another for passage of the tax reform bill. For much of the year, however, they've been in the "off-again" phase. We all remember the president personally attacking GOP House and Senate leaders after the failure of ...
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| tax amnesty The Texas Tax Amnesty Program will run from May 1, 2018 through June 29, 2018. The Texas Tax Amnesty Program provides delinquent taxpayers with relief from penalties and interest on tax due. Tax amnesty applies to periods prior to Jan. 1, 2018, and only includes liabilities that have not been ...
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| Are Tax Cuts Really Just Undemocratic Exploitation? Will Wilkinson, the vice president for policy at the Niskanen Center, does not like the tax bill just passed by Congress.
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| Trump likely to sign tax bill Friday President Donald Trump will likely sign the $1.5 trillion tax bill into law Friday, White House officials predict, shortly before he departs Washington for his holiday vacation in West Palm Beach, Florida.
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| Awkward: NBC/MSNBC journos getting bonuses because of GOP tax plan **Written by Doug Powers. I can't wait to see how the lib media manage to spin this story as evidence of more cruelty, death, destruction and "Armageddon" the GOP tax plan hath wrought: JUST IN: Comcast to give $1,000 bonuses to more than 100K "eligible frontline and non-executive employees" ...
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| US Tax Reform The maximum corporate tax rate is reduced from 35% to 21%,. • effective for taxable years beginning after December 31, 2017, and with no sunset provision. State and Local Tax Deduction for Property and Income/Sales Taxes. Individuals may deduct. • state and local property taxes and either income or ...
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| Cramer lists the winners and losers of the GOP tax overhaul "What exactly does it mean to 'fit the profile?' It means the company has to be a direct beneficiary of the new tax law and it needs to come from a cohort that's under-loved by Wall Street," the "Mad Money" host said on Wednesday. Winners. Cramer started by looking at Nucor, a steel producer with a stock ...
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| Hold Your MoC Accountable for Voting for the Trump Tax Scam Nearly every Republican in the House and Senate voted for the Trump Tax Scam every time it came to the floor (you can see if your MoC voted for the final version here). They need to hear that you know how they voted, and that you are NOT happy: Call your MoC and tell them you're angry they voted ...
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| VITA & United Way FREE Income Tax Assistance VITA & United Way FREE Income Tax Assistance. The Volunteer Income Tax Assistance (VITA) program offers FREE tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance with preparing their own tax returns.
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| Who Feels the Tax Sting Now that the massive new tax bill has passed, I thought I'd do a little experiment with a spreadsheet to see how a hypothetical Silicon Valley, California earner might be affected. I was sure his tax bill would be higher, but I am surprised at how much higher.I wouldn't be surprised if some people decided ...
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| Unintended Consequences 101: Tax Scheme Ignites Global Tax War Before Donald Trump has signed the new tax law, there are already troubling signs that it is the first shot in a global tax war that threatens working people and the public pensions plans that sustain them in old age. The Trump bill, which reads like a wish list for Goldman Sachs and its clients, has already ...
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| (Mis)Statements About Tax Reform With the passage of the Tax Cut And Jobs Act on Wednesday, I wanted to address a few of the questions and misinformation currently circulating about the impact of tax cuts on the U.S. economy.
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| Commercial register and tax administration If you want to start a business, you need to be registered with the Netherlands Chamber of Commerce (KvK) and the Dutch Tax and Customs Administration. This page offers information on how to go about doing this. To know what fiscal information you will need to register with the Netherlands Chamber ...
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| Tax Reform Rolls Out MASSIVE Benefits for "Low Level" Workers. Here's How… We have a breakdown of tax cuts for low-level jobs. Cashiers, fast food workers, janitors, and many more can look forward to big savings in taxes.
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| Wine Excise Taxes Cut as House and Senate Pass Tax Reform Legislation The U.S. Senate joined the House last night in passing sweeping legislation to rewrite the tax code, and though the The House will be taking a second vote today, the White House is expected to celebrate the tax bill's passage later today, as it's nearly a done deal. The legislation includes a significant ...
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Even CNN Admits: GOP Tax Reform is 'Damn Good Money' But in the network's defense, it's not like there aren't some moments of clarity. Like last night. While the left was melting down (see HuffPo Writer Makes Tax Reform About Race. Senator Tim Scott Shuts Him Down! and Rosie O'Donnell Offers Bribes to Senators in Desperate Fight Against Tax Reform), ...
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Uh Oh! Rachel Maddow Caught BLATANTLY Misleading Viewers on Tax Cuts Rachel Maddow flat out misled her viewers on the new GOP tax cuts, saying they'd be paying more when 80% will pay less...
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| Instead of Boosting Working-Family Tax Credit, GOP Tax Bill Erodes It Over Time The Republican tax bill not only squanders an important opportunity to help working families by strengthening the Earned Income Tax Credit (EITC), but it also permanently erodes the EITC's value over time by adopting a different measure for adjusting tax brackets and certain tax provisions each year to ...
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| Statement from UAW President Dennis Williams on passage of the Republican tax bill Yesterday was a sad day for our country and for working families. The Republican Controlled Congress ignored the voices of their constituents, including tens of thousands of UAW members and retirees, to deliver tax cuts to the wealthy and corporations that American workers and their families will feel ...
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| New Progressive Strategy: Telling Half-Truths About Corporate Tax Reform As corporate tax reform gets ever-closer to becoming a reality, opponents are shifting their strategy. Rather than asserting that "tax reform cannot be a cover story for delivering tax cuts to the wealthiest," they will soon turn to "proving" that tax cuts benefit the rich at the expense of the rest of us, to use in ...
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| Ivanka Trump tries to boost tax scam, shows off her privileged ignorance instead "You can file with the EZ form, but it's probably not in your best interest," Mark Steber, chief tax officer at Jackson Hewitt Tax Service, a tax preparatory company, told NBC News. "I do not envision a scenario where our society is so simple and so standardized that ... 100 million plus Americans will pay a ...
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| Watch: Sen. Tim Scott Cuts Tie of Legislative Director Over Tax Reform Scott held a tie-cutting ceremony with his Legislative Director, Charles Cogar, whom he said has worn the same tie every day for over a month in an effort to keep eyes on the prize of tax reform. Watch: Had a little ceremony in the office this afternoon…my Legislative Director has worn his "tax tie" every ...
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| You Cannot Be Too Cynical About the Republican Tax Bill Sadly they are just gonna raise taxes on the people in this bill that don't grtuch benefit but are still hated by everyone else for being 'rich' high salaried workers always get fucked the hardest by taxes and they don't have enough money to lobby congress like the banks do. Meanwhile the Democrats will ...
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| Five Thoughts About the Tax Bill Here are five thoughts about the tax bill: they are from big-picture economic analysis. Later today or tomorrow, I'll post on how I plan to adjust my behavior before December 31, 2017 in response to the tax bill. 1. How economists judge tax cuts. Economists across the political spectrum, to their credit, ...
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