Saturday, March 24, 2018

Google Alert - tax

Google
tax
Daily update March 24, 2018
NEWS
The Bronx-bred rapper reveals that 40 percent of her income goes to taxes in a video posted to Instagram that immediately began going viral. Yet city streets are still dirty, she points out, while subways are rat-infested and prisoners live in sordid conditions. Taking all this into account, Cardi has one ...
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It's that time of year: tax season. If you're a business owner, taxes are one of the most critical issues you face, but this year, tax season feels even more cumbersome. With the enactment of President Trump's Tax Cuts and Jobs Act, you may be questioning the new plan and its impact on your bottom line.
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Colorado on Friday designated 126 census tracts as "opportunity zones" where investors can reduce and eventually avoid any federal capital gains generated from investments made there. "Zones are in a number of different communities, and in almost every county," said Jeff Kraft, who helped guide the ...
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State income or sales tax. Taxpayers who itemize deductions can choose to deduct either their state income or state sales tax payments. While state income tax may provide the bigger deduction for many people, Paul T. Joseph, an attorney and CPA in Williamston, Michigan, says a sales tax deduction ...
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These points are going to be butting heads at the ballot box this year, if the opponents of the recent gas- and vehicle-tax hikes have their way. They've been collecting signatures to place a measure on November's ballot repealing the tax increases, which were enacted last year and have been going into ...
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Every taxpayer is responsible for the accuracy of his or her own tax returns — even if they used a paid preparer. The Internal Revenue Service says most tax preparation professionals are good actors, but scammers deceive taxpayers every year. A 2017 Census Bureau paper showed low-income ...
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22, 2017, before leaving for Christmas break, President Donald Trump signed the Republican tax bill into law. The passing of the bill — introduced as the Tax Cuts and Jobs Act — was a major legislative victory for Trump and the Republican-controlled Congress. On Jan. 1, the new tax code went into ...
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There was less unanimity on the tax regime for intellectual property, offering a tax advantage to companies according to their scope of research and development activities. CSV MPs abstained from Thursday's vote, while two dei Lénk MPs voted against. The law aims to create a stricter tax regime and ...
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Tax refunds often happen when people have too much tax withheld from their paychecks over the course of the year. If, for example, your employer withholds $400 from your pay twice a month, you'll have paid $9,600 in taxes by the end year. When you prepare your tax return in April and it turns out your ...
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Before you hand in your tax return to the IRS, be sure to go over your receipts: You could miss out on key tax deductions and credits that are about to go extinct. That's because the Tax Cuts and Jobs Act went into effect at the beginning of this year and overhauled the tax code, doubling the standard ...
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State policymakers are grappling with the impact of the recent tax overhaul. One new provision allows annual withdrawals of $10,000 per student in 529 college savings plans—historically designed for postsecondary education expenses—to be used to pay for K-12 private school tuition. Unsurprisingly ...
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Cuomo's $162 billion state budget proposal includes the Internet Fairness Conformity Tax, which would require large online marketplaces like Amazon Marketplace and eBay to collect sales tax on any sales between New York-based buyers and third-party sellers. County leaders from across the state ...
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Those of us who oppose the 30 cent plus tax that Governor Jerry Brown and the California legislature passed last year have reached our moment of truth. Yes, it is true that California has become the Fool's Gold State—and because of our so-called "Jungle Primary" we appear to be poised to enter an ...
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The main proposal is to tax all businesses that have revenue over $10 million per year (or some lower threshold), with the tax amount being a fixed amount per employee. (It's also proposed that smaller businesses might pay a lower tax per employee and very small employers might pay a much smaller ...
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Doctors and nurses working for the NHS are entering dubious tax avoidance schemes due to changes to the way they are paid. Following a series of revelations relating to the tax affairs of the BBC and its presenters, employment experts have warned that the NHS is a "ticking time bomb" and that locum ...
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The Consolidated Appropriations Act, 2018, H.R. 1625, which is the $1.3 trillion spending bill that Congress passed on Friday, contains a few tax-related provisions, including funding for the IRS and technical corrections to various recent pieces of tax legislation. It also amends the centralized partnership ...
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Q. I'm 67 and retiring this year. My understanding is that because of the new standard deduction, giving to charity out of an IRA is going to be smarter for retirees. Is that right? — Pete in Bakersfield. A. Pete, that's mostly right. The larger standard deduction means fewer people will itemize and that will ...
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As the income tax season is coming close, Americans are gearing up for tax payments and returns filing. It is also the time to start the work for maintaining fresh records for the next financial year. (See also, What are the different ways I can file my income tax return?) Amid all the developments, ...
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This classification allowed them to defer capital gains taxes because they were reinvesting profits into a similar "property" by acquiring another player. The provision, as a whole, applied to some real estate, manufacturing equipment and business exchanges. But the Tax Cuts and Jobs Act repealed ...
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CLEVELAND, Ohio - A new state tax credit being considered by the General Assembly appears tailor-made for a downtown Cleveland project - the high-rise nuCLEus development in the Gateway District. House Bill 469 would create a tax credit for "transformational mixed-use developments" with ...
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Colleges hauled in record donations last year, but the new tax law could affect alumni's interest in donating to their alma mater. Several provisions in the new tax law "suggest Congress is looking to nonprofit institutions in ways they never have before" as a source of revenue, says Peter Fissinger, chief ...
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Going to a restaurant in Somalia has become more expensive, and customers don't like it. They're angry at the government imposing a five percent sales tax, the first for nearly thirty years. The tax is a key condition of the International Monetary Fund to relieve Somalia's debts. Al Jazeera's Mohammed ...
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He would call his mother, Schosche Mucsarney, or girlfriend, Sherry Charleston, and have them run errands for him. At his beck and call they set up fictitious companies through the Georgia Secretary of State's Office and filed false corporate income tax returns between 2010 and 2015, court records say.
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BOSTON (AP) — The Massachusetts House has passed a bill that would tax short-term rentals, including those made available through online platforms such as Airbnb. The bill approved Thursday by House lawmakers would impose a 4 percent state tax on rentals by individuals who offer no more than ...
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For years, tax humor connoisseur Robert McKenzie, a partner at Chicago law firm Saul Ewing Arnstein & Lehr, has been amassing a vast collection of jokes, gags, anecdotes, quips and bon mots about taxes ... To help lighten your busy tax season, here's a selection of some of the best of his collection.
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"We have a lot of clients who ask us about tax brackets, and how do they know which one they fit into, and honestly it's very confusing," she said. "We tell people, don't stress out about the tax brackets when you go to file, just make sure you're having taxes withheld or you're paying regularly and it'll all ...
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In a 2016 order that reverberated across the Atlantic, the European Commission, the EU's executive arm, slapped Apple with the bill, saying Ireland had granted unfair deals that reduced the company's effective corporate tax rate. While Apple and Ireland appeal the decision, regulators demanded that ...
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Of those spending their tax refunds, 62% will put theirs toward paying down existing debt, and 36% will use their money to pay for everyday expenses. While the folks at finance site NerdWallet say that average tax refund could pay for a new transmission ($2,650), hot water heater ($1,944), home ...
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When the U.S. corporate tax rate tumbled from 35 percent to 21 percent following last year's passage of the Tax Cuts and Jobs Act, companies of all sizes welcomed the windfall. More than a few one-off bonuses and minimum-wage increases cheered employees, along with the sudden prospect of less ...
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Tax reform was the main reason why the bottom line grew so much before adjustments. Revaluation of deferred tax assets and liabilities helped to boost GAAP earnings by $1.59 per share, or about $175 million. Yet Cintas also saw solid gains from its business operations. Organic growth of 8% was ...
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A proposal to let Louisiana's legislative auditor see people's state income tax returns to check Medicaid eligibility sparked strong disagreements Wednesday among House lawmakers over whether the proposal unfairly targets the poor. Supporters, who are largely Republican, describe the proposal as ...
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Master limited partnerships have been a popular investment vehicle among energy investors for a long time. MLPs tend to have high income yields, and they have the tax advantages of pass-through treatment rather than getting hit with a second set of taxes at the corporate level. Ordinarily, the tax ...
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BURLINGTON, Vt. (WCAX) There's less than a month left until state and federal taxes are due. Luckily, taxpayers have access to free help. People who earn less than $54,000 a year can participate in the Volunteer Income Tax Assistance Program. VITA volunteers across the state are still taking ...
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Have you filed your taxes yet? If not, you better hurry -- April 17 is just around the corner. With the new Tax Cuts and Jobs Act that was put in place last year, taxes might seem a little scarier than usual, especially for small businesses. However, there's no need to stress. Payroll and HR solutions service ...
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But as well as proposing a hard-to-criticise measure that will limit their intra-EU tax minimisation strategies it is also proposing a special digital turnover tax that will punish productivity, penalise European consumers, and slow Europe's progress towards the Digital Single Market. Europe's finance ...
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Changes mandated by the sweeping Republican-backed tax bill passed in Dec. 2017 likely reduce the tax incentive for some mid-level donors to give to Harvard—nonetheless, higher education experts say the bill's ultimate impact on charitable giving is hard to predict. When filing their taxes, Americans ...
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Universal Orlando Resorts received a $1.54 million tax refund this week after it reached a settlement with Orange County Property Appraiser Rick Singh that ended litigation disputing the value of its parking garages, according to the tax collector's office. The tax refund was for money Universal paid on ...
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Last year's tax reform laws made huge changes to key provisions of the tax code. Substantial rate reductions were included in the final version of the bill, and its provisions expanded certain tax breaks while eliminating or restricting others. Although many taxpayers focused mostly on the big-headline ...
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QFC admits it charged customers at its Edmonds store too much sales tax. The issue was uncovered by a keen-eyed customer. Charles Hunter never paid much attention to his supermarket receipts until one looked a bit suspect. "It was just one item that we purchased and it was clearly over 10 percent, ...
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The data breach did not include taxpayers' bank account information, because the files were related to a list of individuals who paid their taxes using checks and turned out to have insufficient funds. "It is a bit puzzling why it was this specific information," Krawczyk said. The tax agency may require ...
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Vt. House approves income tax surcharge, Scott threatens veto. By Neal Goswami |. Posted: Fri 9:23 ... The House approved legislation this week that adds an income tax surcharge. It would raise about $60 million. Property taxes would be lowered by the same amount. Democratic leaders in the House ...
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Gov. Rick Scott signed 74 bills into law Friday, including a tax-cut package, a measure that declares the Legislature's intent to observe daylight saving time year-round and a bill that prevents most minors from getting married. The tax package (HB 7087), which totals about $171 million in tax and fee cuts, ...
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HARTFORD — A group of business heads has produced a plan they said would grow the state's economy by 3 percent and raise the minimum wage to $15 an hour — helped, in part, by increased gas and payroll taxes, highway tolls and tighter union bargaining rules among other changes.
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The Linn County Board of Commissioners this week agreed to study the possibility of initiating a transient lodging tax to help fund the Linn County ... It's unusual territory for the commissioners, Roger Nyquist, John Lindsey and Will Tucker: They rarely give much weight to the subject of adding new taxes.
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The Republican-controlled state Senate voted along party lines Friday to repeal Colorado's tax credits for electric vehicles in a move that Democrats bemoan as putting the environment at risk but which the GOP says is a luxury that favors rich people who don't need it. Senate Bill 47 passed by a vote of ...
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Rapper DMX should spend five years in federal lockup for tax fraud to prove that celebrity doesn't mean a "free pass," prosecutors argued in court papers Friday. DMX, whose real name is Earl Simmons, pleaded guilty in November to a $1.7 million tax fraud. The 47-year-old "Party Up" performer hid ...
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The business community of Seattle is united as we urge the City Council to reject a call from their "Progressive Revenue Task Force" for $150 million a year in new taxes for housing and homeless services. If the council's past actions are any indication, this added money will also fail to resolve our city's ...
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Meredith Corp. received nearly half a million dollars in Iowa tax incentives to help fund a $20 million office update and the creation of at least 41 new jobs at its Des Moines headquarters. Des Moines-based Meredith purchased Time Inc. in January for $2.8 billion and continues integrating the New ...
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Unfortunately, controversy and personal conflicts in the debate about raising Dallas school taxes have obscured the fact that a tax ratification election may be the only way to avert fiscal disaster. The Texas Legislature is severely underfunding public education throughout our state. We currently rank 38th ...
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The reason the issue is coming before the Supreme Court is because of litigation over a South Dakota state law that requires many out-of-state online sellers to collect and remit sales tax when they sell to South Dakota customers. It's long been suspected that South Dakota state and local governments ...
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WEB
It's Tax Season And Cardi B Is Pissed
Taxes are due in less than a month (April 17th, two days later than usual), and for many people who might be reading this, that means a refund! But for those lucky enough to earn enough to fall within the top tax brackets, tax season brings an ugly bill at the end of the year. Cardi B, who found viral fame ...
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Are the Tax Cuts Working?
If anyone took the rationale for the Republican tax cuts seriously, the key measure is investment. The promise was that lower corporate tax rates would provide a huge incentive for investment, causing the capital stock to increase by roughly one-third over its baseline growth path within a decade.
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Reports
2017, Research Activities Tax Credit Annual Report for the Period January 1 - December 31, 2017. 2016, Research Activities Tax Credit Annual Report for the Period January 1 - December 31, 2016. 2015, Research Activities Tax Credit Annual Report for the Period January 1 - December 31, 2015.
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Town Departments
Visit our Town Departments for more information. • Accountant • Assessors • Building Inspector • Electrical Inspector • Fire Department • Hazardous Waste • Highway Department • Library. • Plumbing & Gas Inspector • Police Department • Selectboard • Tax Collector • Town Administrator • Town Clerk
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Change in the Definition of "Resident" for Massachusetts Income Tax
Personal Income Tax I. Introduction The Massachusetts Legislature recently enacted Chapter 38 of the Acts of 1995 which, among other things, modifies the definition of "resident" found in General Laws Chapter 62, section 1(f). The purpose of this Technical Information Release ("TIR") is to explain the ...
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Property Assessment Search | Tangi Assessor
Computer Mapping Exemptions Millage Rates Personal Property Ratios Re-Assessment Tax Calculations Wards · Assessment Search · GIS · Forms · Change of Mailing Address LAT Forms Use Value Application · Reports · Books and Pages Worked Grand Recapitulation Land Sale History Top 10 ...
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Richard O'Donnell Property Tax Consultant
Richard O'Donnell knows the business of assessing property equitably. He has a deep understanding of the process and the perspectives of homeowners and local municipalities. It is this experience and expertise that makes us uniquely qualified to help you.
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Tax Efficient Tactical Asset Allocation
New to Tactical Asset Allocation? Learn more: What is TAA? In our previous post, we looked at the tax impact of TAA for investors trading in taxable accounts. Using our database of more than 40 published TAA models we concluded that, while TAA as a whole has been relatively tax efficient, the ...
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CONTACT US
DWT TAX SOLUTIONS INC. Your Personal Tax Professional. 440 Benmar Dr, Suite #3310. Houston, Texas 77060. Phone: 281-448-1313. 2626 South Loop West, Suite #615. Houston, Texas 77054. Phone: 832-623-0066. E-mail: dwthomas@dwttax.com. Name. E-mail. Subject. Message. 281-448-1313.
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Tax Content Analyst 2
Come join the Consumer Tax Groups Tax Team as a Tax Content Analyst 2 whose job is to update our products for tax law changes and deep tax law analysis, all while working with a great group of people. Developing requirements…
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Cowlitz Assessor Parcel Search
I acknowledge and agree to the prohibitions listed in RCW 42.56.070(9) against releasing and/or using lists of individuals for commercial purposes. Neither Cowlitz County nor the Assessor/Treasurer warrants the accuracy, reliability or timeliness of any information in this system, and shall not be held ...
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K-1s and Tax information
Tax Reporting Information. Each March, investors of record receive Substitute Schedule K-1s (Tax Packages) that summarize their allocated shares of AmeriGas Partners L.P. reportable tax items for its tax year. For Investor K1s ...
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Watch Michael Angelo Batio Shred... Tax Returns
As part of H&R Block's initiative to remind American taxpayers that it's wise to dispose of tax documents (and other records with personal information on them) after seven years — and that it's best to do so by using a paper shredder to all but eliminate the possibility personal information is stolen ...
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Flangan Mailer Touts Opposition To State Tax Hikes
A tipster this week sent over mailer being sent out in Senate Majority Leader John Flanagan's Suffolk County district that highlights his opposition to the $1 billion in proposed tax and fee increases in the budget. The mailer implores voters to help "stop the money grab" in Albany in the budget. Gov.
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Tax Strategies for Business Owners
Tax Planning For Small Business Owners 7 Biggest Misconceptions Business Owners Have About Their Returns Travel and Entertainment: Maximizing the Tax Benefits 7 Ways To Save Even More Income Taxes The Home Office Deduction Turn your Vacation Into a Tax Deduction Form of Business ...
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Abel & Associates LLC
Abel & Acssociates LLC is a full service tax, accounting and business consulting firm located in Potomac, MD.
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What Tax Reform Means for Healthcare Entities: Non-Profit
On Dec. 22, 2017, President Trump signed sweeping tax reform, formerly known as the Tax Cuts and Jobs Act, into law, marking the largest change to U.S. tax policy in decades. What changes are coming for healthcare companies? To help organizations navigate the issues most impactful and urgent to ...
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Tax Senior (International Tax)
Align global effective tax rate reduction and efficient global cash utilization with overall business strategy. Help multinational clients integrate tax planning into their overall business strategy and comply with both U.S. and international regulatory requirements. Assist companies with international ...
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California Shouldn't Double Its Corporate Tax Rate
California Shouldn't Double Its Corporate Tax Rate. by Thomas Aiello / March 22, 2018 / share: PDF. March 22, 2018. The Honorable Anthony Rendon. Speaker of the Assembly. State Capitol, Room 219. Sacramento, CA 95814. The Honorable Ian Calderon. Majority Leader. State Capitol. Sacramento ...
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Tax
Tax is more than a mid-April issue to most businesses, it's a bottom-line concern. Tonkon Torp's tax clients include closely held businesses as well as international industry leaders. We help clients structure their businesses and transactions to minimize tax liability while ensuring compliance with local, ...
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How To Make Filing Your Taxes As Stress-Free As Possible
But Tax Day and the weeks leading up don't have to be terrible. In fact, depending on your situation, tax season can actually mean you're reclaiming some of the dough you shelled out during the year, which is very awesome. It's also worth remembering that, while seeing your tax dollars very nearly ...
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Child tax credit, sales tax holiday pass final legislative tests, await Gov. Walker's signature
That was the line of the day Thursday as Wisconsin state lawmakers finished up some business in Madison. The quote comes from state rep. Katrina Shankland (right). The Democrat is irked that Republicans were pushing through a tax rebate for parents rather than use $122 million of a state surplus to ...
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