Biden will expose income above $400,000 to the 12.4% Social Security tax.
More than 100,000 residents are potentially affected by the income tax levied by New Hampshire’s neighbor.
New Hampshire asked the U.S. Supreme Court on Monday to strike down a regulation that requires roughly 80,000 of its residents who are employed by Massachusetts companies to pay income taxes in the neighboring state while they work from home during the coronavirus pandemic.
Many companies have relocated their headquarters from California throughout recent years.
The 39-count indictment unsealed Thursday charges Brockman, the chief executive officer of Ohio-based software company Reynolds and Reynolds Co., with tax evasion, wire fraud, money laundering, and other offenses.
For Americans who requested a tax deadline extension earlier this year, Thursday marks the final day to file 2019 income returns without a financial penalty.
Higher-income households would experience 'substantial' tax increases.
Democratic presidential candidate Joe Biden has promised not to raise taxes on anyone making less than $400,000 a year, and while his proposed income tax changes wouldn't touch anyone under that threshold, his proposal to raise the corporate tax rate from 21% to 28% would result in modest tax increases for all Americans, according to a new analysis by the American Enterprise Institute.
President Trump reiterated a pledge to continue lowering taxes if he wins reelection against Democratic challenger Joe Biden on Nov. 3, saying in remarks to the Economic Club of New York that he would reduce rates for middle-income Americans and corporations.
Seattle’s once-booming economy is struggling because of the coronavirus pandemic. This problem is not unique. But unlike other cities, Seattle’s tax-addicted progressive leaders are recklessly increasing taxes at a time when businesses and individuals can least afford them. This will kill the Emerald City.
The IRS placed a $45,000 lien against Baltimore prosecutor Marilyn Mosby and her Husband Nick Mosby -- a Democratic nominee for City Council president -- after it was discovered they had three years of unpaid federal taxes, according to official records.
Gov. Wolf indicated the industry is an untapped revenue stream, ripe for taxation.
“It's a lie” that Democratic presidential nominee Joe Biden's plans to reverse President Trump's tax cuts would only impact those making more than $400,000, White House press secretary Kayleigh McEnany told “Mornings with Maria” on Tuesday.
The prospect of a Democratic sweep in next month’s elections is helping to push U.S. government-bond yields higher, stirring memories of four years ago when yields climbed sharply after a Republican victory.
Taxes aren’t quite the certainty they once seemed to Benjamin Franklin.
An application for tax subsidies was denied on Monday.
Cost of living adjustments are implemented in order to counteract the effects of inflation.
If elected, Democratic presidential nominee Joe Biden would repeal President Trump’s tax cuts and raise taxes by the “largest percentage” in the country’s history, the president warned Thursday night.
A report released on Wednesday by the Committee for a Responsible Federal Budget (CRFB) estimates that Democratic presidential nominee Joe Biden's proposed policies would increase taxes by about $4.3 trillion over 10 years while President Trump's would decrease tax revenue for the government by about $1.7 trillion, even as Biden's overall fiscal agenda would likely increase the federal deficit slightly more than Trump's.
If convicted, McAfee faces up to five years in prison on each count of tax evasion and up to one year in prison on each count of willful failure to file a tax return.