#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.bankrate.com

4 months ago

Information security

What will happen to Social Security under Trump's tax plan?

Trump's proposal to eliminate taxes on Social Security may benefit higher earners but risks deepening the program's financial issues.

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.

Miscellaneous

I'm 55 with $2.5 million in Apple stock that I bought 30 years ago and now it's all capital gains - can I use these funds for the first 5 years of my retirement?

Effective capital gains tax management is crucial for retirees to maintain income without triggering higher taxes.

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.

Miscellaneous

I'm 55 with $2.5 million in Apple stock that I bought 30 years ago and now it's all capital gains - can I use these funds for the first 5 years of my retirement?

Effective capital gains tax management is crucial for retirees to maintain income without triggering higher taxes.

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.

1 week 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.

3 days ago

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.

4 months ago

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.

1 week 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.

3 days ago

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.

4 months ago

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

3 weeks ago

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.

frombrooklyneagle.com

4 weeks ago

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.

#taxation

fromBrooklyn Eagle

8 months ago

Business

Premium Content: How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Texas is a low-tax state without income tax, but residents pay high property taxes. States have the power to tax residents based on their laws and protections.

EU data protection

Tax relief and marriage: How do you apply, how much can you save and are you entitled to a refund?

Joint assessment for income tax can offer advantages in Ireland.

Individuals must consider if filing jointly or separately is better for their financial situation.

fromBrooklyn Eagle

8 months ago

Business

Premium Content: How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Texas is a low-tax state without income tax, but residents pay high property taxes. States have the power to tax residents based on their laws and protections.

EU data protection

Tax relief and marriage: How do you apply, how much can you save and are you entitled to a refund?

Joint assessment for income tax can offer advantages in Ireland.

Individuals must consider if filing jointly or separately is better for their financial situation.

more#taxation

fromThe Local France

France politics

French authorities announce opening date for 2025 tax declarations

French tax declaration for 2024 opens on April 10, 2025.

#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.

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.

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.

#business

fromNew York Post

NYC politics

Gov. Hochul tells NY biz leaders 'I want you to stay here' as she promises not to raise income taxes in 2025

Gov. Kathy Hochul promises no income tax increase in 2025 to retain and support businesses in New York.

fromShopify

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.

fromNew York Post

NYC politics

Gov. Hochul tells NY biz leaders 'I want you to stay here' as she promises not to raise income taxes in 2025

Gov. Kathy Hochul promises no income tax increase in 2025 to retain and support businesses in New York.

fromShopify

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.

more#business

#economic-growth

fromwww.aljazeera.com

Business

India's budget gives tax relief to middle class to boost spending, growth

India's new budget emphasizes tax cuts for the middle class to stimulate economic growth and consumer demand.

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.

fromwww.aljazeera.com

Business

India's budget gives tax relief to middle class to boost spending, growth

India's new budget emphasizes tax cuts for the middle class to stimulate economic growth and consumer demand.

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.

more#economic-growth

#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.

Like Trump, California lawmakers want to end taxes on tips. Does it have a chance?

California lawmakers are proposing to end state income taxes on tips to provide relief to working-class Americans.

Miscellaneous

How you can slash your tax bill by putting family members on the farm payroll

Employing family members on a farm can lead to substantial tax savings.

Children can earn up to €10,000 tax-free due to the new single person's tax credit.

#tax-policy

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.

fromwww.theguardian.com

11 months ago

Business

Six-year income tax threshold squeeze to last until 2028, says UK chancellor

Jeremy Hunt confirms six-year income tax threshold freeze until 2028 might lead to tax rise regardless of election outcome.

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.

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.

fromwww.theguardian.com

11 months ago

Business

Six-year income tax threshold squeeze to last until 2028, says UK chancellor

Jeremy Hunt confirms six-year income tax threshold freeze until 2028 might lead to tax rise regardless of election outcome.

fromwww.independent.co.uk

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.

more#tax-policy

Business

How Labour could push through stealth' income tax rise at the Budget

Labour's budget may involve a controversial extension of a tax measure that critics call a 'stealth tax' affecting working people.

Miscellaneous

Londoners contribute the most tax in the UK - London Business News | Londonlovesbusiness.com

Kensington & Chelsea, Westminster, and other London boroughs contribute the highest income tax in the UK, reflecting economic disparity.

Miscellaneous

Warning issued for Self-Assessment tax return deadline - London Business News | Londonlovesbusiness.com

Missing the Self-Assessment tax return deadline can incur significant penalties, highlighting the importance of timely submission.

fromwww.thelocal.de