Taxes

New Gop Ad Falsely Claims Climate Change Plan Will Result In 'hurricane Tax' For Texans

A new American Action Network ad invokes climate-fueled storms while calling a bill that addresses them a 'socialist wish list.' A new ad from a right-wing dark money group invokes the names of three recent hurricanes that caused massive flooding in...
Related topics: Hurricanes

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Breaking News: Unrealized Capital Gains Are Not Taxed

University of Michigan economist Justin Wolfers tweets: Stunning new estimates suggest that the 400 wealthiest American families paid an average Federal tax rate of only 8.2%. Wow, I thought. That is stunning. It’s true that a large percent of...

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Hanover Insurance (thg) Projects Q3 Cat Loss Of $119m-$130m

The Hanover Insurance Group, Inc. THG estimates third-quarter catastrophe loss of $150-$165 million pre-tax or $119-$130 million after taxes. The loss is expected to primarily stem from Hurricane Ida.Losses from Hurricane Ida are estimated to be $75...
Related topics: Hurricanes

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Senate And House Reach ‘framework’ Deal On Taxes

Senate Majority Leader Charles Schumer (D-NY) announced that the Senate, House and White House have reached a deal on a “framework” to pay for the massive human infrastructure spending package they hope to pass this fall under budget...
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Billionaires Paid Just 8.2% In Taxes

“The wealthiest 400 families in the United States are paying an average income tax rate of just 8.2%, according to a new analysis from the Biden administration,” CBS News reports.
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Did Trump Just Admit In His Lawsuit That The Original Nyt's Report On His Taxes Is Actually True?

Former President Donald Trump announced this week that he would be suing his niece Dr. Mary Trump, the New York Times and some of its reporters for "stealing" his personal tax documents. But as Business Insider explains, it wasn't that long ago that...
Related topics: Donald Trump, Lawsuits

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Irs Unemployment Refund: Waiting For Direct Deposit Or Paper Check? Your Tax Return Could Be Flagged

Payments were supposed to continue through the summer, but hundreds of thousands of returns have been held for review and are awaiting processing. After several weeks of radio silence, we’re finally getting some clarity from the Internal...
Related topics: IRS, Unemployment

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White House: 400 Wealthiest Families Paid Average Tax Rate Of 8.2 Percent

The White House released an analysis on Thursday estimating that the 400 wealthiest American families paid an average federal income tax rate of only 8.2 percent on $1.8 trillion of income from 2010 to 2018."Two factors that contribute to this...
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The Real Reason For The Mess On Capitol Hill

Dan Pfieffer: “Stop looking for someone to blame and look for something to blame. In one fell swoop, Democrats are trying to rebuild our roads and bridges, unrig the tax code, lift millions out of poverty, address climate change, create jobs,...

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Trump Appeared To Admit In A Lawsuit That Nyt Report On His Taxes - Which His Lawyer Had Dismissed...

President Donald Trump at the White House in October 2018. Win McNamee/Getty Images Donald Trump's attorney in 2018 disputed the accuracy of aspects of the NYT expose on his taxes. A new lawsuit makes no arguments on accuracy, instead...
Related topics: Donald Trump, Lawsuits, White House

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Millionaires To Congress: Tax Us!

The group Patriotic Millionaires says unless the advantages the rich enjoy change, inequality and social unrest will only continue to increase in America. A nonpartisan group of high-net-worth Americans has issued an open letter to Congress urging a...

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Here's Why Reits Make Such Great Retirement Investments

Real estate investment trusts, or REITs, have a tax structure that can complicate your brokerage account, unless your brokerage account is an IRA. In this Fool Live video clip, recorded on Sept. 3, Millionacres senior real estate specialist Matt...
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Infosys Admits It Still Hasn't Fully Fixed Indian Tax Portal

Deadline came and went, but over 750 'resources' are still hard at work Infosys has admitted it has missed the Indian government's deadline to fix the tax portal it built, but which has been a glitchy mess since its June 2021 launch.…
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Illinois Gop Candidate Blames $3,200 Unpaid California Tax Bill On 'paperwork Error'

On Wednesday, the Chicago Sun-Times reported that Jesse Sullivan, a Republican candidate for governor of Illinois, has a nonprofit that owes thousands of dollars in unpaid taxes — but not in Illinois. "One nonprofit entity created by Republican...

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Trump Admits In Suit Against His Niece That The Ny Times Story On His Taxes — Which He Previously...

Alex Wong/Getty Images Donald Trump, by seeking $100 million in damages from Mary Trump and the New York Times, is admitting that the paper’s reporting on his taxes, which he previously called “fake news,” was actually real. On...
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Democrats Love Tax Cuts For The Rich

"Tax the rich!" they declare on the campaign trail and the social scene. But when it comes to legislating, Democrats show they don't really mean it. washingtonexaminer.com/blogs/beltway-confidential

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‘pay Your Fair Share’ Taxation Isn’t About Actual Fairness

President Joe Biden this week attempted to inject life into his ailing presidency by dragging out of the closet the hoariest of political cliches: “fairness” in taxation. Touting his new $3.5 trillion tax-and-spending bill, which...
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North Dakotans Shouldn’t Have To Subsidize Minnesota’s High Taxes

MINOT, N.D. — The Democrats have become the party of the rich. “Democrats represented 65% of taxpayers with a household income of $500,000 or more in 2020, according to IRS data, while 74% of taxpayers in Republican districts have...
Related topics: IRS

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Senate Confirms Biden Nominee For Top Treasury Tax Position

The Senate voted on Wednesday to confirm President Biden’s nominee Lily Batchelder to serve as assistant secretary for tax policy in the Treasury Department.The upper chamber voted 64-34 to confirm Batchelder, a law professor at New York...
Related topics: Senate, Joe Biden

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'enough Is Enough': Report Shows Big Oil's Offshore Tax Loopholes Cost Us At Least $86 Billion Per...

'Enough Is Enough': Report Shows Big Oil's Offshore Tax Loopholes Cost US at Least $86 Billion Per Year Kenny Stancil kenny Sep 22, 2021 "We continue to bankroll the very fossil fuel companies...

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