Several Democrat-run states, including California and New York, have seen proposals to increase taxes on the highest earners. While these are unpopular with those affected, most Americans support them. Tax the rich In January, California assemblymember Alex Lee proposed a bill to tax the “extremely wealthy.” People worth over $50 million would be taxed at…
Homeowners in Hamilton County, Ohio, are facing a daunting reality: a more than twofold increase in property taxes over the past six months. Property Tax Shock WXIX in Cincinnati reveals that property taxes for several homeowners in the county have skyrocketed by nearly 500 percent, pushing many to the brink as they struggle to meet…
Several Democrat-run states, including California and New York, have seen proposals to increase taxes on the highest earners. While these are unpopular with those affected, most Americans support them. Tax the rich Earlier this month, California assemblymember Alex Lee proposed a bill to tax the “extremely wealthy.” People worth over $50 million would be taxed…
You’ve set a goal to file your taxes on time this year. Unfortunately, you’ve procrastinated too long, and it’s tax day, and you don’t have your taxes done yet. With the past deadline, you’ve considered not filing your taxes and hoping you don’t get audited. However, that might not be the best plan. If you…
Do you pay taxes for Patreon earnings? Patreon is a website for online creators and artists. If you create content such as podcasts, music, or articles, then you can join Patreon and have your fanbase pay a monthly subscription to view your content. But do you have to pay taxes on the money you earn?…
Curious about what happens if you don’t pay your taxes? Read on to learn what the IRS can – and will – do to people who commit tax evasion.
If you run your own business, it’s almost a guarantee that at some stage you’ll have to pay some sort of tax. With numerous and seemingly complicated tax laws in the United Kingdom currently, it can be hard to know precisely which ones are for you or your company, and what tax forms you would…
It has often been quoted that the only certainties in life are death and taxes. While people generally die only once in a lifetime, taxes are an annual occurrence and failure to do them properly will result in being audited. Getting audited is an additional headache to worry about, and can end up as a…
It’s tax time again and each year in April comes the deadline we dread. This year, 2013 the deadline is April 15, Monday. Yes, today! Some of us already filed our Federal Tax Return and know we’ll be getting a fat check from the IRS. Congrats to you! Although it is actually better to get…
Biden’s Inflation Reduction Act, passed in 2022, granted the Internal Revenue Service $80 billion to use over the following decade. The agency has used the funding to recover unpaid taxes from ultrawealthy individuals and corporations, but the money might not last for long. Massive Haul On Jan 12, the IRS announced that it had recovered…