Page 21 - Tax Notes News Today

To print this article, all you need is to be registered or login on Mondaq.com. We have seen all sorts of changes in behavior over the past 12 months as a result of the COVID-19 pandemic. Remote working. No live music. Limited (or no) family gatherings. And, for some, an extra 15 pounds. But in the state and local tax world, weve seen another striking change in peoples behavior. People. Are. Moving. They are moving to Florida. They are moving to the Hamptons. They are mo...

Source: State statutes; Bloomberg Tax. Under House Bill 1439, in tax year 2022, the personal exemption would increase to $47,700 for single filers, $95,400 for joint filers, and $46,600 for head of family filers. This large offset, which immediately eliminates about two-thirds of all individual income tax collections, would be paid for through higher sales taxes. In each year thereafter, the exemption would increase contingent upon revenue growth. Specifically, each year, the state would deter...

Image Nick Johnson serves as Senior Vice President for State Fiscal Policy at the Center on Budget and Policy Priorities, a Washington, D.C-based research and policy institute.  He directs the Center’s State Fiscal Policy division, which works to advance equity, accountability, and economic opportunity through stronger state budget and tax policies. Over his more than 20-year career as a researcher at the Center, Johnson has written extensively on a range of state fiscal policy issues. He al...

Image Mazerov joined the Center staff in January, 1998. He is a Senior Fellow with the Centers State Fiscal Project. His work focuses on state and local taxation of business under corporate income and sales taxes, including taxation of Internet commerce. He has written reports on strategies for closing state corporate income tax loopholes and broadening state sales taxation of services. He also analyzes federal legislation affecting state taxing powers, such as the Internet Tax Freedom Act and ...

on Jan. 13, 2021 - 10:13 AMComment People like snacks. And, most of the time, snacks are just as satisfying as a meal. Admit it, you ate an entire bag of Tapatio Doritos once and skipped dinner. And it was ok because the snacks were delightful. We are aware that this is a weird analogy, but it serves as what we believe is an apt entree into a little roundup of some of the moves coming from around the industry. So without ado being furthered (credit: Richard Ayoade), enjoy this look at some tal...

Leischuck Award winner Kerry Inger brings out the best in her accounting students Published: January 20, 2021 Decrease Font Size Font Size Increase Font Size Article body Kerry Inger wants her students to see the interesting aspects of tax in everyday situations, and especially those that aren’t every day, like how tax laws can affect a baseball caught at a Major League Baseball game. “Is that baseball taxable? It can depend on the player and situation,” she said. “An o...

on Jan. 13, 2021 - 10:13 AMComment People like snacks. And, most of the time, snacks are just as satisfying as a meal. Admit it, you ate an entire bag of Tapatio Doritos once and skipped dinner. And it was ok because the snacks were delightful. We are aware that this is a weird analogy, but it serves as what we believe is an apt entree into a little roundup of some of the moves coming from around the industry. So without ado being furthered (credit: Richard Ayoade), enjoy this look at some tal...

Deloitte and Tax Analysts Take Great Strides to Increase Tax Policy Transparency Professional services leader joins forces with nonprofit to make federal tax law library easily accessible to the public News provided by Share this article Share this article NEW YORK, Jan. 6, 2021 /PRNewswire/ -- Today Deloitte Tax LLP ("Deloitte") announced an agreement with Tax Analysts, the publisher of the Tax Notes product portfolio, to make the nonprofits federal tax law library available to the general p...

POLITICO Get the Weekly Tax newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 12/14/2020 10:00 AM EST Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax. POLITICO Pro ...

Who dont earn enough money. i have a hunch my next guest will talk about the disadvantages. the economic council of economic advisers. and we debate things. i didnt bring you here to debate. i want to explore this, why people think this is a interesting idea. i guess we should put out there, the issue is that increasingly we can do more things with fewer people so we may even if demand for things increase, we may not be seeing a demand for labor. >> but remember that right now just to tip it off...