Fourth stimulus check: Lawmakers pressure Biden to say yes to more payments yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Longtime tax target Amazon now leads charge for reform Today 03:55 am JST Today | 07:04 am JST WASHINGTON
A longtime lightning rod for critics of corporate tax avoidance, Amazon now wants to lead the way on reform.
Amazon chief executive Jeff Bezos this week endorsed a higher corporate tax to help fund infrastructure as part of a balanced solution that maintains or enhances US competitiveness.
The move by Amazon comes after years of criticism by activists who claim it pays little or no corporate taxes.
According to the Institute on Taxation and Economic Policy, an advocacy group, Amazon had an effective 9.4 percent federal income tax rate last year on profits of $20 billion after two years of paying no taxes.
The IRS has no plans to bring back a tool that helped low-income Americans get their stimulus checks. Here’s what to do instead
About 8 million low-income people were eligible for stimulus payments last year but never received the money, raising concerns about getting the latest round of help to those most in need yet there’s no sign the Internal Revenue Service plans to restore a tool that would make it easier.
Early in the pandemic, the IRS created a simple online form to allow low-income people who aren’t usually required to file tax returns to provide their contact information to the agency. But that tool has remained offline since November, even after Congress approved two more rounds of stimulus payments.
West Virginia pins population growth hopes on income tax cut
CUNEYT DIL, Associated Press
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1of5FILE - This May 9, 2012, file photo, shows the Grandview State Park overlooking the New River Gorge National River in Grandview, W.Va. The state offers numerous trails for hiking and other spots with scenic views. With West Virginia poised to lose another congressional seat due to its long, steady population decline, Republican lawmakers are convinced a massive tax cut is the key to reversing the trend. (Kenny Kemp/Charleston Gazette-Mail via AP, File)Kenny Kemp/APShow MoreShow Less
2of5FILE - In this Nov. 3, 2020, file photo, West Virginia Gov. Jim Justice celebrates his reelection at The Greenbrier Resort in White Sulphur Springs, W.Va. While the United States doubled its population over the past seven decades, West Virginia headed in the other direction. With West Virginia poised to lose another congressional seat due to its long, steady population
Apr 9, 2021 / 08:05 AM EST
(CNN) About 8 million low-income people were eligible for stimulus payments last year but never received the money, raising concerns about getting the latest round of help to those most in need yet there’s no sign the Internal Revenue Service plans to restore a tool that would make it easier.
Early in the pandemic, the IRS created a simple online form to allow low-income people who aren’t usually required to file tax returns to provide their contact information to the agency. But that tool has remained offline since November, even after Congress approved two more rounds of stimulus payments.