In response to the opinion presented by a in a recent letter, (“Taking more from high earners is theft,” May 23), nobody is proposing to steal higher earners’ income. Those of us not lucky, fortunate or born into wealth to earn more than $168,000 per year pay 6.2% on all of our income to support […]
taxes
Posted inNation & World, News
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
advertisement
Posted inBusiness, Nation & World
Your tax refund could be bigger this year. Here’s what to do with it.
Experts generally advise putting it toward debt and savings, but, for many people, that’s unrealistic.
Posted inBusiness, Nation & World
These cities raised taxes for child care. Parents say it ‘changed my life’
In New Orleans, voters approved a property tax increase, which raised the city’s budget for child care. A marijuana sales tax approved last year by voters in Anchorage, Alaska, will generate more than $5 million for early childhood programs. Policy analysts say more people are noticing the link between the economy and child care.
Posted inMaine, Politics
Mills vetoes bill restructuring income tax brackets
The bill aimed to reduce the tax burden for middle-income residents while also raising taxes on the wealthy, but Gov. Janet Mills said it would not provide meaningful relief and could create challenges for state budgeting.
Posted inMaine, News, Politics
Maine lawmakers endorse higher tax brackets for wealthier residents
Both the House and Senate this week passed a bill that lowers state income taxes for low- and middle-wage earners.
Posted inBusiness, Nation & World, News
Tax Day 2024: What to know about deadlines, extensions, refunds and more
Millions of people will file their taxes during the final week before the April 15 deadline.
Posted inBusiness, Maine
Portland to scrutinize businesses’ taxable equipment as city tries to increase revenue
For the first time in at least 50 years, a contractor hired by the city will send people door to door to determine what business property in the city is subject to taxes.
Posted inBusiness, Nation & World, News, Politics
Democrats look for new ways to tax the super-rich
Earlier this month, President Biden unveiled a budget plan that proposes to raise more than $4.5 trillion in new taxes over the next decade, largely by targeting corporations.
Posted inNation & World
The IRS has 940,000 unclaimed tax refunds from 2020. Is one of them yours?
People in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.