Much apart from what it means for Americans’ bottom line, ruling out all tax cuts damages bipartisanship.
taxes
Posted inBusiness
IRS tests free e-filing system that could compete with tax-prep giants
The initiative is funded by the Inflation Reduction Act, which allotted $15 million for the agency to look into creating a direct-filing program.
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Posted inBusiness, Nation & World, News
TurboTax customers to receive checks in $141 million settlement
TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns, despite being eligible for free, federally supported tax services.
Posted inTimes Record
Bowdoinham residents could see 13% property tax hike
The Bowdoinham Select Board reviewed the proposed $3.9 million budget at an April 11 meeting.
Posted inTimes Record Opinion
Tom Purcell: Will’s wit soothes a taxing time
Tax returns are due next week, and many Americans are surely stressed out as they scramble to get their financial records in order. I can’t think of a better time to revisit the wit and wisdom of Will Rogers. Rogers was a famous American humorist, actor and social commentator who lived from 1879 to 1935, […]
Posted inOp-eds, Opinion
The Maine Millennial: The state of Maine needs my taxes more than I need a tax cut
If you think you’ll never need government assistance, know that life has a way of throwing curve balls at you.
Posted inMaine
IRS says Maine’s $850 pandemic relief checks not taxable
The agency had been studying whether the money sent out last year in Maine – and similar payments made in 16 other states – was subject to federal taxes.
Posted inMaine Voices, Opinion
Maine Voices: Close the gap and help end hunger in our state
If just half of Maine income taxpayers check off the $25 voluntary donation box, it will bring in $10 million to feed our food-insecure friends and neighbors.
Posted inOp-eds, Opinion
Commentary: Republican tax proposals aren’t as bonkers as they sound
Abolishing the IRS is not a good idea, but a flat levy on consumption is a good starting point if the goal is to shrink the budget deficit.
Posted inOp-eds, Opinion
Clarence Page: How a Republican tax plan became a gift to Democrats
New House Speaker Kevin McCarthy couldn’t seem to give away enough to win his leadership post. But a quick retreat from a radical Republican-backed flat-tax bill shows he may have given away too much.