The state pension went up 8.5% in April – hitting £11,502 per year for someone on a full new state pension. This is great news for people’s beleaguered budgets, after the cost of living crisis laid waste to their finances. With inflation finally on the wane, this increase introduces some much-needed breathing space. However, many […]
While property taxes are unavoidable, an unpleasant surprise is not. Here's what you need to know to prepare for your tax bill—especially if you are purchasing a new build.
President Joe Biden wants voters to believe his tax plans take from the rich to give to the poor, but in reality they rob us all to pay off the millionaires and billionaires who bankroll today’s Democratic Party. “Taxes,” Biden said in hardscrabble Scranton, Pennsylvania, on Tuesday, where he returned to pretend he isn’t a money-larded creature […]
DAYTON, Ohio (WDTN) -- The midnight Monday deadline to file taxes has been known for a while, but for many, it was a last-minute rush. Experts said millions of Americans waited until the last 48 hours to file. Why the rush? The penalties for not filing can add up. If you fail to file by []
If you miss this week’s tax filing deadline, you might be feeling anxious about getting hit with late-filing penalties by the IRS. However, if you don’t have a recent history of filing your taxes late, it’s possible to apply for something called a first-time penalty abatement.
In case you missed the frantic calls from your accountant, let me remind
Bonds are an important part of a typical investment portfolio. That’s especially true the closer you get to retirement and once you’ve retired. Bonds typically lower the overall risk of your portfolio vs. putting together a portfolio comprised of 100% equities (stocks). However, during the period following the onset of COVID-19 (when inflation jumped to […]
MISSOURI — A plan to eliminate the corporate income tax in Missouri continues to be discussed with lawmakers. It's legislation that didn't get passed in the Senate last year. This year, the House has already passed the bill - with the help of Representative Ben Baker's special committee on tax reform. It's currently sitting in []
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...
Donald Trump is offering a corrupt deal to America’s wealthy elites: He’ll give them tax cuts and deregulation if he’s elected to a second term, even though he’s signaled that he intends to govern as an autocratic leader unrestrained by the rule of law. That would be a deal with the devil that’s likely to end badly for everyone—even the corporate elite, many of whom remain in a state of denial about Trump. Daniel Ziblatt, director of Harvard’s Center for European Studies, has studied what...
Finance chiefs say higher taxes for the super-rich are key to battling global inequality and climate crisisBillionaires should pay minimum 2% wealth tax, say G20 ministersWhen the governors of the World Bank and the International Monetary Fund convened for the spring meetings last week, it was all about the really big questions. What can the international community do to accelerate decarbonisation and fight climate change? How can highly indebted countries retain fiscal space to invest in...