(The Center Square) – In the stack of more than 80 bills the Missouri House of Representatives voted to send to the Senate is an effort to phase out the corporate income tax and end tax credits. If the Senate passes House Bill 2274 as it currently is written, the corporate tax rate would decrease from 4% to 3% on Jan. 1, 2025, drop to 2% in 2026, 1% in 2027, and no corporate tax would be imposed in 2028 and thereafter. The bill was first read in the Senate in late March and no...
The deadline to file your taxes is April 15, don't be late.
By the end of Monday, tens of millions of American families will have claimed their child tax credit on their 2023 tax returns. But for many families, that credit will be hundreds, or even thousands, of dollars smaller than it could have been. And all the blame for those smaller credits belong to Senate Republicans. In 2021, the American Rescue Plan temporarily increased the tax credit from $2,000, where it was set under the 2017 tax cuts, to $3,000 (or $3,600 for children under 6). It also made...
Social media can provide some helpful sources for tax topics. However, not all sources have the same credibility and expertise
Social media can provide some helpful sources for tax topics. However, not all sources have the same credibility and expertise
By Robert Moore, attorney and research specialist for the Ohio State University Agricultural & Resource Law Program Estate taxes are receiving a lot of attention due to the impending reduction in the federal estate tax exemption in 2026. If Congress does not extend or make permanent the current estate tax exemption, the exemption in 2026 will
These Are The Countries With The Highest Corporate Tax Rates In 1980, the global average corporate tax rate stood at 40.2% - a level notably higher than today Over the last several decades, corporate tax rates have declined across every region, with the average now falling at 23.5% as of 2023. As tax rates have sunk lower, U.S. Treasury Secretary Janet Yellen and others have called for a global minimum corporate tax to prevent multinationals from sheltering profits in tax havens. ...
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Taxes are due at 11:59 p.m. local time. If you're in the Tucson area and still need to file, you have a few options.
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 []
On this episode of Mother Miriam Live, Mother Miriam unpacks the recent news of the cancellation of the Latin Mass in the Archdiocese of Baltimore.
Republicans’ frustration with House Speaker Mike Johnson over aid to Ukraine is giving steam to Democrats’ efforts to force the Senate aid bill to a vote. What was previously a procedural long shot is looking more probable by the day, as Johnson muddies the waters with a likely doomed and convoluted process. House Republicans are now talking openly about signing on to Democrats’ discharge petition, a procedural move that would allow Ukraine backers to bypass House leadership and force a vote on...