More than 57% of income goes to the state: residents of some states face a severe tax blow

There are 4 states in America where the combined tax burden may soon exceed 57%. The federal proposal to increase the tax burden on the richest people will hit these regions the hardest, according to Money Talks News. Democrats in Congress are trying to find ways to cover 3,5 trillion ...

Biden wants to give the IRS access to all transactions in the accounts of Americans: he is accused of violating the Constitution

One of the key elements of US President Joe Biden's intentions to fund the $ 3,5 trillion budget plan is to track gross inflows and outflows from individual bank accounts. Writes about this Daily Mail. The Biden administration says such surveillance will target ...

What happens if you do not pay taxes in the United States

People do not file tax returns for various reasons: a difficult divorce, death or illness of loved ones, and sometimes they simply do not want to, thinking that the US Internal Revenue Service (IRS) simply will not notice. Bloomberg tells what happens if you decide not to file a return. First of all,…

Illinois will return more than $ 1 million of overpaid real estate tax to Trump

The Illinois IRS has ruled that President Donald Trump will receive a $ 1 million tax refund on his 2011 Trump International Hotel & Tower bill because the Cook County Supervisory Board overestimated the building's hotel rooms and retail space. About it…

Personal experience of a businessman: how much taxes do I pay in the USA and Russia

Alexey Kudimov is the head of Direct Line Digital. He is engaged in website development and SEO promotion. He has experience of doing business both in Russia and in the USA and decided to compare the level of taxation. What came out of this, the VC.RU edition told. ...

Russian company helps Americans to legally evade taxes on bitcoins

Russian expatriate Katie Ananina has been helping people evade taxes on bitcoin profits for the past three years. Writes about this CNBC. As the name suggests, Plan B Passport offers wealthy cryptocurrency clients a path to second citizenship in seven, mostly ...

Federal payments for children may be refundable: what should parents do so that they do not have to give this money

The Extended Child Tax Credit is intended to provide financial assistance to parents to help cope with the fallout from the COVID-19 pandemic, but many may not be aware that loans do not represent free money such as quarantine payments. Some parents who received an advance ...

US tech giants blamed for underpaid taxes by $ 100 billion

The study claims that between 2011 and 2020, firms paid $ 96 billion less in taxes than the estimated figures in their annual reports, according to The Guardian. The giant US tech companies known as the Silicon Six are accused of ...

Most Americans Will Not Pay Federal Taxes Next Year: How Is This Possible

If your income drops below $ 75 in 000, chances are you won't be paying federal income tax on it. More details about this were reported by CNBC. On average, taxpayers in this category will not have tax liabilities after accounting ...

How much will you get your hands on after deducting taxes from your salary $ 100 thousand in each state

Many of us are aiming for a six-figure salary. However, even if your salary is $ 100, you will take home a lot less after taxes. In addition to federal income tax and FICA deductions, you may have to pay state and local taxes ...

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