Posts filtered by tags: Tax Breaks[x]


 

Marjorie Taylor Greene and her husband received tax breaks on two Georgia homes, investigation says. Married couples are only allowed one, according to state law.

Marjorie Taylor Greene, R-Ga., arrives at the Hyatt Regency for new member orientation in Washington on Thursday, Nov. 12, 2020 Caroline Brehman/CQ-Roll Call, Inc via Getty Images Marjorie Taylor Greene and her husband are accused of having two active homestead exemptions. Homestead exemptions offer tax breaks to homeowners, but only one per married couple is permitted. If the couple is found to be violating Georgia state law, they could face a fine of $12,000. See more stories on Insider&...
Tags: Politics, News, Republicans, Washington, Trends, Atlanta, Georgia, News UK, Getty, Tax Breaks, Hyatt Regency, Greene, WSB TV, WSB, Fulton County, North Fulton County


California Legislature Approves Significant Tax Break For Small Businesses

SACRAMENTO, Calif. (AP) — The California Legislature approved a major tax break for small businesses on Monday, voting to give up as much as $6.8 billion in revenue over the next six years so that struggling business owners can have smaller bills. The federal government loaned more than $97 billion to California small businesses during the coronavirus pandemic, and most business owners did not have to pay that money back. Business owners used most of that money to pay the salaries of their emplo...
Tags: Business, News, Congress, California, Ap, Palmer, Tax Breaks, Gavin Newsom, Legislature, Assembly, Burke, California Legislature, Samson, Sacramento Calif, Murrieta, Newsom


Tax Breaks Every Small Business Owner Should Be Aware Of

An opportunity for which every entrepreneur should be aware, is potential tax breaks for a small business owner. John DeSimone, President, Herbalife Nutrition explores some of them. The post Tax Breaks Every Small Business Owner Should Be Aware Of appeared first on Young Upstarts.
Tags: Startups, Tax Breaks, Taxation, Business Advice, Professionalisms, Tax Issues, Herbalife Nutrition, John DeSimone


JPMorgan CEO blasts tax breaks for race cars and private jets - and says the write-offs need to stop

JPMorgan CEO Jamie Dimon said the US should get rid of tax breaks for horse racing, race cars, and golf courses. Mike Blake/Reuters JPMorgan CEO Jamie Dimon blasted tax breaks in his annual shareholder letter on Wednesday. Dimon proposed major tax reforms to promote growth and address income inequality. The comments come as President Biden proposes a corporate tax rate increase. See more stories on Insider's business page. The chief executive of Wall Street's biggest bank thinks t...
Tags: Amazon, Politics, News, Finance, Wall Street, US, Trends, Joe Biden, Biden, Tax Breaks, Jamie Dimon, Jpmorgan, Mike Blake, Dimon, Carried Interest, Reuters JPMorgan


529 plan tax deductions are offered by 34 states - here's the list for 2021, along with states that give breaks for each other's plans

Different states offer different types of tax deductions on money contributed to a 529 plan, an investment account earmarked for educational expenses. kate_sept2004/Getty Images 529 plans offer tax-free growth and tax-free withdrawals for eligible education expenses. Thirty-four states offer tax credits or deductions on state income taxes for contributions. Seven states also provide tax benefits if you use another state's 529 plan. Visit Business Insider's homepage for more stories. 529 pl...
Tags: Personal Finance, Finance, Trends, Pennsylvania, Arkansas, Tax Breaks, Tax Credit, Freelance, 529 Plan, Tax Deduction, Shayanne Gal, BI Graphics, Investing (Reference, Investing How To, Lee Huffman, 529 College Savings Plan


Common Sense and Tax Policy - Any Connection?

I think that often, there is some common sense consideration of tax policy before enacting or changing tax rules. One example was the 1954 decision to enact IRC section 174 to allow for expensing of R&D expenditures. That simplified the law to avoid uncertainties and taxpayer/IRS disputes on the life for amortization purposes of these expenses. It also incentivized these expenditures that also benefit the economy through new technologies to improve our lives. I'm sure we can find more recent ex...
Tags: Taxes, San Jose, Tax Breaks, Bentley, Irs, Tax Policy, Professor Nellen, American Opportunity Tax Credit, Nellen, Bentley Motors, AOTC


A federal program designed to fight poverty has reportedly become a major tax break for Elon Musk and Jeff Bezos through their space endeavors

Elon Musk and Jeff Bezos. John Locher/AP and Odd Andersen/AFP via Getty Images A federal tax rebate program intended to help impoverished communities is being used by companies run by Jeff Bezos and Elon Musk, according to a new report from Bloomberg. The program incentivizes companies to invest in low-income communities by offering capital gains tax breaks. But, according to the report, both Bezos' and Musk's space travel companies — Blue Origin and SpaceX, respectively — are financially ...
Tags: Amazon, Spacex, Elon Musk, Taxes, News, Trends, Tesla, Bloomberg, Getty Images, Jeff Bezos, Tax Breaks, Musk, Blue Origin, Trump, Bezos, Ben Gilbert


Beer, Rich People, and Racing Horses All Made Out Better Than Renewable Energy in Congress' Budget

The House approved a 1.4 trillion spending package on Tuesday, which extended a slew of expiring and expired tax breaks. Lots of environmentalists are pissed because it barely did anything for renewable energy. Tax breaks for onshore wind energy got a yearlong extension, but offshore wind and solar didn’t get shit.Read more...
Tags: Science, Congress, Climate, Renewable Energy, House, House Of Representatives, Tax Breaks, Congress Budget, Better Than Renewable Energy


Boston Tech Watch: The Predictive Index, Catalant, ZoomInfo, Notarize

A work week shortened by the Martin Luther King Jr. holiday didn’t seem to slow new capital from venture firms and strategic investors from flowing into Boston technology businesses this week. Read on for more:—The Predictive Index, a workforce talent optimization technology company in Westwood, MA, has raised $50 million in growth-stage capital led by General Catalyst Partners. The business says it provides managers with “people science,” data, and strategy to make objective hiring decisions. ...
Tags: Deals, Accelerator, Real Estate, Subway, Mba, Boston, Trends, Startup, Tech, Harvard, Venture Capital, San Diego, Rochester, Nissan, Tax Breaks, Martin Luther King Jr


HQ2 fight continues as New York City and Seattle officials hold anti-Amazon summit

The heated debate around Amazon’s recently announced Long Island City “HQ2” is showing no signs of cooling down. On Monday morning, the Retail, Wholesale and Department Store Union (RWDSU) hosted a briefing in which labor officials, economic development analysts, Amazon employees and elected New York State and City representatives further underlined concerns around the HQ2 process, the awarded incentives, and the potential impacts Amazon’s presence would have on city workers and residents. ...
Tags: Amazon, TC, Cloud, Ecommerce, Real Estate, New York, Enterprise, Drama, Finance, Government, New York City, US, Tech, Policy, City Council, Johnson


Biodiesel companies urge Congress to extend biodiesel and renewable diesel tax breaks

In Washington, the National Biodiesel Board (NBB) and more than 50 member companies and affiliated organizations delivered a letter to House and Senate leaders, urging them to enact a multiyear extension of the biodiesel and renewable diesel tax incentive before Congress adjourns for the year. In February 2018, Congress retroactively extended the tax incentive for 2017, leaving it expired for this year and beyond. The letter welcomes a recent proposal for a seven-year extension of the tax incent...
Tags: Congress, Washington, Senate, Policy, House, Tax Breaks, Nbb, National Biodiesel Board NBB


No HQ2? No Problem, Say Leaders in TX Cities Passed Over by Amazon

As word trickled out that North Texas was likely one of three finalists for Amazon’s “HQ2,” Chris Wallace felt optimistic about the region’s prospects.After all, the tech giant had said its priorities included a skilled workforce, logistics infrastructure, and a competitive cost of living. Wallace, who is the president and CEO of the North Texas Commission, believes the region has those characteristics in spades. Instead, this week Amazon (NASDAQ: AMZN) confirmed rumors that the company would a...
Tags: Amazon, Startups, New York, Texas, Jobs, Virginia, Stem, Trends, Cybersecurity, Washington Dc, AT&T, Queens, Dallas, Toyota, Iot, Houston


Oregon's Botched Google Tax Break Shows Why You Don't Bend the Knee to Tech Giants

As city officials around the US continue to carve out incentives that might convince Amazon to build its new headquarters in their town, lawmakers in Oregon are having regrets about their own efforts to please Big Tech. A new bill there would repeal tax breaks that were intended to lure Google to deploy high-speed…Read more...
Tags: Google, Amazon, Science, Oregon, US, Comcast, Fiber, Tax Breaks, State Legislature, Tech Giants, House Bill 4027


Mayors Join Auto Industry in Fight to Maintain EV Tax Credit

On Wednesday, 22 mayors issued a letter to members of the House and Senate conference committee that’s attempting to finalize a rushed tax plan before the end of the year, saying the $7,500 electric vehicle tax credit allows them to better pursue clean-energy initiatives within their cities. The current versions of the bill has the […] The post Mayors Join Auto Industry in Fight to Maintain EV Tax Credit appeared first on The Truth About Cars.
Tags: Taxes, Congress, Government, Senate, Electric Vehicles, House, Autos, Mayors, Tax Breaks, Incentives, News Blog, EV tax credit, Mayors Join Auto Industry


U.S. & U.K. share similar tax law complexity problems

Congress is looking to revise at least part of the bloated U.S. tax code in the coming months. In addition to reducing taxes, lawmakers say they want to make things simpler for taxpayers. In support of this argument, politicians and policy groups often point to the Internal Revenue Code’s complexity and compare it unfavorably to other nations. Our closest ally, however, shares a lot of the same tax troubles, at least according to one British economics writer. Growing British tax code: " Every ...
Tags: Politics, UK, England, Taxes, Congress, Global, Tax, Britain, United States, United Kingdom, Tax Avoidance, Capitol Hill, Tax Breaks, Great Britain, Tax Reform, Internal Revenue Service


U.S. & U.K. share similar tax law complexity problems

Congress is looking to revise at least part of the bloated U.S. tax code in the coming months. In addition to reducing taxes, lawmakers say they want to make things simpler for taxpayers. In support of this argument, politicians and policy groups often point to the Internal Revenue Code’s complexity and compare it unfavorably to other nations. Our closest ally, however, shares a lot of the same tax troubles, at least according to one British economics writer. Growing British tax code: " Every ...
Tags: Politics, UK, England, Taxes, Congress, Marketing, Global, Tax, Britain, United States, United Kingdom, Tax Avoidance, Capitol Hill, Tax Breaks, Great Britain, Tax Reform


Apple requests tax breaks for suppliers in India to make iPhones

Apple has asked the Indian government to extend tax breaks to its suppliers if India to start making phones in India instead of simply assembling them. Government officials told Reuters that meeting this request would mean India would have to formulate a new policy that applies fairly to all device makers. The iPhone maker has been in … Continue reading "Apple requests tax breaks for suppliers in India to make iPhones"
Tags: Iphone, Apple, News, India, Blogging, Iphones, Tax Breaks, Suppliers, Reuters


Mylan Sells Asthma Treatments While It Quietly Invests in Coal 

Mylan is one of the most loathsome companies on Earth. Usually, they are hated for charging people with life-threatening allergies extortionate amounts of money for the only drug on the market that can help them. But a new report points out that there are many other reasons hate the company. Namely contributing to air…Read more...
Tags: Science, Asthma, Coal, Assholes, Tax Breaks, Mylan


Trump saves some Carrier jobs, but at a tax cost

Was president-elect Donald Trump played by Carrier? The company, a division of United Technologies that makes heating and air conditioning units, agreed to keep 1,000 jobs in Indiana rather than move them to Mexico. Donald Trump addressing supporters Dec. 1 in Cincinnati as part of his post-election "Thank You Tour." He also stopped in Indianapolis to celebrate Carrier's decision to keep 1,000 jobs at that plant rather than move them to Mexico. (Click image to watch the president-elect's full...
Tags: Business, Politics, Taxes, Washington Post, Washington, Mexico, White House, Disney, Global, America, Tax, Indiana, Indianapolis, United States, New York Times, Veterans Affairs


Trump saves some Carrier jobs, but at a tax cost

Was president-elect Donald Trump played by Carrier? The company, a division of United Technologies that makes heating and air conditioning units, agreed to keep 1,000 jobs in Indiana rather than move them to Mexico. Donald Trump addressing supporters Dec. 1 in Cincinnati as part of his post-election "Thank You Tour." He also stopped in Indianapolis to celebrate Carrier's decision to keep 1,000 jobs at that plant rather than move them to Mexico. (Click image to watch the president-elect's full...
Tags: Business, Politics, Taxes, Washington Post, Washington, Mexico, White House, Marketing, Disney, Global, America, Tax, Indiana, Indianapolis, United States, New York Times


Bernie Sanders: Trump just used your taxes to reward Carrier for offshoring American jobs

Last February, Carrier announced that it was offshoring its US air-conditioner manufacturing jobs to Mexico, despite having made a $7.6B profit that year, despite having received more than $6B in US military contracts, despite having recved a $50M tax-break, despite having paid its retiring CEO a $172m bonus, despite having spent $12b on stock-inflating accounting tricks. (more…)
Tags: Post, News, Labor, Mexico, US, Usausausa, Piketty, Class War, Tax Breaks, Carrier, Outsourcing, Race To The Bottom, Bernie Sanders, Trumpism, Trump, 1 Percent


Sweden wants to fight waste with new tax breaks for repairs

The Swedish government is unveiling an intriguing plan to discourage throwaway culture. The new proposals would slash the VAT tax rate on repairs to bicycles, clothes, and shoes by half in order to encourage consumers to reuse their old items rather than simply replacing them. The law would also allow residents to claim back income taxes on the cost of repairs to large appliances such as ovens, dishwashers, and washing machines. The tax breaks are the work of Sweden’s ruling Social Democrat a...
Tags: Design, News, Sweden, Repairs, Law, Policy, Carbon Emissions, Recycling, Green Party, Reuse, Tax Breaks, Consumerism, Social Democrat, Pixabay


Kia’s Mexico Factory Boosts Car Production, Spawns Corruption Trial

When the new Kia factory in Nuevo León, Mexico reaches full capacity, 300,000 vehicles will leave the plant each year. At the same time, a jail cell door could slam on the government officials who brought it there. The former governor of the Mexican state will stand trial on corruption charges linked to the tax deal […] The post Kia’s Mexico Factory Boosts Car Production, Spawns Corruption Trial appeared first on The Truth About Cars.
Tags: Corruption, Mexico, People, Production, Autos, Law And Order, Tax Breaks, Kia, Crime And Punishment, Kia Forte, News Blog, Crime & Punishment, Nuevo Leon Mexico


New York City's Government Is Falling Apart

Over the last six years, according to a new audit from the city comptroller, New York City has missed out on $59.2 million in tax revenue because it forgot to stop giving tax breaks, intended for senior citizen homeowners, to recipients who had died. From the Associated Press:Read more...
Tags: News, New York City, Bedbugs, Tax Breaks, Department of Finance, Dead People, De Blasios New York


Donald Trump Doesn't Even Want Your Stupid Tax Break For Poor People Anyway

Last week, one of Donald Trump’s attorneys requested that he no longer receive a tax credit afforded to middle-class families in New York City —defined as those with annual household incomes lower than $500,000. The city complied, and about $1000 will be added to Trump’s next property tax bill.Read more...
Tags: Real Estate, News, New York City, Donald Trump, Tax Breaks, Trump, Tax Returns, Loopholes


Connecticut Mercifully Doles Out $22 Million Of Financial Aid To Ray Dalio

Hey Connecticut, "The Co-Dependent State" is not a good line for a license plate.
Tags: Money, Law, Connecticut, Tax Breaks, Hedge Funds, Ray Dalio


Here’s One Upside to a European Diesel Downfall

With European regulators taking a closer look at the continent’s wonder fuel — diesel, that is — in the wake of Volkswagen’s emissions scandal, oil burners could hasten their disappearance from European Union streets. That would be great for police officers in the UK, who seem increasingly confused about what kind of fuel goes in their patrol […] The post Here’s One Upside to a European Diesel Downfall appeared first on The Truth About Cars.
Tags: Europe, UK, Technology, Taxes, European Union, Industry, Autos, Volkswagen, Engines, Car Reviews, Tax Breaks, Diesel, Gasoline, Fuel Economy, Government Incentives, Fleets


99Deductions Simplifies All of Your Complicated Tax Deductions

When doing your taxes, you want to make sure to take advantage of every deduction you can . Problem is, the eligibility requirements can vary quite a bit, and sometimes it’s difficult to navigate all the rules. 99Deductions simplifies them for you.Read more...
Tags: Freelancing, Personal Finance, Money, Taxes, Tax Breaks, Tax Deductions, Deductions


UK offers tax breaks to boost sharing economy

 The UK government has announced a little extra tax relief aimed at encouraging what the chancellor termed ‘micro-entrepreneurs’ in yesterday’s budget — albeit the other beneficiaries here are likely to be gigantic tech platforms like Airbnb if Brits take up the invitation to rent out their spare rooms for a little tax-free extra income. Read More
Tags: TC, Europe, UK, Government, Collaborative Consumption, United Kingdom, Sharing Economy, Airbnb, Tax Breaks