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Paul Ryan Says That Every Income Group Will Get a Tax Cut Under the GOP Tax Reform Bill
“Every income group on average gets a tax cut,” says Wisconsin congressman and House Speaker Paul Ryan at a Herndon, Virginia, town hall hosted by Martha MacCallum and Bret Bauer. He said this in an attempt to reassure taxpayers who are worried that their taxes will...
Senate’s GOP Tax Reform Bill Seeks Repeal of Obamacare
The Republican tax reform bill being proposed by the GOP will call for a repeal of the individual mandate of Obamacare that requires most Americans to have health insurance or receive penalties, said GOP leaders on Tuesday. This means that, once again this year,...
IRS Releases Rules For Tax Filing
The IRS has released tips and rules all applicants must follow when filing their taxes. Because of the continuing confusion regarding tax filing, both manually and digitally, it is recommended to use the IRS e-file, or Free File, on their official website, IRS.gov. It...
St. Clair County Council Votes To Raise Property Taxes
In a case of a false-positive in local politicking, the St. Clair County council have voted to take a pay cut on a pension coming from the state’s Municipal Retirement Fund while also voting to raise property taxes. The former vote helps prevent elected members from...
IRS Offers Tax Relief to Puerto Rico and Virgin Islands
In the aftermath of the horrific hurricane strikes from Irma and Maria, the Internal Revenue Service (IRS) has issued a specialized declaration to help give relief to all residents in Puerto Rico and the Virgin Islands. Puerto Rico was listed as a disaster area by the...
Chicago To Raise Taxes On Uber & Lyft
Having seen a loss of $40 million in public transportation revenue, Chicago Mayor Rahm Emanuel has presented a plan on raising taxes on non-public transportation services, namely Uber and Lyft. Despite improvement in cab drivers’ pay and minor increase of fees against...
Equifax Confirms Security Incident
Credit reporting agency Equifax has confirmed that they suffered a cyberattack prior to the attack that took place in September. It is thought that the hackers have gained access to months’ worth of consumer information. The company is thought to have exposed the...
IRS Announces Disaster Tax Relief for all Georgia Residents
The Internal Revenue Service (IRS) has announced that all victims of Hurricane Irma throughout Georgia will have until January 31st, 2018 to file specific business and individual tax returns as well as making particular tax payments. Having already granted the same...
Why Different Companies Pay Different Taxes
Corporate tax is defined as “an assessment levied by a government on the profits of a company. The rate of corporate income tax paid by a business varies between countries, although since corporations are legal entities distinct from their owners and operators, they...