Millionaire taxes would increase 11% in 2023 under House Democrat plan

House Democrats' proposed tax reforms would raise levies for $1 million households by about 11% on average in 2023, according to the Joint Committee on Taxation. They'd give a tax cut to low- and mid-income households. Higher taxes for corporations and wealthy individuals would raise more than $2 trillion over a decade. The revenues would… Continue reading Millionaire taxes would increase 11% in 2023 under House Democrat plan

Here's what small business owners, many cash-strapped, want from the next GOP coronavirus bill

GOP lawmakers are expected to release a new coronavirus relief bill as early as next week. Aid for individuals includes further stimulus checks and temporary, yet reduced, unemployment payments. The new measure will include aid to small businesses, and a targeted second round of Paycheck Protection Program loans to firms that have suffered keenly in… Continue reading Here's what small business owners, many cash-strapped, want from the next GOP coronavirus bill

Skip that avocado toast … 60% of millennials don't have $500 to cover their tax bill: Survey

Six out of 10 people in this age cohort don’t have $500 to cover a tax surprise, according to a survey from Varo. You have until April 15 to pay your 2018 taxes, or else you’ll face penalties and interest on your balance. Taxpayers can apply for a six-month extension to submit their 2018 return,… Continue reading Skip that avocado toast … 60% of millennials don't have $500 to cover their tax bill: Survey