A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS.
taxes
Posted inKennebec Journal, Local & State, News, Uncategorized
Augusta tax bills being mailed late
With the first installment of property tax payments due Sept. 14, Augusta taxpayers still have not received their bills in the mail.
advertisement
Posted inNews
Jay approves settlement agreement with paper mill owners over tax abatement request
The Select Board voted unanimously Friday to accept a settlement agreement with Pixelle Specialty Solutions for a tax abatement of $12.2 million in valuation and $250,100 in tax dollars.
Posted inMaine Voices, Opinion
Maine Voices: The real reason people are packing up and leaving blue states
The initiatives of the progressive left sound good – until the bill comes due.
Posted inBusiness, Nation & World, News
IRS steps toward new free-file tax return system have both supporters, critics mobilizing
And advocates for a free program to help file taxes are exponentially out-monied.
Posted inBusiness, Nation & World, News
IRS says it collected $38 million from more than 175 high-income tax delinquents
Federal tax collector’s enhanced ability to identify tax delinquents comes from resources provided by the Inflation Reduction Act.
Posted inOp-Eds, Opinion
Sen. Trey Stewart: The broken promises of Maine’s Gov. Mills are piling up
A series of unfulfilled pledges has tarnished Mills’ reputation and enabled radicals to pilfer Mainers’ paychecks to pay for expensive policy experiments.
Posted inOp-Eds, Opinion
Commentary: Gov. Mills’ broken promises continue to pile up
A series of reneged-on pledges has tarnished Janet Mills’ reputation. Maine can’t afford to govern like this.
Posted inOp-Eds, Opinion
Jim Fossel: In both Augusta and D.C., the Democratic Party is the party of runaway spending
Much apart from what it means for Americans’ bottom line, ruling out all tax cuts damages bipartisanship.
Posted inBusiness, Nation & World, News
TurboTax customers to receive checks in $141 million settlement
TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns, despite being eligible for free, federally supported tax services.