There are two sets of tax brackets that are used to calculate the amount of tax due on capital gains. The first is the short-term capital gains tax brackets, which are precisely equal to the ordinary income tax brackets. These brackets are used for any investment that you owned for one year or less. The second set is the long-term capital …
As prices as higher, there is less demand, and because there is less demand, there is less room for competition. This may seem strange, but when taxes on the rich are lower, they tend not to take such extreme measures to avoid paying it. In turn, instead of money going to the likes of Switzerland and Monaco, it is paid to the government in …
Items remaining unpaid by mid-April are advertised in the local newspaper for four consecutive weeks in May in an effort to notify the property owners of outstanding tax liability. After the tax deed application has been filed, it takes about 3 – 6 months for a property to go to auction.
Any certificate that was struck to the county at this …
The national median cigarette excise tax in 2015 was $1.36 per pack. Excise taxes, also known as selective sales or differential commodity taxes, are levied for the sales of specific goods or services. Excise taxes are commonly applied to items such as motor fuel, alcohol and tobacco.
In 2017, excise taxes accounted for $83.8 billion of the …
The U.S. Tax Court issues two kinds of decisions, regular and memorandum. A “regular decision” are those that are presumed to have value as precedents or involve issues that have not previously been considered. Regular decisions are generally regarded as stronger authorities than memorandum decisions. It is also important to note …
However, the total WEP reduction is limited to one-half of the pension based on the earnings that were not covered by Social Security. The monthly retirement benefits are increased or reduced based on your age after WEP reduces your ELY benefit. We refer to this reduction as the Windfall Elimination Provision, or WEP. The Windfall Elimination …