Tag: tax

Americans Making Over $400,000 Will See ‘Small to Significant’ Tax Hike: Biden

March 17, 2021
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President Joe Biden on Tuesday vowed to get Democratic votes for a tax hike, which would have a “small to significant” impact on Americans making over $400,000 each year. During an interview on ABC News’ “Good Morning America,” Biden reiterated his presidential campaign promise that he won’t raise taxes on those with an annual income…

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NYSE Chief Warns of Potential New York Exit If Stock Transfer Tax Is Imposed

February 10, 2021
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The New York Stock Exchange threatened on Tuesday to leave New York if lawmakers approve a proposal to tax stock sales. “The New York Stock Exchange belongs in New York. If Albany lawmakers get their way, however, the center of the global financial industry may need to find a new home,” Stacey Cunningham, the president of…

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NYSE Chief Warns of Potential New York Exit If Stock Trades Are Taxed

February 10, 2021
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The New York Stock Exchange may leave New York if state lawmakers approve a proposal to tax stock trades, the president of the exchange said on Feb. 9. “The New York Stock Exchange belongs in New York,” Stacey Cunningham wrote in an op-ed in the Wall Street Journal. “If Albany lawmakers get their way, however, the…

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Biden’s Transportation Nominee Pete Buttigieg Says Gasoline Tax Hike Possible

January 24, 2021
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President Joe Biden’s pick for secretary of transportation said recently that a tax on gasoline is possible. “I think all options need to be on the table. The gas tax has not been increased since 1993, and it’s never been paid to inflation. And that’s one of the reasons why the current state of the…

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IRS Pushes Back Start of Tax Filing Season to Feb. 12

January 16, 2021
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People won’t be able to start filing taxes until Feb. 12, the Internal Revenue Service (IRS) said. The delay gives the IRS time to do additional programming and testing of systems following tax law changes implemented late last year. The changes were made to give most Americans another round of direct payments after Congress passed…

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IRS Delays Start of Tax Filing Season to Feb. 12

January 16, 2021
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People won’t be able to start filing taxes until Feb. 12, the Internal Revenue Service (IRS) said on Jan. 15. The delay will give the agency time to do additional programming and testing of systems following tax law changes implemented late last year. The changes were made to give most Americans another round of direct payments…

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