Corporate income tax definition

Former New York City Mayor Michael BloombergMichael Rubens BloombergBloomberg to appear alongside ex-Gov. Jerry Brown for first California campaign visit: report Bloomberg not sure Trump is a billionaire: 'Never seen' his tax returns Poll: Buttigieg slips into fourth place as Biden widens lead MORE on Wednesday unveiled new proposals to reform the earned income tax credit (EITC) and boost federal funding for housing programs as he seeks to gin up support for his late entry into the 2020 Democratic primary.The proposals would expand the EITC, increase funding to build more federal housing units, tackle homelessness and more."I'm running for president to reunite and rebuild our country because too many Americans are struggling just to get by, and they've been ignored by Washington for too long," Bloomberg said in a statement during a campaign swing through California. "The proposals we announced today reflect my determination to wage war on poverty — a more innovative and … [Read more...] about Bloomberg unveils proposal to increase earned income tax credit, federal funding for housing programs

Congressional Republicans are cruisin’ for a bruisin’. In competitive districts across the country, Democrats are out-recruiting, out-fundraising, and outpolling their opponents. The GOP is losing more incumbents to retirement (and/or the #MeToo movement) every week. Team Blue leads the generic ballot by 8 percent, and have overperformed by double digits in nearly every special election held in the past year — notching state Senate victories in deep red parts of Wisconsin and Oklahoma in the process. Meanwhile, Donald Trump remains more unpopular than any previous president at this point in their tenures. When GOP operatives wish to dismiss these ominous signs (and/or sleep at night), they tell themselves the following: Once the public learns what the Trump tax cuts actually do, they will rally to the Republican cause. There is a sliver of plausibility to this claim. When congressional Republicans passed the Tax Cuts and Jobs Act last fall, polls showed that the bill … [Read more...] about The Trump Tax Cuts Will Not Save Republicans This Fall

Good news for this woman today. Photo: NurPhoto/NurPhoto via Getty Images A federal judge on Monday delivered good news to those holding out hope that the public will one day see Donald Trump’s tax returns. In a 75-page ruling, Manhattan judge Victor Marrero slapped down Trump’s argument that sitting presidents cannot be criminally investigated. That allows the Manhattan district attorney to move forward with a subpoena on eight years of Trump’s tax returns. It won’t happen immediately though. The U.S. Court of Appeals for the Second Circuit issued a temporary stay of the subpoena Monday morning. In a tweet, Trump blamed “Radical Left Democrats” for the case, writing that they “are pushing local New York City and State Democrat prosecutors to go get President Trump. A thing like this has never happened to any President before. Not even close!” Monday’s ruling comes more than a month after Manhattan DA Cyrus Vance subpoenaed … [Read more...] about Trump Ordered to Hand Over 8 Years of Tax Returns to Manhattan DA

Statements by billionaires explaining why they already pay plenty in taxes and shouldn’t have to pay any more have become so much a part of the political landscape that they deserve a “Jeopardy!” category all to themselves.A new op-ed on this theme, penned for the Tuesday Wall Street Journal by Home Depot co-founder Bernard Marcus and New York supermarket magnate John Catsimatidis, sets a standard for the genre that other tycoons will shoot for in vain. Let’s take a look.In their very first sentence, the authors declare, “The two of us are quite rich” -- thereby instantly establishing their piece as the Platonic ideal of Wall Street Journal op-eds. Every additional dollar the government takes from us is a dollar less for this critical process of expanding America’s wealth and job-creating businesses. Billionaires Bernard Marcus and John Catsimatidis Advertisement The rest of the piece, which is headlined “Making Money is a Patriotic … [Read more...] about Column: Two billionaires explain why they shouldn’t pay more taxes, unlike you poor saps

Photo: PRWeb Photo: PRWeb Image 1 of / 1 Caption Close Image 1 of 1 Photo: PRWeb Surgent to Host Its Third Annual Virtual Tax Conference 1  /  1 Back to Gallery Designed for Tax and Financial Professionals, Attendees Can Expect a Comprehensive Review of 2019 Tax Updates to Fully Prepare for the Upcoming 2020 Tax Season RADNOR, Penn. (PRWEB) December 12, 2019 Enacted two years ago, the sweeping tax reform legislation known as the Tax Cuts and Jobs Act (TCJA) still presents many challenges to tax practitioners. With the upcoming election year, made more complex by the backdrop of impeachment proceedings, understanding the TCJA and recent tax updates is essential for tax practitioners and financial professionals who wish to best serve their companies and … [Read more...] about Surgent to Host Its Third Annual Virtual Tax Conference