In a recent case, Pennsylvania's tax authorities had to backtrack after they tried to charge more taxes, penalties, and interest to some taxpayers. The taxpayers fought back, and the Board of Finance and Revenue (BFR) agreed with them. The whole thing started when the Department of Revenue decided
Anchorage is in a bit of a pickle. The city needs more money to cover things like schools, roads, and safety. But there's a law from way back in 1961 that stops Anchorage from taxing people's income. This law was made to keep income tax only at the state level. But times have changed, and Anchorage
Missouri's state income tax, introduced in 1917, is outdated. It doesn't fit today's economy or workforce. The system punishes people for earning more, working harder, or growing their businesses. It's like a penalty for success. Governor Mike Kehoe has a plan to phase out this tax. The goal is to
In Pennsylvania, a small group of high earners is shouldering a big part of the tax load. The top 1% of earners in the state, about 58, 541 households, bring in a lot of money. On average, each of these households makes over $1. 7 million a year. Together, they earn 18. 42% of the state's total inco
For saying fare well to Aam Aadmi Party’s (AAP) lead, BJP threw the unforgiving votes of Indian reports. At the first chance of power consolidation top congressmen except Narendra Modi stood for Narendra Modi in the race of his political leadership. India's New Delhi's
Indians are buzzing about the 2025 budget. The Modi Government presented their annual budget The main aim was to boost economic growth and help the middle class. This year, the budget was full of promises. These promises included an attempt to woo middle-class inc
The UK's new finance minister, Rachel Reeves, has inherited a £22 billion ($28.2 billion) spending hole from the previous government. To plug this gap, she has announced plans to cut projects, cancel programs, and review previously announced investments. But will these measures be enough to restore
As lawmakers debate the impending expiration of tax breaks after 2025, the stakes are high for millions of families and small businesses. Enacted by former President Donald Trump in 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes, including temporary provisions that will automati
A province where the cost of doing business is so high that it's become a major obstacle to growth. Where government deficits are so large that they're causing uncertainty and making it difficult for businesses to plan for the future. Where public safety is a concern, and acute labour shortages are
