Americans Seeing Lower Tax Bills This Year

You wouldn't know it by the Tax Day rhetoric, but Americans are paying lower taxes this year, even with increases passed by many states to balance their budgets. Don't expect it to last.

Sections:  u.s.   
Topics:  lower tax bill   tax bill   tax day   taxes   
RELATED ARTICLES
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study shows
    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
  • Obamas paid $112,000 in taxes in 2012
    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
BING NEWS:
  • Anything short of full repeal of the Inflation Reduction Act is political malpractice
    The Inflation Reduction Act, President Biden’s signature climate law, will cost taxpayers $1.5 trillion over the next ten years and potentially $4 trillion by 2050, and full repeal is ...
    12/15/2024 - 2:00 am | View Link
  • Bills filed look to gradually end income tax in Missouri
    Missouri could be on the path toward eliminating the state income tax. Several state lawmakers have proposed bills for the 2025 legislative session that could put more money back in your wallet ...
    12/13/2024 - 2:04 am | View Link
  • I paid a six-figure tax bill this year and I’m fed up with sending my hard-earned cash to Uncle Sam — is it possible to avoid paying income tax (legally)?
    Handing over your hard-earned money to Uncle Sam can feel like such a drag. In some cases, tax bills can even get extreme — as in, owing hundreds of thousands of dollars. As outlandish as that may ...
    12/12/2024 - 10:11 pm | View Link
  • Missouri senators prefile tax reform bills that include establishing flat tax, eliminating income tax
    Income tax changes may be on the table during the 2025 session after six Missouri senators prefiled bills that propose setting a flat tax for the state to ultimately eliminate income tax. Missouri ...
    12/12/2024 - 12:50 pm | View Link
  • House Republicans mulling two big bills in 2025, with tax going first, Texas Rep. says
    Congressional Republicans are figuring out the best path to enact their agenda next year, given their thin majority in the House.
    12/11/2024 - 2:34 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News