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New Jersey Governor Phil Murphy Betrays No Tax Increase Promise, Returns to Tax-and-Spend Ways – Americans for Tax Reform

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New Jersey Governor Phil Murphy Betrays No Tax Increase Promise, Returns to Tax-and-Spend Ways - Americans for Tax Reform

New Jersey Governor Phil Murphy’s budget proposal includes record spending and a return to pushing tax hikes. The proposal also involves reinstating a corporate tax surcharge, implementing a truck traffic excise fee, and diverting funds from a debt relief account. Despite promises not to raise taxes, the governor’s budget would still face a structural deficit. Governor Murphy’s first term also featured growing budgets and annual tax hikes.

Maryland’s tax and fee increases won’t affect everyone. Will you pay?

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Maryland’s tax and fee increases won’t affect everyone. Will you pay?

The Maryland General Assembly passed a budget that raises approximately 0 million in additional revenue for transportation and education programs, and increases funding for the state’s shock trauma system. The increases come in the form of vehicle-related fees and fines, with tobacco users contributing to new tax money for education. Governor Wes Moore is pleased with the outcome, as lawmakers opted to increase revenue largely through fees without raising income tax, general sales taxes, or corporate taxes. The legislature did not address how the state will pay for future transportation costs and education expenses beyond fiscal 2027. Drivers in Maryland will pay more for vehicle registration, with an additional surcharge each year, and heavier vehicles will have higher registration fees. Shoppers buying a new car will see an 0 dealer processing charge added to their bill of sale, and owners of electric vehicles will have to pay additional surcharges when renewing registration.

MicroStrategy leads crypto sector short losses with $2 bln hit since March

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MicroStrategy leads crypto sector short losses with $2 bln hit since March

Short sellers betting against MicroStrategy have lost .92 billion since March due to a rally that has helped the stock outperform bitcoin.

Monk breaks silence over monastery scandal: , ‘I owe you an explanation’

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Monk breaks silence over monastery scandal: , ‘I owe you an explanation’

Fact: Archimandrite Nektarios broke his silence on the investigation at the Osiou Avakoum monastery, denying allegations of sexual relations with another monk and stating that they were illegally kicked out from the monastery.

Bill phasing out corporate income tax, tax credits in hands of Missouri Senate – Washington Examiner

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Bill phasing out corporate income tax, tax credits in hands of Missouri Senate - Washington Examiner

House Bill 2274 aims to phase out the corporate income tax in Missouri, decreasing the rate from 4% to 3% in 2025, 2% in 2026, 1% in 2027, and eliminating it in 2028 and beyond. The bill also seeks to end tax credits for corporations. The state’s general revenue is projected to decrease significantly if the bill is fully implemented. Republicans argue that eliminating the tax would benefit workers and consumers, while Democrats question the fairness and necessity of the bill.

Tamassos bishop claims he is being tarnished

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Tamassos bishop claims he is being tarnished

Fact: Attempts have taken place to harm Tamassos Bishop Isaias, and the bishopric announced that they have full confidence in the ecclesiastical mechanisms and the police.

Business groups and lawmakers battle over ballot measure to limit California tax increases

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Business groups and lawmakers battle over ballot measure to limit California tax increases

Californians will be paying billions of dollars in federal and state income taxes and property taxes this month. The state of California levies the highest taxes per capita in the nation at ,200 annually, totaling about 0 billion a year. Governor Gavin Newsom has rejected tax hikes and proposes a budget that closes the deficit with spending deferrals, bookkeeping maneuvers, loans, and money from the state’s rainy day reserves. There is increasing discontent among residents about their tax burdens, leading to a rejection of a tax increase measure in 2020. A measure has been qualified for the November ballot that would make raising state and local taxes more difficult, requiring two-thirds votes for any increases. This has sparked a legal and political war between Newsom, the Legislature, and pro-tax interests.

‘Govt not interfering in monastery scandal investigations’

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‘Govt not interfering in monastery scandal investigations’

The government rejected accusations of efforts to spare Tamassos Bishop Isaias of any criminal charges amid ongoing investigations of a major scandal surrounding the Osiou Avakoum monastery.

Business Tech Roundup: The Best Free Tax Software For Filing Your Taxes

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Business Tech Roundup: The Best Free Tax Software For Filing Your Taxes

Fact: CashApp Taxes is chosen as the best overall free tax preparation software by ZDNet.

Who Pays Taxes in America in 2024

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Who Pays Taxes in America in 2024

– America’s tax system is just barely progressive, with room for improvement to combat economic, wealth, and racial inequality.
– The share of all taxes paid by the rich slightly exceeds the share of total income they receive.
– The share of all taxes paid by the poor is slightly less than the share of income received by the poor.
– The tax system would appear less progressive if it included unrealized capital gains.
– Federal tax system is relatively progressive, while state and local taxes are mostly regressive.
– Federal personal income tax, corporate income tax, and estate tax are considered progressive.
– Payroll tax, including Social Security tax, is not particularly progressive.
– Tax laws enacted over the past 25 years have made the tax system less progressive.
– Some politicians claim the tax system is too progressive, but data shows it is not as progressive as claimed.
– President Biden has proposed tax reforms to raise trillions in new revenue.
– The IRS has documented that hundreds of billions of federal taxes owed each year go unpaid due to underreporting of income.