Sources of Personal Income Tax Returns Data | Tax Foundation Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. returns. About 61 percent ($9.0 trillion) consisted of wages and salaries, and … Read more
“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering through the financial system. Send feedback or items for future newsletters to Thomas Georges at tgeorges@thefactcoalition.org Here is the State of Play FACT Calls on Congress to … Read more
Oregon Initiative Petition 17 (IP17), also known as the People’s Rebate, appears on track to qualify for the November 2024 ballot. As of June 14, the measure’s proponents have submitted over 135,000 signatures, well above the 117,173 needed to qualify. If passed, IP17 would significantly increase Oregon’s Corporate Minimum Tax for corporations with annual Oregon … Read more
The effective federal income tax rate for S Corporation shareholders and partners in a partnership could increase by 30% by December 31, 2025, due to the expiration of certain tax laws.