Posts Tagged ‘taxes’
Tax Time!
By MARY ELLEN KALUZA Tax season creates a lot of anxiety, even if you expect a refund. Filing seems to get harder every year. You’d think Congress would like to make it as easy as possible for us, but the poor IRS has been woefully underfunded for years, leaving the agency with seriously outdated technology and far fewer employees to process the hundreds of millions of tax returns they receive each year. Add a pandemic into the mess and… Hopefully this information can ease some of your anxiety. A Few Tips To Help Manage Tax Filing Whether you are doing your own taxes or having someone else prepare them, gathering all your information in advance will speed up the process. Find a list of most common info needed at https://prepareandprosper.org/free-tax-preparation/what-to-bring/.File electronically for faster processing.Choose to receive your refund by direct deposit to get it a month or more sooner.File early to beat the rush, and more importantly, to help prevent tax [...]
Scratch Your Head
Raise Your Voice By PETER MOLENAAR “The Rich Really Do Pay Lower Taxes Than You!” Such was a recent caption in the New York Times. For the first time, thanks to Trump”™s tax cut, the 400 wealthiest Americans now pay a lower overall tax rate than any other income group”¦ and some folks had the gaul to steal the election by casting their votes! Actually, wages have always been taxed at a higher rate than stock dividends, etc. Naturally then, for generations the ruling class has spawned progeny who inherit the lot without lifting a finger. Never mind that the value of a commodity is determined by the socially necessary labor time embodied in it, i.e., labor is the source of all wealth. What”™s this got to do with our neighborhood? Think “build back better” jobs, and note: the East Phillips Urban Farm has received something of a green light”¦ but what? The Republican Party is working overtime [...]
