Tips to help you prepare for tax season
America Already Has a Progressive Tax System Policymakers at the federal level have expressed interest in raising the tax burden on high-income individuals. For instance, Representative Alexandria Ocasio-Cortez (D-NY) recently proposed raising the top marginal...read more
Another Step on the Road Toward Fiscal Union? The European Commission has embarked upon a new initiative to make it easier for EU member states to adopt tax proposals. Currently, new tax directives initiated by the European Commission are subject to unanimous...read more
Virginia on the Cusp of a 0 Million Unlegislated Tax Increase The Virginia General Assembly, the New World’s oldest continuous lawmaking body, began its 400th year amid pageantry and an unintended tax increase on which, thus far, that body has had no say. The...read more
Lawmakers Start the New Year with a Long Tax Policy To-Do List The close of calendar year 2018 left several items on lawmakers’ tax policy to-do list. In December, outgoing Ways and Means Chairman Kevin Brady (R-TX) led several iterations of a year-end tax bill...read more
Opportunity Zones: What We Know and What We Don’t Key Findings The Tax Cuts and Jobs Act created the Opportunity Zones program to spur investment in economically distressed census tracts. Opportunity zones reduce capital gains taxes for individuals and...read more
IRS sets start date for tax season, will issue refunds during government shutdown The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government. Source: IRS...read more
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