tax fairness
tax fairness
North Carolina lawmakers should learn from past national experience and rethink state's fiscal policies Did you know progressive taxes helped beat Hitler? If not, don’t worry, you’re not alone. It’s worth looking back at how taxes helped tackle inflation during WWII and what lessons NC leaders still need to draw from that bit of economic history.
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The Internal Revenue Service needs a lot more funding and staff – not less In December of 2019, my mom died. A couple of months later, the pandemic overtook American society and as with so many other aspects of modern life that quickly took on an extra level of complexity and difficulty during those harrowing and chaotic months, settling her affairs got a good deal more challenging. One notable example: dealing with her taxes.
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Paying taxes is our civic duty. The government’s duty is to make it as easy and inexpensive as possible for us to pay our taxes. But for too long, Congress has failed to uphold this responsibility, favoring instead corporations that profit from our need to file tax returns. A bill recently introduced in Congress would fix this problem.
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The North Carolina General Assembly brought its 2022 “short session” to a close last week. Well, at least, it kinda’ sorta’ did. Unlike in decades gone by in which the legislature generally adjourned in early summer, not to return until the following year, the current leadership on Jones Street prefers to keep the state’s supposedly part-time lawmakers yoyoing back and forth to the state capital. And so it is that the adjournment resolution approved by both houses last week...
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If you’re not among the 7% or so of Americans who were expected to file for an extension, Tax Day 2022 has come and gone. Congratulations! While no one really enjoys paying taxes, April 15 – or as was the case this year, April 18 – marks an important annual moment in the life of our democracy.../p ...
Over the last 18 months of pandemic and economic disruption, we’ve seen the hardships people face when they don’t have what they need to get by when illness or job loss strikes. And we’ve also seen how bold, smart policies can ensure everyday people and their families can put food on their tables and keep a roof over their heads.
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WASHINGTON—Agricultural groups and farm-state lawmakers notched a significant win when U.S. House Democrats chose not to touch a big tax break for inherited property, avoiding for now a confrontation. But opponents remain wary that the idea could come back at any time as Democrats shape their massive $3.5 trillion budget reconciliation package, and search for ways to help pay for the most significant expansion of the social safety net since the New Deal.
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