Union Budget Expectations: Tax deductibility of Covid expenditure tops corporate India's Budget wish list economictimes.indiatimes.…
πŸ‘︎ 4
πŸ’¬︎
πŸ‘€︎ u/nasirbobby
πŸ“…︎ Jan 15 2022
🚨︎ report
I work from home. How can I label my wifi as a business expenditure on my next tax return?

Basically the title. I work completely remote and have been for almost two years. It just occurred to me this could be an option.

πŸ‘︎ 9
πŸ’¬︎
πŸ‘€︎ u/steveisblah
πŸ“…︎ Oct 19 2021
🚨︎ report
US Federal Tax Revenues vs Expenditures by State in 2018
πŸ‘︎ 85
πŸ’¬︎
πŸ‘€︎ u/semideclared
πŸ“…︎ Jul 30 2021
🚨︎ report
[OC] US Federal Tax Revenues vs Expenditures by State in 2018 per Capita
πŸ‘︎ 101
πŸ’¬︎
πŸ‘€︎ u/semideclared
πŸ“…︎ Jul 30 2021
🚨︎ report
Unified Welfare Analysis of Government Policies* β€œMedicaid expansions, childhood education spending, and expenditures on college…actually pay for themselves in the long run. Children pay back the initial cost as adults through additional tax revenue and reduced transfer payments” academic.oup.com/qje/arti…
πŸ‘︎ 40
πŸ’¬︎
πŸ‘€︎ u/jiggy_42
πŸ“…︎ Aug 19 2021
🚨︎ report
i oppose removing the johnson amendment it would create untraceable tax deducible super pacs(what are legally called independent expenditure committees)

if your a person who opposes dark money in politics you should oppose proposals to remove the johnson amendment as removing the johnson amendment would make the dark money issue worse

the vast majority of christian denominations oppose removing the johnson amenment because they have no desire for thier churches to be converted into political action commities or super pacs

religious groups alredy have the unique ability to have untraceable spending as they are exempt from filing 990s where as the vast majority of 501c3s and every other 501c group has to file 990s

because of Citizens United v. FEC if 501c3 are allowed to endorse political canadates they would be able to create houses of worship that have nothing to do with legitimate religious activity and because houses of worship are exempt from disclosure laws that would make money in politics completely untraceable

the vast majority of 501c3 groups also support the Johnson amendment

the vast majority of pastors support the Johnson amendment

πŸ‘︎ 4
πŸ’¬︎
πŸ“…︎ Oct 29 2021
🚨︎ report
How do you guys keep tracks of expenditures and what not for tax purposes and also gains and loses?

I am not sure how to do it. But yesterday I had a 3 hour block for $73. I spent 34 on gas and took all 3 hours. and spent 5 on refreshments because i forgot to get them at home lol. so overall i made 33. but i have gas for more blocks and they all pay the same. any tips to keep track?

πŸ‘︎ 2
πŸ’¬︎
πŸ‘€︎ u/Aarenas52
πŸ“…︎ Jul 20 2021
🚨︎ report
USA Gymnastics’ lobbying expenditures surged during height of sex abuse scandal, tax records show opensecrets.org/news/2021…
πŸ‘︎ 3
πŸ’¬︎
πŸ‘€︎ u/babadork
πŸ“…︎ Sep 28 2021
🚨︎ report
[Plunkett] The #Dodgers $250m payroll in 2021 is "not sustainable." But Andrew Friedman said the potential reward of another World Series title is worth the expenditure and he's not looking to shed payroll in order to minimize the luxury tax penalties. twitter.com/billplunketto…
πŸ‘︎ 108
πŸ’¬︎
πŸ‘€︎ u/ttam23
πŸ“…︎ Feb 22 2021
🚨︎ report
The #Dodgers $250m payroll in 2021 is "not sustainable." But Andrew Friedman said the potential reward of another World Series title is worth the expenditure and he's not looking to shed payroll in order to minimize the luxury tax penalties. twitter.com/billplunketto…
πŸ‘︎ 95
πŸ’¬︎
πŸ‘€︎ u/ttam23
πŸ“…︎ Feb 22 2021
🚨︎ report
ESRI report on how to raise tax revenues to meet increased expenditure. Government Expenditure by year: 2019: €87.2bn, 2020: €105.9bn, 2021: €109.2bn (forecast) esri.ie/system/files/publ…
πŸ‘︎ 12
πŸ’¬︎
πŸ‘€︎ u/nithuigimaonrud
πŸ“…︎ Jun 13 2021
🚨︎ report
[FWI] July, 2024, governmental expenditures, aggravated by steep decline in tax revenues caused by inflation and contined economic downturn, forces the GAO to declare the US is slipping into backruptcy. Most countries announce they will buy no more US bonds. What happens, and what is the result?
πŸ‘︎ 2
πŸ’¬︎
πŸ‘€︎ u/David-Diron
πŸ“…︎ Jun 11 2021
🚨︎ report
"For every tax dollar spent to pay for abortions for poor women, about four dollars is saved in public medical and welfare expenditures" (Fam Plann Perspect . May-Jun 1986;18(3):111-8.) pubmed.ncbi.nlm.nih.gov/3…
πŸ‘︎ 22
πŸ’¬︎
πŸ‘€︎ u/chronicintel
πŸ“…︎ Apr 05 2021
🚨︎ report
Why are there such huge jumps up in BLS Personal Federal Income Tax Expenditures post 2012?

Federal Income Tax Expenditures (3rd quintile)

This BLS data seems extremely odd. It shows that the middle quintile for personal federal income tax expenditure was just $54 in 2010, but $2519 in 2019.

It's hard to imagine that there was a difference in the tax code post 2012 which changed federal taxes so significantly. Judging by the lowest quintile, that group receives a net credit of $200, which has been fairly consistent by comparison.

What's even more perplexing is the highest quintile. Federal taxes there seem to have jumped for $7000 in 2012, to $35,000 in 2019.

These numbers seem really nonsensical. Did the highest quintile really pay 5x more in net federal taxes compared to 7 years ago?

πŸ‘︎ 9
πŸ’¬︎
πŸ‘€︎ u/quad-scientist
πŸ“…︎ May 04 2021
🚨︎ report
what is the difference between Capital Allowances (in an Ltd company) and tax deductible expenditure?

hello,

anyone know?

I have a vague idea bit not 100% certain.

From what i understand (and i'll use a fictitious example here):

Farmer buys a trailer for Β£20,000

Β£20,000 is deducted from tax liability

Capital allowance is also allowed and spread over 5 years, so, for the next 5 years, taxable amount is reduced by Β£4,000/year (or all claimed within year one, so Β£40,000 is written off)

idk if i'm completely confused so would appreciate some light shed on the matter, ta.

πŸ‘︎ 3
πŸ’¬︎
πŸ‘€︎ u/throwaway56239847
πŸ“…︎ Apr 02 2021
🚨︎ report
H.R. 3925: To amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.

Introduced: Sponsor: Rep. Gus Bilirakis [R-FL12]

This bill was referred to the House Committee on Ways and Means which will consider it before sending it to the House floor for consideration.

Govtrack.us Summary

πŸ‘︎ 2
πŸ’¬︎
πŸ‘€︎ u/congressbot
πŸ“…︎ Jun 17 2021
🚨︎ report
What are your thoughts on offering Americans a small tax credit (~$100-200) or straight up cash to pass 2 hour long assessments that cover economics, civics, taxation, healthcare expenditures, personal finance (saving and investing), most common laws, and basic high school level sciences?

An educated voting populace tends to be more independent thinking and evaluating information. This is incredibly important to ensuring a functioning government is formed and avoiding falling into pit traps where basic facts are straight ignored (like the existence of the 2nd amendment or the electoral college, climate change, and etc.)

Maybe the government or some 3rd party non profit partners with Khan Academy to organize the small short videos, articles, and materials that Americans can use to prepare for theses assessments, and Americans would be encouraged to take this assessments of their own free will.

People who are in a position where $100-200 makes a significant difference are likely the people that need this assessment and the learnings that come with it the most.

Edit: Added climate change. And also I don’t understand why people see this as replacement of school. This is not a replacement of public school.

This is a way to incentivize adults to maintain basic knowledge competency. Something that’s extremely valuable with how fast misinformation and disinformation flows. This about preventatively giving people the knowledge to understand what it means when a politician says something about the trade deficit or about defunding planned parenthood (about how abortion services are 3% of its activities and about how the Hyde amendment prevents any federal tax dollars from being used on abortions.

There’s just a lot of people who really have no real understanding of many the concepts behind the major issues of the day or are terrible savers/investors. These people can’t go back to school but they can take a test 1/year pass it and get some cash for their time.

πŸ‘︎ 13
πŸ’¬︎
πŸ‘€︎ u/Manoj_Malhotra
πŸ“…︎ Nov 01 2020
🚨︎ report
A company incurs a capital expenditure that may be amortized over 5 years for accounting purposes, but over four years for tax purposes. The company will most likely record:
  1. DTA
  2. DTL

Trying to wrap head around this but not able to understand... thanks!

πŸ‘︎ 3
πŸ’¬︎
πŸ‘€︎ u/blut_baden
πŸ“…︎ Oct 17 2020
🚨︎ report
City of Elko audit report: Expenditures down, sales tax revenue up despite virus impact elkodaily.com/news/local/…
πŸ‘︎ 6
πŸ’¬︎
πŸ‘€︎ u/bivalve_attack
πŸ“…︎ Jan 19 2021
🚨︎ report
States with higher taxes and more government expenditures tend to have lower mortality rates among middle-aged Americans, according to new research published in PLOS One. An increase of one percentage point in state tax burden was associated with about a six percent reduction in mortality. psypost.org/2019/04/u-s-s…
πŸ‘︎ 618
πŸ’¬︎
πŸ‘€︎ u/HeinieKaboobler
πŸ“…︎ Apr 27 2019
🚨︎ report
Budget 2021 Expectations: Will Covid-19 hospitalization expenditures get tax benefit? thespuzz.com/budget-2021-…
πŸ‘︎ 2
πŸ’¬︎
πŸ‘€︎ u/thespuzz
πŸ“…︎ Jan 16 2021
🚨︎ report
Are there any studies on if a land value tax could fund all of the UK governments expenditures?
πŸ‘︎ 17
πŸ’¬︎
πŸ‘€︎ u/Unknwon_To_All
πŸ“…︎ Jun 11 2020
🚨︎ report
[OC] AU Citizen Spend on Healthcare Based Income through Marginal Income Tax proportioned to AU Gov Expenditure on Healthcare (2013 Population and Expend Data; 2020 Tax Rates)
πŸ‘︎ 6
πŸ’¬︎
πŸ‘€︎ u/justforkicks7
πŸ“…︎ Jul 29 2020
🚨︎ report
Five steps torescue economy: 1. Abolish personal income tax 2. Reduce prime lending rate to 9% 3. Raise bank term deposit rate to 9% 4. Make corporate R&D & employees children education expenditure tax deductible 5. Print notes liberally for infrastructure construction twitter.com/Swamy39/statu…
πŸ‘︎ 12
πŸ’¬︎
πŸ‘€︎ u/panditji_reloaded
πŸ“…︎ Aug 02 2019
🚨︎ report

Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.