Tax

Here’s the tax bill on that record $758.7 million Powerball

A lucky winner in Massachusetts is taking home the $758.7 million Powerball jackpot. Experts typically advise lottery winners to take their time before claiming the prize, and to stay anonymous if possible. But Mavis L. Wanczyk, a 53-year-old hospital worker from Chicopee, Mass., stepped forward Thursday to claim her prize — the largest individual win in U.S. lottery history. The ...

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How the Senate’s baseline budget could make or break tax reform

Tax reform is one of the most important legislative priorities for Congress and the administration this fall. Good tax reform will unleash economic growth, creating greater opportunity and prosperity for all Americans. One obscure choice by the Senate Budget Committee could make or break tax reform this year. The revenue baseline adopted in the Senate budget resolution will determine whether ...

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Retailers Pan Democrats’ Proposal To Raise State Sales Tax

What one business manager calls “inevitable” — a higher state sales tax — may be in the works as Connecticut legislators look to close a budget deficit and minimize cuts to state aid to towns. Retailers oppose a Democratic proposal to raise the tax half a percent, to 6.85 percent. Just as Connecticut is trying to promote growth, a higher ...

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Industrial tax exemption opponents, supporters clash at Metro Council over whether program helps or hurts Baton Rouge | News

The industrial tax exemptions enjoyed by manufacturers in Baton Rouge are poised for change, but public officials on Wednesday pondered whether revamping the tax breaks would chase away business or would improve the quality of life in the Capital City. For the first time, local governments will help decide whether manufacturers in Louisiana receive property tax abatements that companies such ...

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Former detective pleads guilty in tax-refund scheme

A former Tampa police detective faces up to 10 years in prison for her part in a tax-refund scheme. A U.S. attorney’s office news release says 51-year-old LaJoyce Houston pleaded guilty Wednesday to receiving stolen government property. A sentencing date hasn’t been set. Authorities say Houston received goods, services, money orders and cash from debit cards loaded with fraudulently obtained ...

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MSU, East Lansing make newest rounds of income tax offers

CLOSE In November, East Lansing voters will decide whether to establish an income tax. Here’s what you should know about the proposal. Beth LeBlanc/Lansing State Journal Buy Photo The sidewalks along the north side of Grand River Avenue in downtown East Lansing Thursday afternoon, Aug. 3, 2017.(Photo: MATTHEW DAE SMITH/Lansing State Journal)Buy Photo EAST LANSING – East Lansing and Michigan ...

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Mega tax bill for Chinese buyer of $40m Toorak mansion

The prospect of a massive $5 million tax bill has failed to deter the Chinese buyer of a Toorak mansion, which smashed Melbourne records when it sold this month for more than $40 million. The long-rumoured sale was finally confirmed when “Qi Yang” placed a caveat over the 18 St Georges Road home of former Mirvac director Marina Darling earlier ...

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‘We’re not going to come here and get beat up by you guys’ says tax assessor

After weeks of avoiding Columbus Council meetings, two members of the Muscogee County Board of Tax Assessors showed up Tuesday at the request of frustrated council members. Chester Randolph, chair of the tax assessors board, and Matthew Moorefield, the youngest and newest member, spoke only after councilors insisted that they do so. Randolph said other tax assessors didn’t show up ...

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