During Monday’s meeting, economist Mark Wenner suggested that a sales tax could be used in lieu of gross receipt taxes on businesses. While the economist acknowledged that “great care needed ...

Tax receipts in the first two months of this year are up 12% on the same time in 2024, indicating that the economy continues to power ahead. In addition, the State's coffers benefitted from a €1 ...

Albert Bryan Jr.’s financial team about whether a sales tax was better for the territory than a gross receipt tax. Everyone agreed that more study was needed. Sen. Angel Bolques was first to point out ...

How much of their gross salaries do workers actually pay in taxes? Euronews' has crunched the numbers, analysing how much the average earner pays across Europe. Using Eurostat data, this article ...

However, because the tax applies not to business income but gross receipts less only a partial deduction for expenses, some income is taxed multiple times. A margins tax is a close cousin of the ...

Tax receipts rose at a slower pace than expected in January, new figures show, in a sign that the poor performance of the economy could have damaging fiscal consequences. According to figures from ...

Knowing your MAGI can help you figure out if you're eligible for certain tax deductions this filing season. Plus, learn how it differs from adjusted gross income. Many, or all, of the products ...

Here's how to use your donations to save on taxes Beverly is a ... 60% of a taxpayer's adjusted gross income (AGI). You'll need a written "contemporaneous" receipt from the organization if you ...

The main question seems to be why we must include other business and personal income when we calculate gross receipts. Tax rules have almost always treated business income under common control as ...

If you are determining gross receipts for any other provision of the tax laws you are required to include PPP loan forgiveness in gross receipts. The safe-harbor only applies to the ERC rules.

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