You may feel little sympathy for people in the top bracket of earnings, but don’t let that stop you reading. Like it or not, their views and actions matter to everyone
Purporting to distribute money to children to take advantage of their tax-free thresholds sends
a message about how important it is to be truthful when complying with the tax law.
The federal government wanted to give taxpayers a couple months to prepare the year’s taxes. But as filing became more complex, the date was pushed back.
Lisa Marriott, Te Herenga Waka — Victoria University of Wellington
Heading into the 2023 election, politicians and commentators have said New Zealand’s tax needs to be fairer. But opinions on how to make the system fairer vary wildly.
Peter Martin, Crawford School of Public Policy, Australian National University
Some earners will take home less after a tax switch legislated years ago and now supported by both sides of parliament.
Keeping these aspects of taxation in mind can help us hold governments accountable for the taxes that they try to implement and prevent future unethical and legally questionable taxes from being put in place.
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Taxes are more than mandatory payments required by governments. Understanding the essential aspects of taxation can help prevent ethically and legally questionable taxes from being imposed.
The IRS has yet to finish millions of returns from the 2021 tax season. That doesn’t bode well for 2022.
Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package.
Kent Nishimura/Los Angeles Times via Getty Images
The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
Some extremely rich people are paying a much smaller share of their income on taxes than other folks.
Nuthawut Somsuk/iStock via Getty Images Plus
David Campbell, Binghamton University, State University of New York
News about how little income tax some of the richest Americans reportedly pay is adding to questions about the value to society of their massive charitable donations.
Should America’s billionaires be paying more tax?
J. Countess/Getty Images, Joe Raedle/Getty Images, Arif Hudaverdi Yaman/Anadolu Agency via Getty Images