Tag Archives: taxes

Google May Withhold Taxes From Non-US YouTube Creators

What’s Changing? What Will Creators Need to Do? How Much Will Creators Be Taxed? What Happens if I Don’t Submit Tax Information? What if I’m a Resident of the United States? Google will soon be required to withhold taxes on YouTube earnings generated from viewers in the United States. This change is going into effect as early as June. How much tax is withheld from YouTube creators depends on a few factors. If you live outside the United States and have a revenue-earning YouTube channel with a… Source link

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Biden is cutting income taxes more than Trump did – Yahoo Finance

Joe Biden didn’t campaign for president as a tax-cutter, but his first big legislative package is turning into a bigger tax cut than the landmark tax bill President Trump signed with great fanfare at the end of 2017. The $1.9 trillion American Rescue Plan includes at least four provisions that will lower Americans’ 2021 tax bills by an average of $3,360, according to the Tax Policy Center. The 2017 Trump tax cuts only cut the average household’s tax bill by $1,600 per year. There’s… Source link

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Biden’s stimulus checks bill could cut your taxes by $3,100

Biden’s stimulus checks bill could cut your taxes by $3,100 Congress has put the stimulus package on a fast track in a race against time to get Americans the relief they need. Along with the long-discussed stimulus checks, additional proposals in the bill would offer the average household $3,100 in tax savings for 2021, according to Urban-Brookings Tax Policy Center. In the passing of the budget plan, which contains President Joe Biden’s $1.9 trillion relief bill, you can also expect to see… Source link

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Why it might be a ‘mistake’ to file your 2020 taxes now

TipRanks 3 Big Dividend Stocks Yielding at Least 9%; BTIG Says ‘Buy’ How important are dividends to a stock investor’s profits? Speaking before the Financial Industry Regulatory Authority (FINRA) on October 15, 2007, investing guru John Bogle laid out the case: “Over the past 81 years… reinvested dividend income accounted for approximately 95 percent of the compound long-term return earned by the companies in the S&P 500. These stunning figures would seem to demand that mutual funds… Source link

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‘Now is not the time to raise taxes’

TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link

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China, Bitcoin, Taxes, Stablecoins and More

While 2020 has been a very difficult year, it has, ironically, been a catalyst year for fintech and crypto. And there are no signs of the momentum slowing down in 2021! Henri Arslanian is Global Crypto Leader, PwC and an Adjunct Professor, University of Hong Kong. Here are my 10 crypto predictions for the coming year: 1. China leading the CBDC and future of money race As we predicted last year, 2020 was a banner year for central bank digital currencies (CBDCs). With 80% of central banks active on… Source link

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Millionaires want higher taxes as coronavirus crisis reaches boiling point

Disney heiress Abigail Disney and Ben & Jerry’s co-founder Jerry Greenfield are among a growing list of millionaires signing a petition for higher taxes. “Today, we, the undersigned millionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently,” the petition states. “We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now and will continue to be… Source link

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