tax
-
What You Need to Know About Child Support
The amount of child support that a parent is obligated to pay depends on the relative share of the total income attributable to that parent. For example: if the parent’s expenses for meeting the child’s needs are to be $600 per month; and the income of a person who does not have a child in…
-
Tax Incentives in the USA
Farms have huge benefits, thanks to which in a number of situations (especially in dry years) some companies reduce the tax base to zero. After the “farm” incentives, much attention is also paid to the issue of preferential taxation of individual investors who invest in small innovative businesses. The government’s interest in supporting them is…
-
Student Loans Have a Negative Impact on the Economy
More than 44 million young Americans taking out student loans found themselves in a situation, when, in total, they owed the state $1,5 trillion. That’s more than ever. Larger total debt in the country – only on mortgages. Government loans to students account for nearly seven percent of American debt. In addition, there are private…
-
The new tax plan is not in favor of those whose workplace is far from home
The latest version of the new tax plan agreed by the Republicans and announced on Friday you just will not like it if your workplace is far from home. As is known, at present employers receive a certain tax incentive, having the opportunity to deduct from corporate tax the cost of compensating workers for the…
-
Tax bill: Trump victory as Senate backs tax overhaul
The Senate voted for the biggest changes in US tax legislation since the 1980s. Many media outlets called this decision the true victory of Trump and his native party. The president promised a “significant and beautiful Christmas gift” by the American tax cut. And now he has all the chances to keep his word. But…