The estate tax was just slashed to exempt millionaire families up to $22 million, a doubling of the previous exemption, which had covered 99.8 percent of taxpayers.
taxes
3 Reasons The Trump Tax Plan Is a Disgrace
Robert Reich’s three-step guide on the rubbish of the Trump-Republican tax plan for when you confront your Republican Uncle Bob during the holidays.
Senate Leader Eyes Constitutional Amendment Requiring Two-Thirds Majority For Any Tax Increase
The Florida Constitution Revision Commission, which meets every 20 years, has the power to place constitutional amendments on the November 2018 ballot.
Historically Low School Tax Will Diminish Effects of Tax Increases in Palm Coast and County
Even though county government, Palm Coast, Flagler Beach and Bunnell are all increasing taxes, homeowners’ bills will not see a steep increase thanks to a lower school tax.
Gov. Scott Seeks Amendment To Require Supermajority When Lawmakers Raise Taxes
Gov. Scott didn’t define the meaning of “supermajority” but 15 states, liberal and conservative, already have the requirement of from 60 to 75 percent supermajorities when lawmakers raise taxes.
In Some States, Sales Tax Holidays Lose Luster as Hype Overshadows Cost
Tax holidays don’t increase buying but merely concentrate it around specific dates. They’re regressive. They’re more political than useful: in Florida, the Legislature turned down Gov. Scott’s request for 10 days.
There’s No Good Reason for Your Boss to Make 347 Times What You Do
It’s business executives through outsized CEO pay — not movie stars, professional athletes, or heiresses — who grabbed the dollars that once flowed to the American worker.
Lawmakers Approve Budget With Tax Cuts, Severe Cuts to Medicaid, Minor Increase For Education and Big Boost to Charters
The budget package includes a modest increase in per-student spending through the state’s main education formula, $521 million in Medicaid cuts for hospitals and far-reaching changes to education across the board.
Senate Approves Constitutional Proposal That Would Increase Homestead Exemption to $75,000
The homestead exemption proposal would go before voters as a constitutional amendment in 2018, would save homeowners money but cost local governments millions in revenue.
GOP Plan Scraps Individual Mandate Only to Create New, 30% Penalty For Laggards
The GOP approach is called a “continuous coverage” penalty. It increases premiums for people who buy insurance if they have gone 63 consecutive days without a policy during the past 12 months.