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Tax Relief in Washington

Along with the states of Texas and South Dakota, the residents of state of Washington are fortunate in that they do not have to pay personal income tax. Personal income tax refers to a tax imposed on an individual's income earned in the form of a salary or wage or through banks, notes, and stocks. Washington is one of the nine states, in the U.S., that do not impose a personal income tax. The state government also goes one step further by not levying a corporate income tax. The bulk of the taxes collected to run the government, manage schools (and such) comes from property taxes - which forms 30% of all the taxes collected- and sales tax.

The results of the Census ACS 1-year survey show that the median household income value of residents in the state of Washington had a value of $58,405. This means that the household income in the state is $6,155 higher than that of US. However, ten years before, it averaged out at $58,781.

Decreased income, a recession, and low minimum wages have forced many residents to become tax delinquent. More and more people are looking for tax relief solutions every day. A tax relief company will have programs that use strategies like negotiated penalty abatement, audit representation and reconsideration, and tax return amendment and review to bail their clients out of tax debt. Owing money to the IRS or State tax entities can lead to severe penalties and tax relief companies offer a way out.

 

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Tax Relief In The News

Georgia Senate gives final approval to storm relief, airline tax bills

Less than nine months after state lawmakers shelved a tax break for airlines such as Delta when the company snubbed the National Rifle Association, all was forgiven Saturday. Breaking marketing ties w...

Published:  Sat, 17 Nov 2018 08:59:00 GMT



Low earners to miss out on £78m in tax relief

Low earners will miss out on up to £78m in tax relief in 2019/20, according to analysis from workplace pension provider Now: Pensions. This is because the net pay anomaly, which already means those wi...

Published:  Mon, 19 Nov 2018 07:40:00 GMT



Fund review | Aditya Birla Sun Life Tax Relief 96: Ideal ELSS for tax saving and wealth creation

While income tax saving is top priority among people while planning their finances, it is also important to understand that investments made for saving tax help to build wealth and achieve long-term g...

Published:  Sun, 18 Nov 2018 23:47:00 GMT



As Cuomo lauds Amazon deal, where's tax relief for the rest of NY (Editorial)

New York was always the odds-on favorite to win the national competition for Amazon's East Coast headquarters. The Big Apple has the nation's largest tech work force, and "the biggest factor driving o...

Published:  Sun, 18 Nov 2018 07:33:00 GMT



Hurricane relief, Delta tax break clear General Assembly

The Georgia Senate signed off Saturday on Hurricane Michael relief and a sales tax exemption on jet fuel, putting the wraps on a five-day special session of the General Assembly. Senators voted 43-9 t...

Published:  Sat, 17 Nov 2018 08:03:00 GMT



What's inevitable in an election year - taxes or tax relief

What's an elected official to do, in an election year, when there's a possibility that sitting on his or her hands could mean an additional $1.2 billion to spend Here's a hint from Senate Majority Le...

Published:  Thu, 15 Nov 2018 15:25:00 GMT



Video game developers missing "millions' in tax relief

The accountancy firm said just 357 video games were certified as British in the year 2017-18, allowing them to qualify for major tax reliefs, despite the UK being home to around 2,260 games developers ...

Published:  Sun, 18 Nov 2018 21:44:37 GMT



Letter, 11/18: Use resources to seek property tax relief

The prevailing political issue in this state is addressing high property tax rates, particularly in rural areas. Year in and year out, overburdened Nebraska taxpayers look to politicians for ...

Published:  Sat, 17 Nov 2018 20:55:00 GMT



Why San Francisco's big business tax for homeless relief succeeded after Seattle's crumbled

Two tech hubs, two crises of homelessness, two taxes on big business, two very different outcomes. San Francisco voters on Tuesday approved a new tax on the city's top-grossing companies to double the ...

Published:  Wed, 07 Nov 2018 08:29:00 GMT




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