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      February 17, 2019

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Tax Relief in Washington

Washington MapAlong 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.

 

Thiessen: The Green New Deal means giant tax increases - on everyone

WASHINGTON - Rep. Alexandria Ocasio-Cortez's now infamous ... is campaigning for president on a wealth tax, while Ocasio-Cortez has proposed 70 percent marginal tax rates on wealthy Americans. The mes...

Published:  Sun, 17 Feb 2019 03:39:00 GMT



The Latest: Trump might extend March 2 trade deadline

The U.S. is scheduled to raise import taxes on $200 billion worth of Chinese goods March ... secrets in exchange for access to China's markets. Trump said Friday in Washington that "I would not increa...

Published:  Fri, 15 Feb 2019 16:24:00 GMT



Donald Trump, Theodore McCarrick, Colin Kaepernick: Your Weekend Briefing

2. Pope Francis defrocked Theodore E. McCarrick, above, a former cardinal and archbishop of Washington, after a canonical process that found him guilty of sexually abusing minors and adult seminarians ...

Published:  Sun, 17 Feb 2019 03:05:00 GMT



State Dept. spokeswoman, ex-Fox Newser Nauert withdraws as Trump pick for UN post

WASHINGTON - Heather Nauert, picked by President Donald Trump to be the next U.S. ambassador to the United Nations but never officially nominated, has withdrawn from consideration, the State Departmen...

Published:  Sat, 16 Feb 2019 06:55:00 GMT



Trump to nominate Jeffrey Byard to replace outgoing FEMA head Brock Long

WASHINGTON - President Donald Trump will nominate a top disaster response official in his administration to head of the Federal Emergency Management Agency, replacing former FEMA administrator Brock L...

Published:  Fri, 15 Feb 2019 15:54:00 GMT



Washington could demand tax returns from presidential candidates

OLYMPIA - People running for president would have to release five years worth of tax returns in order to be on the ballot in Washington under a bill that supporters say would boost transparency and op...

Published:  Fri, 01 Feb 2019 19:46:00 GMT



The tax strategy behind Joe and Mika's Florida "˜studio'

The "Morning Joe" anchors have been reportedly on a home set in Jupiter, Fla., but using Washington, DC, backdrops. Sources said the reason for the locale was a "tax dodge" - albeit a completely legal ...

Published:  Sun, 27 Jan 2019 06:46:00 GMT



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