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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.

 

Democrats face early division over rules for tax hikes

The tax rule change sparked some consternation when it was presented ... Erica Werner Erica Werner has worked at The Washington Post since 2017, covering Congress with a focus on economic policy. Prev...

Published:  Fri, 16 Nov 2018 13:29:00 GMT



Trump advisers warn of gas tax trap in infrastructure deal

Talk around Washington quickly turned to raising the federal gasoline tax as a go-to fountain of funding for roads, bridges and transit projects. "There has to be real money, real investment," Rep. Pe...

Published:  Mon, 12 Nov 2018 19:09:00 GMT



Post-Election, Oregon and Washington's Proposed Soda Tax Bans Reach Different Results

As previously reported , Oregon and Washington state residents headed to the polls on November 6, 2018 to vote on initiatives that would preemptively ban new soda and food taxes. Despite similarities ...

Published:  Wed, 14 Nov 2018 09:17:00 GMT



A Carbon Tax Proposal Failed This Week. But the Fight Is Just Beginning

Washington state has become a parable for the challenge. In 2016, voters rejected a ballot measure to create a carbon tax in large part because progressive groups did not support it, arguing that ...

Published:  Thu, 08 Nov 2018 10:54:00 GMT



Another idea to help a carbon tax pass

Regarding Catherine Rampell's Nov. 13 op-ed, "Washington's carbon-tax conundrum" : The Nov. 6 ballot initiative was the third attempt to pass a carbon tax since 2016. Only 44 percent of voters approved ...

Published:  Fri, 16 Nov 2018 12:29:00 GMT



Property Tax Increase Proposal in Washington County

FAYETTEVILLE, Ark. (KNWA) - Several tax increases could bring extra revenue for Washington County and one of those is a property tax hike. The current county property tax stands 3.9 mills. It generate...

Published:  Thu, 15 Nov 2018 03:55:00 GMT



Washington State Votes Against Taxing Soda, Sugary Drinks

To Affordable Groceries." Sugary sodas and other beverages will not face any new taxes in Washington state. Voters on Tuesday supported a measure to block local governments from imposing new taxes on ...

Published:  Thu, 08 Nov 2018 07:05:00 GMT



Nevada's marijuana sales in August generate $8.1M in tax revenue, set new monthly record

Revenue generated by the wholesale tax is allocated toward administering the state ... Massachusetts Nevada, Oregon and Washington state. Marijuana is illegal under federal law, though the Trump admin...

Published:  Fri, 16 Nov 2018 21:13:00 GMT



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