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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.

 

"˜It's just not wise': In past year, Trump's company repeatedly paid property taxes late

"Because you're just wasting money." This year, in the midst of other reporting, The Washington Post learned of late tax payments at Trump properties in Chicago and California. To see whether late pro...

Published:  Wed, 18 Jul 2018 05:00:00 GMT



DC Has No "Jock Tax." Here's How Much We're Losing From the MLB All-Star Game

As Sean Packard recently explained on Forbes.com, DC is one of only a few major jurisdictions that doesn't have a "jock tax" for non-residential athletes. Others include Texas, Tennessee, Florida, and ...

Published:  Tue, 17 Jul 2018 14:19:00 GMT



New IRS policy allows some tax-exempt groups to veil donors

WASHINGTON (AP) - The Trump administration is lifting requirements that some tax-exempt groups disclose the identities of their donors to federal tax authorities. The change benefits groups that spend ...

Published:  Tue, 17 Jul 2018 12:58:00 GMT



Tesla Buyers Worry They'll Lose Access to Tax Credit

He wanted a loaded version with all-wheel-drive for rainy weather, but was troubled by the prospect of losing federal and Washington state tax credits. He compromised and ordered a rear-drive version ...

Published:  Wed, 18 Jul 2018 09:27:00 GMT



4 blue states sue Washington over GOP tax overhaul

ALBANY, N.Y. - New York, New Jersey, Connecticut and Maryland sued the federal government over the Republican-led tax overhaul Tuesday, alleging the new law championed by President Donald Trump unfair...

Published:  Tue, 17 Jul 2018 11:05:00 GMT



Rick Scott Labels Bill Nelson a "˜Hypocrite' for Stiffing Staff on Health Insurance, Dodging Taxes

Bill Nelson (D., Fla.) after a Washington Free Beacon report revealed the incumbent senator's campaign had been avoiding expenses such as health insurance and payroll tax by using only contract labor. ...

Published:  Tue, 17 Jul 2018 11:34:00 GMT



Dori: Washington carbon tax is about money, not science

The governor has been trying for years to jack up your cost of living with a carbon tax. Now there is an initiative on the ballot that would make your gas costs skyrocket. They say that they would imp...

Published:  Tue, 10 Jul 2018 11:16:00 GMT



States file long-shot suit against cap on tax deduction

There are 1 comment on the Washington Times story from 9 hrs ago, titled States file long-shot suit against cap on tax deduction. In it, Washington Times reports that: Several states followed through ...

Published:  Tue, 17 Jul 2018 21:06:00 GMT



Buyers worry they'll lose tax credit while waiting on Tesla

He wanted a loaded version with all-wheel-drive for rainy weather, but was troubled by the prospect of losing federal and Washington state tax credits. He compromised and ordered a rear-drive version ...

Published:  Wed, 18 Jul 2018 07:29:00 GMT



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