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      February 19, 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.


If even our senators are confused, then it's time to end tax withholding

The two are not connected. The confusion stems from tax withholding - the process whereby Washington requires your employer to collect and send in your taxes before you get your paycheck. When the tax ...

Published:  Mon, 18 Feb 2019 14:20:00 GMT

Elizabeth Warren to release universal child care plan paid by "˜wealth tax'

WASHINGTON - Democratic presidential candidate ... Last month, Warren released a "wealth tax" plan aimed at the most affluent Americans whose net worth exceeds $50 million.

Published:  Mon, 18 Feb 2019 17:27:00 GMT

Warren to Unveil Universal Child Care Plan Funded by Wealth Tax

The person familiar with the plan didn't offer a price tag but said it would be paid for with some of the revenues from the annual wealth tax Warren has proposed on assets above $50 million.

Published:  Mon, 18 Feb 2019 17:33:00 GMT

Lobbyists, conservatives oppose corporate income tax

The effort to introduce Wyoming's first corporate income tax has garnered the wrath of a cadre of foes, including lobbyists for multimillion-dollar companies and Washington, D.C., think tanks. The opp...

Published:  Mon, 18 Feb 2019 19:50:00 GMT

Michelle Singletary: Why you should love that tax refund less

WASHINGTON - For some, the 2017 tax overhaul has been a bust - and not necessarily because it increased their taxable income. Some early tax-return filers this year are fuming about smaller refunds th...

Published:  Mon, 18 Feb 2019 15:45:00 GMT

Cannabis retailers hit hard in Cuomo's tax idea

Higher-than-expected tax revenues were reported in Colorado, Washington and Oregon since legalization. In 2018, in public hearings statewide on implementation, representatives of the state Department ...

Published:  Mon, 18 Feb 2019 15:49:00 GMT

Some tax deductions you won't find when you file this year

WASHINGTON - Tax payers who haven't had the time to brush up on the changes that came with the new tax plan may be in for a surprise. Many of the deductions tax payers have turned to in years ...

Published:  Mon, 18 Feb 2019 18:26:00 GMT

Everyone gets tax hikes under Green New Deal

After her office sent the "FAQ" to NPR, The Washington Post and other news organizations ... is campaigning for president on a wealth tax, while Ocasio-Cortez has proposed 70 percent marginal tax rate...

Published:  Mon, 18 Feb 2019 15:12:00 GMT

Washington County supervisors seek mortgage tax increase

FORT EDWARD - The Washington County Board of Supervisors approved a resolution on Friday asking state legislators to approve an increase to the county's existing mortgage recording tax.

Published:  Fri, 15 Feb 2019 13:20:00 GMT

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