#incometax — Public Fediverse posts

Will Wisconsin Voters Think Francesca Hong Is Too Radical? Here’s Where She Stands.

https://web.brid.gy/r/https://www.nytimes.com/2026/08/10/us/francesca-hong-positions-wisconsin-governor.html

Will Wisconsin Voters Think Francesca Hong Is Too Radical? Here’s Where She Stands.

https://web.brid.gy/r/https://www.nytimes.com/2026/08/10/us/francesca-hong-positions-wisconsin-governor.html

Filed your ITR with mistakes? Learn how to discard an unverified Income Tax Return before verification and submit a fresh return online. https://english.mathrubhumi.com/lifestyle/how-to/how-to-discard-unverified-income-tax-return-before-verification-itn6xht8?utm_source=dlvr.it&utm_medium=mastodon #IncomeTax #ITRFiling #IncomeTaxReturn #TaxFiling

Tax office vs tax office: Sitharaman's own department faces the paperwork maze https://english.mathrubhumi.com/news/india/nirmala-sitharaman-income-tax-citizen-services-2026-bjvrcvwh?utm_source=dlvr.it&utm_medium=mastodon #NirmalaSitharaman #IncomeTax #FinanceMinistry #GovernmentServices

Professional classes stand in way of tax on the super-rich | Phillip Inman
By Phillip Inman

If the prime minister wants to make the system fairer he will need to upset the professional classes with a land value tax

https://www.theguardian.com/politics/2026/jul/25/andy-burnham-tax-super-rich-gen-x-baby-boomers-professional-class

#Taxandspending #EconomicgrowthGDP #AndyBurnham #Economicpolicy #Labour #Capitalgainstax #Incometax #Counciltax #Business #Politics #Stampduty #Thesuperrich #TheGuardian #PhillipInman

Good Morning #Canada
Around this time over 100 years ago the then Minister of Finance announced that #IncomeTax would be implemented. It was 1917 and #WWI had created a huge deficit in government coffers. Income Tax contributions went from zero in 1917 to over 51% of federal revenue today. Taxes are simultaneously unloved and under appreciated, but they do provide a reason for the Fraser Institute to exist.

#CanadaIsAwesome #CanPoli
https://thecanadianencyclopedia.ca/en/article/income-tax

Good Morning #Canada
Around this time over 100 years ago the then Minister of Finance announced that #IncomeTax would be implemented. It was 1917 and #WWI had created a huge deficit in government coffers. Income Tax contributions went from zero in 1917 to over 51% of federal revenue today. Taxes are simultaneously unloved and under appreciated, but they do provide a reason for the Fraser Institute to exist.

#CanadaIsAwesome #CanPoli
https://thecanadianencyclopedia.ca/en/article/income-tax

Andy Burnham signals a wealth tax is off the agenda for now
By Kiran Stacey Policy editor

Incoming prime minister says he doesn’t want to ‘create new divisions’ as Mahmood is tipped to be chancellor

https://www.theguardian.com/politics/2026/jul/15/andy-burnham-wealth-tax-off-agenda-for-now

#Taxandspending #Inequality #UKnews #Politics #AndyBurnham #Economicpolicy #Labour #Incometax #TheGuardian #KiranStaceyPolicyeditor

Andy Burnham signals a wealth tax is off the agenda for now https://www.theguardian.com/politics/2026/jul/15/andy-burnham-wealth-tax-off-agenda-for-now #TaxAndSpending #Inequality #UkNews #Politics #AndyBurnham #EconomicPolicy #Labour #IncomeTax

Andy Burnham signals a wealth tax is off the agenda for now https://www.theguardian.com/politics/2026/jul/15/andy-burnham-wealth-tax-off-agenda-for-now #TaxAndSpending #Inequality #UkNews #Politics #AndyBurnham #EconomicPolicy #Labour #IncomeTax

Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
By Heather Stewart Economics editor

Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public services

https://www.theguardian.com/business/2026/jul/09/andy-burnham-scrap-income-tax-national-insurance-fiscal-overhaul

#AndyBurnham #Economicpolicy #Economics #Business #Taxandspending #Tax #UKnews #Politics #Incometax #Nationalinsurance #Money #LouiseHaigh #HeatherStewartEconomicseditor

Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul https://www.theguardian.com/business/2026/jul/09/andy-burnham-scrap-income-tax-national-insurance-fiscal-overhaul #AndyBurnham #EconomicPolicy #Economics #Business #TaxAndSpending #Tax #UkNews #Politics #IncomeTax #NationalInsurance #Money

Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul https://www.theguardian.com/business/2026/jul/09/andy-burnham-scrap-income-tax-national-insurance-fiscal-overhaul #AndyBurnham #EconomicPolicy #Economics #Business #TaxAndSpending #Tax #UkNews #Politics #IncomeTax #NationalInsurance #Money

Now we know how much tax King Charles pays, and it is very little https://www.theguardian.com/uk-news/2026/jun/26/now-we-know-how-much-tax-king-charles-pays-and-it-is-very-little #KingCharlesIii #Monarchy #UkNews #Tax #IncomeTax #Money

Now we know how much tax King Charles pays, and it is very little https://www.theguardian.com/uk-news/2026/jun/26/now-we-know-how-much-tax-king-charles-pays-and-it-is-very-little #KingCharlesIii #Monarchy #UkNews #Tax #IncomeTax #Money

The income tax has made liars out of more Americans than golf.
-- Will Rogers

⬆ #Wisdom #Quotes #WillRogers #Americans #Humor #IncomeTax

⬇ #Photography #Panorama #Panopainting #Seashells #Everglades #Florida

The income tax has made liars out of more Americans than golf.
-- Will Rogers

⬆ #Wisdom #Quotes #WillRogers #Americans #Humor #IncomeTax

⬇ #Photography #Panorama #Panopainting #Seashells #Everglades #Florida

Orchestrate Taxes. Locally. Intelligently: Inside the New JPT Income Tax Suite v4.0

Tax compliance has traditionally forced a difficult compromise: to get intelligent automation and deep insights, you had to surrender your most sensitive financial data to the cloud.

With the release of JPT Income Tax Suite v4.0, that compromise is over.

Engineered by JackPaul Technologies, the v4.0 Enterprise update is a decentralized, local-first tax orchestration engine designed specifically for the complexities of the Indian tax framework. It brings the power of advanced AI directly to your local machine, wrapped in a breathtaking, hardware-accelerated OLED interface.

Here is a look at the architecture and capabilities driving the next generation of tax compliance.

1. Absolute Data Sovereignty: 100% Local

In an era of constant cloud vulnerabilities, your financial identity belongs on your own hardware. JPT v4.0 is built on a Zero-Trust Physical Vault Architecture.

Every computation, hash, and document is processed and stored locally on your SSD. With military-grade AES-256 encryption and an offline-first mandate, the system ensures zero cloud exposure and absolute data privacy. The result is total control over your financial footprint with 0.00ms network latency.

2. Sentinel AI: The Autonomous RAG Layer

At the heart of the suite is Sentinel AI, a proprietary Intelligence Engine powered by local vector databases and Retrieval-Augmented Generation (RAG). Instead of static calculators, v4.0 utilizes autonomous agents to actively audit your finances:

• Neural DB: A locally hosted, vectorized knowledge base that continuously updates with the latest Indian budget mandates and tax laws.
• Agent Jack: A dedicated optimization agent that handles real-time Section 80 deductions, complex Capital Gains analysis, and 10-year roadmap forecasting.
• Agent Paul: A payroll and compliance specialist focused on automated Form 16 verification and intelligent salary annexure validation.

3. Zero-Touch Tax Logic & Automation

Tax planning shouldn’t be a frantic rush at the end of the fiscal year. The suite introduces Intelligent Payslip Nudges—a system that quietly monitors monthly salary inflows and identifies missing investment proofs long before the TDS freeze.

By analyzing cash flow anomalies in real-time, the engine discovers legal pathways to optimize deductions, ensuring you never pay more than required. When it’s time to file, the system generates perfect Chapter VI-A deductions and comprehensive, CA-ready Excel reports with a single click.

4. An Interface Engineered for Focus

Powerful software shouldn’t look like a spreadsheet. The v4.0 Command Hub is built on a premium “True Black” OLED design system. Utilizing deep glassmorphism, responsive ambient lighting, and fluid hardware-accelerated transitions, the interface reduces cognitive load. Users can navigate distinct client vaults through a centralized, searchable command pill, viewing real-time physical storage statuses at a glance.

The Future of Compliance

JPT Income Tax Suite v4.0 is more than just tax software; it is a financial command center. By combining the raw power of local AI with uncompromising data sovereignty, it transforms tax compliance from a yearly burden into an intelligent, automated, and secure workflow.

Orchestrate Taxes. Locally. Intelligently: Inside the New JPT Income Tax Suite v4.0

Tax compliance has traditionally forced a difficult compromise: to get intelligent automation and deep insights, you had to surrender your most sensitive financial data to the cloud.

With the release of JPT Income Tax Suite v4.0, that compromise is over.

Engineered by JackPaul Technologies, the v4.0 Enterprise update is a decentralized, local-first tax orchestration engine designed specifically for the complexities of the Indian tax framework. It brings the power of advanced AI directly to your local machine, wrapped in a breathtaking, hardware-accelerated OLED interface.

Here is a look at the architecture and capabilities driving the next generation of tax compliance.

1. Absolute Data Sovereignty: 100% Local

In an era of constant cloud vulnerabilities, your financial identity belongs on your own hardware. JPT v4.0 is built on a Zero-Trust Physical Vault Architecture.

Every computation, hash, and document is processed and stored locally on your SSD. With military-grade AES-256 encryption and an offline-first mandate, the system ensures zero cloud exposure and absolute data privacy. The result is total control over your financial footprint with 0.00ms network latency.

2. Sentinel AI: The Autonomous RAG Layer

At the heart of the suite is Sentinel AI, a proprietary Intelligence Engine powered by local vector databases and Retrieval-Augmented Generation (RAG). Instead of static calculators, v4.0 utilizes autonomous agents to actively audit your finances:

• Neural DB: A locally hosted, vectorized knowledge base that continuously updates with the latest Indian budget mandates and tax laws.
• Agent Jack: A dedicated optimization agent that handles real-time Section 80 deductions, complex Capital Gains analysis, and 10-year roadmap forecasting.
• Agent Paul: A payroll and compliance specialist focused on automated Form 16 verification and intelligent salary annexure validation.

3. Zero-Touch Tax Logic & Automation

Tax planning shouldn’t be a frantic rush at the end of the fiscal year. The suite introduces Intelligent Payslip Nudges—a system that quietly monitors monthly salary inflows and identifies missing investment proofs long before the TDS freeze.

By analyzing cash flow anomalies in real-time, the engine discovers legal pathways to optimize deductions, ensuring you never pay more than required. When it’s time to file, the system generates perfect Chapter VI-A deductions and comprehensive, CA-ready Excel reports with a single click.

4. An Interface Engineered for Focus

Powerful software shouldn’t look like a spreadsheet. The v4.0 Command Hub is built on a premium “True Black” OLED design system. Utilizing deep glassmorphism, responsive ambient lighting, and fluid hardware-accelerated transitions, the interface reduces cognitive load. Users can navigate distinct client vaults through a centralized, searchable command pill, viewing real-time physical storage statuses at a glance.

The Future of Compliance

JPT Income Tax Suite v4.0 is more than just tax software; it is a financial command center. By combining the raw power of local AI with uncompromising data sovereignty, it transforms tax compliance from a yearly burden into an intelligent, automated, and secure workflow.

Is it time Australia increased its GST rate?

We have the lowest Consumption Goods Tax rate in the developed world at 10%, plus we only tax a narrow range of goods.

Most countries apply the taxes at between 15 and 27%, across a much broader range of goods. The OECD average is 19.3%.

Our budget income from personal income tax, by far the biggest contributor at around 50%, really can't be pushed higher and will only drop as the workforce ages out without being replaced in equal numbers due to the lower birthrate. Automation will also reduce the workforce, adding to the burden on the budget is support payments.

Are we relying too much on income taxes?

#AusPol #IncomeTax #Taxes

Is it time Australia increased its GST rate?

We have the lowest Consumption Goods Tax rate in the developed world at 10%, plus we only tax a narrow range of goods.

Most countries apply the taxes at between 15 and 27%, across a much broader range of goods. The OECD average is 19.3%.

Our budget income from personal income tax, by far the biggest contributor at around 50%, really can't be pushed higher and will only drop as the workforce ages out without being replaced in equal numbers due to the lower birthrate. Automation will also reduce the workforce, adding to the burden on the budget is support payments.

Are we relying too much on income taxes?

#AusPol #IncomeTax #Taxes

King Charles to publish personal tax bill in first for UK head of state https://www.theguardian.com/uk-news/2026/jun/20/king-charles-to-publish-personal-tax-bill-in-first-for-uk-head-of-state #Monarchy #UkNews #KingCharlesIii #Tax #IncomeTax

King Charles to publish personal tax bill in first for UK head of state https://www.theguardian.com/uk-news/2026/jun/20/king-charles-to-publish-personal-tax-bill-in-first-for-uk-head-of-state #Monarchy #UkNews #KingCharlesIii #Tax #IncomeTax

Look under the hood. There are ‘echoes of 2006’ in the Irish economy – The Irish Times

A bit like a footballer who celebrates getting on the World Cup scoresheet after…
#NewsBeep #News #Economy #ArtificialIntelligence #Budget #Business #celtic-tiger #central-bank-of-ireland #Corporationtax #Costofliving #datacentres #DonaldTrump #IncomeTax #Iran #IrishFiscalAdvisoryCouncil #Oil #seamus-coffey #simon-harris #straitofhormuz #Tax #UK #UnitedKingdom #UnitedStates
https://www.newsbeep.com/uk/646886/

Why Vaibhav Sooryavanshi's ₹7 Crore IPL Earnings May Be Taxed Differently In India

https://fed.brid.gy/r/https://in.mashable.com/culture/110509/why-vaibhav-sooryavanshis-rs7-crore-ipl-earnings-may-be-taxed-differently-in-india

Bezos Proposes Zero Income Tax for Half of Americans, Targets Trump

Jeff Bezos proposes that the bottom 50% of earners pay no income tax. This plan could change taxes for millions.

#JeffBezos, #IncomeTax, #TaxPolicy, #USPolitics, #Economy

https://newsletter.tf/bezos-no-income-tax-for-half-americans/

Bezos Proposes Zero Income Tax for Half of Americans, Targets Trump

Jeff Bezos proposes that the bottom 50% of earners pay no income tax. This plan could change taxes for millions.

#JeffBezos, #IncomeTax, #TaxPolicy, #USPolitics, #Economy

https://newsletter.tf/bezos-no-income-tax-for-half-americans/

Jeff Bezos, worth $224 billion, wants the lowest earning 50% of Americans to pay zero income tax. This is a major change from current tax rules.

#JeffBezos, #IncomeTax, #TaxPolicy, #USPolitics, #Economy
https://newsletter.tf/bezos-no-income-tax-for-half-americans/

Jeff Bezos, worth $224 billion, wants the lowest earning 50% of Americans to pay zero income tax. This is a major change from current tax rules.

#JeffBezos, #IncomeTax, #TaxPolicy, #USPolitics, #Economy
https://newsletter.tf/bezos-no-income-tax-for-half-americans/

Trust Income and Shifting Tax Sands

A new tax proposal may change how income from trusts is taxed for those earning $180,000 annually from capital gains and dividends. Find out what could change.

#TrustTax, #IncomeTax, #CapitalGains, #DividendTax, #FinancialPlanning

https://newsletter.tf/new-trust-tax-proposal-affects-180000-payouts/

Trust beneficiaries earning $180,000 annually from capital gains and dividends could see changes to their net income due to a new tax proposal.

#TrustTax, #IncomeTax, #CapitalGains, #DividendTax, #FinancialPlanning
https://newsletter.tf/new-trust-tax-proposal-affects-180000-payouts/

I still pay my Michigan state income tax the old-fashioned way. I fill out the forms and mail them in. Today I got a letter from the state Treasury Department informing me that their review of my return has resulted in an adjustment. As I read this I thought, "Uh oh". But it turns out that they have added 5 dollars to my refund! Well okay then!

#tax #taxes #IncomeTax #Michigan

Taxing the rich is very effective.
The Massachusetts state tax on its highest earners has already generated more than $3.1 billion in revenue this fiscal year, with still two months to be counted: https://archive.is/qPOHn 🧵

#incomeTax #taxes #taxTheRich #budget #Massachusetts #redistribution #reallocation

Taxing the rich is very effective.
The Massachusetts state tax on its highest earners has already generated more than $3.1 billion in revenue this fiscal year, with still two months to be counted: https://archive.is/qPOHn 🧵

#incomeTax #taxes #taxTheRich #budget #Massachusetts #redistribution #reallocation

ITR forms are out, but why are experts asking salaried taxpayers to wait till June 15? https://english.mathrubhumi.com/news/money/itr-filing-guide-ay-2026-27-salaried-taxpayers-gl1x5w39?utm_source=dlvr.it&utm_medium=mastodon #ITR #IncomeTax #TaxReturn #Form16 #AIS

Withdrawing EPF early? Income tax and TDS rules may hit salaried employees https://english.mathrubhumi.com/news/money/epf-withdrawal-rules-tax-implications-2026-sta8ircf?utm_source=dlvr.it&utm_medium=mastodon #EPF #EPFO #IncomeTax #PFWithdrawal #TaxRules

🚨 Business News | GTVNewsHD
The government is considering income tax relief for salaried employees instead of increasing salaries in the upcoming budget. The move aims to provide financial relief amid rising inflation.
#GTVNewsHD #PakistanBudget #IncomeTax #SalariedClass #BusinessNews #BreakingNews
https://gtvnewshd.com/business/2026/05/11/government-eyes-income-tax-cuts-for-salaried-workers-instead-of-pay-raises/

How to File ITR Online for AY 2026-27: Complete Step-by-Step Guide

AY 2026-27 returns cover income earned in FY 2025-26 and are filed under the Income Tax Act 1961 — even though the new Income Tax Act 2025 came into force April 1, 2026. T...

https://wowhow.cloud/blogs/itr-filing-online-2026-27-step-by-step-guide-india

#wowhow #itrfiling #incometax #ay202627

How to File ITR Online for AY 2026-27: Complete Step-by-Step Guide

AY 2026-27 returns cover income earned in FY 2025-26 and are filed under the Income Tax Act 1961 — even though the new Income Tax Act 2025 came into force April 1, 2026. T...

https://wowhow.cloud/blogs/itr-filing-online-2026-27-step-by-step-guide-india

#wowhow #itrfiling #incometax #ay202627

https://www.huffpost.com/entry/steven-roth-tax-the-rich-racial-slur_n_69fa3fa7e4b04a49ec0bb01a

Is anyone surprised they feel like this? Bet this is a test balloon for getting Trump to make it illegal to tax the rich

You may be struggling in the current U S. economy, but lots of big #corporations get to pay zero #incometax. https://www.commondreams.org/news/88-companies-no-income-tax

@cwebber @bkastl In that case: let them pay income tax as well. #ai #IncomeTax

https://www.gocomics.com/pearlsbeforeswine/2026/04/13

I don't think that'll work

#music #musicsky #playlist #spotify #taxes #incometax 💸 💵 🏦 Do I have a playlist for every conceivable human experience and activity? Well, not quite – but I do have this one: open.spotify.com/playlist/6kR...

Songs to Listen to While Prepa...

#OpenAI investor #VinodKhosla proposes eliminating #incometax for Americans earning less than $100,000 by raising capital gains taxes. He argues this would address voter fears about #AI #jobdisplacement and ease the transition of wealth and power. Khosla believes AI will be a major issue in the 2028 US presidential election. https://www.ft.com/content/7de1d3c5-0d0c-46b1-b2b7-dbf6f5226069?eicker.news #tech #media #news

“I’ve told them not to rely on any exceptional circumstances provisions from HMRC. I can’t imagine HMRC are very sympathetic here.”

I should bloody well hope not.

https://www.theguardian.com/politics/2026/mar/14/wealthy-british-nationals-fleeing-gulf-conflict-bypass-uk-to-avoid-tax-bills

#TaxAvoidance #IncomeTax #UAE #Dubai #HMRC

Wealthy British nationals fleeing Gulf conflict bypass UK to avoid tax bills https://www.theguardian.com/politics/2026/mar/14/wealthy-british-nationals-fleeing-gulf-conflict-bypass-uk-to-avoid-tax-bills #Hmrc #TaxAvoidance #CapitalGainsTax #IncomeTax #UkNews #UnitedArabEmirates #Dubai #Money #France #Ireland #Business #UsisraelWarOnIran

Filed our #incometax es in #Canada yesterday. While #Intuit is an evil corp, #turbotax does make things amazingly simple - answers everything same as last year assuming nothing has changed, imports all your T4 and T3 and other forms from #CRA 's website automatically, then #netfiles your return. So its "yes, they're evil and its a grift, but the product still _works_ and saves me time."

I just wish we were like #Denmark and #Sweden where the government just files your taxes for you.

#Palantir Pays Zero Federal #IncomeTax Despite Explosive Growth, Largely Due to #Trump Tax Law

by Matthew Gardner, February 17, 2026

"The CEO of Palantir, the tech company known for equipping #ICE with #AITools that hack into people’s phones, recently said he runs 'the first company to be completely #AntiWoke.' This week, we learned that a key part of being anti-woke is, apparently, not paying taxes.

"In its recent earnings call summarizing fiscal year 2025, a Palantir exec crowed that the company’s explosive growth and profitability for the year was 'one of the truly iconic performances in the history of corporate performance.' But the company neglected to mention one weird trick that also fueled its 2025 growth: this is the third straight year that a profitable Palantir has avoided paying even a dime of federal income tax on its earnings.

"Palantir’s annual financial report, released this week, shows the company enjoyed $1.5 billion of U.S. income and paid exactly zero federal income tax. At the 21 percent federal income tax rate profitable companies theoretically pay, Palantir should have paid $330 million.

"While the company used a variety of tax breaks to achieve this, the most obvious is the new tax break enacted by Congress at the behest of President Trump last summer. The 'One #BigBeautifulBill' allows companies to (retroactively) immediately deduct their research expenses, rather than writing them off gradually over time in line with the income generated from that research. Palantir reduced its taxes by over $400 million using this provision.

"U.S. #taxpayers are paying multiple times for the services provided by Palantir, which the Trump administration finds so valuable. First, we pay the bill for the government contracts signed with the company, for example, the deal signed in April for Palantir to provide ICE with a system to track immigrants. Then we pay again with subsidies provided through the tax code, including the $400 million for the 'research' the company has done to create these innovations in government surveillance.

"It’s not news that helping the Trump administration with its policy goals can be enormously profitable. But it’s important to recognize that Palantir’s recent success has been helped substantially by a far more pedestrian tool: handouts from American taxpayers."

Source:
https://itep.org/palantir-pays-zero-tax-trump-tax-law-ice/

#USPol #WorldPol #WarMachines #Spying #SpyMachines #BigBrother #SurveillanceState #PayYourTaxes #TaxTheWarMachines #AbolishPalantir #NoWar #TaxTheRich #TaxCorporations #BigUglyBill #TrumpSucks