Pitts, a resident of Jefferson, gave his two full-time staff $1,000 bonuses along with their Christmas bonuses due to the recent tax cuts handed by the United States Congress.
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Generally speaking, the federal government levies earnings, company and payroll taxes; the state levies gross sales taxes; and municipalities or different local governments levy property taxes.
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Murphy, an avowed progressive, has referred to as for a millionaires tax — or, extra specifically, a better tax charge on those with earnings over $1 million — since taking workplace in January 2018.
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Taxes are involuntary charges levied on individuals or companies and enforced by a government entity—whether or not native, regional or nationwide—with the intention to finance authorities actions.
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Those economists say it will likely be simpler for the wealthy to avoid taxes, and harder for the government to evaluate and gather those taxes, than the candidates’ estimates recommend.
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