Tag Archives: Tax

A claim being shared on social media that the new French government plans to introduce a 90% tax on income above €400,000 is missing important context.

The post, shared more than 3,900 times on X (formerly known as Twitter) and also circulating on Facebook, says: “French government calls for a new 90% tax on any annual income above €400,000. 90%.”

A 90% tax on income above €400,000 (currently about £338,000) is part of a proposed income tax scale with 14 brackets, a policy of the France Unbowed party (La France Insoumise), which is part of the New Popular Front, a left-wing coalition of parties in France.

The New Popular Front won the most seats—182—in the second round of the National Assembly elections, which took place on 7 July.

However, while the New…

 The income tax department is investigating an Uttar Pradesh-based social media content creator on charges of alleged tax evasion on his income earned through hosting YouTube shows, official sources said Tuesday. The department came across the activities of the social media influencer based in Bareilly district of the state recently, after the state police shared with it information about his financial activities.

The I-T sleuths have recorded his statement and is looking into his transactions, bank accounts and the income tax returns (ITRs) filed by him in the past. The man hosts a share market analysis show on YouTube for the last few years and has had some income. He claimed that he has filed his ITRs and reflected all his earnings. It is being investigated, the sources…

Dear Amy: I’m a mother of two children, ages 7 and 10.

My kids enjoy playing with their friends outside of school, and I mostly don’t mind hosting playdates.

We do way more than our share of hosting, however.

One of my son’s best friends is frequently invited to our house, but rarely reciprocates.

The mom even acknowledges that they “need to have him (my son) over,” but the invite never seems to arrive.

This mom is busy (she has three kids) and rarely turns down our invitations, but rarely invites my son over.

Short of inviting ourselves to their house, is there a way to politely ask them to play there more often?

I get tired of having the same kids over and rarely getting invited back, but I don’t want my son to never get to play with his bestie, either.

Should I…

From January 1. 2022, all freelancers, independent contractors, and small business owners who sell various types of products and services will have to follow a new tax rule. As a part of this rule, the IRS will look into their digital payment service accounts, and they’ll need to account for those earnings on their tax returns. All those who accept credit card payments through PayPal, Venmo, Cash App, Zelle, or some other third-party provider, will have to report the income to the IRS.

Up until this new rule was settled, it was up to business owners and freelancers to report all the income they made by selling goods and services to customers, but now this will be under the legislation of the IRS. So, if you receive a minimum of $600 over the year, your payment service will have to…

Calcasieu Parish officials are encouraging voters to renew the Burton Coliseum and Agricultural Services property tax on Saturday because it helps maintain several important and widely-used facilities.

The parishwide tax, if renewed, would remain at its existing rate of 1.5 mills and be in place for 10 years, starting Jan. 1, 2023. Voters initially approved the tax in 1993 and renewed it in 2003 and 2012. The 2012 renewal received a 68 percent approval.

The tax is expected to generate roughly $3.8 million annually, with $3.1 million dedicated to the parish-owned Burton Coliseum Complex. Burton hosts more than 300 events every year, including the McNeese State University rodeo program, Louisiana High School Athletic Association championships, high school graduations and…