Tag: Taxpayers

The Inflation Reduction Act mainly affects the top 1 percent of taxpayers

one in new analysisThe Tax Policy Center found that the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes will increase by $6,060 (0.3 percent of after-tax income) in 2023 for the top 1 percent of households with incomes over nearly $1 million. The TPC estimates that the top 0.1 percent (income […]

New facilities for taxpayers on GST Portal in March 2022

The article explains about the new functionalities made available for the taxpayers on the GST Portal (March, 2022) which include creation of link for Manipur, improvements made in search taxpayer functionality, mandatory Aadhaar authentication/Aadhaar for Form GST REG-21 Enrollment IDs are related to the form. GST CMP-02, Changes made on Portal for Composition Taxpayers engaged […]

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