Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
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Over 10 million people filed their tax returns in March and April for 2023
A record number of people filed their income tax returns for 2023 during the months of March and April. The tax authority received 10.3 million tax returns in total.Private citizens and business owners had until Tuesday to file their taxes. Over 3.1 million people requested a postponement this year. Over 9.8 million income tax returns were filed on time in 2023, about 370,000 more than the year before.
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Legislature approves tax cut package, Governor says she will veto
The Kansas Legislature adjourned on Tuesday after approving a new tax cut package. The new proposal is a slight modification of the previous plan that Governor Laura Kelly had vetoed. The bill would restructure income taxes into