#income tax education

[tyariexamki]

Income Tax e - filing Online Course. Upgrade your Tax e filing Practice through tyariexamki.com. Job Oriented Course

For more information

Visit us:- https://www.tyariexamki.com/.../Income-Tax-Return-E...

[reality-detective]

I'll leave this 👆 here... You Decide 🤔

[politijohn]

Source

[queerism1969]

[dontmeantobepoliticalbut]

Shortly after wrapping up an inaugural legislative session in 2019 that included hiking the state’s minimum wage, legalizing cannabis and passing a historic $45 billion statewide construction program supported by expanded gambling and a host of increased taxes and fees, Gov. J.B. Pritzker sought to reassure a group of Chicago business leaders that he wasn’t just another tax-and-spend liberal.

Addressing the Executives’ Club of Chicago, Pritzker, a billionaire heir to the Hyatt Hotels fortune and a prominent tech investor, said he would pursue a “rational, pragmatic, progressive agenda” that ultimately would pay dividends for the state budget and Illinois’ economy.

“I’m a businessman. I’m a progressive. I’m a believer in growing the economy and lifting up people’s wages,” Pritzker said at the time.

Now in his second term and preparing to play host to this summer’s Democratic National Convention in Chicago, while also eyeing his own future White House run, Pritzker’s identity as a self-described “pragmatic progressive” is being put to the test. The state faces its most challenging budget outlook since the first year of the COVID-19 pandemic, the governor continues to grapple with controversies over his handling of criminal justice issues and leaders on both sides of the political divide say Pritzker’s approach sometimes falls short of fully addressing the state’s biggest problems.

The latest assessment of Pritzker’s strategy will undoubtedly play out in Springfield in the coming weeks.

With March primaries come and gone, work is underway in earnest on approving a state spending plan for the coming budget year before the General Assembly’s scheduled May 24 adjournment. The proposal Pritzker laid out in February attempted to build on past progressive successes — such as last year’s expansion of state-funded preschool programs — without overpromising and potentially jeopardizing the state’s hard-won credit upgrades, a core accomplishment the governor guards jealously.

It’s a balancing act that’s key to Pritzker’s political persona as he builds his national profile, and one that will hinge on the governor’s ability to satisfy Democratic lawmakers who want more money for their legislative priorities while not resorting to the kinds of budgetary gimmicks that created the state’s long-running fiscal instability.

“Obviously the governor and his administration carry forward sort of a number of elements of the core progressive banner in terms of policy and program, and that’s a part of an identity,” said Joe Ferguson, president of the Civic Federation, a nonpartisan budget watchdog. “What is not usually coupled with that identity is fiscal responsibility. … This sort of fiscal responsibility is a kind of kryptonite against the narrative that would usually come from conservatives.”

‘ISN’T ROOM FOR OTHER SPENDING’

While Pritzker promotes the “pragmatic progressive” agenda publicly, he also pushes it privately. In a February text to state Rep. Jehan Gordon-Booth of Peoria, the top budget negotiator for the House Democrats, the governor noted that “almost all of the few new things” he was introducing in his budget plan were at “no cost (or very low cost).”

“There is a bunch of stuff focused on the Black caucus, including addressing maternal mortality,” Pritzker wrote to Gordon-Booth in the message, obtained through an open-records request. “But there really isn’t room for other spending this year.”

Indeed, Pritzker’s plan both dabbles in progressive priorities — a child tax credit and a sales tax measure that will skim some funds away from big retailers — while also keeping an annual increase in school funding to the minimum amount required by law and steering clear of more structural tax changes pushed by progressives.

A few points the governor made in his proposal seemed tailor-made for bipartisan appeal: a $12 million child tax credit for low- and moderate-income families and the elimination of the state’s 1% sales tax on groceries.

While also popular with Republicans, elimination of the grocery tax has progressive appeal because Pritzker has framed it as an effort to abolish a regressive tax that hits those on the lowest rungs of the economic ladder the hardest. It’s also a tax cut that is easier on the state’s bottom line in a tight budget year because revenue from the tax flows not into the state’s coffers but to local governments.

The day after Pritzker’s budget address in February, state Sen. Donald DeWitte, a St. Charles Republican, said he was “thrilled” Pritzker proposed scrapping the grocery tax, but he said the governor should also be devising a way to ensure local governments don’t pass the burden of the lost revenue onto residents. While it’s possible Pritzker could be trying to appease the GOP, the proposal doesn’t go far enough, DeWitte said.

“Any opportunity to take stress off of Illinois families is a good thing,” said DeWitte, a former mayor of St. Charles who also serves as one of the Senate GOP’s budget negotiators. “But there are always ramifications that have to be dealt with, and so far, I don’t think the administration has been willing to deal with the ramifications of simply removing that tax without considering the other side of that revenue equation, which is the hit that will go to local governments.”

The Civic Federation still is evaluating the governor’s budget proposal, including the idea of eliminating the grocery tax, but Ferguson said it’s important to look at that idea in the full context of all the state funds that flow to local governments.

“You have to do the math on what additionally has been sent to the local level with what is essentially being taken away with the grocery tax and see what it amounts to,” Ferguson said. “It amounts to a far less dire situation than the localities appear to be projecting.”

Another idea with the potential to attract Republican support is the child tax credit. But both DeWitte and some progressives find themselves in the odd position of agreeing with each other in supporting the idea but also thinking it could be more ambitious.

“The governor has allocated $12 million for this, and that just doesn’t get you very far,” said state Rep. Will Guzzardi, a Chicago Democrat who co-chairs the House Progressive Caucus.

Democratic state Sen. Mike Simmons of Chicago has introduced a more robust tax credit than the one pitched by Pritzker; it would cover families with children up to age 17, rather than age 3.

Negotiations for the credit, as well as the rest of the budget, are ongoing.

“It was a win that the governor put this in his budget. It allows us to have this discussion at another level,” Simmons said.

TIGHT FISCAL REINS

Several of the governor’s belt-tightening measures — from increasing school funding by the bare minimum to cutting back on state-funded health care for immigrants who are in the country without legal permission — have drawn scrutiny from his political left.

While Pritzker speaks frequently about the importance of education funding and brags about boosting funding for elementary and high schools by more than $1.4 billion since taking office, the reality is that he’s only kept up with the minimum target of increasing state funding by $350 million per year.

Advocates long have warned that those increases are not enough to meet the state’s goals of adequately funding public schools under a state aid formula signed into law in 2017 by his predecessor, Republican Gov. Bruce Rauner.

Failing to go above the minimum increase has been a long-running source of frustration for Rep. Will Davis, a Democrat from south suburban Homewood who was one of the sponsors of the 2017 school funding overhaul and chairs the House Appropriations Committee that oversees K-12 funding.

“We tried to put a trajectory out there to try to get to full funding. And the reality, I don’t think we’ll ever actually get to that,” said Davis, who for years has pushed for at least a $500 million increase annually. “But we have to make bigger strides to at least show that we’re trying to get to what we would call full funding.”

Although Davis notes the education funding formula was crafted when Rauner, not Pritzker, was in office, the Democratic lawmaker said that doesn’t alter his overall message to Pritzker.

“Governor, why not work with us? Let’s make sure that we find the resources so that we can ramp up the funding in a different way,” Davis said a few days after Pritzker pitched his budget.

This year, Pritzker and state lawmakers will face added pressure to boost school funding from the politically progressive Chicago Teachers Union, which has signaled it will be looking to Springfield for more money for Chicago Public Schools as it negotiates a new contract with a City Hall run by its strongest ally, Mayor Brandon Johnson.

Tensions between Pritzker’s progressive ideals and his pragmatic approach also have arisen over state-funded health insurance for older Illinois residents who are in the country without legal permission.

The debate over how to deal with ballooning costs in the program delayed passage of the state budget last year, a dispute between Democratic factions — including Black and Latino lawmakers and moderates and progressives — that was only resolved when Pritzker agreed to a deal that gave his administration the power to rein in the program’s costs.

His moves to close enrollment for younger participants, begin charging co-pays and, more recently, to stop offering the program to green card holders who are in a five-year waiting period for federal Medicaid benefits, have drawn the ire of immigrant rights and health care advocates and some progressive lawmakers.

Last month, for example, Rep. Norma Hernández, a Democrat from Melrose Park elected in 2022 with the backing of progressive stalwart U.S. Rep. Jesús “Chuy” García, criticized the latest move as a “short-term cost-saving measure, not a long-term” solution.

In his proposal, Pritzker suggested spending on the program from the state’s general fund be reduced to $440 million, which is $110 million less than what was committed this fiscal year. But the administration is also proposing spending nearly $200 million more on the program from other funding sources, with much of that money coming from a federal match to emergency services funding.

The maneuvers have created some dissonance between Pritzker’s actions and political rhetoric. In a news release touting the expansion of eligibility to those ages 42 to 54 in 2022, he declared: “From day one of my administration, equity has been — and will always be — our north star. Everyone, regardless of documentation status, deserves access to holistic health care coverage.”

‘GROW THE PIE’

In the longer term, some progressives are looking for additional moves that would bring in more revenue from the richest Illinoisans and large corporations, Guzzardi said.

A tax change for retailers was one example that made it into the proposed budget, Guzzardi said. Pritzker proposed capping the money retailers can keep from sales taxes, essentially resulting in higher taxes for those businesses and more revenue for the state.

Beyond that, progressives have other ideas “about how we could grow the pie,” Guzzardi said.

“The governor’s introduced budgets don’t include those ideas, that’s true. But working within the framework of the dollars that we have, I think the governor has done a really strategic job of investing those dollars in our shared progressive priorities,” he said.

Since Pritzker’s boldest progressive proposal to change the state’s tax structure — a state constitutional amendment to create a graduated-rate income tax — was resoundingly defeated at the ballot box in 2020, thanks in large part to efforts by the state’s business community, the governor has focused on more arcane ways of boosting state tax revenue.

Aside from the retailer sales tax change for next year, an idea that’s been proposed and rejected previously, Pritzker is also suggesting limiting an inflation-based increase in the personal income tax exemption, essentially increasing taxes on individuals by $93 million.

PRISONER REVIEW BOARD TUMULT

The state budget isn’t the only arena in which Pritzker at times has had to triangulate his progressive policy positions with pressures from the political center and the right.

Recent tumult at the state Prisoner Review Board brought the spotlight back on the Pritzker-controlled institution that decides which state prisoners are paroled.

The makeup of the Prisoner Review Board has changed noticeably during Pritzker’s time in office — early on being labeled by Republicans as too liberal and later being criticized by some prisoners’ rights and criminal justice reform advocates for taking too hard of a line and preventing older inmates from getting the paroles they sought, moves conservatives applauded.

But in March the review board became a focus yet again when parolee Crosetti Brand was charged with stabbing 11-year-old Jayden Perkins to death and seriously injuring his mother, with whom Brand used to be in a relationship.

Released on parole in October for a separate crime, Brand was back in state custody in February after he allegedly tried to break into the residence where Jayden and his mother lived. But a three-member review board panel decided to release Brand after determining the panel didn’t have enough evidence from Jayden’s mother’s allegations to keep him behind bars.

Days after the attack made headlines, the board’s chairman, Donald Shelton, and another member resigned.

In announcing one of the resignations, Pritzker said it was clear “that evidence in this case was not given the careful consideration that victims of domestic violence deserve” and suggested reforms could be made to the way the board functions.

For Pritzker, the resignations should be “a feather in his cap,” showing that he’s willing to admit there was a grave mistake within an agency that falls under his purview, said Christopher Mooney, an emeritus professor of political science at the University of Illinois at Chicago.

But Mooney also said the board’s actions in the Brand case could entice Republicans or any other detractors to politicize Jayden’s death and use it against Pritzker if he tries to run for president.

It’s been done before, Mooney said, referring most notably to the 1988 presidential election when Republican George H.W. Bush used the early release of Willie Horton, a Massachusetts murderer who went on to commit other crimes, to paint Democrat Michael Dukakis as soft on crime.

Already, Senate Republicans have used Jayden’s death against the governor.

Illinois Sen. Jason Plummer, a Republican from Edwardsville who sits on the Executive Appointments Committee, blamed Pritzker in two lengthy social media threads about the board’s shortcomings, criticisms he echoed at a news conference and in an appearance on Fox News.

Although Pritzker called for additional training for review board members on how to handle cases where domestic violence is involved, the Senate Republicans are pushing for broader changes.

Their proposal includes requiring that appointees to the board have 20 years of experience in the criminal justice system as a prosecutor, criminal defense attorney, judge, probation officer or public defender. The GOP plan also would require victims be immediately notified of a prisoner’s release under certain circumstances and increase transparency requirements for the board.

While Senate Republicans were previously successful in 2022, when crime was a key campaign issue both statewide and nationally, in pressuring Democratic colleagues to oppose a couple of Pritzker’s appointments to the board, it’s unclear whether the GOP’s superminority will be successful again.

But Mooney and other observers have questioned how effective the Republicans will be.

“As it stands right now, it doesn’t sound like it’s going to go very far,” Mooney said the day after the board’s resignations were announced. “No. 1, because Pritzker’s all over it.”

[khasnis11]

mutual fund consultant

As a mutual fund consultant, you advise customers on how to invest in mutual funds while taking into account their goals and risk tolerance. You assess possibilities, make personalized recommendations, and remain current on market trends to make informed judgments.

[zigzagtrend]

17 Money Secrets to Help You Become a Millionaire

Hey there, future millionaire! Do you dream of having lots of money one day? Well, guess what? It’s not impossible! In fact, I’m here to share 17 secrets about money that can help you become a millionaire. Sounds exciting, doesn’t it? Let’s dive in!

The earlier you start saving and investing your money, the more it can grow. It’s like planting a seed that grows into a big tree over time.

[anarchywoofwoof]

the funny thing is that i don't think younger people - and i mean those under the age of 40 - really have a grasp on how many of today's issues can be tied back to a disastrous reagan policy:

war on drugs: reagan's aggressive escalation of the war on drugs was a catastrophic policy, primarily targeting minority communities and fueling mass incarceration. the crusade against drugs was more about controlling the Black, Latino and Native communities than addressing the actual problems of drug abuse, leading to a legacy of broken families and systemic racism within the criminal justice system.

deregulation and economic policies: reaganomics was an absolute disaster for the working class. reagan's policies of aggressive tax cuts for the rich, deregulation, and slashing social programs were nothing less than class warfare, deepening income inequality and entrenching corporate greed. these types of policies were a clear message that reagan's america was only for the wealthy elite and a loud "fuck you" to working americans.

environmental policies: despite his reputation being whitewashed thanks to the recovery of the ozone layer, reagan's environmental record was an unmitigated disaster. his administration gutted critical environmental protections and institutions like the EPA, turning a blind eye to pollution and corporate exploitation of natural resources. this blatant disregard for the planet was a clear sign of prioritizing short-term corporate profits over the future of the environment.

AIDS crisis: reagan's gross neglect of the aids crisis was nothing short of criminal and this doesn't even begin to touch on his wife's involvement. his administration's indifference to the plight of the lgbtq+ community during this devastating epidemic revealed a deep-seated bigotry and a complete failure of moral leadership.

mental health: reagan's dismantling of mental health institutions under the guise of 'reform' led directly to a surge in homelessness and a lack of support for those with mental health issues. his policies were cruel and inhumane and showed a personality-defining callous disregard for the most vulnerable in society.

labor and unions: reagan's attack on labor unions, exemplified by his handling of the patco strike, was a blatant assault on workers' rights. his actions emboldened corporations to suppress union activities, leading to a significant erosion of workers' power and rights in the workplace. he was colloquially known as "Ronnie the Union Buster Reagan"

foreign policy and military interventions: reagan's foreign policy, particularly in latin america, was imperialist and ruthless. his administration's support for dictatorships and right-wing death squads under the guise of fighting "communism" showed a complete disregard for human rights and self-determination of other nations.

public health: yes, reagan's agricultural policies actually facilitated the rise of high fructose corn syrup, once again prioritizing corporate profits over public health. this shift in the food industry has had lasting negative impacts on health, contributing to the obesity epidemic and other health issues.

privatization: reagan's push for privatization was a systematic dismantling of public services, transferring wealth and power to private corporations and further eroding the public's access to essential services.

education policies: his approach to education was more of an attack on public education than anything else, gutting funding and promoting policies that undermined equal access to quality education. this was, again, part of a broader agenda to maintain a status quo where the privileged remain in power.

this is just what i could come up with in a relatively short time and i did not even live under this man's presidency. the level at which ronald reagan has broken the united states truly can't be overstated.

[wateroflifefrommountains]

TAXES: Why teaching it in full to high schoolers might not be the brightest idea.

Hello, I'm in my 4th year of law school, and may I start my piece by stating that Tax 1 and Tax 2 are 2 of the most difficult classes in the entire curriculum. This is not a dig at the intelligence of high school students as I have met many bright high schoolers who would ace these courses; however, this is a pragmatic view on teaching kids taxation and why it may not be that realistic to teach taxation in full. Taxation is not a matter of memorization nor is it a matter of simple math, taxation is a matter of graphing and navigating a set of rules that are annoyingly and purposely complicated, reading and understanding jurisprudence to identify HOW to interpret the law, then parsing all of these before applying it to unique circumstances all before DOING MATH. Mind you, the entire body of taxation requires multiple books to encode and even more court cases to clarify. This, I believe, would be unnecessarily strenuous to the average high schooler and may result in repetition of grades. Not to mention that an average high school teacher would not be able to sufficiently teach said field as this usually requires a legal degree to teach. However, this is not to say that subsections of Taxation, those which are necessary and relevant to most people, cannot be taught in high school. Teaching kids the basics of taxation principles and income taxation is feasible as the former can be taught like most other history classes while the latter, despite being exponentially more difficult, can be simplified to the point of being taught as a GE; hence, these areas of taxation may be included in the high school curriculum. The former would explain the necessity of taxation and its role in the maintenance of the state and the rights of the taxpayer. The latter shall focus solely on income taxation - principles, computations [deductions, inclusions, and tax exemptions], and processes [where to file, when to file, how to file, how to file for a refund, how to raise a protest, etc.] If these are too complicated, it may be separated into two different classes. If the child wishes to further learn about income taxes or specialize in said field, advanced income taxation may be offered as an elective for advanced students.

[neeraj943]

DEMAT account security features in India

Trusted Chartered Accountants in Delhi ( CPA )offering services such as accounts outsourcing, company formation, and Business registration in India, DEMAT account security features in India etc. DEMAT account security features in India | Best Chartered Accountant in Delhi | CPA India | Trusted CA

[tyariexamki]

Gain the knowledge and start the practice of income tax through the Income Tax Return E-filing Course from Tyariexamki.com with ⭐️⭐️⭐️⭐️⭐️ Star Rating Course Job Oriented course

For more information Visit us:- https://www.tyariexamki.com/CourseDetail/10/Income-Tax-Return-E-filling-Course

[strategiadvizo]

Unlocking Career Opportunities with "Mastering Indian Tax Planning and Return Filing"

In the evolving landscape of the Indian economy, taxation stands as a pivotal element driving the financial framework of both businesses and individuals. With the government’s dynamic regulatory changes, especially with the introduction of GST, the demand for knowledgeable tax professionals has surged. This presents a significant career opportunity for students and aspiring professionals eager to…

[kc22invesmentsblog]

The Birth of Taxation in the United States: A Brief History of the First Income Tax

Written by Delvin In times of conflict and crisis, nations often turn to innovative solutions to fund their endeavors. In the case of the United States during the Civil War, the implementation of the first income tax in 1861 marked a significant turning point in the nation’s financial history. This historic move not only helped finance the war effort but also laid the foundation for the modern…