In a big relief to home buyers, Finance Minister Nirmala Sitharaman in her maiden budget speech on Friday announced an additional ₹1.5 lakh income tax deduction on home loan interest paid for buyers of affordable homes till March 2020.
amazon s stock, which is his form of compensation going up like $100 billion. yeah, $135 billion. here s the deal, if you rolled back the corporate tax cuts that president trump passed, which gave corporations an enormous tax windfall last year corporate profits were up 26% on average, 13 percentage points of that were tax related. now, we had a stated rate of 35%, that no corporation ever paid. i d roll that back to 27%, restore the state and local income tax deductions and do things that would help individuals. taxing billionaires may not be a big enough pool to bring money back to the government. corporations are now paying the smaller share of federal revenues in history. there s i think a much bigger pot of money at the corporate level than there is at the individual level. okay. let me let ladies in, because i have a lot of heads shaking. everybody s heads are shaking. i know, i know. let s let everybody jump in.
april 1st. if you already filed your taxes and found your return is much smaller than in previous years you re not alone. a growing number of americans have learned their returns will be less than expected and in some cases they may owe money to the irs after years of receiving refunds. it s the first tax season under president trump s new tax code after it was passed by republicans in congress in december of 2017. according to the data from the irs for the week ending february the 1st the average refund this year is down 8.4% from last year to $1865. some refunds have decreased because of changes in the law such as a new limit on property and local income tax deductions while others are lower because of changes to withholdings and paychecks. lower refunds have resulted in some taking to social media using #goptaxscam to express their anger at the plan.
need to do x, y and z. the president, depending on you look at the language, many manufacturing companies are more incentivized. companies brought back a trillion in stock. that s great for shareholders. did not go into wages. it s not gone into capital expenditures which was part of the incentive program that was written into the tax code. he s not helped the average individual. one could argue the average individual is shouldering the tax burden for the corporate tax cuts. next year people will be surprised at what they owe given the removal of state and local income tax deductions. those will disappear on your tax return next year and you re paying for that reduced