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LUZERNE COUNTY COUNCIL WORK SESSION April 09, 2019, Council Meeting Room Luzerne County Courthouse 200 N. River Street WilkesBarre, PA 18701 IMMEDIATELY FOLLOWING VOTING SESSION WORK SESSION CALL
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A tax hike refers to an increase in taxes imposed by the government on individuals or businesses, which can occur at various levels, including federal, state, or local.
Individuals and businesses that are subject to the increased tax rates or changes in tax legislation are required to file their tax returns reflecting the new rates.
To fill out a tax return impacted by a tax hike, individuals or businesses should use the appropriate tax forms, provide accurate income and deduction information, and apply the new tax rates or rules as specified by tax authorities.
The purpose of a tax hike is typically to generate additional revenue for government programs, infrastructure, public services, and to address budget deficits.
Taxpayers must report their total income, applicable deductions, tax credits, and any other relevant financial information as required by tax authorities following the guidelines set due to the hike.
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