HOME/ABOUT  Prayer  SCOTUS  ProLife  BangList  Aliens  StatesRights  ConventionOfStates  WOT  HomosexualAgenda  GlobalWarming  Corruption  Taxes  Congress  Fraud  MediaBias  GovtAbuse  Tyranny  Obama  ObamaCare  Elections  Layoffs  NaturalBornCitizen  FastandFurious  OPSEC  Benghazi  Libya  IRS  Scandals  TalkRadio  TeaParty  FreeperBookClub  HTMLSandbox  FReeperEd  FReepathon  CopyrightList  Copyright/DMCA Notice  Donate

Dear FRiends, Your loyal support makes Free Republic possible and your continuing participation makes FR the number one grassroots pro-life conservative forum on the planet! If you have not yet made your donation, please click here and do so now. Thank you very much, Jim Robinson

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $31,282
35%  
Woo hoo!! And the first 35% is in!! Thank you all very much!!

Keyword: tax

Brevity: Headers | « Text »
  • A tax on non-metered downtown parking to fund bike and pedestrian improvements — yay or nay?

    04/27/2015 5:58:08 PM PDT · by TurboZamboni · 30 replies
    Pioneer Press ^ | 4-23-15 | City Hall Scoop
    The cities of Minneapolis and St. Paul are asking lawmakers to put a new tool in their toolbox, so to speak: a parking surcharge that could eventually fund downtown amenities like pedestrian walkways and bike paths. Proposed legislation would allow the Twin Cities to impose a tax on non-metered parking, including stalls in public and private ramps and surface lots, within a defined area of their respective downtowns.
  • Follow Sweden: Kill the Inheritance Tax Now

    04/17/2015 7:43:15 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 04/17/2015 | The Editors
    Class warriors on the left argue that the United States should be more like Sweden, and we agree: Senate Republicans should move forward with a plan to repeal the inheritance tax, which the House passed Thursday. Sweden had an inheritance tax for 110 years, and though the rate was sometimes quite high, the tax never became an important source of revenue. In the United States, the hated death tax produces only a fraction of a percentage point of federal revenue, though it imposes very heavy costs on a small number of families and businesses. In Sweden, the tax provoked various...
  • 27.49% of Everyone's Tax Bill Is Spent on Health Care

    04/16/2015 10:47:20 AM PDT · by free_life · 44 replies
    Weekly Standard ^ | April 16, 2015 | Jeryl Bier
    Every year since 2011, the White House has used tax time to post a "Federal Taxpayer Receipt" showing taxpayers how their federal tax dollars are being spent. President Obama introduced the concept in his 2011 State of the Union address, and Wednesday the White House posted the fifth installment so taxpayers can see how "tax dollars are being spent on priorities like education, veterans benefits, and health care." While users can punch in their own tax liability and see dollar amounts assigned to each category, the figures are based on percentages from the prior fiscal year budget. Comparing those percentages...
  • APRIL 15TH TAX DAY

    04/15/2015 6:55:24 AM PDT · by Einherjar · 5 replies
    YOU TUBE
    https://video.search.yahoo.com/video/play;_ylt=A2KLqIH3Wy5VaCEAkt77w8QF;_ylu=X3oDMTByZ2N0cmxpBHNlYwNzcgRzbGsDdmlkBHZ0aWQDBGdwb3MDMg--?p=beatles+taxman+song&vid=dfb4477b96a675e97ac888a0700f64fa&l=4%3A14&turl=http%3A%2F%2Fts1.mm.bing.net%2Fth%3Fid%3DWN.Li350nvHNx%252fYk%252filNWPk%252bw%26pid%3D15.1&rurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DMaz9ddxEQnM&tit=The+Beatles+-+Taxman&c=1&sigr=11brct2bg&sigt=10k6i9q05&sigi=1253q1eu0&age=1202293511&fr2=p%3As%2Cv%3Av&fr=yhs-invalid&tt=b
  • Obamacare’s $800 Billion Tax Hike Explained in One Chart

    04/14/2015 9:25:43 AM PDT · by QT3.14 · 8 replies
    The Daily Signal ^ | April 6, 2015 | Alex Rendon
    April 15 is right around the corner, and millions of Americans will find themselves paying more in taxes than ever thanks to Obamacare. The law is more than a fundamental change to the country’s health care system. It also is a massive tax hike. As The Heritage Foundation’s Federal Budget in Pictures shows, according to the most recent scores, Obamacare will increase taxes by nearly $800 billion for the period of 2013-2022.
  • Routt County commissioners decry Colorado Senate's 'raid' on severance tax fund

    04/08/2015 6:53:05 AM PDT · by george76 · 6 replies
    Steamboat Pilot & Today ^ | April 8, 2015 | Tom Ross
    Steamboat Springs — Routt County commissioners are among local government officials in Colorado who are railing against the latest plans of the state legislature to appropriate $20 million from the mineral severance tax fund to balance the 2015-16 budget. "Since I’ve been a commissioner, this is the fourth or fifth time they’ve raided the severance tax to take care of the state’s budget, and to the detriment of local governments,” Routt County Commission Chairman Doug Monger said. “If we don’t make noise about it, it will become a normal event. We have to get out there and say ‘This really...
  • Next Obamacare Battle: 'Cadillac Tax'

    04/06/2015 5:38:42 PM PDT · by Nachum · 22 replies
    newsmax ^ | 4/6/15 | Jason Devaney
    The Obamacare "Cadillac tax," which will tax businesses for employee health plans that are above a certain level by 40 percent, could be the next big fight in the push to either repeal or change the Affordable Care Act. This particular piece of the Obamacare law will not go into effect until 2018, but it is already causing headaches for businesses as they put together employee benefit plans. Politico has an in-depth story about the "Cadillac tax," which will apply to individual health plans worth more than $10,200 and family plans worth more than $27,500. The current system in place...
  • [Australia]set to introduce tax on bank deposits

    03/30/2015 9:40:27 AM PDT · by Lorianne · 26 replies
    ABC ^ | 28 March 2015
    The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget. The Government is heading for a fight with the banking industry, which has warned it will have to pass the cost back onto customers. Mr Frydenberg is a member of the Government's Expenditure Review Committee but has refused to provide any details
  • Stop MN Gas Tax Hike

    03/18/2015 6:06:18 AM PDT · by TurboZamboni · 7 replies
    galt.io ^ | 3-17-15 | MR RIGHT
    So Governor Mark Dayton of Minnesota wants another new tax--this time adding a 6.5% gas tax at the wholesale level, along with license fee increases and a new metro-wide sales tax for, you guessed it, mass transit. A lack of government revenue isn't what plagues our roads. About 25% of the current federal gas tax of 18.4 (not including diesel) cents per gallon is siphoned off for non-highway uses, primarily via the Mass Transit Account. As a result, the HTF must now rely on general fund bailouts to survive. Recent history here in Minnesota also proves a similar point. In...
  • Road builders want 15-cent gas tax hike

    03/12/2015 10:45:58 AM PDT · by C19fan · 26 replies
    The Hill ^ | March 12, 2015 | Keith Laing
    A group representing road builders said Thursday that the federal gas tax should be increased by 15 cents per gallon to help pay for infrastructure improvements. The American Road & Transportation Builders Association (ARTBA) said increasing the gas tax this year would raise $401 billion for new transportation spending. The gas tax hike could be offset with a “federal tax rebate for middle and lower income Americans for six years,” the group suggested.
  • Amazon Tax

    03/11/2015 6:58:12 PM PDT · by napscoordinator · 35 replies
    11 March 2015 | NapSCOORDINATOR
    Interenet Tax
  • California Legislature Considering Sales Tax Reduction For Clean Vehicles

    03/10/2015 7:04:55 AM PDT · by nascarnation · 6 replies
    The Truth About Cars ^ | 3/10/2015 | Cameron Aubernon
    Live in California and looking for more money in your wallet upon purchasing a green vehicle? The state’s legislature just might make that wish come true. The Los Angeles Times reports a bill sponsored by Assemblyman Phil Ting of San Francisco would reduce the sales tax on so-called clean vehicles from 7.5 percent to 3.06 percent. The reduction would be applied to EVs, PHEVs, FCVs and CNG-powered models. Should the legislation become law, over $92 million in tax revenue would disappear between 2016 and 2020, when the law rides off into the sunset; the figure is based on 60,000 PHEVs...
  • Pennsylvania’s new Dem Governor may tax his state out of the energy boom

    03/09/2015 6:43:18 PM PDT · by SeekAndFind · 26 replies
    Hotair ^ | 03/09/2015 | Jazz Shaw
    Unlike its foolish neighbors to the north in New York, Pennsylvania has been enjoying the fruits of the energy boom for several years now. Natural gas drilling in particular has been paying benefits to the government and the citizens, with thousands of new jobs and all of the secondary growth which is associated with higher employment levels. In November of last year, however, the citizens of the Keystone State decided to oust incumbent Republican Governor Tom Corbett and replace him with Democrat Tom Wolf. Would anyone care to hazard a guess as to what one of the new guy’s...
  • Oregon To Be First In Nation To Implement Per-Mile Road Tax Program

    03/09/2015 9:39:57 AM PDT · by nascarnation · 93 replies
    The Truth About Cars ^ | 3/9/2015 | Cameron Aubernon
    With EVs and other fuel-efficient vehicles saving consumers money at the pump, Oregon will be the first to issue a per-mile road tax to refill its coffers. Automotive News reports the state will offer two options to its motorists: pay at the pump, or pay a 1.5-cent rate per mile traversed. The latter will be conducted through a device that plugs into a vehicle’s OBD port, then gathers mileage data to determine how much the motorist will pay in tax. Right now, the program — set to begin July 1 — will be implemented by the Oregon DOT in partnership...
  • The Rubio – Lee tax overhaul plan is… better than nothing

    03/04/2015 9:13:36 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 03/04/2015 | Jazz Shaw
    I know that a lot of tax reform hawks were hoping for more of a complete overhaul, perhaps taking the form of an entirely new system which replaces the progressive tax code with a completely alternate structure. (Something along the lines of a flat tax, consumption tax, etc.) It doesn’t look like that will be happening any time soon, but Marco Rubio and Mike Lee are at least looking at some simplifications. GOP Sens. Marco Rubio of Florida and Mike Lee of Utah are rolling out an overhaul of the tax code on Wednesday that, among other things, consolidates...
  • Avoiding Payment of the Obamacare Tax With Your 2014 Form 1040

    03/03/2015 6:27:25 PM PST · by T Ruth · 16 replies
    3/3/2014 | Self
    [What follows is not legal, accounting, or tax advice, but merely the ruminations of a concerned citizen.] Until Obamacare is repealed, you should, as many have noted, adjust your withholding and estimated tax payments so that you owe a small amount of tax when you file your return, rather than overpay so that you are in a refund position. Assuming that you have done this, then you will have to make a payment when you file your income tax return. It may be that if you are not careful in how you pay your balance due, you may end up...
  • (Democrat Governor) Wolf wants Pennsylvania income, sales tax increase

    03/03/2015 1:07:25 AM PST · by prisoner6 · 26 replies
    Pittsburgh Post-Gazette ^ | March 3, 2015 | Karen Langley
    Gov. Tom Wolf is expected to call today for the Republican-controlled General Assembly to send him a budget that boosts state education funding and provides relief for school district property taxes while raising the rates of the sales and personal income taxes. His plan for doing so includes a proposal to raise the personal income tax rate in July 2015 from 3.07 percent to 3.7 percent, while increasing the eligibility for a poverty exemption, according to a briefing document prepared by the administration. He will propose increasing the state sales tax in July 2016 from 6 to 6.6 percent while...
  • Lawmakers may end tax break on jet fuel, to Delta’s dismay

    03/02/2015 5:26:46 AM PST · by thackney · 7 replies
    Fuel Fix ^ | March 1, 2015 | Associated Press
    Georgia lawmakers may eliminate a tax break for all airlines buying jet fuel at the world’s busiest airport. A bill filed in the House would cut the exemption at Atlanta’s Hartsfield Jackson Airport. Supportive lawmakers say it would help the state get federal money for aviation improvements throughout the state. They also argue the credit shouldn’t be kept in place forever....
  • White House looking to creep into 401(k)s

    03/01/2015 7:22:49 AM PST · by Enlightened1 · 39 replies
    NY Post ^ | 2/28/15 | Jonathon M. Trugman February 28, 2015 | 11:21pm
    Under the false pretense of calling for new and tougher so-called fiduciary standards for financial brokers, advisers and retirement plan representatives, the White House once again horned in on Wall Street’s compensation formulas. However, what the president surely knows is that a vast majority of retirement plans — IRAs and 401(k)s — are in simple fee-based products like mutual funds. The commission-based accounts are for those who prefer to direct their brokers in certain purchases inside some of their retirement products. The key to the White House’s interference is in its nuanced language. Currently, a broker may make a recommendation...
  • Jihadist snouts still in public trough ( Australia )

    02/28/2015 7:58:55 AM PST · by george76 · 6 replies
    News au ^ | February 23, 2015
    NOT a single welfare payment has been cancelled for terrorist recruits leaving Australia for the Middle East, or those merely deemed a national security threat, since new laws were enacted last October to crack down on the so-called welfare warriors. The Daily Telegraph revealed at the weekend that 96 per cent of the junior ­jihadis who snuck out of the country before last September had been on some form of welfare payment, prompting the introduction of new laws to stop it. ... Subsequent inquiries, however, have revealed that the new laws have yet to be used, despite some 40 more...
  • Texas Legislature Gets Down to Business

    02/27/2015 5:59:12 AM PST · by thackney · 3 replies
    Texas Alliance of Energy Producers via Rig Zone ^ | February 26, 2015 | Alex Mills
    Before the Texas Legislature got down to business a month ago, there was a strong feeling among insiders that the big issues would be water, transportation, and taxes. So far, the leadership has kept true to those projections. Already, Governor Abbott has called for a $2.2 billion reduction in property taxes and a $2 billion franchise tax decrease. Lt. Governor Dan Patrick and House Speaker Joe Straus also have stated their belief that a primary goal should be tax reduction, and funding for transportation. The House Energy and Natural Resources committees already have held a joint hearing on water and...
  • Obama administration sent 800,000 people the wrong Obamacare subsidy information--and 50,000 will...

    02/21/2015 12:37:19 AM PST · by Zakeet · 19 replies
    (UK) Daily Mail ^ | February 20, 2015 | David Martosko
    Complete Headline: Obama administration sent 800,000 people the wrong Obamacare subsidy information – and 50,000 will need to file their 2014 taxes a SECOND time The Obama administration said on Friday that the Internal Revenue Service sent incorrect tax information to about 800,000 Americans who enrolled in new medical insurance plans through Healthcare.gov. The Centers for Medicare and Medicaid Services, the Health and Human Services subagency that handles Obamacare, sent them forms that contained an error which would cause them to miscalculate the government subsidy for their insurance policies. That, the administration admitted, would change the amount of their tax...
  • Obama Admin. Announces Major Healthcare.Gov Tax Glitch

    02/20/2015 8:03:19 AM PST · by sheikdetailfeather · 25 replies
    The Blaze ^ | 2/20/15 | Fred Lucas
    Obamacare customers are being asked to wait to file their taxes this year because of yet another problem with the online system. The Obama administration acknowledge Friday that about 800,000 users of healthcare.gov were sent incorrect tax information, the Associated Press reported.
  • FREEP THIS PETITION: Say 'NO!' to the FCC Internet Takeover

    02/17/2015 7:50:20 AM PST · by Yosemitest · 23 replies
    On February 4, Federal Communications Commission Chairman Tom Wheeler proposed that the federal government reclassify the Internet from an ‘information service’ to a ‘telecommunications service’ in the name of keeping it 'fair' --a plan that came straight from Barack Obama's desk.Of course, this is nothing more than a pass for Big Government to expand its regulatory power at the expense of digital freedom. Like all innovation, the Internet wasn’t created by government… and government certainly has no power to control it. Nowhere in the Constitution is there a provision providing the federal government with power to regulate the free-flow...
  • FCC, FEC look to ruin the Internet

    02/16/2015 11:17:32 AM PST · by Enlightened1 · 14 replies
    The Washington Times ^ | 2/16/15 | Tammy Bruce
    The left lifts its boot toward the free flow of information We knew this was coming. Within the last couple of weeks, both the Federal Communications Commission and the Federal Election Commission declared their intention to regulate the Internet. Fascists always explain their actions as efforts to either make something more efficient, “fair,” or to supposedly “protect” their target. Sometimes they simply lie, like saying they’re nationalizing health insurance to make it more affordable and to increase access to health care. Now, with the feds’ latest effort, their new slogan might as well be, “If you like your Internet, you...
  • FEC latest front in Democrats’ multi-pronged assault on internet freedom

    02/11/2015 10:07:18 AM PST · by Jim Robinson · 17 replies
    hotair.com ^ | February 10, 2015 | by Noah Rothman
    The internet is under assault. At the Federal Communications Commission, regulators are hard at work crafting a plan that would turn the internet into a taxable utility. In Congress, lawmakers are determining whether and how best to tax the sales that occur on the internet. And over at the Federal Election Commission, the regulation of political speech that takes place on the internet is back on the table. In October, then FEC Vice Chairwoman Ann M. Ravel promised that she would renew a push to regulate online political speech following a deadlocked commission vote that would have subjected political videos...
  • Health Insurance Deadline Approaches, Penalties Will Double

    02/08/2015 8:13:18 AM PST · by george76 · 16 replies
    KOAA 5 ^ | Feb 07, 2015 | Maddie Garrett
    The penalty for not having health insurance this year is more than doubling. Coloradans have until February 15 ,2015, to shop for plans through the Connect for Health Colorado market place. Under the Affordable Care Act individuals are required to either have health insurance or pay a penalty at tax time. That penalty is either a flat rate or two percent of family income. This year, that rate is $325 per adult, $162 per child and up to $975 per family. Compared to last year the fine for an adult was only $95 and up to $285 per family.
  • Revocation of Islamic organizations tax exempt status

    02/07/2015 11:33:55 AM PST · by Steve Newton · 158 replies
    Self ^ | 2015 | Steve Newton
    Ok. This is the final version of an Act to remove the tax exempt status from all Islamic organizations. Let's FReep this petition.
  • Enjoy Low Gas Prices While You Can…Because New Taxes in These States Might Wipe Out Your Savings

    02/06/2015 9:25:58 AM PST · by ThethoughtsofGreg · 27 replies
    IJ Review ^ | 1-31-15 | Kevin Boyd
    American drivers have been enjoying low gas prices lately. According to AAA, the national average price of gas per gallon is $2.03 for regular, compared to $3.29 this time last year. Also happy with low gas prices are state governments, but mainly for different reasons: politicians in certain states see low gas prices as an opportunity to raise the gas tax. Here’s a map of the states currently considering an increase in gas tax:
  • Shovel Ready & The Constitution

    02/04/2015 5:44:05 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | February 3, 2015 | Hank Adler
    The President is a whirlwind of tax ideas these days. Last week, he proposed to punish individuals who were trying to save money for college by taxing the profits in Section 529 plans that were designed to encourage individuals to save for college. Last week, he also proposed to tax capital gains on death to go along with the current 40 percent tax rate on taxable estates. This change would subject hundreds of thousands of small business owners and savers currently exempt from estate taxes to a 28 percent tax on the increase in value of their assets over their...
  • Revocation of Islamic organizations tax exempt status

    02/03/2015 4:56:29 PM PST · by Steve Newton · 24 replies
    Self ^ | 2014 | Steve Newton
    To revoke the tax exempt status of all Islamic organizations in the United States. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
  • Independent analysis finds Obama´s ´middle-class´ tax cuts won´t help three-quarters of

    02/02/2015 5:15:04 PM PST · by Nachum · 19 replies
    Associated Press ^ | 2/2/2015 | Staff
    President Barack Obama calls his tax and spending plan ´middle-class economics,´ but most middle-income families would see little change in their tax bills. Obama is proposing a total of $1.5 trillion in new taxes over the next decade, mostly on corporations and high-income households. He would use much of that money--nearly $280 billion--to pay for targeted tax breaks for low- and middle-income families. Obama´s proposed tax cuts would benefit households with two wage earners, families with young children in child care and those with older children in college. One proposal would automatically enroll workers in individual retirement accounts, unless they
  • Obama budget proposes retirement savings cap

    02/02/2015 10:45:29 AM PST · by abb · 63 replies
    Benefits Pro ^ | February 2, 2015 | Nick Thornton
    With the release of its 2016 spending blueprint Monday, the Obama White House officially signaled its intent to use retirement policy to raise taxes on the wealthiest Americans. The proposed 10-year budget, which allots $4 trillion in spending for fiscal year 2016, will attempt to cap tax-deferred saving in 401(k) and Individual Retirement Accounts at about $3.4 million. That amount of savings generates more than $200,000 of income annually in retirement when annuitized, an income stream that should be sufficient for most, according to the Obama administration’s rationale behind the proposal. The vast majority of Americans would never feel the...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Obama’s Policy Proposals are the Opposite of “Tax Reform”

    01/29/2015 4:29:42 PM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 01/29/15 | Alan Joel
    Obama’s version of “tax reform” is unrealistic and firmly rooted in his vision of middle class economics, wealth redistribution Obama has consistently talked about how he is for “tax reform” all during his presidency. But clearly, he has no idea what that even means. True tax reform is a mechanism that produces a cleaner and clearer tax code. A great example of this was the 1986 IRC reform, where Reagan set the highest rate at 28% in exchange for eliminating massive amounts of tax shelters and gimmicks. Obama’s cluelessness on the topic was evident during the State of the Union,...
  • Obama’s Proposed Capital Gains Rate Hikes Will Hurt the Economy

    01/28/2015 3:30:42 PM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 01/28/15 | Alan Joel
    Raising the capital gains rate will put a stranglehold on risk taking and available capital President Obama just told the country during his State of the Union address that he is going to increase the capital gains rate again in order to raise revenue for new spending programs. Given that Obama already knows that raising the capital gains rate actually REDUCES revenue, we are left with a President who believes that we can pay for increased spending by reducing revenue. He acknowledged this in 2008 during a televised debate against Hillary Clinton, but went on to state that rates should...
  • Obama caves on taxing 529 college savings plans

    01/28/2015 6:32:01 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 01/28/2015 | Jazz Shaw
    Here’s a refreshing change of pace for you. Normally when we have to talk about politicians caving in on a position they’ve staked out, it winds up being the Republicans. This week, however, the collapse took place in the White House. Barack Obama had been pushing for what amounted to another tax increase by eliminating the 529 college savings program whereby parents could set aside pretax money for their kids’ education and not pay taxes on it upon withdrawal provided the money was used to pay for tuition. But in the face of bipartisan opposition and negative feedback from...
  • Obama's Tax Reform Flip-flop

    01/28/2015 4:15:16 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 27, 2015 | Daniel Doherty
    First, the basics of the presidentÂ’s new tax proposal: Obama presented his 529 tax plan during his last State of the Union address. The plan consists of raising $1 billion over 10 years by taxing capital gains realized in withdrawals from 529 savings accounts. According to surveys cited by the White House, 70 percent of 529 account assets are held by families earning over $200,000 per year. But what exactly are 529 savings accounts -- and who usually invests in them? Glenn Reynolds explains: Though millions of Americans have been putting money into "tax free" 529 plans to save for...
  • Falling Gas Tax Revenue Has California Lawmakers Considering Mileage Tax Plan

    01/26/2015 10:47:33 AM PST · by C19fan · 64 replies
    CBS SF Bay Area ^ | January 25, 2015 | Staff
    With an increase in electric and hybrid vehicles along with better fuel-efficient vehicles, changing Bay Area drivers habit are posing a serious problem for state coffers. As motorists use less and less gas, gas tax revenues to pay for state highways, roads and bridges shrink. Meanwhile, as gas prices fall, so does the sales tax generated by fuel sales. In California, among the taxes collected on fuel is a 2.25% sales tax on gasoline and a 9.67 percent tax on diesel.
  • Federal gas tax increase needed for roads, bridges and highways

    01/25/2015 11:12:00 PM PST · by Tolerance Sucks Rocks · 50 replies
    The Contra Costa Times ^ | January 24, 2015 | Contra Costa Times
    The president was a conservative's conservative. He had campaigned on reducing taxes and made it his legacy. But when a gas tax increase was proposed, it was a different story. In his weekly radio address, he said, "We simply cannot allow this magnificent (highway) system to deteriorate beyond repair." That was 1982. The president was Ronald Reagan. Unfortunately, the disrepair Reagan feared has come to pass. The federal gas tax of 18.4 cents hasn't been raised since 1993, and the Highway Trust Fund is severely underfunded. A 10- to 15-cent a gallon increase would provide enough money to meet the...
  • Obamacare to make filing income taxes a nightmare for many low-income taxpayers this year

    01/20/2015 7:29:29 AM PST · by servo1969 · 42 replies
    americanthinker.com ^ | 1-20-2015 | Thomas Lifson
    There are gong to be many millions of newly befuddled, fearful, and angry taxpayers this April, hit with the consequences of Obamacare’s social engineering when they try to file their taxes in April. Many will suffer unexpected financial penalties and costs, especially those accustomed to filing under the simplified tax forms applying to straight salaried people with standard deductions. H&R Block is warning that “[n]o one can understand” the New Obamacare tax code requirements for filing this year. In fact, millions of people accustomed to filing the postcard-sized 1040EZ form will now have to file extremely complicated and detailed forms,...
  • Obama Wants The Death Tax Increased to 60 Percent, More Taxes on College Savings

    01/19/2015 12:21:35 PM PST · by Nachum · 71 replies
    townhall.com ^ | 1/19/15 | Katie Pavlich
    As the old saying goes, there are two things that are certain in life, death and taxes. Tomorrow night during his 2015 State of the Union speech, President Obama will announce that people paying taxes their entire lives just isn't good enough. The President wants the current 40 percent death tax rate increased to 60 percent. Americans for Tax Reform breaks down the details: 2. Stealth increase in the death tax rate from 40% to nearly 60%. Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the...
  • Obamacare penalty may come as shock at tax time

    01/18/2015 7:12:51 PM PST · by george76 · 57 replies
    Washington Times ^ | January 18, 2015 | Tom Howell Jr.
    Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting. The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household...
  • Senator Cruz on tax reform: Abolish the IRS

    01/18/2015 5:23:37 PM PST · by JOHN W K · 50 replies
    1/18/2015 | johnwk
     SEE: Cruz: Abolish the IRS January 13th , 2015 ”Republican Sen. Ted Cruz said Monday that Republicans should take advantage of their control of Congress to abolish the Internal Revenue Service. “We need to pass fundamental tax reform making our tax code simpler, flatter, fairer,” he said Monday at Heritage Action’s 2015 conservative policy summit. ”And I’ll tell you, the single most important tax reform, we should abolish the IRS.” What is discouraging is, the above article goes on to say that Senator Ted Cruz ”… acknowledged it’s not really possible to abolish the IRS or adopt a flat tax...
  • Conservatives Just Don’t Get It on Taxes

    01/16/2015 3:09:33 PM PST · by Ray76 · 17 replies
    Future of Freedom Foundation ^ | Jan 8, 2015 | Laurence M. Vance
    Now that the Republicans have regained the control of the Senate that they lost in the 2006 midterm election, conservatives are salivating about the prospect of “real” or “genuine” tax reform. Revenue-neutral tax reform is based on the suppositions that there is such a thing as a fair, just, or correct amount of taxation and that government revenue should not be decreased. The opposite, of course, is the case. Revenue-neutral tax reform masks the real problem — government spending. It shifts the debate from the amount of wealth the federal government confiscates from American taxpayers to the manner in which...
  • Bait & Switch: "Economic Development" in the States

    01/16/2015 3:02:40 PM PST · by Ray76
    Mises Daily ^ | Jan 15, 2015 | Jeff Scribner
    North Carolina recently offered Boeing $683 million in tax incentives to open a plant in North Carolina to build Boeing’s new 777X jetliner. The NC bid failed, as did those from some other states, when Boeing decided to build the 777X in its home state of Washington where there is no state, personal, or corporate income tax.
  • Sen. John Thune to push Chamber of Commerce’s tax reform

    01/16/2015 12:06:51 PM PST · by JOHN W K · 14 replies
    1/16/15 | johnwk
    SEE: GOP targets budget process for tax reform 1/13/15 ”The quiet push, led by South Dakota Sen. John Thune, seeks to use the potent tool known as budget reconciliation to give both the GOP and President Barack Obama the sweeping victory on tax policy that business groups want, which could include a significant cut in corporate tax rates as well as provide funding for a long-term transportation bill.” This is what happens when Republican voters elect Washington Establishment candidates to office. They use their power to manipulate a corruptible system of taxation to meet the Chamber of Commerce’s demands rather...
  • Congress Should Pump the Brakes on Gas Tax Hike

    01/16/2015 8:40:50 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 16, 2015 | Eric Peterson
    While few Americans were fortunate enough to see a holiday bonus this year, there is one gift that American motorists have been enjoying of late; lower gas prices. Currently sitting at more than a dollar below the average price last year, U.S. drivers are projected to save somewhere between $380 and $750 dollars during 2015 if the prices hold. While wages have remained stubbornly flat for most workers, gas prices have provided a rare glimmer of hope for American workers, who have been struggling with an anemic job market, labor participation rates not seen since the 1970s, and median family...
  • Paul Ryan: Read my lips, no new gas taxes

    01/16/2015 7:05:00 AM PST · by SeekAndFind · 20 replies
    Hotair ^ | 01/16/2015 | Noah Rothman
    House Ways and Means Committee Chairman Rep. Paul Ryan (R-WI) promised reporters this week that his committee would not pass any new taxes – oh, sorry, “user fees” – on gasoline. Speaking to reporters at the GOP retreat in Hershey, Pennsylvania on Thursday, Ryan flatly asserted that his committee “won’t pass a gas tax.” He even had the gall to call it a “tax,” which is perhaps the best indication of his sincerity. The former Republican vice presidential nominee recently ruled out a 2016 White House bid and will instead pursue broad tax code reform as the chairman of...
  • Republicans weren't elected to raise the gas tax

    01/16/2015 4:36:57 AM PST · by HomerBohn · 15 replies
    Washington Examiner ^ | 1/12/2015 | Staff
    Politicians and pundits have spent a great deal of time trying to find the precise meaning of the results of the 2014 election. No one disputes that it was a great day for Republicans, but there are still many valid and varying interpretations. But whether the election was a true mandate for the GOP or simply a repudiation of President Obama, voters most certainly did not hand Republicans the U.S. Senate and elect them to a historic House majority so that they could raise federal gasoline taxes. This should really go without saying, but some Republicans are already discussing this...