Keyword: tax

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  • Court Rules IRS Can Seek Information on Bitcoin Customers

    12/01/2016 4:53:34 AM PST · by TigerLikesRooster · 12 replies
    WSJ ^ | Dec. 1, 2016 | Paul Vigna
    Court Rules IRS Can Seek Information on Bitcoin Customers Agency to serve Coinbase with summons as part of wide-ranging tax probe By Paul Vigna Updated Dec. 1, 2016 4:35 a.m. ET A federal court on Wednesday ruled that the Internal Revenue Service can serve digital-currency-services company Coinbase with a “John Doe summons” that seeks detailed information on its customers’ transactions from 2013 to 2015. The IRS and the Justice Department are looking for information about the use of the digital currency bitcoin and the possibility that it has been used to evade federal tax laws over the three-year period. The...
  • Vanity: Does FR like Mnuchin?

    11/30/2016 2:01:01 PM PST · by spacejunkie2001 · 54 replies
    11/30/16 | me
    What's the opinion or consensus on this guy and/or the tax changes? I am NOT a fan of class warfare and I feel like when they don't cut the taxes for the rich, there's an element of punishment. Why can't everyone single American get the same tax cuts? Why make people that make more foot more of the bill?
  • Another tax Chicago bars and restaurants now have to pay

    11/28/2016 11:17:54 AM PST · by george76 · 18 replies
    Crain's Chicago Business ^ | November 26, 2016 | John Pletz
    Last year, the Emanuel administration slipped through a tax on streaming video and cloud computing. Now, again without public hearings, City Hall is targeting bars and restaurants with a surcharge on satellite TV feeds. Earlier this month, the city served notice that its 9 percent amusement tax applies to businesses that subscribe to satellite TV services. The impact likely will be felt most by public spaces that buy premium subscriptions for NFL and college games that can easily run $5,000 to $10,000 a year, meaning their annual taxes would come to at least $450. "This is obviously a huge concern...
  • What President Rutherford B. Hayes said in 1888 [Vanity]

    11/26/2016 12:48:57 PM PST · by Jyotishi · 33 replies
    wikiquote.org ^ | March 11, 1888 | President Rutherford Birchard Hayes
    Rutherford Birchard Hayes, 19th President of the United States wrote: The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed. All laws on corporations, on taxation, on trusts, wills, descent, and the like, need examination and extensive change. This is a government of the people, by the people, and for the people no longer. It is a...
  • Illinois’ wealth flight explained in 4 graphics

    11/18/2016 9:32:13 PM PST · by george76 · 28 replies
    Illinois Policy ^ | November 15, 2016 | Michael Lucci
    IRS data show the average income of taxpayers leaving Illinois surpassed the average income of taxpayers entering the state by $20,000 in 2014, a record loss for Illinois in the wake of the 2011 income-tax hike. Politicians enacted Illinois’ 2011 income-tax hike during a late-night legislative session in January 2011 and raised the state’s personal income-tax rate to 5 percent from 3 percent. This 67 percent income-tax hike lasted for four years, during which time Illinois experienced record wealth flight. IRS data reveal what happens when politicians choose short-term tax revenue gains over long-term stability. The short-term increase in tax...
  • Trump team working on ‘biggest tax changes since Reagan,’ says economic adviser

    11/15/2016 8:18:22 AM PST · by GonzoII · 14 replies
    Washington Times ^ | Nov. 15, 2016 | S.A. Miller
    An economic adviser of President-elect Donald Trump said Tuesday that the transition team was working on plans for a tax code overhaul that would be “the biggest tax changes since Reagan.” Steven Mnuchin, a former Goldman Sachs banker who is considered a leading candidate for Treasury secretary in the Trump administration, told reporters at Trump Tower in New York that the team was hard at work on an economic plan. “We’re working on the economic plan with the transition, making sure we get the biggest tax bill passed, the biggest tax changes since Reagan, so a lot of exciting things...
  • Cook County soda pop tax approved with Preckwinkle breaking tie vote

    11/10/2016 1:26:15 PM PST · by RedWing9 · 12 replies
    Chicago Tribune ^ | November 10, 2016 | Hal Dardick
    The Cook County Board on Thursday narrowly approved board President Toni Preckwinkle's new penny-an-ounce tax on sugary and artificially sweetened beverages, with Preckwinkle breaking a tie vote.
  • Trump tax plan could lure Silicon Valley companies’ cash hoards back to U.S.

    11/10/2016 6:59:41 AM PST · by artichokegrower · 14 replies
    San Jose Mercury ^ | November 9, 2016 | Ethan Baron
    A tax plan from President-elect Donald Trump could solve one of the biggest problems facing the Bay Area’s tech industry: billions in cash parked overseas, with foreign governments itching to get their hands on it.
  • Washington State Carbon Tax Initiative Voted Down

    11/09/2016 6:44:55 PM PST · by Libloather · 8 replies
    Reason ^ | 11/09/16 | Ronald Bailey
    carbon tax initiative (I-732) garnered only 42 percent of the vote in Washington State. The tax was supposed to be revenue neutral by lowering the state sales tax by 1 cent and provide tax rebates of up to $1,500 per year to 460,000 low-income households. The initial $25 per ton would have boosted the price of gallon of gas by about 25 cents, and added 2.5 cents to each kilowatt-hour of coal-fired electricity, and 1.25 cents to electricity generated by natural gas. Interestingly, the proposal which aimed to cut emissions of carbon dioxide that are contributing to man-made global warming...
  • The battle over Washington state’s proposed carbon tax has gotten even weirder

    11/08/2016 1:31:09 AM PST · by Libloather · 13 replies
    Washington Post ^ | 11/07/16 | Chelsea Harvey
    A carbon tax proposal in Washington state, scheduled for the ballot on Tuesday, has been drawing national attention for weeks as a result of the unexpected controversy it’s inspired among environmental groups, many of whom have outright opposed the initiative. And in the final days leading up to the vote, new voices have continued to join the fray, including influential players on all sides of the climate change conversation. **SNIP** Also last week, economic justice organization Rebuild the Dream, founded by former White House adviser and current CNN commentator Van Jones, released two Facebook ads — reportedly at a cost...
  • Clinton amnesty tax: $15,000 per household, $1.2 trillion

    11/05/2016 3:41:41 PM PDT · by b4me · 18 replies
    Washington Examiner ^ | Nov 5, 2016 | Paul Bedard
    Amnesty for illegal immigrants like a program proposed by Democratic presidential candidate Hillary Rodham Clinton would require an immediate tax hike of $1.2 trillion, a $15,000 hit on every household in America, according to a new analysis of immigration reform. The authoritative National Academy of Sciences said the cost to give some 11 million illegals citizenship rights would be staggering, though it suggested long-term benefits.
  • Impending Y2K-like chaos neither candidate is addressing

    10/13/2016 3:49:34 AM PDT · by rightwingintelligentsia · 26 replies
    Inc. via AOL News ^ | October 12, 2016 | JOHN HEWITT
    The neediest Americans will be short $100 billion in delayed tax refunds at a time when they're really counting on it. Chaos may ensue, an issue neither presidential candidate is addressing. In June, I sounded the alarm on How Congress is About to Screw Up the Economy in an Unprecedented Way. The more we learn about the PATH Act of 2015, however, the louder this alarm needs to be. First, a short primer on what's happening. The PATH Act stands for Protecting Americans from Tax Hikes. As a headline, it sounds commendable and does include legislation for more than $620...
  • Wikileaks: PR Firm Seeks Clarification on Hillary’s Support of 25% Gun Tax

    10/11/2016 11:19:26 AM PDT · by Cheerio · 6 replies
    brietbart ^ | 11 Oct 2016 | AWR Hawkins
    One of the emails contained in the October 7 Wikileaks email release shows Grunwald Communications asking Hillary Clinton’s press secretary about the candidate’s support for “a 25 percent tax on gun sales.” The email is dated October 4, 2015 and was sent from Mandy Grunwald to Brian Fallon. In it, Grunwald asked about Clinton’s reported vacillation on gun control in the 2008 campaign and also about the tax. She said, “I also saw something about her supporting a 25% tax on gun sales back in 1993.” ABC News reports that Clinton was “unequivocal” in her support for such a tax...
  • Flashback: The Clintons donated used underwear to charity, wrote it off on taxes

    10/02/2016 7:52:08 AM PDT · by KeyLargo · 11 replies
    The Clintons donated used underwear to charity, wrote it off on taxes Posted on May 4, 2015 This tidbit is from the Arkansas years. While serving as Governor and First Lady of Arkansas, the Clintons donated used underwear to charity. Even worse, they claimed the donation as a deduction on their taxes. They must have really been “dead broke”…. Here is the report from The New York Times: In previous returns, when Mr. Clinton was the Governor of Arkansas and his wife was a partner in a Little Rock law firm, the Clintons had gone so far as to deduct...
  • Hillary in 1993: Let's Double the Gun Tax

    09/21/2016 8:09:50 AM PDT · by Cheerio · 4 replies
    Americans for Tax Reform ^ | September 20th, 2016 | John Kartch
    Today Americans for Tax Reform released more evidence of Hillary Clinton’s long held desire to impose new and higher gun taxes. ATR's HighTaxHillary.com previously exposed her 1993 endorsement of a new 25 percent national retail sales tax on guns. But unreported since 1993 is Clinton’s support for a doubling of the current federal excise tax on guns. In a closed-door meeting, she told then-Rep. Mel Reynolds (D-Ill.) that his bill to double the tax was a “great idea." As reported by the Chicago Tribune on March 19, 1993: Rep. Mel Reynolds said Thursday that Hillary Rodham Clinton was "very enthusiastic"...
  • Plastic Bag Tax Hurts Consumers, Businesses and Does Little for the Environment

    09/20/2016 8:48:33 AM PDT · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 9/17/2016 | Anne Dykstra
    In June, Washtenaw County became the first local government to approve a tax on disposable carry-out bags at the grocery store. If you forget to bring your own bags, grocers are forced to charge a 10 cent tax on every new bag you receive, paper or plastic. If you double-bag, it will cost you 20 cents. Counties claim that they have the authority to manage solid waste collection but this is a policy that stinks on many levels. Let’s start with the environment. There is little evidence that targeting a particular type of packaging with a tax will have significant...
  • Final regulations amend definitions of marriage

    09/06/2016 10:49:27 AM PDT · by tired&retired · 12 replies
    Journal of Accountancy ^ | September 1, 2016 | Sally P. Schreiber, J.D.
    In response to the U.S. Supreme Court’s decisions that the federal government must recognize and states must allow same-sex marriages (Windsor, 133 S. Ct. 2675 (2013); Obergefell v. Hodges, 135 S. Ct. 2584 (2015)), the IRS finalized proposed regulations issued in October 2015 under Sec. 7701 amending the definitions of “spouse” and “husband and wife” to reflect those decisions (T.D. 9785). The final rules make a few changes from the rules proposed in REG-148998-13, in response to comments. Under the final regulations, for federal tax purposes, the terms “spouse,” “husband,” and “wife” are defined as an individual lawfully married to...
  • New cyberattacks threaten tax professionals

    09/06/2016 9:54:02 AM PDT · by tired&retired · 3 replies
    Journal of Accountancy ^ | September 2, 2016 | Alistair M. Nevius, J.D.
    The IRS warned tax practitioners on Friday of a new wave of cyberattacks that allow criminals to remotely access practitioners' computers and file fraudulent tax returns. The attacks come as practitioners prepare for the Oct. 17 extended filing deadline for individual returns; the IRS reported similar attacks before the April 15 deadline. The IRS says that the attacks allow thieves to take control of practitioners' computers, access client data, and complete and e-file tax returns, directing the resulting refunds into the criminals' own accounts. Victims become aware of the attacks when reconciling e-filing acknowledgments.
  • Downing Street says tech giant 'welcome' to come to UK after EU orders Ireland to claw back Ł11bn

    08/30/2016 3:12:12 PM PDT · by Trump20162020 · 12 replies
    The Telegraph ^ | 08-30-2016 | James Titcomb
    Britain could cut corporation tax to attract major international companies under plans being considered by Theresa May after Apple was hit with a record tax bill by Brussels. Downing Street yesterday said it would "welcome" Apple to the UK after the European Commission took the extraordinary step of hitting the company with an Ł11billion fine. In a damning report published yesterday, the commission found that a deal with Ireland meant the technology giant paid as little as 0.005 per cent tax on its European profits for more than a decade.
  • Guns are tax-free in Mississippi this weekend

    08/27/2016 9:30:48 AM PDT · by Red in Blue PA · 14 replies
    It's the Magnolia State's fourth Second Amendment Sales Tax Holiday. It's the busiest weekend for businesses like Philadelphia Gun and Pawn. "It has been [in past years] so busy that we feel like we lost sales because we couldn't wait on everybody," says manager Richard Ray. In addition to items being tax-free, specials are being run to help buyers save even more. "If you spend a $1,000 you're already going to save $70. And everybody gets a chance to get a break on the taxes, which everybody needs to save money, and I can understand why," says Ray. Philadelphia Gun...
  • Feds Spend $1 Million for Refugees to Become Farmers

    08/26/2016 2:38:03 AM PDT · by knarf · 26 replies
    The Washington Free Beacon ^ | August 25, 2016 | Elizabeth Harrington
    The U.S. Department of Agriculture is spending nearly $1 million to teach refugees how to farm. New grants announced last week include two projects in Idaho and Kansas to “cultivate the next generation of farmers” by helping refugees get land leases to start their own farms.
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies
    DonaldJTrump.com ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • Priceless: Schumer says waive tax on Olympians because ‘hard work’ shouldn’t be punished

    08/08/2016 12:27:13 PM PDT · by Cheerio · 38 replies
    Hot Air ^ | August 8, 2016 | Larry O'Connor
    Without the teeniest sense of irony, Sen. Chuck Schumer (D-NY) has proposed that America’s Olympic medal winners should not have to pay taxes on the cash prizes they are awarded with their medals. Schumer’s reasoning behind lifting the tax? Because “hard work” and excellence shouldn’t be punished. Seriously: Video at link In a press release from his office Schumer said: “Our Olympian and Paralympic athletes should be worried about breaking world records, not breaking the bank, when they earn a medal,” said ‎Schumer. “Most countries subsidize their athletes; the very least we can do is make sure our athletes don’t...
  • HILLARY CLINTON FINALLY TELLS THE TRUTH - Will Raise Taxes On The Middle Class. Sheeple Cheer!

    08/08/2016 7:58:17 AM PDT · by Enlightened1 · 16 replies
    Youtube ^ | 08/04/16
    Hillary just can't keep the demon inside her in check can she?   Can't wait for the next screw up thing she says. Oh check out old Warren Buffett applauding her.  He is such a fraud. https://www.youtube.com/watch?v=eTnN13AaMbQ  
  • Emanuel proposes water, sewer tax to shore up ailing pension fund

    08/04/2016 7:54:59 AM PDT · by ChicagoConservative27 · 43 replies
    Mayor Rahm Emanuel on Wednesday called for a new tax on city water and sewer bills to stabilize the city's largest pension fund, a move he portrayed as his latest tough decision to secure Chicago's financial future. Emanuel's plan, which would increase the average water and sewer bill by 30 percent over the next four years, was quickly met with resistance from some aldermen who argued the city would be better off adding business taxes or even raising property taxes again to come up with the hundreds of millions of dollars a year needed to keep the city's municipal workers'...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • 'Netflix tax' starts today in Pennsylvania

    08/01/2016 1:06:41 PM PDT · by ChicagoConservative27 · 29 replies
    PITTSBURGH —Starting Monday, Pennsylvania's 6 percent state sales tax will be extended to digital downloads and streaming subscription services like Netflix and Hulu. The measure was included in a revenue package passed by state lawmakers and signed by Gov. Tom Wolf to fill a $1.3 billion hole in the state's new $31.5 billion budget. If a customer uses an account with a Pennsylvania billing address, the tax will be imposed. Businesses are responsible for collecting the tax and remitting it to the state Department of Revenue.
  • Free Michelle Obama’s Slaves

    07/29/2016 10:59:21 AM PDT · by rktman · 24 replies
    frontpagemag.com ^ | 7/28/2016 | Daniel Greenfield
    At the DNC, Michelle Obama put on her victimhood hat one more time and declared, “I wake up every morning in a house that was built by slaves.” It’s not a new line, but an ongoing mantra. Back in 2009, Michelle whined that, “Many slaves who couldn’t enter the building worked to create the building.” But that’s too past tense. Michelle’s house continues to be built and maintained by slaves. Her lavish lifestyle of endless vacations, parties and public appearances is funded by millions and millions of slaves. Michelle Obama lives a life that is more lavish and luxurious than...
  • Thinking Beyond Stage One

    07/08/2016 6:43:04 AM PDT · by ChessExpert · 18 replies
    Human Events ^ | July 5, 2016 | Walter Williams
    Another example of failing to think beyond stage one is with the tariff and quota protections given to the U.S. sugar industry... Life Savers, which for 90 years manufactured in America, moved to Canada, where wages are comparable to ours. By moving to Canada, it became more competitive because it saved itself a whopping $10 million a year in sugar costs.
  • Job terminated, final paycheck has windfall taxes withheld.

    07/05/2016 7:45:32 PM PDT · by George from New England · 27 replies
    self
    Job terminated as of June 30. Final paycheck is for 6 weeks pay. Normal FITW bi-weekly at this salary is $0. Since 6 weeks are posted in 2 week timeframe the FITW is $289. Employer claims i.r.s. forces them to do this on severance pay. I think that's a lie. Do I have to wait until I file in April next year to get back this $289 theft of funds? Can payroll company be forced to disperse final check amount and withhold based on a larger than 2-week window? Has any freeeper seen this or know better ? Thanks.
  • April 16, 2012 Vilnius, Lithuania : $7 Gasoline. Thanks Ben.

    07/05/2016 4:36:48 PM PDT · by vannrox · 23 replies
    SovereignMan.com ^ | April 16, 2012 | simon black
    The consistent theme from my travels so far in Europe– the UK, Scandinavia, Lithuania– has been noticeably higher prices. Shockingly so, in some instances. London, where I spent a rather pleasant and rare sunny weekend with friends and colleagues, has gone from being ‘stupid’ pricey, to just plain absurd. Tube prices, taxi fares, food prices, restaurant bills, train fares… it all keeps going up. And to cap it all off, the British government’s VAT increases have ensured that absolutely everyone is paying a little bit more. Here in Lithuania, the buzz around town is the spiraling gasoline prices, which have...
  • All transactions to be conducted in the presence of a tax collector

    07/05/2016 4:30:48 PM PDT · by vannrox · 22 replies
    SovereignMan.com ^ | April 17, 2012 | simon black
    In the terminal collapse of the Roman Empire, there was perhaps no greater burden to the average citizen than the extreme taxes they were forced to pay. The tax ‘reforms’ of Emperor Diocletian in the 3rd century were so rigid and unwavering that many people were driven to starvation and bankruptcy. The state went so far as to chase around widows and children to collect taxes owed. By the 4th century, the Roman economy and tax structure were so dismal that many farmers abandoned their lands in order to receive public entitlements. At this point, the imperial government was spending...
  • Donald Trump Rolls Out Winning Platform: Cut Taxes, Save Social Security and Medicare

    06/19/2016 9:30:19 PM PDT · by detective · 84 replies
    Breitbart ^ | 19 Jun 2016 | Patrick Howley
    Republican candidate Donald Trump focused this weekend on his economic platform: Cut taxes and regulations across the board while also saving Social Security, Medicare, and other government safety-net programs. Trump’s platform is nearly invincible in the general election if he stresses it enough, polling shows. Trump’s plan will also have a transformational effect on how people view his party. But he still needs to make the accounting work to ensure that his Third Way platform is feasible.
  • The interesting thing that happened when Kansas cut taxes and California hiked them

    06/18/2016 11:23:17 AM PDT · by napscoordinator · 42 replies
    The Washington Post ^ | June 17, 2016 | By Jim Tankersley and Max Ehrenfreund
    In 2012, voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent, the highest in the nation. Conservative economists predicted calamity, or at least a big slowdown in growth. Also that year, the governor of Kansas signed a series of changes to the state's tax code, including reducing income and sales tax rates. Conservative economists predicted a boom. Neither of those predictions came true. Not right away -- California grew just fine in the year the tax hikes took effect -- and especially not in the medium term, as...
  • 10-cent bag tax at Washtenaw County grocery stores approved

    06/03/2016 8:57:59 PM PDT · by Darren McCarty · 47 replies
    Mlive ^ | 6-2-2016 | Ryan Stanton
    ANN ARBOR, MI — If you don't bring your own reusable bags when you go grocery shopping, it could cost you. Washtenaw County commissioners voted 6-2 Wednesday night to approve a new carryout bag ordinance that imposes a 10-cent fee on consumers for every disposable bag they receive at retail grocery stores in the county. That includes both paper and plastic. The ordinance is intended to eliminate unnecessary waste and incentivize people to be more environmentally conscious. However, there's pending state legislation that could take away the county's ability to impose such regulations. Senate Bill 853 passed through the state...
  • Priebus: It's up to Trump on whether to release his tax returns

    05/13/2016 3:26:42 PM PDT · by Albion Wilde · 27 replies
    Politico ^ | 5/12/16 | Nolan D. McCaskill
    Donald Trump can make his own decision about whether to release his tax returns before the general election, Republican National Committee Chairman Reince Priebus said Thursday.... ...the billionaire reportedly suggested that he wouldn’t release his tax returns before November. The real estate mogul told Fox News host Greta Van Susteren that while he’s under audit “every single year,” he will “hopefully” release his tax returns before Nov. 8.... “I don’t know the rules on audits and I’m not going to get into that," Priebus said. “Every candidate can make their own decision.”
  • The Insane Hidden Tax Burden Quietly Eating Up Your Paycheck

    05/06/2016 9:34:25 AM PDT · by sally234 · 17 replies
    Conservative Review ^ | 5-6-16 | John Gray
    There are few things I dislike more than paying taxes. As Americans, a third of all your hard earned dollars is confiscated by the U.S. government. Most of us get to determine what we do with our money – but not when it comes to taxes. However, there is the argument that taxes are a function of our democratic system. Those taxes are the result of laws implemented by freely elected representatives. If anything, we — the voters — are as much to blame for the muddied tax codes as are the nitwit politicians we elect.
  • AZ: Prohibition on Fees, Taxes, or Encumbrances on the Private Sale of Firearms

    04/22/2016 12:11:31 AM PDT · by marktwain · 6 replies
    Gun Watch ^ | 18 April, 2016 | Dean Weingarten
    Governor Doug Ducey of Arizona signed HB 224, which protects the right to transfer firearms in private transactions, without fee, tax or encumbrance, into law on 30 March, 2016.  The law went into effect on 31 March. From the Governor's Office: "This bill protects the Second Amendment freedoms of Arizonans by allowing for the exchange of firearms without assessments or penalties imposed by state and local government.” The law is succinct and easily understood, a nice contrast with much legislation that is passed in recent times.  From cqstatetrack.com: CHAPTER 36 PRIVATE FIREARM TRANSACTIONS ARTICLE 1. GENERAL PROVISIONS 44-7851. Definitions...
  • The Most Dangerous Treaties You Know Nothing About

    04/21/2016 6:59:51 AM PDT · by sally234 · 4 replies
    Conservative Review ^ | 4-21-16 | John Gray
    When you hear the phrase “tax treaties,” your first response (besides yawning) would be to assume that, out of all the treaties the United States is involved in, these would be the most harmless. Generally, you’d be right. When we talk about tax treaties, we usually mean agreements between countries to ease excessive taxation (usually double taxation) while promoting cooperation in tax compliance. But pending in the Senate right now are two tax treaties that are particularly dangerous to privacy, to U.S. sovereignty, and to the security of individuals and human rights.
  • Is there such thing as “legitimate taxation”?

    04/18/2016 3:42:27 PM PDT · by all the best · 22 replies
    American Vision ^ | September 8, 2014 | Joel McDurmon
    The answer is no. Now let’s explain. Doug Wilson has published an opinion that “taxation can be done right,” by which he means there is legitimate taxation according to the Bible. While I esteem much of Rev. Wilson, and there is tremendous overlap between us in general, I disagree with this sentiment, and I think it is important for the Christian’s overall vision of the future. I offer this intramural essay. Doug makes a distinction between taxation that is without biblical warrant and taxation with biblical warrant, and which we should therefore accept as normative for society. While we would...
  • Ted Cruz tax plan better than Reagan's: Art Laffer (video)

    04/16/2016 11:56:43 PM PDT · by JediJones · 30 replies
    CNBC ^ | 4/15/2016 | CNBC
    Arthur Laffer of Laffer Associates reacts to presidential candidate Ted Cruz's tax plan, in which Cruz proposes individuals above certain income threshold pay a 10 percent flat tax, and a 16 percent flat tax on companies. http://video.cnbc.com/gallery/?video=3000509983
  • Why Ted Cruz’s VAT really is a VAT

    04/15/2016 10:56:53 PM PDT · by Hanna548 · 253 replies
    American Enterprise Institute ^ | 01/15/16 | James Pethokoukis
    Make no mistake here. Cruz is proposing a VAT add-on to the existing personal income tax system.
  • IRS Giving Tax Credits to Illegals Who've Engaged in Identity Theft

    04/15/2016 6:36:14 AM PDT · by sally234 · 9 replies
    Conservative Review ^ | 4-15-2016 | Daniel Horowitz
    In a typical year, April 15 is Tax Day when hard-working Americans cede over an enormous amount of their income to the federal government so they can redistribute it to all sorts of special interests and protected classes, including illegal aliens. You heard that right. The IRS has admitted to knowingly granting refundable tax credits, which work as back door welfare payments, to illegal aliens who break the law and steal Social Security numbers to obtain employment and file their taxes.
  • Tax day 2016: Why is April 18 - not April 15 - the tax deadline this year? (Emancipation Day)

    04/14/2016 7:00:37 PM PDT · by UnwashedPeasant · 13 replies
    AL.com ^ | 4/14/2016 | Leada Gore
    In a typical year, April 15 would be the red-letter day for taxes. This year, however, April 15 has been pushed aside by April 18. April 18 is this year's deadline to file taxes or apply for an extension. Usually, when April 15 falls on a weekend the tax deadline is moved to the following Monday. April 15 falls on a Friday this year but another event, Emancipation Day, is pushing back the deadline three more days. Emancipation Day – set aside to commemorate the signing of the Emancipation Act by President Abraham Lincoln – is celebrated in Washington, D.C....
  • Taxes 101: A Brief History of Taxation in America

    04/13/2016 10:40:04 AM PDT · by VitacoreVision · 9 replies
    The New American ^ | 13 April 2016 | Robin Kinderman
    It’s that time of year again — tax season! Some people dread it; some people (like me), who think of the tax refund as a bonus, love it, even if it was my own money to begin with. Either way, taxes can’t be completely avoided — we all pay taxes.While the majority of Americans may not know what their tax money is being used for, most of us know that taxes caused the American Revolution — the colonists fought against taxation without representation. The straw that broke the camel’s back for the Revolutionary War was taxation on tea (the Boston...
  • N.J. has lost its wealthiest resident to Florida, report says (David Tepper)

    04/06/2016 8:14:15 AM PDT · by DCBryan1 · 24 replies
    NJ.com ^ | 16, 2016 at 3:04 PM, updated March 17, 2016 at 7:17 AM | By Craig McCarthy
    New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says. According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015. Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article. Tepper has been a resident of the Garden State for more than two decades and has continually appeared...
  • Malloy rejects bill to tax Yale

    03/30/2016 7:25:25 AM PDT · by outpostinmass2 · 22 replies
    A tax proposed by top legislators on the earnings of Yale's sizable endowment was shot down Tuesday by the administration of Gov. Dannel P. Malloy. "Many proposals are put forward during the legislative session, and many stay as just that - proposals. We value Yale, the students it educates, the research and innovation it generates, and the neighborhoods it strengthens in New Haven," said Devon Puglia, the Democratic governor's spokesman. "As the governor has made clear, we don't believe that new taxes should be part of our solution as Connecticut adjusts to a new economic reality. Instead, we should make...
  • Analysis: Cruz's tax plan is better than Trump's

    03/04/2016 11:59:11 PM PST · by JediJones · 60 replies
    The Hill ^ | 2/22/2016 | Naomi Jagoda
    Ted Cruz’s tax plan would cost less and stimulate the economy more than Donald Trump's, a recent analysis found. “Of the two proposals that we have examined so far, those by Trump and Cruz, we find the Cruz proposal to be the better of the two,” said David Tuerck, executive director of the Beacon Hill Institute and senior fellow at the National Center for Policy Analysis. The free-market groups released a report comparing the economic effects of the tax plans from the two Republican presidential candidates. Trump’s plan would lower the top individual income tax rate from 39.6 percent to...
  • Why Marco Rubio and Ted Cruz's Tax Plans Generate More Growth than Donald Trump's

    03/04/2016 11:42:01 PM PST · by JediJones · 104 replies
    Tax Foundation ^ | 2/26/2016 | Alan Cole
    ...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
  • Washington considers nation's first carbon emissions tax

    02/28/2016 10:10:38 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 28, 2016 11:09 AM EST | Phuong Le
    Washington could become the first state in the nation to impose a direct tax on carbon emissions from fossil fuels such as coal, gasoline and natural gas. A ballot measure before the state Legislature would create a carbon tax of $25 per metric ton of fossil fuel emissions burned in Washington, while reducing taxes. ...