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Keyword: tax

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  • Hypocrite AOC Slammed Tax Breaks for Amazon, But Sought One for HERSELF

    04/16/2019 5:50:10 PM PDT · by montag813 · 13 replies
    24News ^ | 04-16-2019 | Sheri Urban
    by Sheri Urban Freshman Congresswoman Alexandria Ocasio-Cortez (D-NY) recently caused havoc in her hometown when she helped destroy a deal between Amazon and New York which would have brought thousands of high-paying jobs to the city. Her biggest argument against the deal was the "massive tax breaks" being offered to Amazon by NY in order to create 25,000-plus jobs. But today is was just exposed that AOC herself once sought a tax break for her own business, according to the Washington Examiner. Yep, you heard right. Typical leftist hypocrite: socialism for thee but not for me. In 2012, Ocasio-Cortez...
  • US Workers Are Highly Taxed If You Count Premiums

    04/11/2019 5:59:28 AM PDT · by vannrox · 8 replies
    Peoples Policy Project ^ | 8apr19 | Matt Bruenig
    Comparing labor tax rates across countries is a tricky endeavor. Some countries rely mostly on income and payroll taxes charged to workers, others on payroll taxes charged to employers, and still others on compelling workers and employers to pay private parties who provide pension and health insurance products. To get an apples-to-apples comparison, you have to normalize all of these various schemes into a single labor tax concept that actually reflects just how much labor compensation is being put towards compulsory payments of one sort or another.The OECD produces a number of Taxing Wages publications each year that permit this...
  • California Has Become America's Cannibal State

    04/11/2019 4:19:03 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | April 11, 2019 | Victor Davis Hanson
    For over six years, California has had a top marginal income tax rate of 13.3 percent, the highest in the nation. About 150,000 households in a state of 40 million people now pay nearly half of the total annual state income tax. The state legislature sold that confiscatory tax rate on the idea that it was a temporary fix and would eventually be phased out. No one believed that. California voters, about 40 percent of whom pay no state income taxes, naturally approved the extension of the high rate by an overwhelming margin. California recently raised gas taxes by 40...
  • Treasury Declines House Request for Trump’s Tax Returns

    04/10/2019 4:31:08 PM PDT · by Erik Latranyi · 62 replies
    MSN ^ | 10 April 2019 | Alan Rappeport
    The Treasury Department said on Wednesday evening that it would not immediately comply with a congressional request to hand over President Trump’s tax returns, setting up a protracted legal battle between two branches of government.
  • New York Democrats Pass a Tax on Pain

    04/10/2019 10:44:10 AM PDT · by arthurus · 35 replies
    NewsMax ^ | 10 April 2019 | Daniel Greenfield
    Taxes have often been called a pain, but New York Democrats have achieved a true first by actually taxing pain. This Torquemada taxation is a new low even for New York’s pro-infanticide Democrats. The only possible next step is to actually tax each individual scream.
  • Congress Is About to Ban the Government From Offering Free Online Tax Filing. (trun)

    04/10/2019 6:46:20 AM PDT · by vannrox · 56 replies
    propublica ^ | 9APR19 | by Justin Elliott
    Actual title: Congress Is About to Ban the Government From Offering Free Online Tax Filing. Thank TurboTax. Just in time for Tax Day, the for-profit tax preparation industry is about to realize one of its long-sought goals. Congressional Democrats and Republicans are moving to permanently bar the IRS from creating a free electronic tax filing system. Last week, the House Ways and Means Committee, led by Rep. Richard Neal, D-Mass., passed the Taxpayer First Act, a wide-ranging bill making several administrative changes to the IRS that is sponsored by Reps. John Lewis, D-Ga., and Mike Kelly, R-Pa. In one of...
  • White House to Democrats seeking Trump tax returns: 'Never'

    04/07/2019 1:00:01 PM PDT · by Monrose72 · 20 replies
    Reuters ^ | 04-07-19 | Doina Chiacu
    President Donald Trump’s tax returns will never be handed over to Democratic lawmakers, White House Chief of Staff Mick Mulvaney said on Sunday, defying an effort in Congress to learn more about the real estate mogul’s personal finances.Asked on “Fox News Sunday” if congressional Democrats will succeed in obtaining the Republican president’s tax returns, Mulvaney said: “No, never. Nor should they.” He dismissed an effort to obtain the returns, launched on Wednesday by U.S. House of Representatives tax committee Chairman Richard Neal, as a political ploy from Democrats who will never stop attacking Trump.
  • California Now Collecting Sales Taxes From Online Retailers

    04/02/2019 7:35:46 PM PDT · by BenLurkin · 46 replies
    cbs2la ^ | 04/02/2019
    Starting this week, companies are now required to charge you if you live in California. If you order something online from merchants with a brick-and-mortar store in California like Target or Kohls, consumers pay California sales tax. But buying something online from stores that don’t have an actual store in California, until now, didn’t charge a sales tax. California has now closed that loophole. The state law changed on April 1. Now, it doesn’t matter if an out-of-state company has a real store in California or not, online transactions
  • Top 10 Tips to Avoid an IRS Audit

    04/02/2019 2:57:04 PM PDT · by Red Badger · 45 replies
    www.newsmax.com ^ | Friday, 29 March 2019 08:31 AM | By Bill Hoffmann |
    It’s one of the most dreaded moments there is – opening your mailbox to find a letter from the Internal Revenue Service. “Even when it turns out to be good news or a check, we feel a frisson of fear, that chill going down the spine. Just seeing the envelope is so daunting,’’ says Eva Rosenberg, author of the bestselling book “The Trump Tax Cut: Your Personal Guide to the New Tax Law,’’ published by Humanix. But fortunately The Trump Tax Cut guidebook offers a series of simple steps you can take to minimize your chances of getting hauled before...
  • Look up Child[Charismatic Caucus]

    04/02/2019 4:51:15 AM PDT · by Jedediah · 2 replies
    My children you are far beyond where you see yourself now. I have made you out of the very fabric of Eternity as The angels, yet in My image and Breath . There IS No God but ME . I AM your answer and your ALL ,YOUR ETERNAL Partner, helper and Blessing with Hope as your bowtie and ring of Promise. I have your Destiny in My very hand on the tongue of My Spirit of Truth . Come to Me "Come up Higher where you belong my betrothed, for I shall never leave this Love we have AS ONE...
  • New York State Budget: Congestion Pricing Coming To Manhattan, Sources Tell CBS2

    03/31/2019 11:34:01 AM PDT · by Beave Meister · 34 replies
    CBS New York ^ | 3/31/2019
    NEW YORK (CBSNewYork/AP) – Gov. Andrew Cuomo and leaders of the New York State Legislature say they’ve reached a $175.5 billion state budget agreement. The deal includes congestion pricing, a controversial plan to charge drivers below 60th Street in Manhattan. A panel of experts will set the surcharges by the end of 2020, but sources tell CBS2 drivers in cars will pay around $11.50 and truck drivers will pay about $25. Possible discounts for some are still being worked out. Lawmakers say the money will be spent to fix the MTA. A statewide ban on most single-use plastic bags is...
  • Why Carbon Taxes Actually RAISE Emissions

    03/28/2019 6:50:59 AM PDT · by Thalean · 6 replies
    YouTube ^ | March 26, 2019 | Spencer P Morrison
    Not only does the logic show that carbon taxes in the West will invariably increase global CO2 emissions, but so does the empirical evidence. To begin with, data from the World Bank reveals that China, and other developing countries, produce far more carbon per dollar of economic output (at purchasing power parity) than do Western nations. For example, China produced 0.6 kilograms of carbon dioxide per dollar of economic output in 2014, whereas America produced 0.3 kg of CO2, and Germany produced just 0.2 kg. On top of this, China shows no signs of decreasing its emissions any time soon:...
  • Ocasio-Cortez’s failed company is a tax deadbeat: warrant filed over unpaid taxes to New York State

    03/10/2019 2:41:30 PM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 03/10/2019 | Thomas Lifson
    Despite being the object of a huge amount of media attention, few people seem to know that Alexandria Ocasio-Cortez tried to be an entrepreneur and fell flat on her face. Her media pals certainly have no interest in publicizing the fact the she embraced socialism after she proved to be utterly, embarrassingly  incompetent at  earning her way.  Monica Showalter asked the key question on these pages last summer: “Did Alexandria Ocasio-Cortez's socialist fanaticism come from bitter failure in business? Now, thanks to digging by the New York Post, we know that: Brook Avenue Press, a company she founded in...
  • 5 weird tax deductions the IRS has allowed

    03/07/2019 9:31:48 AM PST · by Red Badger · 16 replies
    CNBC ^ | 03-07-2019 | Darla Mercado
    Key Points Normally you can’t take a tax break for your pet but, under select circumstances, you might be able to. The IRS once allowed an exotic dancer to deduct the cost of breast implants. Is your pet a social media influencer? You just might be considered a small business. ============================================================== You probably know by now that charitable deductions are tax-deductible. But how about the cost of caring for your pet? Or your kid’s clarinet lessons? In select cases, the IRS has permitted taxpayers to deduct off-beat expenses on their tax returns. Here’s the key: Those costs must meet certain...
  • New York Tax for Non-Resident Employee is Unfair

    03/07/2019 6:24:56 AM PST · by tired&retired · 63 replies
    vanity
    I'm doing a New York Non-Resident Tax Return and it is the most unfair tax law on non-residents I have seen in over 40 years of doing taxes. New York, with one of the highest tax rates in the USA computes your NY Tax by applying their high rate to all your income on the Federal Return and then allocating the tax based upon the percentage of NY income to total Federal income. The effect of this is to tax your out of state income at the New York higher tax rate which is illegal. Example: $8,500 income from wages...
  • Audit: More than 10 million Americans feeling SALT cap pain

    03/03/2019 8:27:30 PM PST · by GuavaCheesePuff · 124 replies
    newsday ^ | February 26, 2019 | Robert Brodsky
    Nearly 11 million Americans nationwide would have been capped from deducting more than $323 billion in state and local taxes in 2017 because of changes enacted in the GOP's tax reform legislation, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration — and expect similar results for the 2018 tax year. The 28-page report offers a new window into the full scope of the $10,000 cap on SALT deductions, which is supported by the White House and top congressional Republicans but has been heavily criticized by the leaders of many high-tax Democratic states, including New...
  • As Tax Season Rolls On, IRS Still Reporting Fewer Returns & Smaller Refunds

    02/27/2019 8:52:34 AM PST · by SeekAndFind · 44 replies
    Forbes ^ | 02/27/2019 | Kelly Phillips Erb
    The tax season appeared to be off to a slow start when it opened last month, with initial statistics showing fewer returns filed and smaller refunds issued. While the numbers from the Internal Revenue Service (IRS) were down, expectations were still high. However, a few weeks later, the data is again raising eyebrows: across the board, fewer taxpayers have filed tax returns and refund numbers remain underwhelming. Tax season opened on January 28, 2019. Three weeks into the season (week ending February 15, 2019), the IRS has received 39,747,000 individual income tax returns. That compares with 41,738,000 individual income tax...
  • Immigrant advocate in Arizona gets 18-month sentence in tax fraud case

    02/20/2019 12:45:04 PM PST · by Oldeconomybuyer · 8 replies
    KTAR Local News ^ | February 20, 2019 | by AP
    PHOENIX - A longtime advocate for immigrants in Arizona was sentenced Wednesday to 18 months in federal prison and ordered to pay $131,000 in restitution for a felony conviction stemming from his tax preparation business. Elias Bermudez had previously pleaded guilty to assisting in the preparation of false tax returns, acknowledging that he falsely added dependents, including three children who lived in Mexico, to his clients’ tax returns to maximize refundable credits. Bermudez, 68, led protests more than a decade ago against immigration laws and then-Sheriff Joe Arpaio’s crackdowns on immigrants. He is known for kneeling down in front of...
  • It's not that Amazon pays zero tax, it's that we don't know how tax laws are written

    02/15/2019 5:27:21 AM PST · by CharlesOConnell · 10 replies
    I don't care about Jeff Bezos, he can be buried with all his money stuffed into every orifice. (Besides, you can now get free shipping from Walmart, so, ha, ha, the best revenge is living well.) I care about the Matrix involved in the tax and Federal Reserve charade. In the 1970s, I saw an author on Tony Brown's Journal who claimed that the Federal Reserve, creating monies out of nothing, maintains a farm system of which the American tax code is a subsidiary, so that the Fed loans money to the Federal Government, they pay, obviously, welfare, but tax...
  • New York has a giant tax problem its leaders don’t want to face

    02/11/2019 7:03:47 AM PST · by george76 · 37 replies
    NY Post ^ | February 4, 2019
    New York state’s income tax take is dropping rapidly, but its leaders don’t seem interested in truly facing the implications. Projected income tax revenues for the year just dropped $2.3 billion, Gov. Andrew Cuomo and Comptroller Tom DiNapoli announced Monday — and that’s after falling $500 million in December. Cuomo partly gets what’s going on: “‘Tax the rich! Tax the rich! Tax the rich!’ We did. Now, God forbid, the rich leave,” he said. He noted that the top 1 percent of New York earners provide 46 percent of the state’s personal income tax revenues, and cited anecdotal evidence that...