Keyword: tax

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  • Donald Trump Rolls Out Winning Platform: Cut Taxes, Save Social Security and Medicare

    06/19/2016 9:30:19 PM PDT · by detective · 83 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. Trumps platform is nearly invincible in the general election if he stresses it enough, polling shows. Trumps 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 wouldnt release his tax returns before November. The real estate mogul told Fox News host Greta Van Susteren that while hes under audit every single year, he will hopefully release his tax returns before Nov. 8.... I dont know the rules on audits and Im 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, youd 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 lets 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 Christians 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 Cruzs 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
    Its 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 cant 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 camels 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 Cruzs 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. Trumps 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. ...
  • Donald Trump rejects Mitt Romney's ironic tax attack

    02/24/2016 7:03:02 PM PST · by EveningStar · 44 replies
    CNN ^ | February 24, 2016 | Stephen Collinson, Jeremy Diamond and Hasan Khan
    Donald Trump is leaving the door open to not releasing his tax returns, just hours after Mitt Romney warned Wednesday that the billionaire's tax documents could contain a "bombshell." The GOP front-runner said in an interview with CNN's Anderson Cooper that he will "make a determination over the next couple of months" as to whether he will release his tax returns... It was also an attack steeped in irony, since Romney was on the receiving end of similar claims by then-Senate Majority Leader Harry Reid, when Democrats eviscerated him over his fortune and business record during the 2012 campaign. Reid...
  • Mitt Romney: Good Reason to Believe There's a 'Bombshell' in Donald Trump's Taxes

    02/24/2016 2:54:26 PM PST · by SeekAndFind · 129 replies
    Washington Free Beacon ^ | 02/24/2016 | David Rutz
    2012 GOP presidential nominee Mitt Romney said Wednesday on Fox News there is good reason to believe there is a "bombshell" to be found in Donald Trump's back taxes. Asked by host Neil Cavuto why he hadn't officially backed a Republican for the 2016 nomination, Romney said he would like to see the back taxes from several of the candidates. Taxes were a sore spot for Romney in 2012, with then-Senate Majority Leader Harry Reid (D., Nev.) publicly accusing him of not even paying them. "This will give us a real sense of whether these people are on the up...
  • Who of the Candidates Has Fairest Tax Plan of All?

    02/05/2016 9:22:38 PM PST · by JSDude1 · 28 replies
    Townhall ^ | Feb 6, 2016 | Stephen Moore
    With the first real votes being cast in the presidential race Monday, this is an opportune moment to do some last-minute comparison shopping on the candidates' tax reform plans. On this issue there's a lot to cheer about. All the Republican candidates have crafted plans that would slash tax rates for everyone and most would vastly simplify the thousands of pages of IRS tax code. Ted Cruz and Rand Paul have endorsed flat-tax plans that, for full disclosure, were designed by Arthur Laffer and myself. These plans have drawn some criticism from the Right of late, though these attacks are...
  • Obama Proposes $10 Tax On Each Barrel Of Oil

    02/05/2016 9:54:42 AM PST · by bananaman22 · 48 replies
    Oilprice.com ^ | 05-02-2016 | Barnie
    The Obama administration will reportedly unveil a proposal next week that would place a $10 tax on each barrel of oil produced in the United States. The proposal is part of the President’s budget for fiscal year 2017. The $10 oil tax would raise an estimated $32 billion, and the money would be used to fund an ambitious program of investments in clean energy, mass transit, high-speed rail, self-driving cars, light rail, subways, buses, and much more. The investments could total $300 billion in new spending. The proposal would help bring America’s infrastructure into the 21st century, and provide “a...
  • Gas Drops Below $1.50 in Some Areas, and We Haven't Hit Bottom Yet

    02/02/2016 7:28:32 AM PST · by thackney · 49 replies
    NBC News ^ | FEB 2 2016 | MARTHA C. WHITE
    American drivers are now enjoying gasoline prices that haven't been this low since January 2009. Data from the AAA shows that the average annual price for a gallon of gas has been below $2 a gallon for about a month now. Just within the past week, the national average gas price ticked below $1.80 for a gallon of regular gas, a drop of 20 cents just since the beginning of 2016. "I think you have probably another three to four weeks of prices in this area - I think we could drop another nickel or so," said Denton Cinquegrana, chief...
  • U.S. top court rejects new challenge to Obamacare

    01/19/2016 7:39:18 AM PST · by Tolerance Sucks Rocks · 19 replies
    Reuters ^ | January 19, 2016 | Lawrence Hurley
    The U.S. Supreme Court, which delivered major rulings in 2012 and 2015 preserving President Barack Obama's signature healthcare law, on Tuesday declined to take up a new, long-shot challenge to Obamacare brought by an Iowa artist. The court turned away an appeal by Matt Sissel, who had asserted that the 2010 Affordable Care Act violated the U.S. Constitution's requirement that revenue-raising legislation must originate in the House of Representatives, not in the Senate, as the healthcare law did.
  • What makes someone religious? Tax forms, apparently

    01/13/2016 7:37:08 AM PST · by NYer · 4 replies
    cna ^ | January 12, 2016 | Matt Hadro
    Washington D.C., Jan 12, 2016 / 03:41 pm (CNA).- Since its first introduction, the federal contraception mandate has drawn controversy, with hundreds of employers saying it forces them to violate their sincerely-held religious beliefs. Now, one lawyer is arguing that the Obama administration unfairly relied on tax law to determine which institutions were religious enough to get an exemption from the mandate."The distinction they ended up making was simply whether you file a 990 [tax form] or not. That's an absurd distinction to make," Carrie Severino of the Judicial Crisis Network told CNA."At the end of the day, it's really...
  • New York Loses $400 Million After Imposing The Nation’s Highest Cigarette Tax

    01/03/2016 2:08:13 PM PST · by ScottWalkerForPresident2016 · 79 replies
    The Daily Caller ^ | 12/28/2015 | Guy Bentley
    New York is reaping the whirlwind of sky-high cigarette taxes with a wave of smuggling decimating the state’s revenue. New York raised taxes on cigarettes to $4.35 in 2010 from $2.75. In total, cigarette taxes have increased by 190 percent since 2006. The sharp rise has resulted in a raft of unintended consequences which are dealing a significant blow to the state’s finances. New York State Comptroller Thomas DiNapoli reports New York’s revenue from cigarette taxes has plunged by $400 million over the past five years.
  • Court upholds ruling on Seattle ‘gun violence tax’

    12/22/2015 5:39:50 PM PST · by ButThreeLeftsDo · 46 replies
    KIROTV.com ^ | 12/22/15 | By KIRO 7 News
    King County Superior Court upheld legislation allowing the City of Seattle to tax gun and ammunition sales, according to documents released on Tuesday. Seattle City Council unanimously approved the "Gun and Violence Tax" in August; it charges $25 for every firearm legally sold in Seattle. In addition to the 2 to 5 cents added to sales of certain types of ammunition, it would owners require reporting lost or stolen guns within 24 hours of their disappearance. The City Budget Office estimates the gun violence tax will raise between $300,000 and $500,000 a year to be used for gun violence research...
  • Hopes rise for major tax package

    12/09/2015 7:18:12 AM PST · by SeekAndFind · 18 replies
    The Hill ^ | 12/09/2015 | By Alexander Bolton and Naomi Jagoda
    Congressional leaders and senior White House officials are scrambling to put together a major tax deal, with the talks showing new signs of life after faltering over the weekend. Negotiations ramped up Monday on a deal that could balloon to $800 billion. Both sides are expressing optimism, though buy-in from the White House is still needed. Senate Majority Leader Mitch McConnell wants to show voters ahead of next year's election that Republicans know how to govern. He said Congress would finish work on "either a couple-a-year tax package or a more robust tax package." "I lean toward the latter and...
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • I’m still waiting to hear Carly Fiorina's three page tax plan

    11/11/2015 9:05:19 AM PST · by JOHN W K · 22 replies
    11-11-2015 | johnwk
    Both the Republican Party Leadership and the Democrat Party Leadership have one thing in common when it comes to tax reform. They both want to keep alive the socialist and failed experiment of allowing Congress to lay and collect taxes calculated from profits, gains, salaries, wages, tips, and other lawfully earned incomes. Of course, I'm sure a thinking person such as Carly Fiorina knows that our Congress critters love this particular tax because it not only allows our Washington Establishment to engage in all sorts of nefarious and corruptible schemes to fatten the fortunes of friends and donors, but also...
  • Before recent transfer, Highway Trust Fund had reached its lowest level in years

    11/10/2015 6:02:09 AM PST · by thackney · 18 replies
    Energy Information Administration ^ | NOVEMBER 10, 2015 | Energy Information Administration
    Earlier this year, the Highway Trust Fund (HTF) reached its lowest level in decades, ending July at $6.1 billion dollars. A congressionally approved transfer of more than $8 billion boosted the fund's balance to end the fiscal year (September 30) at $12 billion, but that is still the second-lowest year-end level since 1984. Construction of the U.S. Interstate Highway System began in 1956. Extensions brought the total length of the system to 47,856 miles by 2013. Maintenance of this highway system and some new road construction is financed by the HTF, which receives revenue from taxes on gasoline and diesel...
  • Ted Cruz Presents Ambitious Tax Plan: A 10% Flat Tax for Everybody

    11/09/2015 4:38:54 AM PST · by Michael van der Galien · 60 replies
    PJ Media ^ | 11-09-2015 | Michael van der Galien
    [VIDEO] Texas Senator and Republican presidential candidate Ted Cruz has presented his own tax plan for America. While the tax plans of the other candidates are quite impressive, Cruz’s is by far the most ambitious and pro-growth of them all. Last weekend, Cruz was given the opportunity to explain what his tax plan encompasses. The most important part of the plan is a 10% flat tax. In contrast to a so-called fair tax, a flat tax means that everybody pays the same percentage to the federal government. In his case, that’s 10% — 4.5% less than Rand Paul’s plan. Cruz’s...
  • Lawsuit Accuses Missouri City of Fining Homeowners to Raise Revenue

    11/04/2015 5:20:28 PM PST · by proxy_user · 3 replies
    The New York Times ^ | MONICA DAVEY
    PAGEDALE, Mo. This spring, officials in this tiny city near St. Louis ordered Valarie Whitner to replace her siding; repaint her gutters, downspout and foundation; and put up screens or storm covers outside every window and blinds or curtains on the inside. And that was before the list of demands moved on to her roof, fence and yard. Ms. Whitner, 57, who works nights at a hospital, said she and her longtime partner felt swamped beneath the costs of paying for the city-mandated repairs and for fees, fines and court costs, which her lawyers say included at least $2,400 in...
  • Small Business Supports Cruz, Simple Flat Tax Plan

    11/03/2015 5:03:20 PM PST · by Isara · 3 replies
    TedCruz.org ^ | 11/03/15
    Announces Small Business for Cruz Coalition Supporting Ted Cruz for President and His Economic PoliciesHOUSTON, TX - Today, Presidential candidate Ted Cruz announced the creation of the Small Business for Cruz Coalition. The coalition will be led by National Co-Chairs J. Keet Lewis, and Joe and Gladys Grimaud, who also expressed support for Cruz's newly announced tax reform plan, the Simple Flat Tax."Small businesses are the backbone of the American economy, but in the current environment they are going out of business in record numbers," Cruz said. "We need to empower small business owners and entrepreneurs. Through lower taxes, less...
  • Ted Cruz's Tax Plan: Creating Jobs And Economic Growth

    11/03/2015 6:04:03 AM PST · by St_Thomas_Aquinas · 25 replies
    IBD ^ | 11/02/2015 | LEWIS K. UHLER AND PETER J. FERRARA
    The tax-reform proposal unveiled by Ted Cruz last week is as transformative, intellectually dominating and economically and politically revolutionary for 2016 as Kemp-Roth was in 1980. Indeed, even more so. Cruz's plan would scrap the current income tax code and replace it with a simple, single, flat rate of 10%, to be paid by everybody on everything — wages, profits, capital gains, dividends, rent, interest and all forms of individual income. No one would be able to claim that billionaires pay lower tax rates than their secretaries or that the system is rigged to favor the rich over the middle...
  • Anadarko, Occidental, Devon all had huge tax bills in 2014

    10/22/2015 6:13:56 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | October 21, 2015 | Joshua Cain
    Anadarko, Occidental and Devon Energy paid the highest tax rates among all U.S. corporations for which data was available for 2014, according to a report compiled by WalletHub. Anadarkos tax rate was massive in any context the oil and gas exploration firm, based in The Woodlands, took in just $54 million before taxes last year, and paid an effective tax rate of 2,994 percent, the highest of any company. That means Anadarko paid about $1.6 billion in taxes for its last fiscal year. According to CNBC, Anadarko said the giant tax bill resulted from settling a legal case and...
  • The Tax Break for Rich Liberals

    10/12/2015 11:04:45 PM PDT · by grundle · 17 replies
    Wall St. Journal ^ | October 7, 2015
    Bush wants to cancel the deduction for state and local taxes. As the presidential candidates roll out tax reforms, one test of seriousness is which tax deductions theyll cut. One of the better ideas is Jeb Bushs proposal to end the deduction for state taxes. While liberals decry tax cuts for the rich, they adore this particular subsidy for the rich, and especially for rich states and the political class in Sacramento, Albany and Trenton. Since the creation of the federal income tax in 1913, taxpayers who itemize have been allowed to deduct the income and property taxes paid to...
  • Tax Cuts on Sale: Save Up to 10 Percent on Income Tax Rate Cuts

    09/30/2015 8:25:13 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 9/26/2015 | James Hohman
    Michigan taxpayers and voters were surprised earlier this year as the bill for business subsidies handed out years ago came due higher than expected. It sent legislators scurrying to figure out what to do about the cost of a corporate welfare program begun in 1995. So far, they have come up empty. Nevertheless, there is one loophole that should be explored. It can lower the expense of these incentives while also making Michigan a more inviting place for businesses. Michigan can reduce the generosity of its existing business subsidies by lowering the states personal income tax rate. Before 2012, the...
  • Larry Kudlow on Trump's Tax Plan: I Really Like It

    09/29/2015 7:59:28 PM PDT · by Hojczyk · 27 replies
    Newsmax ^ | September 29,2015 | Larry Kudlow
    Kudlow, who hosts his own syndicated radio show, has long championed a 15 percent corporate tax rate, but "I never thought I'd see a candidate do it. Special: Not Transferring a Credit Card Balance Is a Big Mistake "It'll give us a gigantic advantage. Bring capital and businesses to the U.S., make us the most hospitable place to invest and that's what Donald Trump has done." Republicans are currently split over whether to defund Planned Parenthood in the budget talks, even if it could lead to another federal government shutdown. The 16-day partial closing of the government in 2012...
  • TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

    09/29/2015 10:23:03 AM PDT · by WilliamofCarmichael · 18 replies
    TRUMP MAKE AMERICA GREAT AGAIN ^ | 9/28/2015 | Donald J. Trump
    This is a HTML LIST version of full text of TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN [Full text of Trump's Tax plan]. Personally I find it easier to get information when the entire document is in a kind of outline format. Hover underlined words for definitions.
  • Mark Levin Gives Thumbs-Up on Donald Trump Tax Proposal: 'A Hell of a Plan'

    09/29/2015 3:56:48 AM PDT · by Helicondelta · 36 replies
    breitbart.com ^ | 28 Sep 2015726
    "This is a hell of a plan, conservative radio host Mark Levin said Monday night about Donald Trumps tax proposal, while admitting he disagrees with the GOP candidate in several areas. Let me tell you the strong things in this, he continued. And hes very specific for those who want specifics. Levin explained: From seven tax brackets to four. And the top rate is 25%. The top rate now is 39.6%, but for some people it actually winds up being 43% thanks to the deal the Republicans made with Obama a few years ago. So, the Republican establishment types ...
  • Analysis: The good and the bad of Donald Trumps personal income tax policy

    09/28/2015 7:57:43 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    I wrote earlier today how Trump could “surprise me in a good way” over his tax plan, and you know, he did. His personal income tax reform plan for people who don’t have stocks is really simple and something which he should be praised for.The simplification is really good and is a lot easier than the current system. Good on Trump for doing this. From a personal standpoint, I prefer either a very low flat tax (7%) or zero income tax at all. But the income tax part of Trump’s plan isn’t bad at all. I’m still not sure...
  • Full Press Conference: Donald Trump Unveils His Tax Plan (9-28-15)

    09/28/2015 9:45:16 AM PDT · by Arthur McGowan · 25 replies
    YouTube ^ | 150928 | Donald Trump
    Visit https://www.donaldjtrump.com/position... to see the full plan September 28, 2015: At Trump Tower in New York City
  • Tax Reform That Will Make America Great Again

    09/28/2015 9:33:15 AM PDT · by GGpaX4DumpedTea · 16 replies
    Donald J Trump Website ^ | 9/28/2015 | Donald J Trump
    Tax Reform That Will Make America Great Again The Goals Of Donald J. Trumps Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: 1.Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. 2.Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. 3.Grow the American economy...
  • TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

    09/28/2015 9:20:30 AM PDT · by DannyTN · 77 replies
    Donald Trump Official Campaign Site ^ | 9/28/2015 | Donald Trump
    The Goals Of Donald J. Trumps Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. Grow the American economy by discouraging corporate inversions, adding a huge number...
  • Trump to release tax reform proposal on Monday

    09/27/2015 4:38:36 PM PDT · by Red Steel · 25 replies
    Hill ^ | September 27, 2015, 03:28 pm | Jonathan Easley
    Republican presidential front-runner Donald Trump will release a policy proposal outlining his ideas on tax reform on Monday. Trump will announce the proposed reforms at a press conference at Trump Tower in New York City. Essentially, the plan is a major tax reduction for almost all citizens and corporations, in particular, those in the middle and lower income classes, the Trump campaign said in a statement. Likewise, a major beneficiary will be corporations and job producers, with an emphasis on businesses in the United States and bringing money back into the United States, which is locked in other countries (Corporate...
  • DC Launches Anti-Smoking Campaign A Week Before Taxing Vape Shops Out Of Existence

    09/25/2015 8:08:40 PM PDT · by Tolerance Sucks Rocks · 40 replies
    The Daily Caller ^ | September 24, 2015 | Josh Fatzick
    D.C. Council Member Yvette Alexander announced Tuesday that the week of Sept. 20, 2015, would forever be known as DC Calls It Quits Week. The announcement comes just one week before the city plans to implement a 67 percent tax on e-cigarettes, effectively taxing vape shops out of existence. Alexander brought a gaggle of people to the front of the council chambers to make the announcement and to encourage everyone in the District of Columbia to put down those cigarettes. "Put down those tobacco product today, and hopefully this can be the beginning of a new beginning for anyone who...
  • This is how much income tax people pay in every major city around the world

    09/22/2015 11:35:28 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 09/22/2015 | Mike Bird
    Investment bank UBS recently published its "Prices and Earnings" research note for 2015, tracking everything from taxes, incomes and working hours to the how long it takes the average person to earn enough for an iPhone or a Big Mac. One of the graphics that comes with the report is on income taxes and social security contributions, showing just how heavy those personal and work-related taxes are around the world. The figures are for a select group of professions that UBS profiled, a full list of which can be seen below the graphic. There's a huge range, from Copenhagen where...
  • Label, Govern, Bully and Tax the people into submission

    09/22/2015 6:22:37 AM PDT · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 09/22/15 | A. Dru Kristenev
    Any immigrant wishing to make their home in America must be willing to accept the native culture of Freedom and they are to be held to that standard to gain entrance Anyone who believes they can create a positive culture shift through these tactics must study how the Left is incorporating gambits used by oppressive regimes for centuries. This is the true LGBT acronym: Labelthose who do not agree with the morality shift are tagged with denigrating terms that quantify bigotry. Governallow a fractional minority (environmental lobby, illegal immigrant, homosexual, ethnic group, etc.) to influence the institution and enforcement of...
  • Chicago Adds Ridiculous 9% Cloud Tax on Netflix and Other Streaming Services

    09/21/2015 8:06:53 AM PDT · by thackney · 29 replies
    Daily Signal ^ | September 18, 2015 | Jason Snead
    Streaming companies like Netflix, Spotify, and Amazon Prime are revolutionizing how Americans consume media content. These wildly popular services enable ubiquitous and virtually instantaneous access to expansive catalogues of music, movies, and TV shows. Streaming is big business, and Chicago wants a piece of the action. On Sept. 1, the citys controversial new cloud tax went into effect, extending a 9-percent amusement tax into the digital realm. Streaming the latest Taylor Swift album and binge-watching House of Cards is about to get a whole lot more expensive in the Windy City. In addition to its amusement tax, Chicago is extending...