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Keyword: tax

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  • 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 state’s 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...

    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 ^ | 28 Sep 2015726
    "This is a hell of a plan,” conservative radio host Mark Levin said Monday night about Donald Trump’s 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 he’s 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 Trump’s 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 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. Trump’s 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...

    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. Trump’s 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: Label—those who do not agree with the morality shift are tagged with denigrating terms that quantify bigotry. Govern—allow 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 city’s 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...

    09/20/2015 7:53:02 AM PDT · by DUMBGRUNT · 24 replies
    LA weekly ^ | 15 Sept 2015 | LAUREN HERSTIK
    Writer Mallory Carra freelanced a little bit in 2012, and in 2014 she got a notice that the City of L.A. was assessing her "business taxes" for $30,000 in unreported income from 2012. That would have been great, but her freelance earnings in 2012 were about $500, and she could prove it. "When I told that to the woman on the phone at the [Los Angeles city] finance department, she laughed,"
  • Americans are leaving religion. Why are we still subsidizing it?

    09/15/2015 8:28:27 AM PDT · by C19fan · 76 replies
    Washington Post ^ | September 14, 2015 | David Niose
    The arguments for taxing churches have been around for many years, but there is reason to believe that America’s changing religious demographics will soon give them more traction. As more Americans abandon organized religion, many of the newly secular are unsympathetic to subsidizing religion via the tax code.
  • Is Emanuel building a loophole into his gigantic tax hike? ( Chicago )

    09/04/2015 2:00:31 PM PDT · by george76 · 8 replies
    Crain's Chicago Business ^ | September 04, 2015 | GREG HINZ
    Is Mayor Rahm Emanuel preparing to exempt some homeowners from his big new property tax? A series of fascinating signals is emanating from City Hall that suggest, to ease passage of his $500 million plan through the City Council, the mayor indeed is preparing a plan—being dubbed internally the "bungalow belt exemption"—to give a break to owners of middle-income residences. No figures are available as to exactly who would be covered. The Emanuel administration is in high message-control mode since word of the pending tax hike leaked out earlier in the week, with the mayor apparently trying to float ideas...
  • Taxpayers Fleeing Democrat-Run States for Republican Ones

    09/04/2015 5:40:17 AM PDT · by Arcy · 50 replies
    American's for Tax Reform ^ | Sept. 4, 2015 | Paul Blair
    In 2013, more than 200,000 people on net fled states with Democrat governors for ones run by Republicans, according to an analysis of newly released IRS data by Americans for Tax Reform. "People move away from high tax states to low tax states. Every tax refugee is sending a powerful message to politicians," said ATR President Grover Norquist. "They are voting with their feet. Leaders in Texas and Florida are listening. New York and California are not." That year, Democrat-run states lost a net 226,763 taxpayers, bringing with them nearly $15.7 billion in adjusted gross income (AGI). That same year,...
  • Emanuel set to call for largest property tax hike in modern Chicago history

    09/03/2015 12:32:20 PM PDT · by sleeper-has-awakened · 29 replies
    Chicago Tribune ^ | 09-03-2015 | Hal Dardick and Bill Ruthhart
    Mayor Rahm Emanuel is set to call for the largest property tax increase in modern Chicago history to raise enough money to make a major pension payment for police and firefighters next year, the mayor's City Council floor leader and a City Hall source told the Chicago Tribune late Wednesday.. The mayor also plans to push a new garbage collection tax, a new per-ride fee on taxis and ride-hailing services such as Uber and a new tax on electronic cigarettes and smokeless tobacco products. ....The property tax increase Emanuel is mulling would far exceed what the mayor himself said during...
  • Seattle Passes ‘Gun Violence’ Tax, NRA and Others Sue

    08/27/2015 2:21:04 PM PDT · by SeekAndFind · 11 replies
    Pajamas Media ^ | 08/27/2015 | Liz Sheld
    Not just one, but three Second Amendment groups have filed suit against the city of Seattle for adopting a “gun violence tax” on ammunition and firearms, “designed to help offset the financial toll of gun violence”: The complaint was filed Monday in King County Superior Court by the NRA, the Bellevue-based Second Amendment Foundation and the National Shooting Sports Foundation, along with two gun owners and two gun shops. It called the tax legally unenforceable because Washington state prohibits local governments from adopting laws related to firearms unless those local ordinances are specifically authorized by the state. More likely...
  • Analysis: 1 in 4 employers hit with Obamacare tax

    08/25/2015 7:18:17 AM PDT · by george76 · 20 replies
    Examiner ^ | 8/25/15 | PAIGE WINFIELD CUNNINGHAM
    One out of four U.S. employers may soon face a steep new Obamacare tax on the insurance coverage they offer workers, unless they take steps to reduce overall spending on the plans. A new analysis released Tuesday by the Kaiser Family Foundation found that 26 percent of employers offer health benefits that could be subject to the Affordable Care Act's "Cadillac" tax on high-cost plans when it starts in 2018. The tax kicks in when the total spending on a health plan — including the employer and employee premium contributions — exceeds $10,022 for an individual or $27,500 for a...

    08/22/2015 4:25:30 PM PDT · by Hojczyk · 67 replies
    Breitbart ^ | August 22, 2015 | IAN HANCHETT
    16 Republican presidential candidate Donald Trump declared, “I think flat tax is okay” on Friday’s broadcast of the “Matt Murphy Show” on Birmingham, AL’s WAPI. Trump said, “Who knows taxes better than me?” He continued, “You know, when they talk about fixing the tax, it’s so complicated, that people have to go and use H&R Block to do a $50,000 — a man who makes $50,000 has to spend money –.” Host Matt Murphy then cut in to ask Trump if he supports the fair tax. Trump answered, “Well, I think fair tax is okay. And I think flat tax...
  • Senate panel votes to raise California gas tax 12 cents a gallon

    08/21/2015 12:03:20 AM PDT · by South40 · 41 replies
    Contra Costa Times ^ | 20 AUG 2015 | Jessica Calefati and Josh Richman
    SACRAMENTO -- State lawmakers on Wednesday took the first steps toward raising taxes and fees on motorists and further restricting Californians' tobacco use as the Legislature convened special sessions aimed at solving the state's transportation and health care funding crises. Members of a Senate committee tackling a huge backlog of roadway maintenance endorsed legislation that would generate $4 billion annually for repairs by increasing the gas tax 12 cents a gallon and boosting annual vehicle registration fees $35 for most cars. Fees for all-electric vehicles would go up $100.
  • Ban Carson's tax reform: keep the socialist income tax

    08/11/2015 10:46:09 AM PDT · by JOHN W K · 23 replies
    8/11/15 | johnwk
     Well, I see Ben Carson, just like a number of our establishment Republican candidates, is supporting a continuance of the socialist experiment of laying and collecting a federal tax calculated from profits, gains, salaries and other lawfully earned incomes ___ and he even has invoked God in support of his proposed damnation! In addition to circumventing our Constitution’s command requiring all direct taxes to be apportioned among the States, Carson’s tax reform keeps a patently evil power in our federal government’s hands that has been used over and over by our federal government for nefarious purposes, and has proven to...
  • Seattle ‘Gun Violence’ Tax Set to Pass ($25 per gun - $.05 per round)

    08/09/2015 7:53:43 PM PDT · by Zakeet · 45 replies
    PJ Tatler ^ | August 9, 2015 | Rick Moran
    There isn’t a far-left issue that the Seattle City Council hasn’t passed or considered passing. So you just knew that they would get around to screwing gun owners in some novel and inventive way. How about a $25 tax on every firearm sold? Add to that a 5 cent tax on every cartridge and you have the typical liberal assault on law-abiding gun owners. But that’s only part of the package. There’s also a provision to require gun owners to report the theft or loss of any firearm within 24 hours. [Snip] The tax is expected to bring $300-500,000 a...

    08/06/2015 2:55:30 PM PDT · by george76 · 26 replies
    FrontPage Magazine ^ | August 5, 2015 | Daniel Greenfield
    Obama is petty and vengeful. At this point, anything with the words "Green Energy" might as well be read as "Screw the Middle Class". After being shot down by the court, Obama's Green Energy plan has risen from the grave meaner and nastier than ever. First of all it's been retooled to hit Republican states hardest. ... Behind the euphemisms, the Thug-in-Chief is doing his usual petty bit by lashing out at opponents while seeking to punish them. And backed in is a Carbon Tax plan, which will save the planet by enriching a handful of billionaires and rip you...
  • Five Myths About Capital Gains Taxes

    08/04/2015 3:37:57 PM PDT · by Kaslin · 4 replies ^ | August 4, 2015 | Stephen Moore
    The late, great Jack Kemp, an architect of the Reagan tax cuts, used to say, "Without capital, capitalism is just another ism." Capital is the plants, the machinery, the computers and trucks that businesses invest in to become productive and efficient providers of goods and services. So it's strange that last week Hillary Clinton declared war on capital with her plan to nearly double the capital gains rate for investments held less than six years. The capital gains tax rate fell to 15 percent in the George W. Bush years, was raised 23.8 percent under Barack Obama and Hillary Clinton...
  • Hillary’s Inconceivably Stupid Capital-Gains Tax Scheme

    07/25/2015 6:39:48 AM PDT · by SeekAndFind · 10 replies
    National Review ^ | 07/25/2015 | Larry Kudlow
    The worst sectors of the worst recovery since World War II are business investment in new plants and equipment and new business start-ups. These are the biggest job-creators, and their slump is a key reason for the sub-par labor recovery, with low participation rates and high numbers of involuntary part-time workers. So if investment is the problem, what does Hillary Clinton go out and do? She proposes jacking up the tax on investment. It’s almost inconceivably stupid. In her latest economic speech, Clinton proposes doubling the capital-gains tax rate on the profit made from asset sales (stocks, bonds, real estate)...
  • St. Paul schools may adjust health plans to avoid 'Cadillac tax'

    07/24/2015 5:20:34 AM PDT · by TurboZamboni · 10 replies
    Pioneer Press ^ | 7-22-15 | Josh Verfes
    St. Paul Public Schools employees are likely to see their health benefits curtailed as the school district looks to avoid financial penalties set to begin in 2018. The Affordable Care Act's "Cadillac Tax" provision will charge employers an excise tax on high-cost plans -- 40 percent on every dollar over $10,200 on individual and $27,500 on family plans. Jeni Simon, a consultant with Aon Hewitt, told school board members Tuesday that companies already are redesigning their health plans in order to avoid paying the tax. A survey found 92 percent of U.S. employers expect their health plans to change by...
  • Video: Watch as Liberals Eagerly Sign Petition Promoting ‘White Privilege Tax’ on White People

    07/21/2015 8:41:40 AM PDT · by Signalman · 7 replies
    pjmedia ^ | 7/20/2015` | Rick Moran
    This is both hysterically funny and frightening at the same time. Mike Dice, the merry trickster whose videos expose liberal stupidity (his most recent “petition” was to tear down Mount Rushmore for being “racist”), hit the jackpot with liberals signing on to promote a 1% “White Privilege Tax” on white people. Asked to sign the petition to support a 1% income tax on all white Americans in order to “even out the playing field” and redistribute the wealth amongst minority communities, the first man in the clip is incredulous that such a policy would pass but signs his name to...
  • The Unintended Consequences of Hillary's Soak-the-Rich Tax Policies

    07/21/2015 4:58:30 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | July 21, 2015 | Scott Hodge
    Tax policy is thought by many in Washington to be one of the more effective tools in the battle against inequality. Indeed, presidential candidates like Bernie Sanders have implied they would raise taxes on the rich to correct for rising inequality, and according to the Wall Street Journal, Hillary Clinton is set to announce her plans to increase taxes on capital gains this week. Populist calls for higher taxes on the rich play very well on the stump, but the resulting policies always seem to produce unintended consequences. Two provisions of Bill Clinton's 1993 tax increase are good examples: The...
  • Arthur Laffer: How Tax And Tariff Hikes Crushed 1930s America

    07/20/2015 4:46:29 AM PDT · by SeekAndFind · 31 replies
    IBD ^ | 07/20/2015 | Arthur Laffer
    'Government is not the solution to our problem; government is the problem," may well be President Reagan's most oft-repeated quote. And the reason it's so frequently quoted is because it's so damn true. And no example fits this quote better than the government actions taken before and during the Great Depression. In 1929, the single largest tax increase on traded products was passed by both the U.S. House and the U.S. Senate. In May 1930, this so-called Smoot-Hawley tariff was signed into law by President Herbert Hoover, which precipitated massive retaliation on U.S. products by foreign governments. From that moment...
  • No Growing Pains: De Beque embraces sales, tax revenue from marijuana

    07/19/2015 3:00:01 PM PDT · by GSWarrior · 3 replies
    Grand Junction Sentinel ^ | 7/18/15 | Amy Hamilton
    DE BEQUE — Most motorists cruising along Interstate 70 likely don’t realize De Beque has a downtown. To get there from the interstate, drivers follow a winding road over a broad stretch of the Colorado River and under a railroad bridge. A weathered welcome sign currently lists 501 residents, although those numbers have fluctuated over the years. Yet thanks to the 40-foot-high pillar adorned with a gigantic green cross and a yellow smiley face, Exit 62 off the interstate now is the first outpost for eastbound drivers in Colorado to purchase marijuana. The January opening of Kush Gardens, 4550 U.S....
  • Hillary: I'm 'examining' Obamacare's Cadillac tax

    07/16/2015 1:26:24 PM PDT · by Brad from Tennessee · 23 replies
    Politico ^ | July 16, 2015 | By Danny Vinik
    In her highly anticipated speech on the economy Monday, Hillary Clinton was heavy on rhetoric and short on specifics, promising to reveal her actual policy proposals in the weeks ahead. But this week, she also dropped a not-so-subtle hint about a big one. In a questionnaire for the American Federation of Teachers (AFT), which endorsed her this week, Clinton noted that the so-called “Cadillac tax” levied under Obamacare is one area she is “examining.” The Cadillac Tax is a surcharge on expensive health care plans. It’s a crucial provision of Obamacare, bringing in much-needed revenue and trying to curb the...
  • Cook County Board OKs sales tax hike [ Illinois ]

    07/15/2015 5:26:25 PM PDT · by george76 · 22 replies
    Crain's Chicago Business ^ | July 15, 2015 | Greg Hinz
    Cook County Board today cleared the way for President Toni Preckwinkle's plan to raise the county's sales tax a penny on the dollar, mostly for pensions. The action came when the board's Finance Committee, which includes all board members, voted 9 to 7 to 1 to send the $474 million a year tax hike to the full board, which will consider it later today. The key votes came from Commissioner Luis Arroyo, a Chicago Democrat who voted "yes," and suburban Republican Elizabeth Gorman, who cast a "present" ballot and who is widely rumored to soon be headed to a new,...
  • Paying by the Mile

    07/15/2015 3:44:23 PM PDT · by QT3.14 · 43 replies
    Willamette Week ^ | July 1, 2015 | ANTHONY MACUK |
    Excerpt: ... The agency [ODOT] wants to move away from fuel taxes and instead charge drivers based on the distance they drive. ODOT officials have been conducting a decade long search for ways to do it—and it’s turned into an unfocused, meandering and expensive effort. The latest plan: Starting July 1, the state is seeking as many as 5,000 volunteers to pay the state a mileage-based rate rather than taxes at the gas pump. The pilot program, called OreGo, relies on drivers signing up with one of three companies that will supply plug-in devices to count the miles. But the...
  • There is Plenty of Money in the Budget for Roads

    07/15/2015 12:50:41 PM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 7/13/2015 | Jarrett Skorup
    The Michigan state budget is $54.5 billion — so why can’t legislators find an extra $1.2 billion or so for road funding? That’s the question MLive tries to answer in a video. But they buy into a bad argument in their explanation. Many proponents of raising taxes to increase road funding often say that the total budget number of $54.5 billion is misleading and that lawmakers have “only” about $10 billion to work with. MLive accepts this argument and assumes new spending for roads can only come from this portion of the state budget. But that is incorrect. While it...
  • Taxing churches is a form of religious persecution — and liberals need to stand against it

    07/14/2015 8:31:15 AM PDT · by SeekAndFind · 20 replies
    The Week ^ | 07/14/2015 | Damon Linker
    How long will it be until we begin to see a movement — egged on by activists, encouraged by receptive judges — to revoke the tax exemptions currently enjoyed by churches? A few months? A year? I don't know precisely when it will happen. But I do know that it's going to happen. The arguments have already begun. New York Times religion columnist Mark Oppenheimer recently made the case against such tax exemptions in a much-discussed essay for Time. We also know that the solicitor general of the United States believes that the opposition of religiously affiliated institutions to same-sex...
  • Will Donald Trump steal the thunder on tax reform and expose establishment candidates?

    07/12/2015 6:56:10 PM PDT · by JOHN W K · 28 replies
    7/12/15 | johnwk
    Now that Donald Trump has the American People’s attention, will he support tax reform which will end the nefarious and slavish socialist experiment allowing Congress to lay and collect taxes calculated from profits, gains salaries and other lawfully earned incomes? Will he work for real tax reform and move us to a federal tax system which taxes consumption as our founders intended? Carly Fiorina was correct when she said about our current system “The complexity and lack of transparency only benefits the powerful and connected while crushing small businesses and innovation. The result is crony capitalism–because only big businesses can...
  • Seattle Proposes Anti-Second Amendment “Gun Violence Tax”

    07/11/2015 2:20:59 PM PDT · by TurboZamboni · 28 replies
    dailycaller ^ | 7-10-15 | Larry Keane
    The Seattle City Council is expected to take up an ill-advised proposal that will impose a $25 tax on each firearm and a nickel tax on every round of ammunition sold by a retailer in Seattle. Proposed by anti-gun Council President Tim Burgess, the so-called “Gun Violence Tax” ordinance will have no effect on decreasing gun violence. It is designed to place a huge burden on legitimate firearms retailers and law-abiding gun owners. The City Council is expected to take up the proposed ordinance next Wednesday, July 15. The proposed ordinance would impose a tax on those “engaging in the...
  • Chicago To Apply 9% 'Netflix Tax'

    07/09/2015 5:29:52 AM PDT · by SeekAndFind · 13 replies
    Forbes ^ | 07/09/2015 | Travis H. Brown
    There should be small print on “Welcome to Chicago” signs – something along the lines of “businesses and innovators not actually welcome.” With its recent, growth-killing hike of the minimum wage and its ever-looming $20 billion pension hole, the Windy City finds itself at a major competitive disadvantage. Mayor Rahm Emanuel and his Department of Finance just made matters worse with the introduction of new tax rules that will notably increase the cost of using popular streaming services like Netflix , Hulu, and Spotify. Desperate for new revenue to fill its dwindling coffers, Chicago is applying a 9 percent tax...
  • GOP bill would hike gas tax by 10 cents

    07/09/2015 4:27:26 AM PDT · by GIdget2004 · 35 replies
    The Hill ^ | 07/09/2015 | Keith Laing
    A Republican House member is introducing legislation to increase the federal gas tax by 10 cents-per-gallon to help pay for transportation projects across the nation. The measure, sponsored by Rep. Tom Rice (R-S.C.), would offset the gas tax increase with a $133 income tax credit that would be offered to drivers to minimize the impact of higher prices at the pump. Rice said in an interview with The Hill that his measure would not cost extra money but would give states "certainty" about the availability of federal transportation funding as a July 31 deadline for the expiration of the current...
  • Seattle City Council considers gun, ammo tax

    07/08/2015 10:07:07 AM PDT · by aimhigh · 31 replies
    King5News ^ | 07/08/2015 | Michael Konopasek
    Seattle City Council president Tim Burgess is proposing a new tax on guns. The proposal would tax gun sales $25 per gun and add a five cent-tax on each round of ammunition. Five cents per round adds up to a roughly $2.50 increase for a box off handgun ammunition. The legislation would also impose a $500 fine on gun owners who do not report guns lost or stolen.
  • How much could Chicago pension payments jack up your property tax bill? Try 30 percent

    07/05/2015 6:49:36 AM PDT · by george76 · 21 replies
    Crain's Chicago Business ^ | July 04, 2015 | Thomas A. Corfman
    Even as Mayor Rahm Emanuel warns about a property tax hike of up to $250 million for the cash-strapped Chicago Public Schools, another big wave of increases likely is coming to rescue the pensions of police officers and firefighters. A massive payment due to those retirement plans next year could drive up Chicago property taxes by more than 30 percent, according to a Crain's analysis. And if the current logjam in Springfield continues, it could be a lot worse. Taxes on a $250,000 home would jump $224, assuming the city continues its current practice of using property taxes to fund...
  • Oregon launches program to tax drivers by the mile

    07/03/2015 6:45:07 AM PDT · by Enlightened1 · 55 replies
    Fox News ^ | 07/03/15 | Dan Springer
    Oregon launches program to tax drivers per mile Never autoplay videos David Hastings is a rare American. This long-time hybrid car owner from Oregon wants to pay higher taxes for roads and bridges and says the current 30 cents per gallon state gas tax barely affects him. "I've been free-loading on the highways for 20 years driving electric cars or hybrid cars, getting at least 40 miles to the gallon. So I haven't been paying my share," Hastings said. Now, Hastings will pay more thanks to OReGO -- the first pay-by-the-mile program in the U.S. Oregon’s Department of Transportation has...
  • TIME Op-Ed: Now’s the Time To End Tax Exemptions for Religious Institutions

    06/29/2015 7:01:03 AM PDT · by SeekAndFind · 51 replies
    TIME ^ | 06/28/2015 | Mark Oppenheimer
    The Supreme Court's ruling on gay marriage makes it clearer than ever that the government shouldn't be subsidizing religion and non-profits Two weeks ago, with a decision in Obergefell v. Hodges on the way, Sen. Mike Lee of Utah introduced the First Amendment Defense Act, which ensures that religious institutions won’t lose their tax exemptions if they don’t support same-sex marriage. Liberals tend to think Sen. Lee’s fears are unwarranted, and they can even point to Justice Anthony Kennedy’s opinion in Friday’s case, which promises “that religious organizations and persons [will be] given proper protection.” But I don’t think Sen....
  • New York Times Columnist: ‘Time To End Tax Exemptions for Religious Institutions’

    From Mark Oppenheimer in Time: Two weeks ago, with a decision in Obergefell v. Hodges on the way, Sen. Mike Lee (R-UT) 100% of Utah introduced the First Amendment Defense Act, which ensures that religious institutions won’t lose their tax exemptions if they don’t support same-sex marriage. Liberals tend to think Sen. Lee’s fears are unwarranted, and they can even point to Justice Anthony Kennedy’s opinion in Friday’s case, which promises “that religious organizations and persons [will be] given proper protection.” But I don’t think Sen. Lee is crazy. In the 1983 Bob Jones University case, the court ruled that...
  • Schools Fear Gay Marriage Ruling Could End Tax Exemptions

    06/25/2015 12:00:27 PM PDT · by C19fan · 31 replies
    NY Times ^ | June 24, 2015 | Laurie Goodstein and Adam Liptak
    Conservative religious schools all over the country forbid same-sex relationships, from dating to couples’ living in married-student housing, and they fear they will soon be forced to make a wrenching choice. If the Supreme Court this month finds a constitutional right to same-sex marriage, the schools say they will have to abandon their policies that prohibit gay relationships or eventually risk losing their tax-exempt status. The religious schools are concerned that if they continue to ban gay relationships, the Internal Revenue Service could take away their tax-exempt status as a violation of a “fundamental national public policy” under the reasoning...
  • A New Ruinous Era Of Tax-And-Spend In California Is Upon Us

    06/24/2015 6:50:35 AM PDT · by SeekAndFind · 15 replies
    IBD ^ | 06/24/2015
    "When I ran the second time, I didn't say that — and you didn't ask me. So we'll have to leave that as an open question." When taxes are "an open question," we think we know the answer. So the state with the highest income and sales taxes in the nation is now looking at new tax revenues to pay for roads. That probably means a gas tax hike, in a state that already pays America's highest prices at the pump and ranks as a "tax hell" in most ratings by business and taxpayer groups. But hey, things can always...
  • Senators Rally Conservative Support for $2 Trillion Carbon Fee Bill

    06/19/2015 8:46:02 AM PDT · by Sir Napsalot · 45 replies
    PJ Media ^ | 6-18-2015 | Nicholas Ballasy
    Whitehouse: "I extend an open hand, or an olive limb, to conservatives everywhere."Sens. Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) have proposed a bill that would establish an economy-wide tax on carbon dioxide and other greenhouse gas emissions. “My bill sets the fee for a ton of carbon at $45 in 2016, the central range of the social cost of carbon as estimated by OMB, and would increase it each year at a real 2 percent. When emissions fall 80 percent below 2005 levels, the annual adjustment would fall to inflation,” Whitehouse said at the American Enterprise Institute when presenting...
  • House votes to repeal ObamaCare tax (280-140 - 46 RATS vote yes)

    06/18/2015 5:00:00 PM PDT · by Libloather · 15 replies
    The Hill ^ | 6/18/15 | Sarah Ferris
    The House voted Thursday to repeal an ObamaCare tax on medical devices that is intended to generate billions of dollars for the law. The final vote was 280-140, with 46 Democrats voting in favor. Supporters of the bill say the 2.3 percent tax, which affects about 7,000 manufacturers nationwide, is holding back innovation on important devices like X-ray machines and ventilators. “Only in Washington would you impose a tax on life-saving medical technology and think you will actually reduce healthcare costs," said Rep. Erik Paulsen (R-Minn.), the bill’s lead sponsor. The House first voted to repeal the tax passed in...