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Keyword: tax

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  • Emails show sales tax revenue going toward projects that are ‘not what most voters have in mind’

    11/05/2019 8:18:38 AM PST · by george76 · 26 replies
    The Center Square ^ | Nov 1, 2019 | Derek Draplin
    Taxpayer watchdog group: Emails show sales tax revenue going toward projects that are ‘not what most voters have in mind’..[ full title] ... A Colorado Springs tax watchdog group obtained communications between city employees that show discussion of using sales tax revenue for traffic reduction and bike lane infrastructure while other city officials have denied that’s where funds would be directed. City voters approved a road improvement ballot measure called 2C in 2015, which is up for renewal in the Nov. 5 election. 2C is a 0.62 percent sales tax increase that is supposed to be dedicated to road maintenance...
  • Impeachment Is About Putting Down the Peasants’ Revolt

    10/03/2019 12:33:44 PM PDT · by bitt · 44 replies ^ | 10/3/2019 | david catron
    Trump must be publicly drawn-and-quartered because he is the leader of the uprising. It should by now be obvious to the meanest intelligence that the Democrats are determined to impeach President Trump with or without credible evidence that he has committed any act resembling “high crimes and misdemeanors.” The “whistleblower complaint” that Nancy Pelosi used as the pretext for launching her ersatz impeachment inquiry contains little but hearsay and fabrication, while her claim that it proves Trump has “violated the Constitution” fails the laugh test. In the end, however, impeachment is less about offenses committed by the president than the...
  • Rahm Emanuel raised taxes.. pension funds.. The shortfall still ballooned by $7 billion.

    10/03/2019 7:44:16 AM PDT · by george76 · 27 replies
    Rahm Emanuel raised taxes to get city worker pension funds on a ‘path to solvency.’ The shortfall still ballooned by $7 billion. ... A record-high property tax increase. A new tax on water and sewer service. A higher 911 emergency fee on telephone lines... Emanuel’s series of tax hikes was painful, but he promised the extra money was part of a plan to get the woefully underfunded city worker pension funds on a “path to solvency.”.. in the four years since .. The pension funds are actually worse off. When Emanuel pushed through the tax hikes, the city worker retirement...
  • Jeff Bezos would pay $9 billion a year in wealth taxes under Bernie Sanders’ plan

    09/24/2019 11:18:51 PM PDT · by LibWhacker · 24 replies
    CNBC ^ | 9/24/19 | Robert Frank
    Sen. Bernie Sanders announces a wealth tax that would hit multibillionaires like Jeff Bezos especially hard. Rival presidential candidate, Sen. Elizabeth Warren, has a plan that would impose a tax of 2% of wealth over $50 million and 3% on wealth over $1 billion. Sanders’ plan starts at a lower wealth level – taxing those worth $32 million at 1% – so his tax would hit about 180,000 families while Warren’s would affect about 75,000 households. The sliding scale of the Sanders plan quickly escalates for wealth over $500 million, which would be taxed at 4%. Here are estimates...
  • Elizabeth Warren’s wealth tax could include a $1 million marriage penalty

    09/23/2019 8:38:46 AM PDT · by Enlightened1 · 30 replies
    CNBC ^ | 09/23/19 | Robert Frank
    Sen. Elizabeth Warren’s proposed wealth tax may create a new incentive for rich couples to divorce to avoid the tax, according to Harvard economist N. Gregory Mankiw. Warren’s plan would impose a 2% annual tax on wealth over $50 million and a 3% tax on wealth over $1 billion. If a wealthy couple is worth $100 million, they would pay a 2% tax on any wealth over $50 million, which in their case would amount to $1 million a year. If they divorce and split their fortune in half, they would each be worth $50 million and neither would owe...
  • Tata Motors ADRs Climb 10% on NYSE After India Cuts Corporate Tax Rate

    09/21/2019 5:51:27 AM PDT · by Republic_Venom · 14 replies
    Morningstar ^ | Sept 20, 2019 | Stephen Nakrosis
    The American depository receipts of Tata Motors Ltd. (TTM) have gained over 10% on the New York Stock Exchange on Friday, after the government of India cut its corporate tax rate and set other measures to boost growth. At 12:25 p.m. ET, Tata Motors ADRs had gained 10.24% to trade at $9.69. Volume was heavy, with over 2.2 million ADRs trading, above the 65-day average volume of some 1.6 million. Local companies in India will now pay a 22% corporate tax, a reduction of 8 percentage points, and new companies who begin manufacturing operations in the next four years will...
  • Don’t Destroy Private Sector Health Care, End the Cadillac Tax

    09/13/2019 9:19:16 AM PDT · by ChicagoConservative27 · 14 replies
    realclearpolitics ^ | 09/13/2019 | Michael D Scott
    In July, the U.S. House of Representatives overwhelmingly voted 419-6 to repeal the health care “Cadillac Tax.” As the Senate returns to work, it is now time for the bipartisan group of more than 60 Senators to repeal the Cadillac Tax and end the threat that will destroy the health care of 181 million hard-working Americans and their families. Hard-working Americans and their families have already been negatively impacted by the looming “Cadillac Tax” on the health care plans that the job creating employers of America provide to their workers. This tax was part of the Affordable Care Act and...
  • Christian Refuses to Pay Taxes Because They Fund Abortions, Now He’s Fighting IRS in Court

    08/16/2019 11:43:37 AM PDT · by Morgana · 10 replies
    LIFE NEWS ^ | AUG 15, 2019 | Micaiah Bilger
    An Oregon man is back in court this week after he refused to pay taxes because they fund the killing of unborn babies. A lawyer for Michael E. Bowman, of Columbia City, said his client has deeply-held convictions against abortion, in part, because his own unborn child was aborted many years ago, The Oregonian reports. Matthew Schindler told a federal jury that when Bowman was a teenager, his pregnant girlfriend’s parents forced her to have an abortion, and he could do nothing to stop it. Bowman, a pro-life Christian, has refused to pay income taxes or file tax returns for...
  • Lesson for today: Bush 41 chose friendship over politics in tax fight

    07/30/2019 10:41:27 AM PDT · by ChicagoConservative27 · 40 replies
    washingtonexaminer ^ | 07/26/2019 | Paul Bedard
    Long before today's acid relations between Republicans and Democrats, President Trump and "the squad," friendships mattered over daily politics. In a classic example, a letter going up for auction next week highlights that mood, now some 30 years ago. Columnist Paul Bedard on the expanded Washington Examiner magazine Watch Full Screen to Skip Ads It is from famous letter-writer President George H.W. Bush to his long-time pal, then Rep. Dan Rostenkowski, the Democratic chairman of the House Ways and Means Committee, and during a heated fight over tax cuts. A few weeks before the vote to give Bush his tax...
  • Ted Cruz Advocates Small Tax Change That Could Create 20K Jobs

    07/30/2019 9:12:38 AM PDT · by SeekAndFind · 18 replies
    PJ Media ^ | 07/30/2019 | Tyler O' Neil
    On Monday, Sen. Ted Cruz (R-Texas) and 20 other senators sent a letter to Treasury Secretary Steve Mnuchin asking him to change the way the federal government levies taxes on capital gains, indexing the tax to inflation. This change would be more just and it would unleash investment by incentivizing more Americans to buy stock in companies. In fact, this small tax adjustment is estimated to create an additional 21,800 full-time equivalent jobs.'The United States economy has experienced historic levels of growth as a result of Congress and the current Administration’s policies such as the Tax Cuts and Jobs...
  • The IRS is warning thousands of cryptocurrency holders to pay their taxes

    07/26/2019 12:29:54 PM PDT · by SeekAndFind · 22 replies
    CNBC ^ | 07/26/2019 | Kate Rooney
    If you own bitcoin or other cryptocurrencies, you might want to check your mailbox. The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary taxes and to those who improperly reported taxes on digital assets last year, the agency announced Friday. “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” IRS Commissioner Chuck Rettig said in a news release. “The IRS is expanding our efforts involving virtual currency, including...
  • Now leaving Illinois...

    07/05/2019 10:56:19 AM PDT · by Dacula · 44 replies
    Imgur ^ | 7-5-19 | Imgur
    I do not know how to post pictures.
  • Please, Raise My Taxes?

    06/28/2019 7:19:59 AM PDT · by Kaslin · 17 replies ^ | June 28, 2019 | Mona Charen
    With metronomic regularity, some well-motivated billionaire announces that he wishes the government would increase his taxes. The latest entrant is Eli Broad. Writing in The New York Times, Broad praises private philanthropy and the capitalist system "that's yielded some of the greatest gains in prosperity and innovation in human history." Still, he concludes, "I simply believe it's time for those of us with great wealth to commit to reducing income inequality, starting with the demand to be taxed at a higher rate than everyone else."Some pundits might mock Broad, pointing out that nothing is preventing him from sending bigger checks...
  • Putting the Brakes on CAFE Standards Will Drive Down Car Costs

    06/18/2019 6:18:19 AM PDT · by Kaslin · 57 replies ^ | June 18, 2019 | Ross Marchand
    Buying a new car is almost always a daunting task, with salespeople trying to sell that extra warranty or undercarriage rustproofing. And, to add insult to the process of buying a new car, federal bureaucrats regularly tack on rules that jack up prices for consumers. In fact, average prices for new cars are nearing $40,000. But, that staggering high amount may soon fall due to the Trump administration’s ambitious drive to roll back onerous rules. The Environmental Protection Agency (EPA) is in the process of freezing, or at least slowing, Corporate Average Fuel Economy (CAFE) standards for cars, unshackling vehicles...
  • Narendra Modi is what Trump would be without constitutional restraints [BARF Alert x 2]

    06/15/2019 12:06:16 AM PDT · by Jyotishi · 12 replies
    The Week ^ | June 13, 2019 | Shikha Dalmia
    Both my native country, India, and my adopted country, America, are liberal democracies that are right now in the thrall of right-wing populist demagogues -- Prime Minister Narendra Modi in India's case and President Donald Trump in America's. Few would deny that between the two, Trump is the crazier one -- a showboat with impulse control issues. Modi, by contrast, a humble tea stall owner once, is a veritable picture of discipline and restraint. Yet Modi, who got re-elected by a landslide last month, is potentially more dangerous because Indian democracy lacks strong institutional checks on his illiberal ambitions. In...
  • Colorado passes $1 billion in marijuana state revenue

    06/13/2019 3:23:52 AM PDT · by Galatians328 · 31 replies
    CNBC ^ | Wed, Jun 12 2019 3:00 PM EDT | Eric Rosenbaum
    It took the state roughly three and a half years to reach the $500 million mark in total state revenue from marijuana sales, and just under two years to double the revenue source. Cannabis sales contribute to the state's general reserve fund, as well as education and health care, including mental health services, and youth drug-prevention programs.
  • We Demand Dividends

    06/09/2019 4:43:32 AM PDT · by Kaslin · 37 replies ^ | June 9, 2019 | Gil Gutknecht
    Baby Boomers are retiring. Most are now starting to take their pensions and Social Security. The more fortunate are beginning to dip into their IRAs and 401Ks. As we reach this milestone, our views tend to harden. We are growing less tolerant. Some may call it cranky. We don’t buy a lot of the nonsense that is shoved down our throats by so many of the so called experts on television. We frequently find ourselves yelling back at them. We are even less tolerant of all the politically correct BS. As our circulation slows, we look forward to spending more time in...
  • We Demand Dividends

    06/09/2019 7:33:10 PM PDT · by vannrox · 27 replies
    Town Hall ^ | Posted: Jun 09, 2019 12:01 AM | Gil Gutknecht
    Baby Boomers are retiring. Most are now starting to take their pensions and Social Security. The more fortunate are beginning to dip into their IRAs and 401Ks. As we reach this milestone, our views tend to harden. We are growing less tolerant. Some may call it cranky. We don’t buy a lot of the nonsense that is shoved down our throats by so many of the so called experts on television. We frequently find ourselves yelling back at them. We are even less tolerant of all the politically correct BS. As our circulation slows, we look forward to spending more...
  • Mitt Romney Open To Considering “Carbon Tax” Bill

    06/06/2019 12:27:56 PM PDT · by Texas Fossil · 103 replies
    The Conservative Treehouse ^ | June 5, 2019 | sundance
    Let’s be clear about a few things regarding “carbon taxes”. First, the system of taxing carbon emissions, also known as “cap-n-trade”, has absolutely nothing to do with climate change. Second a “carbon tax” is the holy grail for the totalitarian globalist world view. The concept of a tax on carbon emissions was developed inside the same financial network of multinational monetary interests that control the current global trade system. Powerful financial interests directly connected to The World Bank (WB), International Monetary Fund (IMF) and World Trade Organization (WTO), together with global banking interests connected to Wall Street and all international...
  • Voters Soundly Reject Property Tax Hike To Fund LAUSD

    06/05/2019 7:08:55 AM PDT · by BenLurkin · 47 replies
    cbs2la ^ | 06/05/2019
    If approved, it would have imposed a levy of 16 cents per square foot of building improvements on properties within the district. On a 1,700-square-foot home, that would have amounted to another $272 of tax per year. A parcel tax is not based on the assessed value of a property, but is generally a flat fee based on square footage. It requires a two-thirds margin for approval. LAUSD desperately needed the tax to pass in order to cover the increase in costs associated with the latest teachers’ union contract. In January, LAUSD’s 34,000 teachers went on a 9-day strike, the...