Keyword: taxes

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  • Army Of Armed Bureaucrats Now Outnumber U.S. Marines: “IRS Agents Carry AR-15s”

    06/24/2016 1:54:14 PM PDT · by blam · 41 replies
    SHTF - The Daily Sheeple ^ | 6-24-2016 | Piper McGowin
    Piper McGowin June 24th, 2016 This article was written by Piper McGowan and originally published at The Daily Sheeple. Editor’s Comment: The fact that armed IRS agents, along with those of other departments and agencies, now outnumber the ranks of Marines would be absurd if it weren’t so dangerous. The founding fathers complained of the abuses under King George III, writing in the Declaration of Independence: “He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.” Despite hard-fought attempts to keep these forces at bay, it seems...
  • Highway project delays rack up $700 million cost overruns

    06/24/2016 9:54:35 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Milwaukee Journal Sentinel ^ | June 13, 2016 | Catie Edmondson
    Madison— Faced with delays and inflation over the past five years, four major state highway projects — including a Madison artery — have accumulated overruns in excess of $700 million. While some of these increases come from faulty cost estimates or unavoidable inflation, the new figures underline the obvious: Delays can be costly for Wisconsin taxpayers. When projects are paused because of financial challenges in the state's road fund, the price of materials, labor and real estate can rise. The numbers compiled by the Milwaukee Journal Sentinel underline the urgency of a divisive issue for Wisconsin's Republican leaders: finding a...
  • California's skyrocketing housing costs, taxes prompt exodus of residents

    06/23/2016 3:53:15 PM PDT · by Clintonfatigued · 58 replies
    The San Jose Mercury News ^ | June 20, 2016 | George Avalos
    During the 12 months ending June 30, the number of people leaving California for another state exceeded by 61,100 the number who moved here from elsewhere in the U.S., according to state Finance Department statistics. The so-called "net outward migration" was the largest since 2011, when 63,300 more people fled California than entered. "The main factors are housing costs in many parts of the state, including coastal regions of California such as the Bay Area," said Dan Hamilton, director of economics with the Economic Forecasting Center at California Lutheran University in Thousand Oaks. "California has seen negative outward migration to...
  • 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. Trump’s platform is nearly invincible in the general election if he stresses it enough, polling shows. Trump’s plan will also have a transformational effect on how people view his party. But he still needs to make the accounting work to ensure that his Third Way platform is feasible.
  • Obama’s Education Proposal Could Leave Taxpayers On The Hook for $43 Billion

    06/16/2016 4:37:56 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | June 16, 2016 | Derek Hunter
    In what is just the latest in a series of government overreach actions, the Obama administration, without any input from elected lawmakers or the authority of legislation, is moving to revise an old rule making it easier for students to have their student loans forgiven, leaving taxpayers on the hook to foot the bill. Naturally, the Democrats favorite constituency group, the trial lawyers, would get in on the action.On Monday, The Department of Education released a proposed amendment that vastly expands the conditions under which students can apply to have their student loans discharged if they feel that they have...
  • Average Chicago property tax bill up nearly 13 percent

    06/14/2016 2:15:58 PM PDT · by george76 · 26 replies
    Chicago Tribune ^ | 6/14/2016 | Hal Dardick
    Chicago homeowners should brace themselves for sticker shock when they open their mailbox at the end of the month: property tax bills on average 13 percent higher than last year. The big increase is mostly being driven by the record tax increase Mayor Rahm Emanuel engineered last fall to fix city pension funds for police officers and firefighters. Cook County Clerk David Orr released tax rate figures Monday, revealing the practical effects of City Hall's painful decision. The owner of a single-family home with the current average sale price of about $225,000 can expect to see a property tax bill...
  • David Allan Coe is now a convicted felon

    06/14/2016 11:24:51 AM PDT · by sparklite2 · 62 replies
    New York Post ^ | June 14, 2016
    The “Take This Job and Shove It” singer has been ordered to pay the IRS more than $980,000 after pleading guilty to tax evasion and failing to pay $466,000 in back taxes, interest and penalties, prosecutors said. Coe, 76, was also sentenced Monday in Cincinnati federal court to three years’ probation. Federal prosecutors said the singer played more than 100 concerts a year between 2008 and 2013, but asked to be paid in cash to avoid paying Uncle Sam.
  • COURT UPHOLDS NET NEUTRALITY RULES ON EQUAL INTERNET ACCESS

    06/14/2016 9:34:37 AM PDT · by PROCON · 27 replies
    AP ^ | June 14, 2016 | SAM HANANEL AND TALI ARBEL
    WASHINGTON (AP) -- In a big win for the Obama administration, a federal appeals court on Tuesday upheld the government's "net neutrality" rules that require internet providers to treat all web traffic equally.The 2-1 ruling from the U.S. Court of Appeals for the District of Columbia Circuit is a victory for consumer groups and content companies such as Netflix that want to prevent online content from being blocked or channeled into fast and slow lanes.
  • California's cap-and-trade program faces daunting hurdles to avoid collapse

    06/14/2016 6:33:39 AM PDT · by Oldeconomybuyer · 19 replies
    Los Angeles Times ^ | June 14, 2016 | by Chris Megerian and Ralph Vartabedian
    The linchpin of California's climate change agenda, a program known as cap and trade, has become mired in legal, financial and political troubles that threaten to derail the state's plans to curb greenhouse gas emissions. The program has been a symbol of the state's leadership in the fight against global warming and a key source of funding, most notably for the high-speed rail project connecting San Francisco and Los Angeles. But the legality of cap and trade is being challenged in court by a business group, and questions are growing about whether state law allows it to operate past 2020....
  • Disney CEO: U.S. taxes are 'too high' and 'ridiculously complex'

    06/10/2016 7:16:31 AM PDT · by C19fan · 31 replies
    CNN ^ | June 9, 2016 | Matt Rivers and Sophia Yan
    Disney CEO Bob Iger thinks companies -- including his -- are simply paying too much in tax to Uncle Sam. Iger told CNNMoney on Thursday that high corporate tax rates in the U.S. are "anti-competitive," and described the country's tax system as "ridiculously complex." "It doesn't mean that a company shouldn't pay taxes, but I think the structure is off ... the tax base should be lowered, and the loopholes should be closed," Iger said, without elaborating on potential reforms.
  • Seattle homeless crisis episode 10: a former share memember testifies

    06/09/2016 7:13:29 AM PDT · by mainestategop · 3 replies
    Mainestategop ^ | Mainestategop
    The following is the testimony of one David Campos, a former member of Share Wheel who witnessed first hand, discrimination, theft, fraud and other problems in SHARE My name is David Campos, I am a former member of SHARE. I was in Share from 2010 to 2012. I became homeless after I was laid off from work and my job got outsourced to China. I was able to get a part time job to help myself but it wasn't enough. I joined Share in 2010. I liked the place, it was laid back, everyone kept to themselves there were just...
  • Municipal Revenues Up Despite Arguments to the Contrary

    06/06/2016 11:29:32 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 6/6/2016 | James Hohman
    In Bridge Magazine, former state House Fiscal Agency director Mitch Bean writes: In addition to property tax cuts, changes to the sales tax base have reduced constitutional revenue sharing payments to cities, villages and townships (CVT) by $27.3 million in FY 2014 and by $181.2 million cumulatively since Proposal A in 1994. He is not the only one judging that the state’s local government revenue system is “broken.” You might think this is a terrible situation that local governments find themselves in. But Bean’s numbers don’t really tell the whole story about constitutional local government revenue sharing nor property tax...
  • Sowell: Is Personal Responsibility Obsolete?

    06/06/2016 11:09:07 AM PDT · by jazusamo · 43 replies
    Creators Syndicate ^ | June 7, 2016 | Thomas Sowell
    Among the many disturbing signs of our times are conservatives and libertarians of high intelligence and high principles who are advocating government programs that relieve people of the necessity of working to provide their own livelihoods. Generations ago, both religious people and socialists were agreed on the proposition that "he who does not work, neither shall he eat." Both would come to the aid of those unable to work. But the idea that people who simply choose not to work should be supported by money taken from those who are working was rejected across the ideological spectrum. How we got...
  • Sowell: Is Personal Responsibility Obsolete?: Part II

    06/06/2016 11:08:46 AM PDT · by jazusamo · 14 replies
    Creators Syndicate ^ | June 7, 2016 | Thomas Sowell
    Too many social problems are conceived of in terms of what "we" can do for "them." After decades of massive expansions of the welfare state, the answer seems to range from "not very much" to "making matters worse." Undaunted, people in a number of countries are coming up with new proposals that are variations on the theme of government-provided income — which amounts to relieving people from personal responsibility. Yet even some conservatives and libertarians are coming up with proposals for more "efficient" versions of the welfare state — namely direct cash grants for life to virtually all adults, instead...
  • The California Primary: Millennials' Last Fling

    06/06/2016 8:28:19 AM PDT · by Kaslin · 22 replies
    American Thinker ^ | June 6, 2016 | Jeffrey Folks
    Millennials, who first arrived in 1980, are the largest generational group in American history. As such, they tend to have a deep-seated, some would say exaggerated, sense of their own importance. Now that the last of the millennials, those born in the late 1990s, have reached voting age, the millennial generation is exerting ever greater influence on presidential politics. The campaign of Bernie Sanders, one of the most radical leftists ever to run for the presidency, is almost their exclusive preserve. Sanders's platform is well targeted to the idealism of most millennials. It offers free universal health care ("Medicare for...
  • VA Proposes To Remove Ban On Transgender Surgery For Vets

    06/05/2016 6:24:05 AM PDT · by KeyLargo · 43 replies
    The Daily Caller ^ | June 3, 2016 | Jonah Bennett
    Daily Caller News Foundation VA Proposes To Remove Ban On Transgender Surgery For Vets Jonah Bennett National Security/Foreign Policy Reporter The Department of Veterans Affairs has proposed to a rule to remove the ban on transgender sex change surgery for veterans, which has existed since the 1990s. According to the proposed regulation, gender reassignment surgery wasn’t previously considered medically necessary for gender dysphoria, a condition transgender individuals claims makes them feel as though they were born in the wrong body and assigned the wrong gender.
  • Los Angeles weighs a millionaire tax aimed at ending homelessness

    06/03/2016 8:21:07 PM PDT · by EagleUSA · 66 replies
    MSN - Money ^ | 6/3/16 | Megan Leonhardt
    The L.A. County Board of Supervisors is planning to put a proposal on the November ballot that would impose a .5% tax for those with personal incomes exceeding $1 million annually. The revenue generated from the tax—estimated to be $250 to $300 million annually—would go toward funding the county’s 47-point program to wipe out homeless in L.A. county.
  • Where is the administration getting the money to fund these Obamacare programs?

    06/01/2016 3:55:13 PM PDT · by george76 · 18 replies
    American Thinker ^ | June 1, 2016 | Rick Moran
    Congress is looking into the funding for several Obamacare programs for which no money has been directly appropriated. Earlier this month, a federal judge ruled that the administration is unlawfully paying insurers who are required to reduce costs for poorer customers on Obamacare’s exchanges. But there are other Obamacare programs that the administration is running for which Congress has refused to fund. ... Subpoenas ignored or willfully unfulfilled, stonewalling witnesses, and lies, lies, lies. Sound familiar? "The most transparent administration in history" has a game plan when dealing with Congress and they play it out to the letter. They even...
  • Money Rolling In, But Cities With Hands Out to Lansing Claim 'Broken' Finances

    06/01/2016 8:07:03 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/28/2016 | Tom Gantert
    A lobbyist organization funded by local governments held a press conference in the state Capitol this week to urge lawmakers to send its members more in state taxpayer dollars. The event took place as legislators are preparing to pass a state budget for next year, and was cast as an invitation to discuss how local government funding is “broken.” Given that message, it may seem ironic that the host city of Lansing collected more tax dollars than it expected for a third straight year and had a surplus. The group is called the Michigan Municipal League, and its members want...
  • Local Governments Cry Poor but Act Rich

    05/31/2016 9:28:07 AM PDT · by MichCapCon · 5 replies
    Capitol Confidential ^ | 5/23/2016 | James Hohman
    For over a decade, local governments in Michigan have been complaining they need more money from state taxpayers. A recent push by Wayne County Executive Warren Evans is only the most recent example. That is what they say, but how they act suggests their fiscal complaints are exaggerated. For example, providing post-retirement health care benefits to employees is an expense that should be the first to go if there is a real financial problem. Many local governments in Michigan pay for retired employees’ health insurance costs, a type of benefit that is rare in the private sector. Unlike pension promises,...
  • It's time for Wisconsin to seriously consider tolling

    05/29/2016 1:11:28 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The Milwaukee Journal-Sentinel ^ | May 16, 2016 | Patrick Jones
    America's roads and bridges got a real workout in 2015. According to the U.S. Department of Transportation, drivers last year logged more miles on our roads than in any year in U.S. history — more than 3.1 trillion miles — an increase of more than 3% over 2014. Wisconsin is part of that trend with more than 60 billion of those miles traveled. But, too often, Wisconsinites find themselves idling in traffic or on slow-going, bumpy roads. I'm sure it was not a surprise when a study commissioned by the Local Government of Wisconsin Institute concluded last spring that Wisconsin...
  • Yet another green fail imperils California half-fast ‘bullet’ train

    05/27/2016 7:53:55 AM PDT · by george76 · 20 replies
    American Thinker ^ | May 27, 2016 | Thomas Lifson
    Jerry Brown’s dream of constructing a high speed rail line connecting the Bay Area with Southern California suffered a major setback this week, but rest assured every effort is being made to spend enough money quickly enough to make pulling the plug seem unreasonable. Construction costs of the project have escalated so rapidly since the times state voters narrowly approved a bond issue that instead of constructing new tracks in the Bay Area and Los Angeles, the trains will share existing tracks with conventional freight and commuter trains, drastically increasing travel time, and making the trains half-fast at best. But...
  • Why Bernie’s Crushing Trump (He hasn't been vetted)

    05/24/2016 8:05:47 PM PDT · by 2ndDivisionVet · 15 replies
    The Daily Beast ^ | May 23, 2016 | Michael Tomasky
    If Sanders were somehow able to beat Clinton, he’d be the least vetted, most vulnerable major-party nominee in American history. So Bernie’s still at it, telling George Stephanopoulos on Sunday that he thinks it’s not impossible for him to get 70 percent of the vote in every remaining state. Impossible. If anyone’s likely to hit 70 anywhere, it’s Hillary Clinton in Puerto Rico. Maybe Sanders can do it in the Dakotas, but even that seems ludicrous, because those states have primaries, not caucuses, and he’s never won a primary by that kind of margin except in his home state. But...
  • Google's Paris offices raided by police in tax probe

    05/24/2016 10:10:10 AM PDT · by Cementjungle · 8 replies
    CNN Money ^ | 5/24/2016 | Ivana Kottasova
    French police raided Google's offices in Paris Tuesday, looking for evidence of money laundering and tax evasion. The state prosecutor said specialist anti-corruption officers and 25 tech experts took part in the search. They were trying to establish the scale of Google's business in France and to determine whether it has paid enough taxes. French officials began investigating Google last June, after the country's financial authorities accused it of dodging taxes. The prosecutor's office said Tuesday the preliminary inquiry is looking into "aggravated financial fraud" and "organized money laundering."
  • Seattle's homeless crisis episode 6 Share ally the Transit Riders union

    05/24/2016 8:22:07 AM PDT · by mainestategop
    MAINESTATEGOP ^ | mainestategop
    TRANSIT RIDERS UNION: SUBSIDIZING SLOW INEFFECTIVE TRANSPORTATION AND LAZY ANGRY BUS DRIVERS THAT DON'T GIVE A &#*^@!! In episode six and beyond, we'll take a look at SHARE WHEEL's allies. In this episode we'll discuss one of their biggest backers, the Transit Riders union. According to liberals, TRU is about low income riders joining together with bus drivers to demand cheap effective transporation that works. Transportation for poor working citizens that is cheap, routes that will take them anywhere at anytime and to demand safer transportation. It is anything but. TRU is in truth more of a union for...
  • 'Gigantic' corporate tax hike likely headed to Oregon voters

    05/23/2016 7:40:16 PM PDT · by Olog-hai · 57 replies
    Associated Press ^ | May 23, 2016 7:33 PM EDT | Kristena Hansen
    A massive $2.8 billion annual corporate tax hike is likely headed to Oregon voters in November, a move that could create the most aggressive tax climate for big business of any state in the nation. The ballot proposal comes as raising taxes on the wealthy and large corporations is at the forefront of a national debate — especially among Democratic progressives such as Bernie Sanders and much of Oregon’s electorate — about how to close the gaping economic disparities between rich and poor in a post-Great Recession era. The proposal’s labor-union backers are just one step from getting the measure...
  • Tax Havens: A Legitimate Defense against Greedy Politicos

    05/22/2016 8:10:45 AM PDT · by fella · 5 replies
    Panam Post ^ | 21 May 2016 | Luis Guillermo Vélez
    Officials, Intellectuals, Workers Hypocritically Denounce Strategies They Practice Themselves; Why can’t tax evasion be a legitimate form of self defense? In some countries and circumstances, it is. Despite what politicians want us to believe, tax havens exist because some countries have been turned into tax hellholes by officials bent on “social justice” and “income redistribution.” Sometimes, those same politicians top the list of “offshore” account holders trying to evade taxes. “The Wealth of Nations” by Adam Smith had something to say about this kind of government revenue, namely that taxes are a lesser evil overall than other forms of paying...
  • IRS powerless to stop tax scam costing billions each year

    05/20/2016 2:31:59 PM PDT · by T Ruth · 33 replies
    Fox News ^ | May 19, 2016 | Pete Kasperowicz
    The Inspector General for the IRS said Thursday that the tax collection agency continues to be at risk of paying out billions of dollars in fraudulent Earned Income Tax Credit payments each year, and that there's nothing the IRS can do about it. The Treasury Inspector General for Tax Administration released a report that said almost 25 percent of EITC payments issued last year should not have been issued. That amounts to $15.6 billion in payments under a program that's meant to boost low and moderate-income people and families.
  • Which US States Have The Highest And Lowest Gasoline Taxes

    05/19/2016 6:04:30 PM PDT · by Nachum · 49 replies
    zero hedge ^ | 5/19/16 | tyler durden
    Yesterday we showed something strange: while oil prices have rebounded from multi-year recent lows, gasoline prices have not only rebounded but have done so with a vengeance, sending retail gasoline at the pump is now back to levels last seen just over a year ago, even as WTI (and Brent) is materially lower. As we concluded, "gas prices are unchanged while oil prices are 25% lower." Something did not add up, which prompted some readers to inquire if this was purely a function of higher gasoline taxes.  We don't know the answer, and assume it is a deep secret of America's...
  • Ancient Device for Determining Taxes Discovered in Egypt

    05/19/2016 8:32:23 AM PDT · by BenLurkin · 10 replies
    American and Egyptian archaeologists have discovered a rare structure called a nilometer in the ruins of the ancient city of Thmuis in Egypt’s Delta region. Likely constructed during the third century B.C., the nilometer was used for roughly a thousand years to calculate the water level of the river during the annual flooding of the Nile. Fewer than two dozen of the devices are known to exist. Before the completion of the Aswan High Dam in 1970, the Nile flooded the surrounding plains each year in late July or August. As the waters receded in September and October, they left...
  • US 2016: Failure is a Better Option Than Success

    05/18/2016 6:51:07 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 18, 2016 | Bryan Crabtree
    Two-thirds of Americans do not have any taxable income. The most recent IRS data shows that Americans earning over $100,000 per year pay roughly 80% of all taxes in America. This means that roughly seven percent of our nation pays the overwhelming majority of everyone else's government expenses. I'm a big fan of the idea of a nationwide flat tax. But here's the problem: We already have a flat tax and an income tax. Almost every item we buy has a federal tax somehow levied on it. When you pay your cell phone bill you pay a universal access fee...
  • Report: Tesla Used Illegal Foreign Labor to Expand CA Plant

    05/17/2016 7:00:31 AM PDT · by KeyLargo · 8 replies
    Breitbart ^ | May 17, 2016 | Chriss W. Street
    Report: Tesla Used Illegal Foreign Labor to Expand CA Plant by Chriss W. Street 17 May 2016Newport Beach, CA148 First Digital’s Bay Area News Group investigative reporters have accused Tesla Motors of employing foreign contract laborers at $5-per-hour, 10 hours a day, six days a week to expand its government-subsidized California auto plant. In 2009, the U.S. Department of Energy in loaned Tesla Motors $465 million to open a plant for its all-electric Model S vehicle. Despite the $1 billion traditional automakers were paying to build and equip new auto plants, Tesla acquired the bankrupt General Motors “New United Motor...
  • Pension Costs Are Crowding Out Public Safety

    05/16/2016 1:34:14 PM PDT · by MichCapCon · 14 replies
    Michigan Capitol Confidential ^ | 5/15/2016 | James Hohman
    A report from the state House Fiscal Agency shows that there has been a steady decline in the number of police officers in Michigan, falling 15.4 percent from 1990 to 2015. The report does not go into why this is, but here’s one theory: Pension underfunding is crowding out government spending, including hiring decisions. Consider that the state police retirement system now costs between 57 percent and 63 percent of the Michigan State Police’s total payroll. It is not because the benefits are lavish. It is because the state is trying to pay for promises that it made in the...
  • IRS Chief: “Trump is a liar, we audited him because his taxes are highly suspicious” [IRS Lies]

    05/16/2016 9:03:14 AM PDT · by Roos_Girl · 157 replies
    Greenville Gazette ^ | March 2, 2016 | Juan Wilder
    “We don’t care who you are,” stated Koskinen, “Whether you go to church, or don’t go to church.” Koskinen explained audits occur when something pops up in your tax returns they find suspicious. It’s basically all about the numbers. Party or religious affiliation is not part of any IRS audit red flag, according to Koskinen.
  • Four teens charged over alleged rape on Baltic cruise ( Sweden )

    05/14/2016 2:26:50 PM PDT · by george76 · 24 replies
    Sweden - the local ^ | 12 May 2016
    Four men are facing trial this month accused of raping a woman on a student ferry trip between Stockholm and Finland, one in a series of alleged incidents on the so-called Baltic booze cruises. ... On Thursday four 19-year-old men were charged. According to the prosecutor no one else is believed to have been involved in the alleged aggravated rape. ... All Sweden-Finland ferry crossings give adult passengers the opportunity to purchase duty free alcohol, offering a huge discount for Nordic travellers used to some of the highest food and drink taxes in Europe. The incident is among several rapes...
  • Why Puerto Rico is in trouble

    05/14/2016 10:18:41 AM PDT · by ChessExpert · 55 replies
    The Economist ^ | May 11th, 2016 | A.A.K.
    The island’s troubles have their origin in an era of corporate tax incentives in the 1970s that exempted firms from paying federal taxes on profits earned in Puerto Rico. This was done to prevent tax-allergic American companies from setting up shop outside the country. Pharmaceutical, textile and electronics companies flocked to the island to spark a manufacturing boom that lasted for around two decades. In 1996, the American government, under the Clinton administration, started weaning Puerto Rico off these tax breaks to offset some of the country’s federal deficit. The largesse disappeared entirely in 2006 and its economy has suffered...
  • Mark Levin Show,Ray Charles Fridays,M-F,6PM-9PM,EDT,WABC AM,May 13,2016

    05/13/2016 1:49:04 PM PDT · by Biggirl · 18 replies
    Mark Levin Show ^ | May 13,2016 | Mark Levin
    The Legacy Lives On! Mark’s Lost Dog & Cat Rescue Foundation “Conservatism is the antidote to tyranny precisely because its principles are the founding principles.” --Mark Levin in Liberty and Tyranny Welcome to “The Levin Lounge”… Step in and have a virtual FRink.Taking the country by storm, one radio station at a time – and kicking the BUTTS of the competition! Welcome all, to the most FUN LIVE THREAD on FreeRepublic.com! You can call Mark’s show: 1-877-381-3811
  • Job Churn Shows Why Targeted Tax Favors Do Not Work

    05/13/2016 6:42:55 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/10/2016 | James Hohman
    There is an underappreciated level of both job creation and job loss constantly happening in Michigan. This can be seen in the most recent “job churn” figures covering July through September of 2015. During that quarter 195,118 jobs were created in Michigan, and 204,087 jobs disappeared according to the Bureau of Labor Statistics. That is out of around 3.6 million Michigan jobs included in this particular federal database. Thus, about one out of every 18 Michigan jobs was newly created during this three month span, and another one out of 18 jobs disappeared. This remarkable “job churn” demonstrates why politicians’...
  • Rank-and-file Illinois lawmakers talking income tax hike, but sizable obstacles in way

    05/13/2016 6:41:19 AM PDT · by sleeper-has-awakened · 9 replies
    Chicago Tribune ^ | 05-13-16 | Monique Garcia
    With state government drowning in red ink and some social service agencies on the verge of collapse, a group of rank-and-file lawmakers is pitching an income tax increase, spending cuts and borrowing as a jumping-off point to a larger budget deal...... ......Under the proposal, the state would bring in roughly $5.4 billion through a combination of tax increases. That includes raising the personal income tax rate from 3.75 percent to as much as 4.85 percent, expanding the sales tax to certain services and eliminating some corporate tax breaks.
  • Herb McMillan: Democrats try to handcuff Hogan

    05/09/2016 12:33:05 PM PDT · by Tolerance Sucks Rocks · 8 replies
    The Capital Gazette (Annapolis) ^ | May 9, 2016 | Herb McMillan
    Ancient Rome declined because it had a Senate; now what's going to happen to us, with both a Senate and a House?" — Will Rogers Most Marylanders are wondering the same thing. This year, the liberal majority in the Senate and House launched a fiscal attack on Gov. Larry Hogan's efforts to balance the budget, reduce the deficit and cut taxes. Their goal: to handcuff Hogan and prevent him from doing the job we elected him to do. Fencing and mandated spending are the manacles Senate President Mike Miller and House Speaker Mike Busch are using. Here's how they work....
  • 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.
  • Trump Says Taxes for the Wealthy Should Go Up

    05/08/2016 7:10:24 AM PDT · by Nachum · 119 replies
    Newsmax ^ | 5/8/16 | Thompson/Reuters
    Donald Trump said on Sunday that taxes for the wealthy should go up but that his tax plans would likely be renegotiated with Congress should he win the U.S. presidency. "For the wealthy I think frankly it is going to go up and, you know what, it really should go up," the presumptive Republican presidential nominee told NBC's "Meet the Press." Trump said that he see his current tax plans, which would reduce taxes for the middle class and businesses and increase those for the wealthy, as a negotiating "floor" that may change in dealings with Congress. Latest News Update...
  • Cupertino's mayor is trying to take back his rant against Apple

    05/06/2016 11:18:33 PM PDT · by Swordmaker · 11 replies
    Business Insider ^ | May 6, 2016 | By Kif Lessing
    On Thursday, The Guardian published a report by Nellie Bowles in which Cupertino mayor Barry Chang went on a little bit of a rant against Apple, Cupertino's largest employer. Chang had some harsh words about the company spending $5 billion to build an office in his city, including, for example, that "Apple is not willing to pay a dime" and that "they abuse" the city of Cupertino.Apple says that it pays tens of millions of dollars annually in property tax to Cupertino, and that it is the biggest taxpayer in Cupertino. Apple also says it funds millions in public improvements, such as adding sidewalks, bike...
  • Cupertino's mayor: Apple 'abuses us' by not paying taxes

    05/05/2016 7:28:25 AM PDT · by SES1066 · 44 replies
    The Guardian ^ | 05/05/16 | Nellie Bowles
    Getting local politicians to battle Apple is hard, Chang said. He recently proposed that Apple – which is building a massive new campus its own employees nicknamed the Death Star, or more favorably, The Spaceship – should give $100m to improve city infrastructure.
  • Actually, Hillary Clinton Is A Fiscal Conservative -- Look It Up

    05/03/2016 6:44:35 AM PDT · by Cyberman · 35 replies
    The Washington Post ^ | 05/03/2016 | Catherine Rampell
    Suppose you're a hardcore fiscal conservative. You don't give a hoot about social issues, and you don't follow any of this nonsense about identity politics or insiders and outsiders. All you care about is getting the nation's fiscal house in order. Are you sitting down? I hope you’re sitting down. Because the candidate you should vote for might surprise you. According to a new report from the nonpartisan Committee for a Responsible Federal Budget, the most fiscally conservative presidential contender left standing is . . . Hillary Clinton. Seriously....
  • Taxpayer-funded financial aid for immigrant college tuition heads to IL House

    05/03/2016 5:26:22 AM PDT · by KeyLargo · 13 replies
    Illinois Review ^ | May 2, 2016
    Monday, May 02, 2016 Taxpayer-funded financial aid for immigrant college tuition heads to IL House SPRINGFIELD - Two Republican state senators - Christine Radogno and Chris Nybo - crossed the aisle last week to support the Democrats' effort to provide taxpayer-funded financial assistance for undocumented immigrant students. The measure would add Illinois to the five states that grant immigrant students financial aid for college education regardless of their legal status. Already, Illinois is one of 18 states that allows any status immigrants to qualify for lower in-state tuition and set up private college funds. SB 2196 easily passed the Illinois...
  • Why Hillary’s And Bernie’s Tax Hikes On The Rich Are Doomed To Fail

    05/03/2016 4:00:13 AM PDT · by expat_panama · 30 replies
    Investors Business Daily ^ | 5/02/2016 | TERRY JONES
    Democratic presidential candidates Bernie Sanders and Hillary Clinton often assert that the only way to correct wealth inequality in America is to tax the rich at even higher rates. A new study suggests this is false. As part of what she called the “growth and fairness economy,” Hillary Clinton has proposed surtaxes on the wealthy and higher taxes on all capital gains to “shuffle the deck,” as she put it. In the past, she has hammered the rich for being, well, rich. “Economists have documented how the share of income and wealth... ...both Clinton and Sanders would raise rates on...
  • Mail carrier admits stealing $443,000 in tax refund checks

    04/30/2016 2:20:36 PM PDT · by lowbridge · 49 replies
    Cbs ^ | April 29, 2016
    Champagne delivered mail in Pennsauken. Prosecutors say he admitted stealing 72 U.S. Department of the Treasury checks totaling $443,000 and giving them to other people, who weren't named in court documents. Fishman says those people paid Champagne $50 per stolen check in 2014. Each charge carries a maximum penalty of 15 years in prison. Sentencing is Aug. 3.
  • One Top Taxpayer Moved, and New Jersey Shuddered

    04/30/2016 10:36:42 AM PDT · by reaganaut1 · 39 replies
    New York Times ^ | April 30, 2016 | ROBERT FRANK
    Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax revenue — becomes concentrated in the hands of a few. Last month, during a routine review of New Jersey’s finances, one could sense the alarm. The state’s wealthiest resident had reportedly “shifted his personal and business domicile to another state,” Frank W. Haines III, New Jersey’s legislative budget and finance officer, told a State Senate committee. If the news were true, New...
  • Why Over Half of Prince's Estate Will Go To The Government

    04/29/2016 11:51:58 AM PDT · by OddLane · 43 replies
    The Daily Signal ^ | April 29, 2016 | Rachel Greszler
    It appears that the pop star Prince may have died without a will, leaving behind a multi-million dollar and growing estate. Although Prince has one full sister and five half-siblings, Prince’s family members will not be his biggest heirs. Both the federal government and Minnesota’s state government will assess so-called “death taxes” or estate taxes on Prince’s assets, taking away more than half his estate. Between his physical assets— cash, investments, home, etc.—and his future royalties, Prince’s estate has been estimated to be between $300 and $500 million. If Prince were married, he could have passed on the entirety of...