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Keyword: taxes

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  • Feds Collect Record Income and Payroll Taxes Through July

    08/15/2017 8:42:22 AM PDT · by where's_the_Outrage? · 4 replies
    CNS news ^ | August 14, 2017 | Terence P. Jeffrey
    (CNSNews.com) - The federal government collected record amounts of both individual income taxes and payroll taxes through the first ten months of fiscal 2017 (Oct. 1, 2016 through the end of July), according to the Monthly Treasury Statement. Through July, the federal government collected approximately $1,312,691,000,000 in individual income taxes. At the same time, it collected $976,278,000,000 in Social Security and other payroll taxes. Prior to this year, fiscal 2015 held the record for individual income tax collections through July. That year, the Treasury collected $1,309,431,860,000 (in constant 2017 dollars) in individual income taxes in the first ten months of...
  • IRS Rehires 213 Employees Ousted for Falsifying Documents, Avoiding Taxes, Other Offenses

    08/15/2017 5:08:23 AM PDT · by george76 · 24 replies
    The Daily Signal. ^ | August 14, 2017 | Fred Lucas
    The Internal Revenue Service rehired 213 employees who ducked taxes, falsified documents, were convicted of theft, or made unauthorized use of taxpayer data, an inspector general’s report says. The Office of Treasury Inspector General for Tax Administration, which also first discovered the IRS’ targeting of conservative groups in 2013, examined the agency’s hiring from January 2015 through March 2016. For these 15 months, the IRS official in charge was Commissioner John Koskinen, an appointee of resident Barack Obama. House Republicans for months sought to impeach Koskinen for obstructing a congressional probe into the agency’s targeting of the applications for tax-exempt...
  • Letter from Pennsylvania: Taxed by the Mile, Not by the Gallon of Gas?

    08/14/2017 5:45:46 PM PDT · by Kaslin · 42 replies
    Townhall.com ^ | August 14, 2017 | Colin McNickle
    Whether it is a public policy idea whose time has come remains to be seen. But it is, in the least, worthy of serious study. But would Western Pennsylvanians embrace such a concept? We refer to word out of Eastern Pennsylvania that researchers will begin a federally funded $1.2 million study to investigate the viability of a mileage-based highway tax system to pay for highway infrastructure. What’s prompting such a study in the Keystone State, and what led to previous studies elsewhere, is two-fold. First, modern vehicles with better fuel mileage use less gasoline and diesel. Which means less money...
  • Democrats worry about political fallout from county soda pop tax

    08/11/2017 8:32:38 AM PDT · by Oldeconomybuyer · 41 replies
    Chicago Tribune ^ | August 11, 2017 | by Rick Pearson and Hal Dardick
    Concern about the political effects of a deeply unpopular county pop tax — on top of recent state and city tax increases — on Thursday hung over the first day of Cook County Democrats' endorsement session for next year's primary election. Northwest Side Ald. Nicholas Sposato, 38th, said he expects some backlash against the pop tax "down the road in the election next year." People complaining to him about the tax "are blaming the Democrats," he said, adding that the income tax increase would compound the problem. Democrats last month overrode Gov. Bruce Rauner's veto of a state income tax...
  • L.A. County hands $1.3B — Billion! — to illegals for welfare

    08/10/2017 6:49:53 PM PDT · by Beave Meister · 19 replies
    GOPUSA ^ | 8/9/2017
    llegals living in Los Angeles County were handed almost $1.3 billion in welfare payouts between the months of 2015 and 2016, Fox News reported, citing data. That’s billion with a capital “B.” That’s a quarter of what the county distributed to its entire needy population in those same months. Liberals and government elitists always like to make the case that citizens ought to support some cheap-sounding fee- or tax-paying cause by grandly pronouncing, “It’s just the cost of a cup of coffee,” or “If everyone just gave up their Starbucks lattes, it’d pay for itself.” Well, guess what $1.3 billion...
  • Irony: Lower Corporate Tax Rates Is Priority #1 for Media Companies

    08/08/2017 10:21:37 AM PDT · by PJ-Comix · 3 replies
    NewsBusters ^ | August 7, 2017 | P.J. Gladnick
    Within the next few months we can expect to see the Trump administration support a bill to lower the corporate tax rate. Of course, it is 100 percent certain that many liberal entertainers will be screaming and protesting about how unfair it would be to lower that tax rate. Every one of them should therefore be asked if they are therefore willing to quit working for the media corporations that pay them their exorbitant salaries. The reason is that Variety has reported that the media company executives, despite their political differences with President Donald Trump, are completely in support of...
  • New York mayor wants more taxes from rich for crumbling subway

    08/07/2017 10:59:02 AM PDT · by Oldeconomybuyer · 40 replies
    Reuters ^ | August 7, 2017 | by Jonathan Allen
    New York City Mayor Bill de Blasio on Monday proposed raising taxes for the wealthiest New Yorkers to increase funding for the city's deteriorating subway system. His plan, an increase in the tax rate on an individual's income above $500,000 to 4.41 percent from 3.876 percent, would also fund half-price bus and subway rides for up to 800,000 of the city's poorest residents, he said. De Blasio, a Democrat, said his plan would raise an additional $700 million in 2018 for the subway and bus system, and that the additional revenue could be used to borrow more funding even sooner....
  • Illinois has 63,000 government workers making over $100K

    08/06/2017 8:04:48 PM PDT · by george76 · 32 replies
    Illinois Policy ^ | July 27, 2017 | Joe Kaiser
    High-priced government workers cost taxpayers in Illinois $10 billion a year, with municipal managers in areas surrounding Chicago reaping the most benefits. Illinoisans are struggling under the highest property taxes in the nation, a declining population and the nation’s worst income growth, but one group is still doing pretty well – government workers. According to OpenTheBooks.com, Illinois has 63,000 public employees making more than $100,000, costing taxpayers $10 billion. These government workers range from auto pound supervisors to corrections nurses to junior college presidents and more. One of the most lucrative government fields is that of village and city managers,...
  • Calexit Group Says It’s Time for Californians to ‘Take Back Those Tax Dollars’ From the U.S.

    08/06/2017 5:11:22 AM PDT · by Libloather · 147 replies
    Newsweak via Yahoo ^ | 8/01/17 | Harriet Sinclair
    **SNIP** However, the group and other supporters of Calexit believe such financial risk would be worth it, particularly given that California’s political leanings are so at odds with the current administration and that California sends more tax dollars to the federal government than any other state. “We feel that California has been neglected and left out of the political process for many, many decades,” Gonzales told the Bee. “With current politics the way they are, clearly there’s a recognition that many in the United States have disdain for Californians. They call us ‘out of control.’ So this is a time...
  • A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County .......

    07/31/2017 5:10:57 AM PDT · by sleeper-has-awakened · 71 replies
    illinoispolicy.org ^ | 06/28/17 | Robert Brutvan
    Full Title: A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97. Beginning July 1, residents of Cook County may notice their grocery bills growing as a penny-per-ounce tax on artificially sweetened beverages takes effect.The new tax will be added on top of Chicago’s highest in the nation sales tax of 10.25 percent and the city’s 3 percent tax on non-alcoholic beverages. With the new sugary beverage tax, soda in Chicago will be...
  • The Weekly Fix: Double Standard

    07/30/2017 1:08:48 PM PDT · by Tolerance Sucks Rocks · 13 replies
    FreedomWorks ^ | July 28, 2017 | Adam Brandon
    The fix is in. Did you know, corporations like General Electric Co. (GE) spend more money on lobbyists than they pay in taxes? The federal government currently taxes corporations at 35 percent. While many argue the rate is too high, you don’t hear companies like GE complaining about it. That’s because they aren’t paying it. Over the past 15 years, GE’s federal income tax rate averaged only 5.2 percent. General Electric paid no federal taxes in 2010, despite earning $5.1 billion in U.S. profits. Instead, the company claimed a tax benefit of $3.2 billion. Meanwhile, GE executives awarded themselves more...
  • Fixing the Tax Mess

    07/30/2017 5:18:39 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 31, 2017 | Bruce Bialosky
    Paul Ryan and his fellow members of Congress are forging ahead in an attempt to rearrange the deck chairs of our tax system before we all sink under the code’s voluminous verbiage. Many House members -- particularly in the Republican Party -- have moved toward simplification. T.R, Reid has authored A Fine Mess, his take on our tax system and how it compares to other countries, which some people are using as a benchmark for how to tackle the current tax entanglement. Mr. Reid has produced a very readable analysis of taxes with very few errors considering he is a...
  • Why Should Taxes be Used to Pay for Ideological Policies?

    07/27/2017 12:11:44 PM PDT · by davikkm · 5 replies
    IWB ^ | Mark Angelides
    Everyone’s view on taxation is different. Whether you believe that taxing income is wrong or that it is a citizen’s duty to pay their fair share, the fact remains that almost no one can agree on where those tax dollars should be spent. When a Party stands for election, they give broad statements of intention and a wish list of policies that will need to be negotiated through the branches of government…but this is the wrong way to elect. In the UK in the 70s, a constituency MP was sued by a voter for not following through with his election...
  • Steve Bannon Pushing For 44 Percent Marginal Tax Rate On The Very Rich

    07/26/2017 5:10:06 PM PDT · by sunrise_sunset · 96 replies
    The Intercept/Drudge ^ | 7/26/2017 | Ryan Grim
    Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.
  • Nevada judge denies request to stop pot emergency rules

    07/25/2017 6:22:50 PM PDT · by BackRoads775 · 42 replies
    http://www.ktnv.com ^ | Posted: 1:22 PM, Jul 25, 2017 | Unknown
    <p>CARSON CITY, Nev. (AP) - A Nevada judge has denied a request from a group of alcohol distributors to stop the recently approved emergency regulations that allow the state to license some retailers to transport pot from growers to storefronts.</p>
  • Soda taxes popping up around the U.S.

    07/24/2017 8:26:56 PM PDT · by ConservativeStatement · 39 replies
    Chicago Sun-Times ^ | July 23, 2017
    While Cook County battles in court to impose a tax on sweetened beverages, so-called soda taxes are popping up across the country. Cook County would be the biggest place to impose the tax, following in the footsteps of Albany, Berkeley and Oakland in California, Philadelphia, and Boulder, Colorado. San Francisco and Seattle are set to begin taxing sweetened beverages on Jan. 1, 2018.
  • Why not fund the welfare state with a 100% inheritance tax? (The mentality of the left)

    07/24/2017 8:42:16 AM PDT · by NRx · 81 replies
    The Guardian ^ | 07-24-2017 | Abi Wilkinson
    ...The idea that we should be able to pass on our life’s accumulated wealth to descendants is deeply embedded. It appeals to the fundamental biological urge to protect your offspring and propagate your genes. Though only a small minority of estates are subject to inheritance tax in Britain as it currently stands, opinion polls consistently find that the majority of people oppose it. Instinct seems to override common sense. VAT falls disproportionately on people with low incomes, but it’s far less hated. Understandable sensitivity around issues relating to death make it difficult to discuss, but it’s time this conventional wisdom...
  • Tax-Funded Anti-Poverty Groups Pay Their CEOs Huge Salaries

    07/20/2017 2:23:05 PM PDT · by detective · 25 replies
    Top officials with 14 anti-poverty nonprofits were paid as much as $869,900 as their organizations were enriched with $900 million of taxpayer money, The Daily Caller News Foundation’s (TheDCNF) Investigative Group has found. The activist groups received as much as 85 percent of their revenue from federal, state and local governments and collectively spent millions on lobbying, TheDCNF’s analysis found. Also, half of the charities’ CEOs made political contributions – nearly all of which was to Democratic candidates.
  • Trump Bailed The GOP Congress Out In 2016 – He Can’t Do It Again In 2018

    07/20/2017 5:44:37 AM PDT · by EyesOfTX · 12 replies
    DB Daily Update ^ | 7.20.2017 | David Blackmon
    Let’s talk about congressional Republicans. A year ago today, Republicans in congress were possibly the single most-detested part of the ruling class in Washington, DC. They had, as a group, made more false and failed promises to voters over the previous seven years than almost any such collective group of politicians in American history. They were headed at that point for a thrashing at the voting booths, with “experts” and polls indicating the GOP would lose its Senate majority and could possibly lose the House as well, if Hillary Clinton defeated Donald Trump in a landslide in the presidential contest....
  • Creationists Have Sold Ark Encounter. To Themselves. For $10. To Avoid Taxes.

    07/19/2017 8:01:54 PM PDT · by Rebelbase · 78 replies
    http://www.patheos.com ^ | 7/17/17 | Hemant Mehta
    I’ve posted before about how Williamstown (Kentucky) officials are instituting a “safety fee” for ticket-taking attractions in the city. If implemented, the city would charge Ark Encounter 50 cents per ticket to go towards things like fire trucks and police cars — all the things that make the city a safer place for residents and tourists. Using the estimate of 1.4 million visitors a year, this would amount to approximately $700,000 that Ark Encounter would owe the city annually. The Creationists at Ark Encounter, however, say they should be exempt from that charge because they run a non-profit ministry. You...