Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $5,664
Woo hoo!! And the first 6% is in!! Thank you all very much!!

Keyword: taxes

Brevity: Headers | « Text »
  • Top GDP Growth Rates in U.S. History

    10/07/2015 6:18:14 AM PDT · by NaturalBornConservative · 13 replies
    Natural Born Conservative ^ | October 7, 2015 | Larry Walker II
    Trump’s Dynamic Growth PoliciesBy: Larry Walker, IIIn an October 4, 2015 interview on Meet the Press, Donald Trump was asked which government programs he will cut so his tax reduction plan won’t blow a hole in the deficit.Trump’s first response described how we are going to save a lot in administrative costs by exempting millions of Americans from filing income tax returns. Under his plan, single individuals making under $25,000 and couples making less than $50,000 will not owe any income tax, and will thus not be required to file tax returns. This totally makes sense to me, as I...
  • On Taxes, Trump Is No Reagan: What About The Spending Side Of The Budget?

    10/06/2015 7:27:02 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 10/06/2015 | James Capretta
    President Ronald Reagan is invoked incessantly by conservative commentators and politicians, but never more so than when the subject is taxes. And so it was when Donald Trump released his plan for tax reform. Several conservative commentators have done Trump a favor (and the public a disservice) by vouching for the legitimacy of the plan and saying it is very much in the Reagan tradition. That gives Trump far too much credit. His tax plan bears a superficial resemblance to Reagan’s agenda, but Reagan would never have proposed something so transparently infeasible. Reagan is invoked too casually on taxes both...
  • Cutting Michigan's Income Tax Would Also Lessen Corporate Welfare Burden

    10/05/2015 6:30:18 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 9/20/2015 | Jack Spencer
    Michigan lawmakers who would like to cut the state’s personal income tax rate may have found their way eased by a largely overlooked benefit: A rate cut would reduce the amount the state owes to corporations that are benefiting from extensive tax breaks and outright cash subsidies granted by the Michigan Economic Growth Authority during former Gov. Jennifer Granholm's administration. The state’s liability to these corporations was revealed earlier this year, and shocked lawmakers preparing to adopt a budget for the coming fiscal year. Under a program repealed in 2011, corporations were granted some $9.38 billion in tax credits. The...
  • Emily Blunt reveals she became an American citizen for tax reasons after sparking [tr]

    10/05/2015 6:13:21 AM PDT · by C19fan · 24 replies
    UK Daily Mail ^ | October 5, 2015 | Anthony Joseph
    Hollywood star Emily Blunt has revealed that she took on citizenship in America to pay less tax. The British actress was sworn in at a ceremony at the United States Court House in Los Angeles in August. The 32-year-old caused a stir in the after saying that she regretted the decision and was forced to apologize following a backlash. However, she has since opened up about the reasons she went for duel nationality - and it was all about the money.
  • Free meals continue in Reedsport schools

    10/03/2015 10:48:33 AM PDT · by 2ndDivisionVet · 12 replies
    The Umpqua Post ^ | September 16, 2015 | Steve Lindsley
    REEDSPORT — The Reedsport School District again is able to provide free meals to every student for the 2015-2016 school year, a program that began last year. A controversy in the North Bend School District, with which Reedsport cooperates to get bulk pricing on food items, should not affect that program. “We're a school-wide free-lunch program,” said first-year Superintendent Brian Gander. “That's based on our local incidence of poverty. We started that last year.” Gander said the district would have 65 percent of students eligible for free and reduced lunch, if that program were still in effect. The current program...
  • CORRECTED-Chicago businesses brace for potential doubling of property taxes

    10/02/2015 11:10:51 PM PDT · by george76 · 18 replies
    Reuters ^ | Oct 2, 2015 | Dave McKinney
    Chicago Mayor Rahm Emanuel has disclosed that his record property tax hike plan entails significant cuts for nearly 300,000 homeowners, leaving Chicago businesses predicting they will face hikes of up to 50 percent. The second-term mayor last week proposed a $544 million property tax increase, the city's biggest ever, to help fix one of the worst-funded city pension systems in America ... Emanuel's office, which has said one in four dollars of the tax hike would come from the city's central business district, did not contest the 50-percent figure. But a mayoral aide insisted Emanuel's plan is his best effort...
  • Donald Trump's Silent Minority

    10/02/2015 8:19:39 PM PDT · by 2ndDivisionVet · 11 replies
    The Atlantic ^ | October 2, 2015 | David A. Graham
    He’s identified a bloc of culturally conservative voters who are to the left of the Republican Party on economics. But is it enough to win the nomination? A new Pew poll on the Republican race says several useful things about Donald Trump. For example: He’s still solidly ahead of the field in the race for the Republican nomination. The poll has Trump at 25 percent, followed by Ben Carson at 16, Marco Rubio and Carly Fiorina at 8, and Ted Cruz at 6. Jeb Bush, meanwhile, has taken a beating—sliding out of the top five, only a bit ahead of...
  • Congressman Wants To Heed Pope's Advice, Open Obamacare To The Undocumented

    10/01/2015 9:34:10 AM PDT · by 2ndDivisionVet · 16 replies
    The Huffington Post's Politics ^ | September 30, 2015 | Ruby Mellen, Fellow, The Huffington Post
    He's not expecting a vote, though. Many undocumented immigrants who pay taxes would be able to access Obamacare under a long-shot bill introduced Wednesday by Rep. Luis Gutiérrez (D-Ill.). The Affordable Care Act currently limits access to its exchanges and subsidies to those "lawfully present." That means the approximately 11.3 million undocumented immigrants in the U.S. are not eligible for Obamacare, nor can they shop on the exchanges if their employer does not provide them with coverage. Gutiérrez's bill would open the exchanges and extend the subsidies to undocumented immigrants who provide proof of state residency and tax filings. It...
  • Candidates Talk Tax Cuts But Go AWOL On Spending Cuts

    10/01/2015 6:40:22 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 10/01/2015 | Veronique de Rugy
    Cutting taxes is great, but as I said, it must be done alongside genuine spending restraint — meaning serious changes to Medicare, Medicaid, Social Security and Affordable Care Act subsidies, which are consuming an ever-growing share of the budget. Doing one without the other would just kick the can farther down the road, an exercise that politicians are very good at. The good news for the candidates is that a plan to cut spending isn't that hard — on paper, at least. Cato Institute's Dan Mitchell calculated that we could balance the budget by 2021 by capping spending growth at...
  • On Being a Quitter

    10/01/2015 5:50:17 AM PDT · by Kaslin · 47 replies ^ | October 1, 2015 | Derek Hunter
    I quit. Or, more exactly, I’m quitting. Not a job or writing, I’m quitting smoking. And does it ever suck. I haven’t had a cigarette since the day I got married, Sept. 5th. It hasn’t been easy. It’s not “pass a stone” or “give birth” hard, but I have had moments of “I’d kill everyone in this room for a drag.” Less now, and less thanks to something politicians across the country are moving to ban – a vaporizer. Vaping, as it is called, is the ingestion of water vapor infused with nicotine and some sort of flavor – tobacco,...
  • The Living Nightmare of Socialized Medicine

    09/30/2015 7:16:24 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 09/30/15 | Dr. Ileana Johnson Paugh
    There is no such thing as free care. Someone else must pay for it either through higher taxes, non-use of services, confiscatory premiums, writing-off costs, government subsidies, or denial of needed services, rationing When the government promises too much free medical care to too many people without making a significant investment in the medical infrastructure, its staff, and its professional delivery, innocent victims of a shortchanged, diluted, and inefficient service are likely to emerge. And the victims will suffer in silence physically or financially, paying for much reduced or unaffordable healthcare. Add to the poorly planned mix an enormously expensive...
  • Investor's Business Daily: Two Cheers For Trump's Pro-Growth Tax Plan

    09/29/2015 6:24:50 AM PDT · by SeekAndFind · 26 replies
    IBD ^ | 09/29/2015
    Fiscal Policy: It isn't as ambitious as a flat tax or a national sales tax, but there's a surprising amount of sensible tax policy changes recommended in Donald Trump's tax reform plan released on Monday. He's proposing the biggest reduction in tax rates since the 1986 Tax Reform Act under Ronald Reagan, and like the Gipper's reforms, this plan would cover the costs by closing loopholes. So, bravo. Trump would cut tax rates across the board. The highest income tax rate would shrink from about 40% under current law to 25%. The top capital gains tax rate would be reduced...
  • Global tax bullies --International money grubbers hope no one will notice

    09/29/2015 4:44:33 AM PDT · by expat_panama · 17 replies
    Washington Times ^ | Monday, September 28, 2015 | Richard W. Rahn
    Are you aware that there is an international effort to increase taxes, including those paid by Americans? On Oct. 5, the Organization for Economic Cooperation and Development (OECD) will release its “final package of measures for a co-ordinated international approach to reform the tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.” In plain English,..[snip] It has also been well known that as government spending on pensions and other “entitlements” grows, it has a negative effect on hours worked and economic growth. A new paper published by the European Central Bank also shows a strong negative...
  • 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...
  • 2016 GOP Power Index: Jeb jolted from top spot (Putting Sen. Ted Cruz at the top)

    09/28/2015 7:24:45 PM PDT · by 2ndDivisionVet · 72 replies
    Fox News ^ | September 28, 2015 | Chris Stirewalt
    GOP 2016 POWER INDEX: JEB JOLTED FROM TOP SPOT There’s been a seismic shakeup this week, knocking Jeb Bush from the top spot for the first time since the race began and putting Sen. Ted Cruz at the top. The latest WSJ/NBC News poll has Donald Trump and Ben Carson tied for the lead with Sen. Marco Rubio and Carly Fiorina tied for third place. But few would imagine that those rankings will be predictive. Bush and Cruz in are farther behind, but the Fox News First Power Index is about more than just the latest polls. It’s about who...
  • Mark Levin Show,M-F,6PM-9PM,EDT,WABC AM,September 28, 2015

    09/28/2015 2:54:42 PM PDT · by Biggirl · 15 replies
    Mark Levin Show ^ | September 28, 2015 | 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! You can call Mark’s show: 1-877-381-3811
  • Pennsylvania school districts feeling effects of budget impasse

    09/28/2015 1:57:02 PM PDT · by 2ndDivisionVet · 13 replies
    The Pittsburgh Post-Gazette ^ | September 24, 2015 | Karen Langley, Mary Niederberger and Eleanor Chute
    Pennsylvania schools have a new source of disparity: A state budget impasse that has driven some districts to borrow while others expect no problems for months. School districts missed more than $1 billion in payments in August and expected to miss another $700 million in September, according to estimates by the Pennsylvania Association of School Business Officials. How the state’s 500 school districts are absorbing the loss depends on their reliance on local resources and existing budget reserves. “I believe firmly 10 percent of the districts have had to go borrow,” said Jay Himes, executive director of the association. “Some...
  • Trump Plan Is Tax Cut for the Rich, Even Hedge Fund Managers

    09/28/2015 1:11:38 PM PDT · by SeekAndFind · 140 replies
    New York Times ^ | 09/28/2015 | Josh Barro
    Donald Trump’s tax plan, released Monday, does not live up to the populist language he has offered on taxes all summer. When talking about taxes in this campaign, Donald Trump has often sounded like a different kind of Republican. He says he will take on “the hedge fund guys” and their carried interest loophole. He thinks it’s “outrageous” how little tax some multimillionaires pay. But his plan calls for major tax cuts not just for the middle class but also for the richest Americans — even the dreaded hedge fund managers. And despite his campaign’s assurances that the plan is...
  • Trump Pushes Single Payer Healthcare, Tax Increase On Wealthy

    09/28/2015 11:40:17 AM PDT · by Behind Liberal Lines · 217 replies
    Copyright © 2015 Breitbart ^ | 28 Sep 2015 | John Nolte
    During his “60 Minutes” interview Sunday, Republican presidential front-runner appeared to come out in favor of a form of single payer health insurance for the uninsured ... and openly called for raising taxes on the wealthy.
  • Video: Donald Trump Unveils Tax Plan at Trump Tower

    09/28/2015 9:53:07 AM PDT · by JoeSeales · 44 replies
    Donald Trump ^ | 9-28-15 | Donald Trump
    September 28, 2015: At Trump Tower in New York City, GOP Presidential candidate and current front-runner Donald J. Trump unveiled his tax policy plan at a news conference.
  • Trump officially unveils tax plan that would lower taxes for millions

    09/28/2015 9:27:50 AM PDT · by SeekAndFind · 29 replies
    AP via Yahoo News ^ | 09/28/2015 | By JILL COLVIN
    WASHINGTON — Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxes for millions of Americans, while lowering them for the highest-income earners and business. The plan unveiled Monday would eliminate federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. But the plan would also benefit businesses and the rich. It would lower the corporate tax rate from 35 percent to 15 percent and lower the highest income tax rate from 39.6 percent to 25 percent. But Trump said the plan would also impact...
  • Donald Trump: Hey let’s tax the wealthy!

    09/28/2015 7:43:39 AM PDT · by SeekAndFind · 77 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    Donald Trump is expected to release his tax plan at some point today, but he let 60 Minutes in on a little sneak peak. There’s good news and bad news on the plan. Here’s the good news first. Donald Trump: I know. I know. I will say this, there will be a large segment of our country that will have a zero rate, a zero rate. And that’s something I haven’t told anybody.Scott Pelley: You’re talking about–Donald Trump: We’re talking about people in the low-income brackets that are supposed to be paying taxes, many of them don’t anyway.Scott Pelley:...
  • Donald Trump: America Needs ‘Fair Trade,’ Not ‘Free Trade’

    09/27/2015 8:42:57 PM PDT · by Red Steel · 103 replies
    Breitbart ^ | 27 Sep 2015 | Alex Swoyer
    “Claims that trade deals increase exports and create jobs are based on flawed trade models, and on distorted and one-sided interpretations of the findings of those models,” Scott explained. “If you’re president, you’re going to have to live with it,” Pelley said to the billionaire businessman during the interview, referencing NAFTA. Trump fired back: “Excuse me, we will either renegotiate it or we will break it. Because, you know, every agreement has an end.” Pelley said Trump can’t just break the law. “Excuse me, every agreement has an end. Every agreement has to be fair,” Trump reiterated. “Every agreement has...
  • [Vanity] Trump manhandles SeeBS and Scott Pelley [On now West Coast 7pm]

    09/27/2015 5:22:06 PM PDT · by re_nortex · 232 replies
    CBS 60 Minutes ^ | 9/27/2015 | Video at link
    Donald Trump is firing salvo after salvo tonight on 60 Minutes. He's winning the arguments in a hostile, communist environment. The unhinged far-left interviewer, Scott Pelley, may have been born in Texas but he's not a true Texan because he rejected the Conservative Christian (and Jewish) values of the Lone Star state. Since Pelley (like Dan Rather, Walter KKKronkite and Egbert R. Murrow) is a limp-wristed metrosexual who hates America, it's great to see him getting TRUMPED! Go Trump go! Attack! Attack! Attack!
  • This mayor wants to publicize who’s on welfare and where they live

    09/25/2015 3:27:57 PM PDT · by 2ndDivisionVet · 78 replies
    The Washington Post's PostNation ^ | September 24, 2015 | Elahe Izadi
    If you receive government assistance in the state of Maine, Lewiston Mayor Robert Macdonald thinks the public has a right to know about it. In a Thursday column for the Twin City Times, Macdonald said a bill will be submitted during Maine’s next legislative session “asking that a Web site be created containing the names, addresses, length of time on assistance and the benefits being collected by every individual on the dole.” He added: “After all, the public has a right to know how its money is being spent.” Proposals to target welfare recipients and reform assistance programs have become...
  • Michigan Sales Tax Will Hit Internet Shoppers on Oct. 1

    09/24/2015 12:40:19 PM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 9/22/2015 | Anne Schieber
    Starting Oct. 1, many Internet shoppers in Michigan may see an unusual item on their order summary page — Michigan sales tax. In January of 2015 Gov. Rick Snyder signed the Main Street Fairness Act, which more explicitly defines which out-of-state companies will be compelled to collect Michigan sales tax. It is not yet clear whether the change will affect purchases from the nation's top online retailer, Amazon. By most accounts, Amazon does not have a warehouse or fulfillment center in Michigan and so may be exempt from the new law. The complication will come with third-party sellers on Amazon...
  • Donald Trump to unveil his tax plan next week

    09/23/2015 7:04:47 PM PDT · by E. Pluribus Unum · 77 replies
    CNN via Click2Houston ^ | 09/23/2015 | Tom LoBianco CNN
    Trump promises his plan will be 'great' for middle income residents, businesses WASHINGTON (CNN) - Republican front-runner Donald Trump said Wednesday he will unveil his tax plan next week, which will call for middle class tax cuts and hikes for hedge fund managers. "(It) will be very long on policy and will be a great plan, with a major reduction in taxes for the middle class," Trump said at a town hall meeting in Columbia, South Carolina, at the University of South Carolina. Trump promised that his plan would be "great" for middle income residents and businesses, but not so...
  • Chicago mayor's budget includes massive property hike

    09/22/2015 2:11:03 PM PDT · by Beave Meister · 11 replies
    Fox News ^ | 9/22/2015
    CHICAGO – Mayor Rahm Emanuel pitched a massive property tax hike Tuesday as a "last resort" to correct Chicago's financial footing, suggesting the only alternative for the nation's third-largest city would include severe cuts to police and fire services, recycling programs, pothole repair and even rodent control. Emanuel, who needs approval from state lawmakers and the governor for at least part of his sweeping plan, outlined a $543 million property tax over four years, a $45 million tax to modernize schools, and other new fees for residential garbage pickup, e-cigarettes and ride-sharing services. The property tax revenue would go toward...
  • 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...
  • Boosted by nuke deal, Iran ups funding to Hezbollah, Hamas - assumption sanctions will be lifted,

    09/22/2015 6:14:17 AM PDT · by KeyLargo · 11 replies
    The Times of Israel ^ | September 21, 2015 | Avi Issacharoff
    Boosted by nuke deal, Iran ups funding to Hezbollah, Hamas Operating on assumption sanctions will be lifted, Tehran increases support to proxies, Avi Issacharoff September 21, 2015 On Sunday, the director of the International Atomic Energy Agency, Yukiya Amano, arrived in Iran for talks on the nuclear agreement, as part of what appears to be an attempt by the UN nuclear watchdog to evaluate whether Iran ran a military nuclear program in the past. Get The Times of Israel's Daily Edition by email and never miss our top stories Free Sign up! Amano is expected to meet with various Iranian...
  • What Donald Trump Doesn’t Know about Hedge Funds: The reality and myths of taxing financial firms.

    09/22/2015 6:26:26 AM PDT · by SeekAndFind · 114 replies
    National Review ^ | 09/22/2015 | Kevin Williamson
    Donald Trump has promised that he will ease burdens on the middle class by going after “the hedge-fund guys,” who, he believes, do not pay enough in taxes. “They’re making a tremendous amount of money — they have to pay taxes,” he says. Because the one thing in which Trump is consistent is his vagueness, it is not 100 percent clear whether what he is talking about is the so-called carried-interest loophole, which is very much on the minds of people with economic-policy views similar to Trump’s — meaning Bernie Sanders and Hillary Rodham Clinton and other cookie-cutter progressives —...
  • About Those ‘Hedge-Fund Guys’

    09/22/2015 5:13:16 AM PDT · by reaganaut1 · 5 replies
    National Review ^ | September 22, 2015 | Kevin Williamson
    The reality and the myths of taxing financial firms. Donald Trump has promised that he will ease burdens on the middle class by going after “the hedge-fund guys,” who, he believes, do not pay enough in taxes. “They’re making a tremendous amount of money — they have to pay taxes,” he says. Because the one thing in which Trump is consistent is his vagueness, it is not 100 percent clear whether what he is talking about is the so-called carried-interest loophole, which is very much on the minds of people with economic-policy views similar to Trump’s — meaning Bernie Sanders...
  • Inside Hickenlooper's Plan to Make Colorado Bike-Friendly ( using highway gas taxes )

    09/21/2015 5:52:31 PM PDT · by george76 · 39 replies
    5280 - Denver's Magazine ^ | September 21 2015 | Kelly Baines
    Last week, Governor John Hickenlooper announced a $100 million plan to make Colorado “the best state for biking.” ... Of the total $100 million, about 70 percent will come from CDOT
  • Chicago residents face ‘perfect storm’ of tax hikes

    09/21/2015 3:06:12 PM PDT · by jazusamo · 24 replies
    Fox News ^ | September 21, 2015 | Ruth Ravve
    Chicago already is one of the most expensive cities in the world -- No. 7, according to a report by financial firm UBS. But the cost of living soon could rise even more, if Chicago Mayor Rahm Emanuel gets his way. The Windy City mayor is pushing a $500 million property tax increase, the largest in the city's history, as a way to balance an almost $700 million deficit. On top of that, surrounding Cook County just raised the sales tax to the highest in the nation, at 10.25 percent, while considering a hodgepodge of other fees. And the state...
  • Puerto Rico's 'death spiral' can be traced back to one mistake

    08/07/2015 9:27:38 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 08/07/2015 | Linette Lopez
    Puerto Rico is $72 billion in debt, and it will take a painful process to bring the island's finances back from the brink. It's a massive debt load for such a small territory, and the problem can really be traced to one issue — bad tax policy. After Puerto Rico let one tax break for manufacturers expire almost a decade ago, manufacturers started shutting down operations on the island. That caused a spike in unemployment. On top of that, business-friendly tax policies for some of the companies that remained allowed multinational giants to pay tax rates of little more than...
  • Coca-Cola: IRS says we owe $3.3 billion in back taxes

    09/19/2015 10:50:46 PM PDT · by ForYourChildren · 59 replies
    Finance Yahoo AP ^ | September 18, 2015 | na
    Coca-Cola was notified by the IRS that it owes $3.3 billion more in federal taxes, as well as interest, for 2007 to 2009, the company said Friday. The Atlanta-based company said in a regulatory filing that it believes the assessments from the Internal Revenue Service are without merit and plans to pursue "all administrative and judicial remedies necessary to resolve the matter." The maker of Sprite, Dasani, Powerade and other drinks says the disagreement is over how much it should report as taxable income in the U.S., in relation with licensing that allows its foreign affiliates to sell products like...
  • Chicago Adds Ridiculous 9% "Cloud Tax" on Netflix and Other Streaming Services

    09/18/2015 11:04:20 PM PDT · by Vision Thing · 33 replies
    The 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...
  • When Is The Next GOP Presidential Debate?

    09/17/2015 11:22:24 AM PDT · by conservative98 · 32 replies
    IBT ^ | September 17, 2015 | Jackie Salo
    Economic issues will be the focus of the next televised GOP presidential debate, which will be held Oct. 28 at the University of Colorado in Boulder and broadcast on CNBC. CNBC's debate titled "Your Money, Your Vote: The Presidential Debate on the Economy" will address jobs, taxes, the deficit and the national economy. The network will moderate the debate. "Presidential elections are often won or lost based on core economic positions, understandings and values," said Mark Hoffman, CNBC chairman, in a statement. "Our nation's economy and place in the world, job growth, entrepreneurship and the pursuit of the American dream...
  • Colorado declares tax holiday for marijuana sales

    09/16/2015 2:24:42 PM PDT · by TroutStalker · 11 replies
    BBC ^ | 9/16/15
    Colorado has temporarily suspended taxes on marijuana after the US state brought in more tax revenue than anticipated. The tax will return to 25% on Thursday but state law requires an automatic suspension of any new taxes in the event of an accounting error. Pot retailers saw large crowds on the pot tax-free day. Colorado became the first state in the US to legalise cannabis, after voters approved the change in 2012. Tax collected on marijuana sales came to $70 million (Ł45m), more than the $40 million (Ł26m) the state predicted. Colorado also saw an increase in tax revenue from...
  • Pope warns religious orders: Take in refugees, or pay property taxes

    09/16/2015 10:17:32 AM PDT · by 2ndDivisionVet · 62 replies
    Crux ^ | September 14, 2015 | John L. Allen Jr., Associate editor
    ROME — On the eve of a trip to the United States, Pope Francis has called himself a “son of immigrants” and confirmed the point by issuing a blunt warning to any religious orders in Europe that spurn his recent call to open their doors to refugees because they want to make money off their properties instead. Go ahead, the pope said, but be ready to pay taxes just like everybody else. “Some religious orders say ‘No, now that the convent is empty we are going to make a hotel and we can have guests, and support ourselves that way,...
  • Donald Trump Unveils His BOLD Income Tax Proposal - This is a BIG DEAL!

    09/15/2015 9:59:37 PM PDT · by entropy12 · 213 replies
    Political Insider ^ | 2015-09-14 | TP Writer
    Conservative Presidential candidate Donald Trump is a smart businessman. He works hard, and does whatever he can to pay the minimal amount of taxes to President Barack Obama. Now, as Trump announced in his book “Time to Get Tough: Making America #1 Again,” we learn Donald Trump’s bold and specific plans to completely restructure America’s tax code. And after the changes are made, every American will end up paying lower taxes. Called the “1-5-10-15” income tax plan–this will likely form the basis of his presidential campaign. Tax proposals consist of the following: * Those making up to $30,000 will pay...
  • Government workers outnumber manufacturing workers in Illinois

    09/14/2015 8:06:11 AM PDT · by KeyLargo · 21 replies
    ILLINOIS REVIEW ^ | September 14, 2015 | Michael Lucci
    Monday, September 14, 2015 Government workers outnumber manufacturing workers in Illinois By Michael Lucci / Illinois Policy Institute - The top-producing states of the Midwest’s manufacturing powerhouse are Illinois, Indiana, Michigan, Ohio and Wisconsin. But Illinois is the only one of the Great Lakes states where government workers dramatically outnumber manufacturing workers, according to data from the Bureau of Labor Statistics. As of June 2015, Illinois had only 574,000 factory workers, compared with nearly 750,000 state and local government workers. That means Illinois had only 3 manufacturing workers for every 4 state and local government workers.
  • Finland To Raise Tax On High Earners To Cover Refugee Costs

    09/11/2015 5:13:28 PM PDT · by Black Agnes · 29 replies
    Breitbart ^ | 11 Sept. 2015 | Reuters
    HELSINKI (Reuters) – Finland’s government on Thursday proposed increasing capital gains tax and income tax on high earners to help pay for a 10-fold increase in refugees expected to arrive this year, its finance minister said.
  • How Europe Will Pay For The Refugee Crisis: Higher Taxes For The Rich

    09/10/2015 10:08:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 09/10/2015 | Tyler Durden
    Europe's handling of its refugee crisis has led to much criticism and left even more to be desired, but until now Europe's general population was largely on the side of the misplaced migrants who are trying to reestablish their lives away from the daily horrors of the middle east, all in the name of a Qatari gas pipeline. Just today, the Globe and Mail reported that French public opinion has swung dramatically to majority support for an intake of more migrants from war zones like Syria, a new poll showed as the country welcomed further busloads of asylum seekers...
  • [Trump, Pay Attention]: Bush's Tax Plan Goes Long Way Toward Restoring 4% Growth

    09/10/2015 7:17:34 AM PDT · by Jim 0216 · 98 replies
    Investor's Business Daily ^ | 09/09/2015 | LAWRENCE KUDLOW AND STEPHEN MOORE
    Bush's plan starts by slashing tax rates. He'd return to the top personal income tax rate of 28% that America had when Ronald Reagan left office. That top rate, by the way, was a true bipartisan reform designed in part by congressional Democrats like Bill Bradley and Dick Gephardt. The rate has since migrated up to 42%, with many Democrats longing to tax the rich well above 50%. Middle-class tax rates would fall to 10% for families with incomes up to $89,000 and to 25% for incomes up to $163,800. For singles, the thresholds are lower. But the thresholds are...
  • Lawmakers Raising Cigarette Taxes are Well-Intentioned but Misguided

    09/09/2015 3:28:49 PM PDT · by MichCapCon · 10 replies
    Mackinac Center for Public Policy ^ | 9/9/2015 | Michael LaFaive
    Legislation permitting counties to increase the excise tax on cigarettes was approved by the California Senate Thursday, Aug. 27. Another bill — introduced the day before — would hike the state excise tax by $2.00 per pack. The state legislature should prevent both bills from passing. If the local excise tax option is adopted, the law will almost assuredly lead to higher excise tax burdens in some if not most counties. (Counties would need to have to submit an increase to a public vote.) This will increase price differentials between counties (and differentials with other states and nations) and invariably...
  • Elizabeth Warren: I agree with Donald Trump on taxes

    09/08/2015 7:10:02 PM PDT · by familyop · 100 replies
    CNN Money ^ | September 8, 2015 | Tom Kludt
    Warren, the Massachusetts senator and populist champion, said Tuesday that she supports Trump's proposal to levy higher taxes on the rich...Warren's praise is likely to give more ammunition to the conservatives who insist that Trump, the current frontrunner for the GOP presidential nomination, is actually a liberal. The billionaire developer said last month that he's in favor of raising taxes on wealthy Americans, winning the approval of another progressive icon: New York Times columnist and Nobel laureate Paul Krugman.
  • Overpaid teachers tuning out illiterate students

    09/08/2015 9:12:04 AM PDT · by rktman · 65 replies ^ | 9/8/2015 | Mychal Massie
    The end of summer is upon us and with same comes the Erebusic Satanic ritual notably called return to public school. Public schools since the early 1970s have served to prepare public-school teachers for comfortable retirements and prepare the students relegated to them for lowered expectations and conformity to social Marxism. If more money were the cure to the educational malaise, public schools would be graduating entire classes of Einsteins and Socrateses. But instead, they are promoting students grade-to-grade who cannot make change unless the cash register tells them the correct amount and who are, by definition, illiterate in geography,...
  • When Donald Trump Talks Higher Taxes, Does GOP Listen?

    09/08/2015 4:21:58 AM PDT · by expat_panama · 53 replies
    Wall Street Journal ^ | Sep 7, 2015 | Dante Chinni
    Donald Trump doesn’t sound like most Republican candidates—and not just because he uses unusually pointed language. It’s also due to his policies. One prominent example: He’s talked about raising taxes on some wealthy Americans and corporations.The idea of raising taxes is anathema to most GOP politicians. Many sign a pledge promising not to increase them.How can Mr. Trump lead the Republican presidential field while calling for higher taxes? A look at poll data suggests...  [snip] Among lower-income Republicans, a small plurality actually says they would feel more favorable toward a candidate who supports raising taxes on the wealthy.That support fades at higher incomes levels....
  • When Donald Trump Talks Higher Taxes, Does GOP Listen?

    09/07/2015 11:41:15 AM PDT · by MeshugeMikey · 62 replies
    Wall Street Journal ^ | September 7, 2015 | DANTE CHINNI
    Donald Trump doesn’t sound like most Republican candidates—and not just because he uses unusually pointed language. It’s also due to his policies. One prominent example: He’s talked about raising taxes on some wealthy Americans and corporations. The idea of raising taxes is anathema to most GOP politicians. Many sign a pledge promising not to increase them. How can Mr. Trump lead the Republican presidential field while calling for higher taxes? A look at poll data suggests that a constituency exists for raising taxes on the wealthy—even within the Republican Party.