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Keyword: taxes

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  • Death, Taxes, and Anti-Semitism

    04/19/2014 11:56:13 PM PDT · by Nachum · 2 replies
    American Thinker ^ | 4/20/14 | Clarice Feldman
    Ben Franklin opined that there was nothing certain but death and taxes. I’d add a third to the list of certainties, anti-Semitism, and this week reminds us of that. As Americans struggled with preposterously complex federal income tax regulations and ever-higher tax burdens, the Washington Examiner’s Timothy P. Carney tweeted “That’s the price we pay for 7 of the 10 richest counties being within commuting distance of DC.” Right he is. As the rest of the country struggles to keep on producing -- cattle, grain, merchandise, services -- hamstrung by ever more regulations and executive and judicial branch overreaching, DC...
  • Expert Commentary: The Unfolding Fiscal Disaster Behind ACA Enrollment Figures

    04/19/2014 10:38:47 PM PDT · by 2ndDivisionVet · 25 replies
    The Mercatus Center at George Mason University ^ | April 17, 2014 | Charles Blahous
    Earlier this month there was tremendous press attention to new data indicating that enrollment in the Affordable Care Act (ACA)’s health insurance exchanges had surpassed 7 million. The White House took a victory lap while much of the press, desperate to write something positive after months of reporting on website glitches and insurance plan cancellations, characterized the milestone as good political news for ACA supporters. Our national discussion, however, is missing the truly significant story here; what is unfolding before our eyes is a colossal fiscal disaster, poised to haunt legislators and taxpayers for decades to come. It is quite...
  • The Nuclear Option: Wilson and Obama--100 Years Apart but so Alike

    04/19/2014 8:22:59 PM PDT · by 2ndDivisionVet · 4 replies
    Breitbart's Big Government ^ | April 19, 2014 | Charles Hurt
    When Woodrow Wilson signed into law the Revenue Act of 1913, it probably sounded like a good idea. Most people would pay less in taxes and the prices of everyday goods would drop, he promised. And the rich would — finally! — start paying their fair share. In those days, tax collection was a highly diffuse business with various states and localities collecting taxes at various rates. The federal government mostly skidded by on exorbitant and uneven tariffs, and on booze and tobacco taxes. This was always tough and disorganized business for the federal government. Those hardships became especially acute...
  • Scalia To Student: If Taxes Go Too High ‘Perhaps You Should Revolt’

    04/19/2014 12:17:52 PM PDT · by 2ndDivisionVet · 65 replies
    WNEW-FM ^ | April 18, 2014
    Knoxville, Tenn. (CBS DC) – Supreme Court Justice Antonin Scalia told a crowd of law school students that if taxes in the U.S. become too high then people “should revolt.” Speaking at the University of Tennessee College of Law on Tuesday, the longest-serving justice currently on the bench was asked by a student about the constitutionality of the income tax, the Knoxville News Sentinel reports. Scalia responded that the government has the right to implement the tax, “but if it reaches a certain point, perhaps you should revolt.”(continued)
  • 62 Percent of Americans Say They Favor a Flat Tax

    04/19/2014 11:09:17 AM PDT · by SeekAndFind · 48 replies
    REASON ^ | 04/19/2014 | Emily Ekins
    The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the aveage response was 15 percent.This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is "not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes," while 29 percent...
  • Minnesota's wealthy caught in a tight tax net over residency

    04/19/2014 9:19:32 AM PDT · by TurboZamboni · 44 replies
    MPLS Star & Sickle ^ | 4-16-14 | ADAM BELZ
    It’s getting tougher for Minnesotans to avoid the state’s taxes by spending part of the year somewhere else. Snowbirds and high earners are discovering that they must do more than buy a condo in the Sun Belt and register a vehicle there, after a court decision last year reinforced the state’s ability to use any of more than two dozen criteria to determine who is a Minnesota resident. “People refer to it as Hotel Minnesota,” said Matt Shea, a lawyer at Gray Plant Mooty. “You can come any time you like, but you can never leave.” To determine tax residency,...
  • The Next Shoe Just Dropped: Court Denies Attorney-Client Privelege

    04/19/2014 8:19:35 AM PDT · by cutty · 34 replies
    ZeroHedge ^ | 04/19/2014 | Tyler Durden
    In the Land of the Free, people grow up hearing a lot of things about their freedom. You're told that you live in the freest country on the planet... ... This justice system is supposedly founded on bedrock principles-- things like a defendant being presumed innocent until proven guilty. The right to due process and an impartial hearing. The right to counsel and attorney-client privilege. ... 2. The concept of 'innocent until proven guilty' may officially exist in courts, but administratively it was thrown out long ago. These days there are hundreds of local, state, and federal agencies that can...
  • I will soon be ripped by the IRS and I need serious tax advice.

    04/18/2014 6:39:07 PM PDT · by elahtap · 129 replies
    Self | 04/18/2014 | Self
    Hi Fellow Freepers, I am conservative to the core, and have been a long time lurker (8 years +) here, but I was finally spurred to set up an account. I wanted to get some advice. The potential stakes are high and I wanted to post this here because, as a group, you are the smartest people I know. I know my FRiends here will tell me what I need to know I am a 58 y/o professional with a good job, and my wife had been a stay-at-home mom since our children were born. In mid 2010 we purchased...
  • The Once and Future Peasants

    04/18/2014 11:54:05 AM PDT · by 2ndDivisionVet · 12 replies
    American Thinker ^ | April 18, 2014 | Michael L. Grable
    Here's why you should worry about living in a country where increasing numbers of people can live without working. Filing our tax returns last week, I deplored government having confiscated 29.7% (effective rate) of my and my wife's joint 2013 income (Federal, 21.7%; state and local, 8%). That seemed scarcely worse than medieval lords confiscating one-third of peasants' crops. Speaking of lords, both the President of the United States and the Mayor of New York (et uxores) paid 2013 income taxes at lower effective rates than mine and my wife's (20.4% for the President and a measly 8.3% for the...
  • Obama's Plan: Taxes, Spending And Debt

    04/18/2014 6:17:27 AM PDT · by SeekAndFind · 3 replies
    IBD ^ | 04/18/2014
    Remember President Obama's vow that, if re-elected, he'd pursue "balanced" deficit reduction? Either he forgot, or he hopes voters have, because a new report shows his latest budget is entirely unbalanced. When Obama released his budget this March, he said it included "smart spending cuts" and closed "tax loopholes" that benefit only "the wealthiest Americans." Obama added that his budget would put "our debt on a downward path as a share of our total economy, which independent experts have set as a critical target for fiscal responsibility." As with just about everything Obama says, none of these claims turns out...
  • Want to retire with an extra half a million your savings? Consider moving to another state.

    04/17/2014 12:47:05 PM PDT · by Hojczyk · 13 replies
    http://www.youtube.com/watch?v=UHuXTEYqcX0 http://www.savetaxesbymoving.com A calculator
  • CBO ON OBAMA BUDGET: HIGHER DEFICITS THAN CLAIMED

    04/17/2014 2:11:18 PM PDT · by Jim Robinson · 13 replies
    Breitbart ^ | April 17, 2014 | AP
    WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White House estimates. The main reason is that the White House has a rosier estimate of the economy's performance over the decade than CBO. That means the administration predicts higher tax revenues. The president's budget is just a proposal; it has gained little...
  • Welfare State Squeezing Private Sector Workers

    04/17/2014 10:28:16 AM PDT · by rightwingerpatriot · 20 replies
    Rightwingpatriot.com ^ | April 17, 2014 | Rightwingerpatriot
    In the last presidential election, Mitt Romney was savaged by the media and the cultural elites for pointing out that 47 percent of voters will vote for Obama as they're getting subsidies from the federal, state, or local governments. Romney was vilified as an evil, out-of-teach aristocrat that despised the less fortunate. The truth is the exact opposite as we know that Romney gives generously to the charity, unlike Obama and his progressive liberal allies, and that he created companies that actually hired people and paid them wages, again unlike most liberals. The 47 percent number was mocked as not...
  • Seven Reasons to Ignore Liberal Media Fearmongering, Keep Feds' Hands Off Preparing Your Tax Return

    04/17/2014 6:16:32 AM PDT · by celmak · 8 replies
    News Busters ^ | 04/16/2014 | Ryan Ellis
    There has been the usual tax day-related glut of articles from liberal publications urging a federal takeover of the tax preparation business. As always, the ultra-left wing blog Pro Publica took the lead, followed predictably by outlets such as Slate, Vox, and Tax Analysts, as well as respectable news outlets like Bloomberg View and Yahoo!. The basic argument is always the same: the IRS has all this information on you anyway, so wouldn't it just be easier and better if they simply prepared your taxes for you? Wouldn't that be better than having to pay some rent-seeking middleman? This flawed...
  • Kensington chocolate factory shut down by City (of Philadelphia; tax dispute)

    04/16/2014 8:34:11 PM PDT · by Olog-hai · 17 replies
    WPVI, ABC 6, Philadelphia ^ | April 16, 2014 09:08 PM
    A popular place to buy Easter candy was shut down by the city of Philadelphia on Wednesday. The shelves of Blasius Chocolate Factory on the 1800 block of East Venango Street in Kensington are stocked. However on Wednesday, no one was able to buy anything after the City of Philadelphia moved in with police to shut down the well-known business. “These last four days make or break me. I don’t think I will be able to survive this year,” said Philip Kerwick, owner. Kerwick admits he’s racked up a $12,000 delinquent tax bill. […] Kerwick says he’s tried to negotiate...
  • New York no longer worst state to do business

    04/16/2014 11:44:32 AM PDT · by george76 · 16 replies
    Crain Communications ^ | April 15, 2014 | Jeremy Smerd
    That honor now goes to New Jersey. Tax reforms passed in the latest budget represent big improvements for corporations, but not so much for individuals. ... Still, New York remains a burdensome place to earn a living. The reforms did not change the state's poor rankings for having high sales taxes (No. 38), individual income taxes (No. 49) and unemployment taxes (No. 45). Meanwhile, the governor announced Tuesday that the state tax department collected nearly $4 billion in evaded taxes in the past year, a 5% or $200 million increase compared to the year earlier.The state collects about $87 billion...
  • De Blasio Releases Tax Returns; Paid Effective 8.3% Rate

    04/16/2014 9:41:24 AM PDT · by Hoodat · 15 replies
    Zero Hedge ^ | 04/16/2014 09:46 -0400 | Tyler Durden
    Mayor Bill de Blasio is the first New York City mayor to release his tax returns in 12 years, according to the WSJ. de Blasio earned $165,000 as public advocate last year and brought in an additional $52,000 in rent on a second home he owns in Park Slope, according to his 2013 tax returns. Mr. de Blasio’s effective tax rate was 8.3%. As WSJ reports, Mr. de Blasio’s predecessor, Michael Bloomberg, a billionaire who served as mayor from 2002 through 2013, released highly redacted copies of his return that gave scant information about his net worth. In 2001, during...
  • 86M Full-Time Private-Sector Workers Sustain 148M Benefit Takers

    04/16/2014 8:55:39 AM PDT · by F15Eagle · 42 replies
    CNSNews.Com via Drudge ^ | April 16, 2014 - 5:04 AM | By Terence P. Jeffrey
    Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000. That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week after week after week. These are the people who built America, and these are the people who can sustain it as a free country. The liberal media has not made them famous like the polar bear, but they are truly a threatened species. It is...
  • Tax Refund Seizure

    04/16/2014 6:57:31 AM PDT · by Kaslin · 44 replies
    Townhall.com ^ | April 15, 2014 | Hank Adler
    As has been widely reported, a single sentence in the 2008 Farm Bill, Public Law 110-246, is said to be responsible for the Internal Revenue Service seizing refunds from the children of taxpayers who the Social Security Administration says were inadvertently overpaid in the 1960s and 1970s. Are they kidding? The story is ugly in so many ways. Of course, no one is claiming credit for the change in the law that the Internal Revenue Service and the Social Security Administration is relying upon to seize taxpayer refunds. But, of course, there is the actual language in the bill for...
  • A Truly Absurd Tax Code Illustrates the Need for Rational Reform

    04/16/2014 6:52:44 AM PDT · by SeekAndFind · 7 replies
    RCM ^ | 04/16/2014 | Alex Brill
    Tax season is over for all but the greatest procrastinators among us. Two-thirds of taxpayers are celebrating their forthcoming refunds while tens of millions of others have grudgingly written a check to the IRS. Either way, this is the time of year when Americans are most acutely aware of the federal income tax system and all its flaws. Our tax code is extraordinarily difficult to navigate and it sometimes seems that it's more concerned with advancing social and industrial policy goals than raising the money needed to fund government. The plethora of preferential deductions and credits that narrow the tax...
  • How much will ObamaCare cost you in taxes?

    04/15/2014 6:04:43 PM PDT · by Jim Robinson · 27 replies
    FOX News ^ | April 15, 2014 | By Doug McKelway
    On this April 15, filers and accountants alike are finding a new array of taxes resulting from the president’s health care legislation. These include at least 20 ObamaCare-related tax increases totaling $409 billion over the next ten years, according to the Joint Committee on Taxation. The new taxes are especially irksome to ObamaCare opponents, because they are imposed by a law that passed on a straight party-line vote and are being enforced by an agency that some accuse of party favoritism. "I think it's rather unfortunate that the IRS has this huge role in the Affordable Care Act because it's...
  • New 2014 Rich States, Poor States Rankings Show States Are Making Large Reforms

    04/15/2014 1:16:30 PM PDT · by ThethoughtsofGreg · 11 replies
    American Legislator ^ | 4-15-14 | Ben Wilterdink
    Since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index has used the latest economic data to determine which states are doing well and which states are struggling. The past 50 years of data point to a clear connection between pro-growth policies of lower taxes, less regulations and competitive labor policies. The states that embrace free markets and limited government fare much better than their high-tax, big government counterparts. Utah, South Dakota, Indiana, North Dakota and Idaho—this year’s top five states—showcase how good economic policy can lead to economic prosperity, while New York, Vermont, Illinois, California and Minnesota—the bottom...
  • Republican National Committee Marks Tax Day by Suing IRS

    04/15/2014 11:51:00 AM PDT · by SeekAndFind · 9 replies
    Pajamas Media ^ | 04/15/2014 | Bridget Johnson
    The Republican National Committee marked Tax Day by suing the Internal Revenue Service.The lawsuit charges that the IRS is withholding records sought by the RNC’s May 2013 Freedom of Information Act (FOIA) request, in which the committee sought to review documents and correspondence related to criteria used for reviewing and approving 501(c)(4) tax-exempt organizations.The FOIA request seeks all documents dated between Jan. 1, 2010, and May 20, 2013, containing the words “tea party,” “patriot,” and/or “9/12 project,” referring to the group created by Glenn Beck, along with any documents pertaining to increased scrutiny of 501(c)(4)s, especially using “be on...
  • Don't think you can fool the IRS (Even if they are cash strapped and audit rates are down)

    04/15/2014 11:46:41 AM PDT · by SeekAndFind · 14 replies
    Politico ^ | 04/15/2014 | Kelsey Snell
    The IRS is cash-strapped and audit rates are down, but that doesn’t mean the average Jane or Joe can hide the ball from the tax man. The tax-collecting agency devotes more resources to chasing big fish like convicted tax cheat Wesley Snipes than the average middle-class taxpayer, that’s true. But the IRS is now using sophisticated software and data analysis that puts it in touch with taxpayers before the official audit process begins. “Now with automation and the electronic submission of W-2s and 1099s, the IRS just matches the information,” said David Kautter, managing director of the Kogod Tax Center...
  • It's Time for the Poor to Pull Their Own Weight

    04/15/2014 9:10:26 AM PDT · by Kaslin · 34 replies
    Townhall.com ^ | April 15, 2014 | Armstrong Williams
    All too often, rich individuals in this country are demonized for simply being rich. If some sort of financial catastrophe happens, such as the latest recession in 2009, the rich are to blame. If the government is running large deficits, the rich are not paying their “fair share”. If an individual is poor and cannot find employment, it is because the rich hoard all their profits and don’t share with anyone else. It’s time to set the record straight by looking at the facts. The top 1% of all individual income earners in this country pay nearly37% of all federal...
  • Just 39% Think Federal Income Tax System Is Fair

    04/15/2014 7:28:17 AM PDT · by IBD editorial writer · 48 replies
    Investor's Business Daily ^ | 04/14/2014 | John Merline
    As millions of Americans rush to file their federal income tax returns on Tuesday, few will be thinking that the current tax code is the fairest one of all, according to the latest IBD/TIPP survey. Just 39% of Americans say today's income tax code — which features multiple tax brackets along with myriad deductions and exemptions — is the fairest. As to what sort of tax system would be more fair, the public hasn't made up its mind. Thirty-six percent say a flat tax is the fairest way to collect income taxes, while 19% would prefer a national sales tax....
  • Obama has Proposed 442 Tax Hikes Since Taking Office

    04/15/2014 5:37:39 AM PDT · by Biggirl · 7 replies
    Atr.com ^ | April 15, 2014 | Max Velthoven,John Kartch,Ryan Ellis
    Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015.
  • American Companies Think The Unthinkable — Leaving The U.S.

    04/15/2014 5:23:36 AM PDT · by SeekAndFind · 22 replies
    IBD ^ | 04/15/2014
    Walgreen, America's venerable drug-store chain, is thinking the unthinkable: relocating to Europe. Not because it sees growth and opportunity there, but because of onerous taxes here in the U.S. It's an ominous trend. The Financial Times of London calls it "one of the largest tax inversions ever." That is, a company seeking to avoid punitive taxes in one market by moving to another. No doubt the FT is right. And after its recent $16 billion takeover of Swiss-based Alliance Boots, it would be easy for Walgreen to remake itself as a Swiss company. If it did, the Democratic Party's liberals...
  • Abusive civil asset-forfeiture laws: IRS seizure of property without due process should cease

    04/15/2014 5:19:51 AM PDT · by SeekAndFind · 8 replies
    Washington Times ^ | 04/14/2014 | Richard Rahn
    Do you think the Internal Revenue Service and other government agencies should have the right to seize your assets, including your bank accounts, when you have not been convicted of wrongdoing? The fact is, the IRS and other government agencies do this all of the time, and often without even a formal accusation of wrongdoing. Anyone who is awake knows that the IRS has been politicized — and thus critics of the administration live in fear that their property will be taken for the mere act of speaking out against the government. The American Founding Fathers well understood that if...
  • Walgreen pressured to move headquarters to Europe

    04/14/2014 7:22:09 PM PDT · by Olog-hai · 8 replies
    Chicago Tribune ^ | 4:20 p.m. CDT, April 14, 2014 | Peter Frost
    Walgreen Co. is under pressure from a group of shareholders to move its corporate headquarters to Europe to take advantage of tax benefits, the Financial Times reported. Shareholders owning about 5 percent of the company’s shares lobbied Deerfield-based Walgreen’s management to use its 45 percent ownership stake in Swiss-based Alliance Boots GmbH to change its legal base to Europe, the financial daily said. Walgreen, the nation’s largest drugstore chain, plans to complete the takeover of Alliance Boots, which runs Europe’s largest pharmacy chain, in 2015. …
  • IRS chief set to redraft proposed rule for tax-exempt groups after backlash (Trust them?)

    04/14/2014 7:06:09 PM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 04/14/2014 | Mary Katherine Ham
    First, an entirely and uncharacteristically reasonable reaction from the IRS on its proposed new rules governing 501(c)s, a classification of tax exempt groups that was the area of improper targeting of Tea Party activists. When Democrats realized the best way to deal with personnel abusing tax law was to create more tax law for them to abuse, the IRS went to work on more specific ways to crack down on social welfare groups. Their proposed rule caused backlash from both conservatives and liberal activists: The Internal Revenue Service is prepared to rewrite a proposed rule regulating the political activities of...
  • Shakedown: Treasury now seizing tax refunds from adult children to pay parents’ decades-old SS debts

    04/13/2014 6:16:18 PM PDT · by 2ndDivisionVet · 34 replies
    Hot Air ^ | April 11, 2014 | Allahpundit
    When I say “debts,” I don’t mean loans that the parents willingly sought from SSA. It would be bad enough to hold a kid responsible for that (since when are children responsible for their parents’ obligations?), but at least it would have been voluntarily incurred by mom/dad. The “debts” here are overpayments of Social Security benefits, the product of SSA’s own errors. The parents who received them might not have even realized they were getting money they weren’t supposed to have. And now, somehow, it’s junior’s problem. But wait. It gets worse. When [Mary] Grice was 4, back in 1960,...
  • RECORD-HIGH 60% OF CALIFORNIANS SAY THEY PAY TOO MUCH TAX

    04/13/2014 1:28:04 PM PDT · by Beave Meister · 22 replies
    Breitbart ^ | 4/13/2014 | JOEL B. POLLAK
    Ahead of the April 15 tax deadline, a record-high 60% of Californians say that they pay "much more" or "somewhat more" in taxes than they should, according to a recent survey by the Public Policy Institute of California (PPIC) (and noted by John Seiler of Calwatchdog.org and Stephen Frank of CApoliticalnews.com). However, as PPIC Mark Baldassare notes at Fox&Hounds, Californians still believe that the answer is to tax wealthy earners or corporations more--not to reform and broaden the current tax system. The PPIC survey, which was conducted in March among 1,702 adults, notes: While about half of Californians view the...
  • IRS seizes refunds of taxpayers whose parents owe the government money

    04/13/2014 11:55:27 AM PDT · by SeekAndFind · 51 replies
    American Thinker ^ | 04/12/2014 | Rick Moran
    When are the sins of the father visited upon his children? When the IRS and Social Security Administration say so. Hit and Run: Holding children responsible for the debt incurred by their parents is a feature of historical feudalism and a few modern third-world shitholes. Developed countries, by and large, assume that a debt dies with the person who willingly incurred it, or at least stops with his or her estate. "By and large," I write, because the U.S. government has broken with centuries of tradition holding individuals responsible for their choices, opting to withhold tax refunds from children whose...
  • Obamas pay $98,169 in taxes on income of $481,098

    04/11/2014 2:37:48 PM PDT · by kingattax · 31 replies
    Yahoo/AP ^ | 4-11-14 | DARLENE SUPERVILLE
    WASHINGTON (AP) — President Barack Obama and Michelle Obama paid $98,169 in taxes on $481,098 income last year, tax returns the White House released Friday show. They paid an effective federal income tax rate of 20.4 percent and donated significantly less to charity than they did the year before. The 42-page document, which included the couple's Illinois state income tax return, shows the Obamas reported donating $59,251 to 32 charities, which helped lower their overall tax bill. The nearly $60,000 in donations represents 12.3 percent of their adjusted gross income.
  • $4 billion: Bogus tax refunds a growing problem

    04/10/2014 2:54:43 PM PDT · by posterchild · 8 replies
    AP via finance.yahoo.com ^ | Apr 10, 2014 | Eric Tucker
    WASHINGTON (AP) -- An Internet connection and a bunch of stolen identities are all it takes for crooks to collect billions of dollars in bogus federal tax refunds. And the scam is proving too pervasive to stop. A government report in November said the IRS issued $4 billion in fraudulent tax refunds over the previous year to criminals who were using other people's personal information. Attorney General Eric Holder said this week that the "scale, scope and execution of these fraud schemes" has grown substantially and the Justice Department in the past year has charged 880 people. Who's involved? In...
  • Mystery Project Almost Got $5.5 Million From Taxpayers

    04/10/2014 1:43:24 PM PDT · by MichCapCon · 3 replies
    Capitol Confidential ^ | 4/8/2014 | Jack Spencer
    Few details are known about the P20 Pyramid project slated for Kent County, yet all but two Senate Republicans voted for it twice and it nearly received $5.5 million in funding from the state. Sen. Mark Jansen, R-Gaines Township, pushed for the funding, but has been silent about his efforts. Most recently, Gov. Rick Snyder walked away from the idea of giving the project taxpayer money. Described as a "public/private partnership, Pyramid P20 education hub," the project was promoted as a way to increase the number of students in Michigan who would be proficient in high-tech STEM (science, technology, engineering...
  • Culture Challenge of the Week: Tax Tyranny

    04/10/2014 8:04:18 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | April 10, 2014 | Rebecca Hagelin
    Anxious and somber faces greet me as I step into the crowded waiting room. A sense of dread fills the air. Men and women sit silently, clutching folders and envelopes, stacks of papers and piles of files. The fear in the air is so thick you can almost cut it with a knife. I join the morbid group as I slump into the nearest empty chair and wait for my turn to see....the ACCOUNTANT! It's tax time, and even though we go through the same depressing ritual year-after-year, it just doesn't get any easier. If I think about it too...
  • OY VEY: Obamacare Causes Spike in Small Group Premiums, Colorado’s Increase 29%

    04/09/2014 9:05:57 AM PDT · by george76 · 2 replies
    ColoradoPeakPolitics ^ | April 8, 2014
    News about the disastrous implementation of Obamacare has become so widespread that, to be honest, we’re having a hard time keeping up with all of it. We’ve written extensively about the canceled plans that failed to meet Obamacare coverage requirements, and we’ve written about how Sen. Mark Udall tried to cover it all up. Now, we’re seeing reports that if you weren’t one of the unlucky souls whose small group plan was cancelled because of Obamacare, your premiums have likely increased by 29 percent instead. Colorado is among the top ten states seeing the biggest increases in health insurance premiums...
  • Taxpayer Representation Missing From Assessor Review Panel

    04/09/2014 8:12:39 AM PDT · by MichCapCon · 4 replies
    Capitol Confidential ^ | 4/6/2014 | Anne Schieber
    In Michigan, if you have a complaint against a tax assessor, you must present your case to a panel of three volunteers representing the government — but none for the taxpayer. "There would likely be limited benefit in having a taxpayer on the committee," said Department of Treasury Spokesperson Terry Stanton. "They would not likely have the expertise to determine whether an assessor had committed malfeasance, misfeasance or nonfeasance." Tell that to James Kress, a property owner who has a Ph.D. in physical chemistry and has had enough run-ins with his local assessment department to tell whether he's being treated...
  • 50% Taxes When Alive, 50% Taxes When You Die: Why New York is the "Must Leave" State

    04/09/2014 7:46:52 AM PDT · by SeekAndFind · 18 replies
    FrontPage Mag ^ | 04/09/2014 | Ronn Torossian
    I, Ronn Torossian, am a born & bred New Yorker, who raises a family here, owns a business – and loves all this city has to offer. Yet, I would be among the first to advise people not to live or move to New York if they don’t have to. If they have ambition or drive, New York isn’t the place to be. From the non-stop energy to the culture, indeed, this city deserves its title as capital of the world. Yet, from a business perspective, there are so many obstacles for living – and dying – in New York...
  • Taxing Life Away

    04/09/2014 4:13:49 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | April 9, 2014 | John Stossel
    It's tax time. I'm too scared to do my taxes. I'm sure I'll get something wrong and my enemies in government will persecute -- no, I mean prosecute -- me. So I hired Bob. Bob's my accountant. I like Bob, but I don't like that I have to have an accountant. I don't want to spend time keeping records and talking to Bob about boring things I don't understand, and I really don't want to pay Bob. But I have to. What a waste. Once, I calculated what I could do with the money I give Bob. I could have...
  • Latest ObamaCare surprise: Most won't be able to buy health insurance until end of year

    04/08/2014 6:00:02 PM PDT · by Jim Robinson · 57 replies
    FOX News ^ | 8April 6, 2014 | By Jim Angle
    There is yet another ObamaCare surprise waiting for consumers: from now until the next open enrollment at the end of this year, most people will simply not be able to buy any health insurance at all, even outside the exchanges. "It's all closed down. You cannot buy a policy that is a qualified policy for the purpose of the ACA (the Affordable Care Act) until next year on January 1," says John DiVito, president of Flexbenefit which has 2,500 brokers. John Goodman of the National Center for Policy Analysis in Dallas adds, "People are not going to be able to...
  • New York rich face tax surprise when they die: Tax rate of 164 percent on portions of their estates

    04/08/2014 2:20:29 PM PDT · by SeekAndFind · 28 replies
    CNBC ^ | 04/08/2014 | Robert Frank
    If you're a New York multimillionaire, you now have another incentive to stay alive. A change this month in New York's estate tax, which was billed as tax relief for the wealthy, contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death. Certain estates could even wind up with a tax rate of 164 percent on portions of their estates, according to one tax expert. The changes were intended to ease the tax bill for wealthy New Yorkers and prevent them from fleeing to lower-tax states. A report from the Tax Foundation...
  • ‘Tax Freedom Day’ falls three days later this year

    04/08/2014 9:54:29 AM PDT · by kingattax · 6 replies
    Daily Caller ^ | 04/07/2014 | Caroline May
    The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report. According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21. By April 21, to group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.
  • Tax Day

    04/08/2014 9:15:53 AM PDT · by Rational Voter · 3 replies
    Citizen Primer ^ | 04/08/2014 | Citizen Primer
    https://www.youtube.com/watch?v=1hhCs9r33tM&feature=youtu.be
  • [VIDEO] What if you only had to pay taxes for the government services you actually wanted?

    04/06/2014 6:30:59 PM PDT · by RealityAlwaysWins · 16 replies
    Youtube ^ | 4/6/2014 | Reality Always Wins
    Video: What if you only paid the taxes on the things you actually wanted from the government?We are forced to pay for the NSA to listen to our calls, welfare for people who don't want to work, lifetime pensions for those in Congress, Obamacare, and on, and on, and on....... But we apparently *still* don't pay enough according to them. Something to think about on April 15th. PS: Ever notice how April 15th is about as far as you can get in either direction on a calendar from the elections in November?
  • 9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

    04/03/2014 2:55:01 PM PDT · by SeekAndFind · 45 replies
    TEC ^ | 04/03/2014 | Michael Snyder
    According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year. When you break that down, that means that most of these workers are making less than $3,000 a month before taxes. And once you consider how we are being taxed into oblivion, things become even more frightening. Can you pay a mortgage and support a family on just a couple grand a month? Of course not. In the old days, a single income would enable a...
  • Government-run UTOPIA is not good for Utahans

    04/03/2014 2:26:07 PM PDT · by ThethoughtsofGreg · 14 replies
    American Legislator ^ | 3-27-14 | Alex Rued
    A new bill seeking to curb Utah’s government-owned broadband networks incited anger among observers, indicating confusion remains regarding the policy—and the state of broadband. Promoting broadband is in the public interest, but government-run broadband networks like Utah Telecommunications Open Infrastructure Agency—termed UTOPIA—are not the way to broadband paradise. In 2002, local government leaders commenced work on UTOPIA—the nation’s largest government-owned wholesale fiber operation—as a reaction to private telecommunications providers’ supposed unwillingness to make available high-speed broadband services. Altogether, 11 communities pledged approximately $500 million over several decades to back the bonds UTOPIA sold to finance network development. However, UTOPIA never...
  • Warren Buffett’s liberal display of tax-increase hypocrisy

    04/03/2014 6:57:49 AM PDT · by SeekAndFind · 3 replies
    Washington Times ^ | 04/03/2014 | J.T. Young
    While liberalism’s terminus is failure, its first stop is hypocrisy. Higher-tax advocate Warren Buffett recently illustrated this with his reported use of a tax strategy to avoid — you guessed it — higher taxes. There is nothing new in the tax strategy or in Mr. Buffett’s use of it; it’s just an ample example of liberal hypocrisy. As reported in Bloomberg BNA’s Daily Tax Report on March 20, Mr. Buffett’s Berkshire Hathaway Inc. “plans to limit taxes on more than $1 billion of gains in Graham Holdings Co. stock by swapping the shares for assets owned by the former Washington...