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Keyword: taxes

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  • ‘Not Being Viewed as an Enemy’ Propels California Company’s Move to Texas, says CEO

    04/18/2018 6:27:02 PM PDT · by MarvinStinson · 80 replies
    breitbart ^ | 14 Apr 2018 | MERRILL HOPE
    The top executive of a Southern California private charter airline says the Golden State’s hostile business environment propelled his company’s decision to relocate to Texas. “Not being viewed as an enemy, but being viewed as an asset is so refreshing,” said Alex Wilcox, Chief Executive Officer of JetSuite Inc. He described the air carrier’s decision to move to North Texas this summer as a “welcome change.” He shared a glaring example of one difference between California and business-friendly Texas. “I tried to start flying out of Santa Monica, California. And they sued me because I was trying to bring a...
  • A man confronted Phil Murphy about taxes. Here's how he responded.

    04/20/2018 5:21:51 PM PDT · by GuavaCheesePuff · 13 replies
    Newark Star-Ledger ^ | April 20, 2018 | Brent Johnson
    The man stood right in front of Gov. Phil Murphy and was blunt. "This state is too expensive, and you're making it worse," Greg from Freehold told the Democratic governor during a town hall in Newark on Thursday night. Three months into his tenure, Murphy had come to Newark Tech High School to sell his first state budget proposal -- a $37.4 billion plan that includes more than $1.5 billion in new taxes and moves to close loopholes. The governor argued those hikes are needed because he "inherited a mess" from his predecessor, Republican Chris Christie, and that the state...
  • You Won’t Believe What Tax Reform Will Cost Wealthy Californians In 2019

    04/18/2018 1:52:05 PM PDT · by SeekAndFind · 73 replies
    Hotair ^ | 04/18/2018 | Ed Morrissey
    Lots of people just talk about soaking the rich, but Donald Trump and the GOP actually did it — in California, anyway, although they won’t be alone. The controversial phase-out of the state and local tax deduction (SALT) will drop like a bombshell on high-tax-rate blue states, which is one reason why Democrats so staunchly opposed it. According to an analysis from California’s Franchise Tax Board, the Golden State will be Ground Zero: President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now.They’re...
  • Millionaire’s Taxes Offer Little Bang and Little Buck: Good politics but bad economics.

    04/18/2018 9:36:38 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 04/17/2018 | By JONATHAN WILLIAMS & ROSS MARCHAND
    Soaking the rich is good politics but bad economics. Millions of Americans are beginning to see the fruits of the federal tax overhaul passed in December, with higher take-home pay, bonuses, and a stronger job market. However, these good times could soon end in some left-leaning states that are considering raising their income taxes. New Jersey, Massachusetts, and Maine may soon place surtaxes on “millionaires,” via legislation in the Garden State and ballot measures in the others. To proponents of larger government and greater state-level redistribution, raising rates on “fat cats” is a perfect way to fund more Medicaid and...
  • Taxes Don’t Cover America’s Expenses: Entitlement reform the only solution to ballooning debt.

    04/18/2018 9:25:19 AM PDT · by SeekAndFind · 21 replies
    National Review ^ | 04/17/2018 | Michael Tanner
    Yesterday, as most Americans are painfully aware, was “Tax Day,” the last day for filing individual income taxes this year. When the smoke clears, Americans will have paid $1.6 trillion in individual income taxes. And contrary to the populist rhetoric of both the Left and the Right, the vast majority of those taxes will have been paid by the rich. The wealthiest 1 percent of Americans, who earn 16 percent of U.S. income, will pay roughly 43 percent of federal income taxes this year. Of course, income taxes are only one component of federal taxes, and for most Americans, it’s...
  • Offer infrastructure investors a share of the tax take

    04/17/2018 12:08:42 AM PDT · by Tolerance Sucks Rocks · 2 replies
    Nikkei Asian Review ^ | April 17, 2018 | Naoyuki Yoshino
    Asia needs more transport infrastructure. More than the state, which finances the lion's share, can fund. So what more can be done to bring in increased private capital, when investors have so far been mostly disappointed by the returns? Is there a way of breathing new life into the public private partnership (PPP), the most common vehicle for private infrastructure investment? We think so. Governments need to offer private sector investors more than they can hope to earn from ticket sales on railways or motorway tolls. They should consider sharing the extra tax revenues generated from the increased economic activity...
  • Economy Continues to Be Battered by Tax Cut Law [semi-satire]

    04/16/2018 11:03:37 AM PDT · by John Semmens
    Semi-News/Semi-Satire ^ | 15 April 2018 | John Semmens
    News that US corporations expect the recently completed first quarter of 2018 to be the “best ever” has reignited Democrat promises to repeal the tax cut enacted late last year. Vermont Socialist Sen. Bernie Sanders called the news “supremely depressing. To think that a democratically elected legislature could take such a heartless action to endorse the heightened expropriation of the surplus value of labor that Marx demonstrated is owed to the working class is shameful. It is essential that voters elect a socialist majority this Fall so Congress can repeal this abomination.” House Minority Leader Nancy Pelosi (D-Calif) pledged “to...
  • Supreme Court hears case on online sales tax

    04/16/2018 6:52:39 AM PDT · by Oldeconomybuyer · 105 replies
    CBS "News" ^ | April 16, 2018
    Sales Tax: $0. Online shoppers have gotten used to seeing that line on checkout screens before they click "purchase." But a case before the Supreme Court could change that. At issue is a rule stemming from two, decades-old Supreme Court cases: If a business is shipping to a state where it doesn't have an office, warehouse or other physical presence, it doesn't have to collect the state's sales tax. That means large retailers such as Apple, Macy's, Target and Walmart, which have brick-and-mortar stores nationwide, generally collect sales tax from customers who buy from them online. But other online sellers,...
  • Here's what happens if you don't pay your taxes

    04/14/2018 11:05:49 PM PDT · by Berlin_Freeper · 15 replies
    cnbc.com ^ | 13 April 2018 | Kathleen Elkins
    Taxes are due early next week and, if you don't file and pay your taxes, you could face some consequences. Everyone's tax situation is different, but here are some of the things that might happen if you don't submit your 2017 tax returns by the filing deadline of Tuesday, April 17.
  • Charge dropped for man who won't file taxes citing religion

    04/14/2018 12:31:06 PM PDT · by ameribbean expat · 29 replies
    PORTLAND, ORE. A federal judge has dismissed a tax evasion charge against a man who describes himself as a Christian who refuses to give money to the government to support abortion. The Oregonian/OregonLive reported Thursday the judge ruled that the government failed to provide evidence that Michael Bowman tried to conceal or mislead government officials. Prosecutors accused Bowman of not filing an accurate tax return since at least 1997. Bowman said he's been up front with the Internal Revenue Service, refusing to file a return or pay taxes since 1999 without some accommodation afforded to him for religious beliefs. The...
  • Tax day quotes, cartoons, Dave Barry's classic column, 1967 cartoon version of The Beatles "Taxman"

    04/13/2018 8:26:36 AM PDT · by harpygoddess · 8 replies
    VA Viper ^ | 04/12/2018 | Harpygoddess
    Re The Beatles "Taxman", George Harrison (who wrote the song) explains why: “I had discovered I was paying a huge amount of money to the taxman,” he once explained in interview. “You are so happy that you’ve finally started earning money – and then you find out about tax. In those days we paid nineteen shillings and sixpence out of every pound (there were twenty shillings in the pound), and with supertax and surtax and tax-tax it was ridiculous – a heavy penalty to pay for making money… It was, and still is, typical. Why should this be so? Are...
  • Opioid memorial puts victims faces on pills, opens outside White House

    04/11/2018 3:34:00 PM PDT · by bgill · 75 replies
    abc15 ^ | Apr. 11, 2018 | Chris Welch
    When Missy Owen heard that the non-profit National Safety Council was putting together a memorial for opioid victims called "Prescribed to Death" and was, in effect, looking for personal stories to help put a human face on the crisis, she was excited. “I was like, 'oh yes, this is a great idea,'” Owen said, “This is an awesome project, yes I’ll do that!” The project would be another way to try and keep the memory of her son Davis alive. Not only that, but it could potentially help make an impact on others in the hopes of one day ending...
  • Netflix Accused of Violating U.S. Tax Law in Bonuses to Top Executives

    04/11/2018 9:34:54 AM PDT · by SoFloFreeper · 5 replies
    The Hollywood Reporter ^ | 4/11/18 | Eriq Gardner
    A shareholder sues Netflix board members with the allegation they "rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals."
  • House of pain: Illinois property taxes up, but home prices lag

    04/08/2018 6:55:58 AM PDT · by george76 · 47 replies
    Illinois Policy ^ | 4/8/2018 | Orphe Divounguy, Bryce Hill, Joe Tabor
    Skyrocketing property taxes, a sluggish state economy and Illinois’ outmigration crisis could spell trouble for the housing market. Most people view their decision to buy a home at least in part as an investment. For most households, the net equity in their home represents the bulk of their net worth. But it’s more than just a financial decision – it’s a sign of trust and certainty in the future of a given community. Unfortunately, government data suggest home prices in Illinois are still down 10 percent compared with 2006. And over the same time, property tax bills have gone up...
  • Turning Out To Be Not Worth It To Own Your Own Small Business. ..In NYS

    04/07/2018 8:24:48 AM PDT · by AbolishCSEU · 61 replies
    So we are in our second year of my husband's HVAC biz. He is busy like crazy (one man band) And I have a "regular" 40+ hour job with benefits that keeps the lights on and the mortgage paid.
  • Dems Split on Tax Cut Repeal [semi-satire]

    04/06/2018 5:13:25 PM PDT · by John Semmens · 8 replies
    Semi-News/Semi-Satire ^ | 8 April 2018 | John Semmens
    Democrat Party leadership is not united in its plans for the recently passed tax cut. House Minority Leader Nancy Pelosi (D-Calif) pledged to repeal the cuts, saying that "the crumbs that Trump and the GOP selfishly tried to withhold from the government will be taken back and amalgamated into a large pool of resources to fund vitally needed government programs." Among the programs mentioned by Pelosi were "an expansion of regulations to more effectively monitor behavior so government can guide private individuals toward a more socially conscious lifestyle" and "a long overdue increase in salaries for government employees, who are...
  • Nancy Pelosi sends out apparent draft tweet

    04/05/2018 6:19:10 PM PDT · by Libloather · 44 replies
    Washington Examiner ^ | 4/04/18 | Katelyn Caralle
    Rep. Nancy Pelosi, D-Calif., accidentally sent out a tweet Wednesday that appeared to be a draft. The tweet included a parenthetical reminder to “tag officials and tax march,” before sending the tweet where she said she would be participating in a march to call attention to the “GOP tax scam.”
  • Pelosi: Democrats Will Repeal the GOP Tax Law When We Retake the House

    04/04/2018 7:16:12 PM PDT · by Zakeet · 48 replies
    NTK Network ^ | April 4, 2018
    House Minority Leader Nancy Pelosi (D-CA) said that Democrats would indeed repeal the GOP tax law if they are successful in retaking the House of Representatives this November during a town hall on Wednesday.
  • Obama State Dept used taxpayer dollars to fund George Soros group's

    04/04/2018 6:14:11 PM PDT · by Kaslin · 24 replies
    Fox News. com ^ | April 4, 2018 | Brooke Singman
    The Obama administration sent U.S. taxpayer funds to a group backed by billionaire George Soros to fund left-wing activities in Albania, a conservative watchdog group says. The group, Judicial Watch, obtained 32 pages of records from the Justice Department this week through a May 2017 Freedom of Information Act (FOIA) lawsuit against the State Department and U.S. Agency for International Development (USAID.) The new documents show USAID funds were sent through the agency’s Civil Society Project to back Soros’ left-wing "East West Management Institute" through USAID's "Justice for All" campaign. USAID provided $8.8 million in 2016 to that campaign. The...
  • Poisonous Taxes

    04/04/2018 6:19:29 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 4, 2018 | John Stossel
    Soda will cost you more in Philadelphia, Seattle, Boulder, Colorado, and a bunch of California cities because politicians in those places voted to tax it. The social engineers claim soda taxes will "reduce obesity," "lower diabetes rates," "reduce medical costs," etc. But the politicians' main goal is to bring in money. Philadelphia city council members applauded wildly when their tax passed. But store owner Melvin Robinson says, "It's a bad tax." Robinson, who runs Bruno's Pizza, says the soda tax punishes his business. His customers quickly agreed. One I interviewed for my new YouTube/Facebook/Twitter video angrily said, "Who should pay...