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Keyword: incometaxes

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  • Never Mind Tesla CEO Elon Musk’s Stock Sales. Look What Microsoft’s CEO Just Did.

    11/30/2021 10:27:48 AM PST · by SunkenCiv · 34 replies
    Barrons ^ | November 30, 2021 | Al Root
    A lot has been made of Tesla CEO Elon Musk’s stock sales, but Microsoft CEO Satya Nadella recently sold a chunk of stock that is a much larger portion of his total holdings. Nadella sold about half his stake in Microsoft (ticker: MSFT), according to recent filings with the Securities and Exchange Commission. The CEO unloaded 838,584 shares on Nov. 22 and 23, netting him about $285 million. He has about 831,000 Microsoft shares left, worth roughly $280 million. It isn’t clear why he sold. Microsoft didn’t immediately respond to a request for comment on the sales or to make...
  • Bombshell report reveals how Colorado's Democratic governor avoided paying taxes

    11/05/2021 1:25:30 PM PDT · by dware · 22 replies
    Yahoo! ^ | 11.05.2021 | John Frank
    Colorado's Democratic Gov. Jared Polis is under fire after a new trove of documents revealed he used loopholes to avoid paying federal income taxes for years. Driving the news: A ProPublica report published Thursday found Polis, a tech entrepreneur and former congressman, used donations and financial arrangements to get out of paying federal income taxes in 2013, 2014 and 2015.
  • Caldara: Legislature bypasses voters for tax-hike rampage. [ Colorado ]

    06/09/2021 9:09:56 AM PDT · by george76 · 9 replies
    Complete Colorado ^ | June 9, 2021 | Jon Caldara
    Let’s see if you can find a common theme of what the Colorado State legislature thinks of you and the will of the voters. Voters soundly rejected Prop 112 which would have created large setbacks for oil and gas operations, enough to chase the industry out of Colorado. The legislature’s and governor’s retort was to pass Senate Bill 181, which was even more brutal to Colorado’s oil and gas industry. And yes, the industry is leaving. It’s one of the reasons Colorado’s unemployment is worse than most all other states. Just last November voters passed Prop 117 to end the...
  • White House Fails to Address Joe Manchin’s Concerns About Corporate Tax Hikes

    04/05/2021 1:44:23 PM PDT · by ChicagoConservative27 · 17 replies
    Breitbart ^ | 03/05/2021 | Charlie Spiering
    The White House conceded on Monday that Senate Democrats such as Sen. Joe Manchin (D-WV) opposed President Joe Biden’s plan to raise corporate tax rates to pay for his massive $2.5 trillion infrastructure plan but failed to specifically address his concerns. Manchin said during a radio interview Monday he could support raising corporate taxes from 21 percent to 25 percent but not President Biden’s proposed 28 percent.
  • The Middle Class Will End Up Paying For The Left’s War On The Rich

    02/09/2021 12:11:52 PM PST · by Kaslin · 34 replies
    The Federalist ^ | February 9, 2021 | Jason Rantz
    As the war on the rich continues to escalate on both coasts, it's the middle-class residents of blue states that will be stuck with the tab.The war on the rich is escalating on both coasts. While Democrats argue they’re righteously demanding the wealthy pay their fair share, it’s the middle class who will pay the biggest price. Legislation labeled a “wealth tax” targets the wealthy. In Washington state, billionaires would be hit with a 1 percent tax on intangible assets. New York’s legislation includes tax hikes on income, capital gains, inheritance, and even stock trades. Seattle state Rep. Noel Frame...
  • Graduated-rate tax amendment rally gets sidetracked by Toni Preckwinkle pitch for Kim Foxx’s reelection

    10/31/2020 9:57:26 AM PDT · by PBRCat · 4 replies
    The Chicago Tribune ^ | October31, 2020 | Rick Pearson
    A virtual rally in support of a proposed constitutional amendment to change Illinois' income tax system to a graduated-rate tax was sidetracked by Cook County President Toni Preckwinkle delivering a lengthy pitch for State’s Attorney Kim Foxx’s reelection. The rally of high-profile Democrats, hosted by the proposed amendment’s chief supporter, Gov. J.B. Pritzker, also featured Lt. Gov. Juliana Stratton alleging amendment opponents were billionaires fighting against “communities of color and women and working-class families all across the state.” But pro-amendment discussion, dubbed the “fair tax” by supporters, gave way when Preckwinkle, the Cook County Democratic Party chair and a strong...
  • 'I purely vote for my actual interests': Black men could be critical bloc in presidential election

    10/27/2020 4:51:26 PM PDT · by 11th_VA · 20 replies
    Yahoo News ^ | Oct 27, 2020 | Marquise Francis
    Karl Williams from Brooklyn, N.Y., believes that Black people have “nothing to win” in this year’s presidential race with either President Trump or former Vice President Joe Biden. “There’s no policy platform being presented that’s going to address any needs of Black men,” Williams, an investor who trades options, said in a video interview with Yahoo News. Despite this conviction, Williams plans to vote for Trump for a second time on Nov. 3. “I support Trump,” said Williams, 34, who describes his reasoning as based solely on the prospect of personal financial gain, since he invests in the stock market....
  • Why On Earth Would You Vote Democrat?

    10/21/2020 12:11:12 PM PDT · by MtnClimber · 53 replies
    American Greatness ^ | 20 Oct, 2020 | Ned Ryun
    The answer should be obvious: you shouldn’t. Not in a million years. I know people who are still trying to decide whether or not to vote for Democrats in this election. As shocking as that might seem, it’s true. And as with any important decision that must be made, an important question to answer before deciding to do it is “Why?” While I know some people simply vote for personalities, let’s assume for sake of argument that some undecided voters are actually thinking people who want to wrestle with what is at stake in this election for them, their families,...
  • Wells Fargo expected to announce massive layoffs Tuesday, many in NC

    10/27/2020 7:08:32 AM PDT · by Rebelbase · 46 replies
    WGHP/Nextar wire ^ | 10/27/20 | Brien Blakely
    CHARLOTTE, N.C. (FOX 46 CHARLOTTE)- Charlotte could be facing a big blow to the banking industry. Wells Fargo is expected to announce major layoffs across the board on Tuesday. Thousands across the entire company could get the pink slip and bank insiders tell WJZY that many of those cuts will happen in the Queen City. More than 27,000 people in the Charlotte area work for Wells Fargo. It’s the city’s second largest employer. In July, the bank’s chief executive said it may need to cut expenses by more than $10 billion as it restructures away from a retail bank.
  • Lil Pump becomes the latest rapper to endorse Trump because he doesn't 'want to pay an extra 33 percent in taxes'

    10/26/2020 6:16:45 PM PDT · by CheshireTheCat · 38 replies
    Daily Mail ^ | October 26, 2020 | Jennifer Smith
    Lil Pump has become the latest rapper to endorse President Trump, telling fans in a foul-mouthed video that he does not want to pay 'an extra 33 percent in taxes' and saying: 'f*** sleepy Joe'. The rapper took to Instagram live on Sunday night, telling his 17million followers : 'Trump 2020! F--- I look like paying an extra 33 in taxes for Biden?' He went on 'f*** sleepy Joe!' before singing off. Later, he shared a photo-shopped image of himself shaking hands with Trump in the Oval Office.
  • BREAKING: Trump Says If Reelected, He Will ‘Cut Middle Class Taxes Even Further’

    10/26/2020 10:00:19 PM PDT · by RandFan · 53 replies
    National File ^ | October 26, 2020 | GABRIEL KEANE
    President Donald Trump said during a stop on the campaign trail Monday that he will double down on his pro-American domestic policy if he is reelected to a second term in office in November’s election, delivering a promise to “cut middle class taxes even further.” The President’s remarks came during a campaign rally in Martinsburg, Pennsylvania, the latest in a series of rallies across the Commonwealth, which is widely viewed as a key battleground state. “And in my second term I will cut middle class taxes even further,” President Trump stated, eliciting uproarious applause from the crowd.
  • Trump Continues to Hurl Monkey Wrenches into the Gears of the Democrats’ Political Machine

    10/26/2020 7:00:38 AM PDT · by Kaslin · 7 replies
    American ^ | October 26, 2020 | William Sullivan
    Going back to (at least) the technocratic and ambitious FDR, American Democrats have believed that federal government eggheads are best suited to manage most things, including mundane things like ensuring healthcare or housing, for everyone. But as a rule, Democrats have always had a very nuanced way of presenting such policies to the American people. In other words, socialists in America have been most successful when they don’t tell Americans that what’s being offered to them is socialism. The old guard of the Democrat party, which Joe Biden represents, has long understood that. The radical Bernie Sanders wing of the...
  • Trump has faced a decade-long tax audit — here’s how long IRS audits usually take and which taxpayers are most likely to get audited

    10/23/2020 11:40:44 AM PDT · by SeekAndFind · 16 replies
    Market Watch ^ | 10/23/2020 | Jacob Passy
    Thousands of Americans see their tax returns audited every year — but it’s safe to say none have seen an audit go on as long as President Donald Trump’s. Since he first launched a run for the White House in 2016, Trump has declined to release his tax returns. One reason he commonly cites as to why he can’t — including during last week’s town hall event on NBC and Thursday night’s presidential debate — is that he is undergoing audit. During the debate, Trump again said that he will release his returns when the audit is finalized. “We made...
  • Democrats In Love With Big Tax Hikes Might Do Well To Remember Walter Mondale

    10/22/2020 10:06:14 AM PDT · by Signalman · 12 replies
    Tax Policy Center ^ | 12/9/2019 | Howard Gleckman
    When I heard that Democratic presidential hopeful Joe Biden was proposing to raise taxes by $3.2 trillion over 10 years, I flashed back to Walter Mondale and thought: My, how things have changed. Mondale, like Biden, was a former vice-president and political moderate who was looking to gain the Oval Office. Mondale, in what was sadly—for him—the most memorable phrase of his 1984 campaign against Ronald Reagan—explicitly promised to raise taxes. In what has since been known as the Mondale moment, he said this: “Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did."...
  • ‘Trump does what he says’: Muslims abandon Biden, back president

    10/20/2020 10:06:25 AM PDT · by Red Badger · 44 replies ^ | | October 20, 2020 12:17 PM | by Paul Bedard, Washington Secrets Columnist |
    President Trump, whose Middle East plan is winning support from Arab nations, is gaining strong support from Muslim leaders and their followers who believe that the Democrats haven't delivered on years of promises, according to a new survey of Islamic leaders. In a shocking turnaround, 61.48% of the 109 Muslim leaders who “represent two million voters” plan to vote for Trump. That is a slight edge over their 2012 vote for Barack Obama. The survey of the leaders was done by the Washington correspondent for Aksam Gazetesi, a Turkish news site. It suggested that the Muslim leaders' support for former...
  • SHOCKER: ABC’s Jonathan Karl Fact-Checks Biden Campaign on Taxes

    10/13/2020 8:25:34 AM PDT · by JV3MRC · 15 replies
    NewsBusters ^ | 10/13/2020 | Joseph Vazquez
    Insufferable ABC News chief Washington correspondent Jonathan Karl actually took the time to fact-check a claim by Democratic presidential nominee Joe Biden that “[n]obody making under $400,000 bucks would have their taxes raised” under his proposed tax plan. Talk about a twilight-zone moment. During the October 11, edition of ABC This Week with George Stephanopoulos, Karl grilled Biden campaign co-chair Rep. Cedric Richmond (D-LA) on Biden’s promises to only raise taxes on the rich. Karl questioned: “[Biden] has said that he will not raise taxes on anybody making less than $400,000 a year. But the analysis put forward by the...
  • October 12 The good news they won't tell you

    10/12/2020 7:36:14 AM PDT · by jmaroneps37
    October 12, 2020 | Kevin Collins
    This is a compilation of good news stories. They are presented in the comment section and applicable links are included.
  • Joe Biden Promises To End Traditional 401(k)-Style Retirement Savings Tax Benefits. What’s That Mean?

    10/08/2020 10:38:24 AM PDT · by SJackson · 138 replies
    Forbes ^ | 8-25-20 | Elizabeth Bauer
    Round about a month ago, I took a closer look at Joe Biden’s retirement-related policy proposals, or, more specifically, those of the “Unity Task Force,” which had just released its final document. One of the items in that document and on the Biden campaign website is a promise to “equalize the network of retirement saving tax breaks” — a proposal that generally translates to eliminating the tax advantages currently enjoyed by retirement savings accounts and replacing them with a “credit” or “match.” The idea is that the tax advantages, or “tax expenditures,” as they’re called, disproportionately accrue to relatively higher...
  • ‘Religious Institutions Have Been a Problem’: Andrew Cuomo Threatens to Shut Down Churches, Synagogues

    10/06/2020 6:03:51 PM PDT · by marshmallow · 36 replies
    The Stream ^ | 1/6/20 | Margaret Mary Olahan
    Democratic New York Gov. Andrew Cuomo threatened Monday to close down religious institutions, specifically Jewish synagogues, if they do not follow his coronavirus restrictions. “We know religious institutions have been a problem,” Cuomo said at a Monday press conference. “We know mass gatherings are the super spreader events. We know there have been mass gatherings going on in concert with religious institutions in these communities for weeks. For weeks.” “I don’t mean little violations,” he continued. “I’m talking about, you’re only supposed to have 50 outdoors, they had 1,000.” The governor referred to pictures from “the past couple of weeks,”...
  • IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraud

    10/05/2020 1:00:47 PM PDT · by Alter Kaker · 45 replies
    WSJ ^ | October 5 2020 | Mark Maremont
    The Internal Revenue Service is investigating longtime National Rifle Association CEO Wayne LaPierre for possible criminal tax fraud related to his personal taxes, according to people familiar with the matter. Mr. LaPierre was paid $2.2 million by the NRA in 2018, the most recent year available, the nonprofit group’s public filings show. His total reported pay from 2014 to 2018 was $11.2 million.