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Keyword: incometax

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  • The "10% Flex" Tax plan, a novel idea for Taxes and Tariffs ~ Vanity

    05/24/2016 6:04:51 PM PDT · by GraceG · 29 replies
    GraceG
    When it comes to taxes, depending on whichever conservative you talk to they all have a different idea on what sort of tax plan would work best. Some want a national sales Tax, some want an income tax, and some even want a Tariff. So why not UNIFY under a plan that ALL of us can get behind? Here is an idea that I have been thinking about that i have never seen before. I call it the "10% Flex" Tax plan. Why is it flexible? It is flexible as it would allow congress to control what TYPE of taxes...
  • One Top Taxpayer Moved, and New Jersey Shuddered

    04/30/2016 10:36:42 AM PDT · by reaganaut1 · 39 replies
    New York Times ^ | April 30, 2016 | ROBERT FRANK
    Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income and tax revenue becomes concentrated in the hands of a few. Last month, during a routine review of New Jerseys finances, one could sense the alarm. The states wealthiest resident had reportedly shifted his personal and business domicile to another state, Frank W. Haines III, New Jerseys legislative budget and finance officer, told a State Senate committee. If the news were true, New...
  • Paying Your Fair Share? 45% Of Americans Pay Zero Income Taxes

    04/19/2016 8:21:27 AM PDT · by SeekAndFind · 38 replies
    IBD ^ | 04/19/2016
    Democrats keep demanding that the rich pay their fair share of income taxes. But they never say what fair is. Probably because they know that the rich pay huge amounts while 45% of households pay nothing. The nonpartisan Tax Policy Center has some eye-opening statistics on its site that should silence the tax fairness debate, if the numbers were widely known. For example, did you know that the richest 20% of households pay 88% of federal income taxes? Or that this is up from 64.7% the year before Reagan took office? Did you know that 45% of all households pay...
  • 45% of Americans pay no federal income tax

    04/18/2016 1:50:30 PM PDT · by george76 · 49 replies
    MarketWatch ^ | Apr 18, 2016 | Catey Hill
    An estimated 45.3% of American households roughly 77.5 million will pay no federal individual income tax ... The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) nearly seven times higher than those in the bottom 50%. On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax...
  • 45% of Americans pay no federal income tax

    04/18/2016 7:43:19 AM PDT · by Java4Jay · 57 replies
    An estimated 45.3% of American households roughly 77.5 million will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.
  • Why Ted Cruzs VAT really is a VAT

    04/15/2016 10:56:53 PM PDT · by Hanna548 · 253 replies
    American Enterprise Institute ^ | 01/15/16 | James Pethokoukis
    Make no mistake here. Cruz is proposing a VAT add-on to the existing personal income tax system.
  • N.J. has lost its wealthiest resident to Florida, report says (David Tepper)

    04/06/2016 8:14:15 AM PDT · by DCBryan1 · 24 replies
    NJ.com ^ | 16, 2016 at 3:04 PM, updated March 17, 2016 at 7:17 AM | By Craig McCarthy
    New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says. According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015. Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article. Tepper has been a resident of the Garden State for more than two decades and has continually appeared...
  • ‘It’s a Lie’: Michele Bachmann Slams the Progressive Tax System

    02/11/2016 7:30:07 PM PST · by Tolerance Sucks Rocks · 10 replies
    The Blaze ^ | February 11, 2016 | Billy Hallowell
    Former congresswoman Michele Bachmann (R-Minn.) recently joined historian David Barton on the show “Foundations of Freedom,” where she spoke out against the progressive income tax system, saying that class warfare rhetoric leads people to “violate the 10th Commandment.” “It’s appealing to the lower interest of man, and it appeals to the American people to violate the 10th Commandment,” Bachmann said. “We are told, ‘Don’t covet’ — in other words don’t be jealous and don’t want what your neighbor has … Instead politicians say, ‘Oh no, no. Your neighbor is rich, because he stole it from you.’” She continued, “That’s not...
  • Coloradans get a little relief on local taxes

    01/20/2016 5:17:48 PM PST · by george76 · 1 replies
    Denver Business Journal ^ | Jan 20, 2016 | Mark Harden
    Coloradans on average paid 8.9 percent of their incomes in state and local taxes in fiscal year 2012, down a bit from the 9 percent rate in the previous year... The Colorado rate was well below the national local-tax burden of 9.8 percent.. Colorado ranked 35th among the states for collective state and local tax burden, with No. 1 -- New York, at 12.7 percent -- having the highest state and local tax burden and No. 50 -- Alaska, at 6.5 percent -- the lowest. ... Taxes covered by the report include state and local income tax, property tax and...
  • Ben Carson Tax Overhaul Includes Flat Rate, End to Top Deductions

    01/04/2016 3:20:59 PM PST · by DoodleDawg · 11 replies
    Wall Street Journal. ^ | 1/4/16 | Richard Rubin
    Republican presidential candidate Ben Carson on Monday called for imposing a 14.9% flat tax rate on income, ending taxes on capital gains and dividends and abolishing the charitable deduction and all tax credits. Mr. Carson’s plan would lower taxes on the wealthiest households, who get much of their income from investments that would go untaxed and from business income now taxed at a top rate of 39.6%. Complete estimates on the distribution of the tax burden and the revenue effect of Mr. Carson’s plan weren’t available on Monday.
  • Alaska Governor pushes lots of new taxes, including state income tax

    12/13/2015 12:48:18 PM PST · by Kaslin · 49 replies
    Hot Air.com ^ | December 13, 2015 | JAZZ SHAW
    Things aren’t going very well in Juneau these days and unlike the more nuanced arguments taking place in other states, Alaska is dealing with a problem which can be summed up in one word: money. The state spent a long time riding high on sustained, high oil prices which greatly impact their budget, but the sunset of the oil boom has led to a long term collapse in those revenues and Alaska needs to come up with some more cash. Their part time legislature will be returning to session next month and they will be facing a wide ranging proposal...
  • The Poor in the US Are Richer than the Middle Class in Much of Europe

    10/18/2015 2:44:21 PM PDT · by expat_panama · 35 replies
    Mises Wire ^ | October 16, 2015 | Ryan McMaken
    In this week's debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty. CBS reports that Sanders said: "We should not be the country that has the highest rate of childhood poverty of any major country and more wealth and income inequality than any other country," As even CBS notes, according to UNICEF, which is probably the source of Sanders's factoid, the US has lower childhood poverty rates than Greece, Spain, Mexico, Latvia, and Israel, all of which are OECD countries or regarded as peer countries. The US rate (32.2 percent) is also more or...
  • Pew poll: Trump leads GOP field by nine as Jeb Bush crashes into sixth place with four percent

    10/02/2015 11:56:03 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/02/2015 | AllahPundit
    Four percent, guys. To put that in perspective, Scott Walker was still pulling five percent in one poll released less than a week before he dropped out of the race.Every now and then, just for a fleeting moment or two, I put away my fatalism and consider that maybe the Republican establishment can’t nominate anyone it wants. And then the moment passes and I return to reality.As for Trump, there’s been a raging debate for the past three months between people who think his surge is due to a cocktail of populism, “white identity politics,” and sheer alpha-male bravado...
  • Analysis: The good and the bad of Donald Trumps 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...
  • [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...
  • Jeb Bush: People Need to Work Longer Hours

    07/08/2015 4:57:12 PM PDT · by jimbo123 · 75 replies
    ABC News ^ | 7/8/15 | CANDACE SMITH
    Today, Republican presidential candidate Jeb Bush, who as of-late has gone relatively gaffe-free, uttered a phrase that may not go over too well with the constituency he seeks to reach. During an interview that was live-streamed on the app Periscope, Bush told New Hampshires The Union Leader that to grow the economy, people should work longer hours. He was answering a question about his plans for tax reform and responded: My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a...
  • Jeb Bushs Big Lehman Brothers Problem

    07/12/2015 7:15:28 AM PDT · by jimbo123 · 26 replies
    Daily Beast ^ | 7/2/15 | Charles Gasparino
    Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if thats really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an adviser for investment bank Lehman Brothers? So, if Jeb wont tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try. Not much is known about what Bush actually did...
  • Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns

    06/30/2015 5:20:41 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 06/30/15 | Robert Laurie
    Record-breaking transparency. Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns Dont look now, but Jeb Bushs campaign is about to set a record in terms of releasing tax information. This afternoon, Bush will release 33 years worth of personal income tax returns via his website. Thats more than any other would-be nominee ever - by a wide margin. Only Bob Dole and John Kerry came close to this total, and the Bush release will outpace both of them by double digits. As the AP reports: Republican presidential candidate Jeb Bush plans to release 33...
  • Jeb Bush says he would back tax increases to reduce deficit

    06/02/2012 3:18:55 PM PDT · by WilliamIII · 53 replies
    Bloomberg/Washington Post ^ | June 1, 2012 | Brian Faler
    June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal governments budget deficit. The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts. 1 Comments Weigh InCorrections? Personal Post More from PostPolitics Obama: From dove to tough guy Aaron Blake JUN 1 THE FIX | When it comes to foreign policy, Obamas image is starting to look a...
  • Opinion: The far right fears Jeb Bushs success

    02/23/2015 12:18:41 PM PST · by 2ndDivisionVet · 60 replies
    Market Watch ^ | February 23, 2015 | Paul Brandus, White House bureau chief, West Wing Reports
    One of the more memorable moments during the last presidential campaign was a GOP debate in August, 2011. Foxs Bret Baier asked the eight candidates if they would agree to $1 in new taxes for every $10 in spending cuts. Not one person raised his (or her) hand. Ronald Reagan, George H.W. Bush, and Richard Nixonall tax hikers at one point or another during their presidencieswould have raised their hands, and might have been booed off stage. Thats how much the Republican party has changed. Which brings us to Jeb Bush. During his eight years as governor of Florida (1999-2007),...
  • High-income Americans pay most income taxes, but enough to be fair?

    10/18/2015 2:15:59 PM PDT · by expat_panama · 9 replies
    Pew Research Center ^ | March 24, 2015 | Drew DeSilver
    Americans dont much like the federal tax system, a recent Pew Research Center report finds. But its not, as you might imagine, because they think they pay too much. Rather, they think people other than themselves dont pay their fair share.Some six-in-ten Americans in the Pew Research survey said they were bothered a lot by the feeling that some wealthy people and some corporations dont pay their fair share. Only 27% cited their own tax bills as something that bothered them a lot, even though 40% thought they paid more than their fair share given what they get from...
  • Governor Jindals Bold Reform Plan Slashes Revenue to DC, Abolishes the Corporate Income Tax

    10/09/2015 12:56:52 PM PDT · by Kaslin · 22 replies
    Townhall.com ^ | October 9, 2015 | Daniel J. Mitchell
    Give him credit. Most elected officials are content to tinker at the edges, but Governor Jindal of Louisiana actually wants to solve problems. Look what hes done, for instance, on fiscal policy. He sought to abolish his states personal income tax, a step that would havedramatically boosted the states competitiveness. That effort stalled, but he actually has been successful in curtailing state spending. Hes amassed one of the best records for frugality of all governors seeking the GOP presidential nomination. And hes now joined the list of presidential candidates seeking to rewrite the internal revenue code. Since weve already reviewed...
  • The Donald Trump Income Tax Calculator

    09/30/2015 7:17:25 PM PDT · by SeekAndFind · 47 replies
    SavvyThis: Money ^ | 09/30/2015
    Did my best with the limited information available to calculate how much Federal Taxes you would owe under Trumps plan. Donald J. Trumps Tax Plan This information may be inaccurate and is not meant in anyway as legal or tax advice. Nor is this calculator an endorsement of any canidate by Money.Savvythis.com. This calculator was purely meant for educational purposes and may contain inaccuracies.
  • Donald Trump's Income Tax Calculator

    09/29/2015 7:33:13 AM PDT · by the_boy_who_got_lost · 67 replies
    Money.Savvythis.com ^ | September 29th 2015 | Timothy Martens
    I wrote a calculator to calculate what you would pay in income tax under Donald Trumps plan.
  • 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...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...
  • Soldier of Fortune? The Pros and Cons to Contracting Overseas

    07/17/2015 11:20:06 AM PDT · by w1n1 · 3 replies
    AShooting Journal ^ | 7/17/2015 | Robert Spunga
    Today, there are hundreds of thousands of men and women working overseas on various contracts and making good money, probably two to three times what they can make in the United States. On top of that, they may even be eligible for the foreign earned income exclusion, which in 2014 meant that the first $99,200 of their total income earned overseas was excluded from being taxed at the Federal level (its higher for 2015). However and I cant emphasize this enough they are earning it! Naturally, the best-paying jobs are in high-threat environments such as Iraq, Afghanistan, Syria,...
  • Greenmail: Income Tax, Flat Tax, or, No Tax?

    06/22/2015 12:05:54 PM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 06/22/15 | Gary Hunt
    Washington, D.C. gets back nearly six times, per capita, what it contributes For those who believe that the federal government should tax us, either by income tax or a fair tax, or any other direct means of taxation, must understand that doing so only creates socialism among the states (taking from one to give to another), as the following table shows (A more complete table can also be found at Tax Foundation Special Report No. 158, Federal Tax Burdens and Spending by State). The table is from 2005 (I havent found a newer one, yet), so I would suppose that...
  • LePage says he wants Maine income tax gone by 2020

    06/01/2015 7:09:52 AM PDT · by Cowman · 5 replies
    Bangor Daily News ^ | March 12 | By Scott Thistle
    AUBURN, Maine Gov. Paul LePage pitched his plan to reform Maines tax system and realign the states spending priorities in a town hall forum at Edward Little High School on Wednesday. LePage announced he intends to put a statewide ballot measure before voters in 2016 that would ask them to amend the Maine Constitution to eliminate the states income tax for good. He told Eileen Heidrich of Turner that that way he would be sure his goal to end the states income tax completely could not be undone by politicians in Augusta. We are working on the language; weve...
  • Income Transfer, Not Income Tax

    04/16/2015 3:58:48 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 16, 2015 | Jackie Gingrich Cushman
    Campaigning for reelection, President Barack Obama often talked about the importance of everyone paying their "fair share" of taxes. The assumption was that there was general agreement about what fair share means. The underlying message is that those who earn more should pay more than they already are; that what the top 10 percent are paying is just not enough. This week, a Wall Street Journal article titled "Top 20 Percent of Earners Pay 84 Percent of Income Tax" by Laura Saunders provides a different perspective than we are used to hearing regarding who pays what income taxes. Nearly "half...
  • Tax Day 2015: Why Is April 15 The Deadline To Pay Taxes?

    04/14/2015 8:30:28 PM PDT · by Tolerance Sucks Rocks · 32 replies
    Tech Times ^ | April 14, 2015 | Laura Rosenfeld
    Though they may seem like it, the dates that holidays fall on aren't usually random. They typically commemorate a significant event that happened on or around that day. Obviously, this makes sense. However, it's hard to guess why April 15 was chosen as Tax Day, the deadline for filing and paying your taxes. The 16th Amendment, which instituted a national income tax, was passed by Congress on July 2, 1909 and ratified on Feb. 3, 1913, but neither of these days made the cut to be the Tax Day. What gives? If the April 15 deadline to file and pay...
  • (Democrat Governor) Wolf wants Pennsylvania income, sales tax increase

    03/03/2015 1:07:25 AM PST · by prisoner6 · 26 replies
    Pittsburgh Post-Gazette ^ | March 3, 2015 | Karen Langley
    Gov. Tom Wolf is expected to call today for the Republican-controlled General Assembly to send him a budget that boosts state education funding and provides relief for school district property taxes while raising the rates of the sales and personal income taxes. His plan for doing so includes a proposal to raise the personal income tax rate in July 2015 from 3.07 percent to 3.7 percent, while increasing the eligibility for a poverty exemption, according to a briefing document prepared by the administration. He will propose increasing the state sales tax in July 2016 from 6 to 6.6 percent while...
  • Tax question - Smart Freepers help wanted

    02/25/2015 7:08:55 PM PST · by SolidRedState · 20 replies
    ME | 2/25/15 | SolidRedState
    Received a mostly property inheritance. Had to sell off some to pay the inheritance tax. Inheritance is not taxable as income. Inheritance tax is not deductible as an expense. There were no capital gains on the sale. Does the sale count as income? Tax appointment in 3 weeks and it is just bothering me. I cannot stand the suspense. I think it would not count since it was part of the inheritance and the inheritance tax was paid.
  • The income tax started as a conservative political stunt

    02/03/2015 7:24:16 PM PST · by Tolerance Sucks Rocks · 21 replies
    Business Insider ^ | February 3, 2015 | Christina Sterbenz
    The US officially adopted the federal income tax 102 years ago today. The Supreme Court had ruled in 1895 that the income tax violated Article I of the Constitution, so the amendment was necessary to empower the federal government to impose the income tax. But the story of the income tax goes back much further than 1913, culminating in some sneaky political maneuvering. Conservatives who aren't the biggest fans of the income tax actually introduced the 16th amendment. They figured it would never pass hoped its introduction would stop liberals from pushing for an income tax as part...
  • Compulsory income tax on Christians drives Germans away from Protestant and Catholic churches

    02/02/2015 4:40:20 PM PST · by SeekAndFind · 46 replies
    The Telegraph ^ | 02/02/2015 | By Justin Huggler
    Hundreds of thousands of German Christians are formally renouncing their faith and leaving the church in order to escape a controversial change in the tax laws. Up to 200,000 Germans are believed to have filed official declarations last year renouncing their membership of the Protestant church, the highest number in almost two decades. A similar number are thought to have left the Catholic Church. Church members in Germany are required by law to pay tax to fund church activities, which is collected by the government. Under German law, anyone who was baptised as a child is automatically a member of...
  • Ending Charitable Deductions to Feed the Leviathan State

    01/16/2015 5:27:05 PM PST · by BlatherNaut · 29 replies
    Crisis Magazine ^ | 1/15/15 | John M. Grondelski
    Indiana University professor Fran Quigley urges, in the progressive Catholic magazine Commonweal, an end to deductibility of charitable contributions against federal income taxes. His argument rests primarily upon the twin beliefs that the U.S. social safety net is too thin and that lost revenues from charitable contribution deductibility would be better spent on governmental social welfare programs. His arguments, while couched in Catholic social justice language, pay virtually no attention to a key principle of Catholic social teaching: the principle of subsidiarity. Furthermore, he has a proclivity to regard as matters of justice programs that can also arguably be deemed...
  • Affordable Care Acts Tax Effects Now Loom for Filers

    12/26/2014 8:39:15 AM PST · by Theoria · 35 replies
    The New York Times ^ | 25 Dec 2014 | Tara Siegel Bernard
    If you decided to skip health insurance this year, consider this: Unless you can prove you have a valid excuse, you will be liable for a penalty during the coming tax season and the time to start making your case is now. Thats not all. People who bought subsidized insurance through one of the marketplaces may have new tax forms to complete, while paying the penalty itself may demand some serious number-crunching. The Internal Revenue Service is gearing up to answer questions, but it warns that only half of the callers may get through and those who succeed...
  • Economics Profs Claim a Ninety Percent Income Tax Rate Would Help the Rich

    11/22/2014 5:45:04 PM PST · by SeekAndFind · 61 replies
    College Insurrection ^ | 11/22/2014 | Aleister
    It sounds like these professors graduated from the redistributive school of economics.Christopher White of the College Fix reports. Ninety percent income tax rate would help the rich, economics professors claim Opposing economist asks why disincentives in carbon tax wouldnt apply to income taxEconomists at the University of Pennsylvania and University of Bonn argue that the United States would be better off if well-heeled citizens paid the kind of high tax rates not seen since the Eisenhower administration.According to a working paper by Bonns Fabian Kindermann and Penns Dirk Krueger published by the National Bureau of Economic Research, going back...
  • Tennesseans to vote on banning income taxes

    10/15/2014 12:32:04 PM PDT · by Bettyprob · 10 replies
    The Washington Examiner ^ | 10/15/2014 | Sean Higgins
    Most voters in Tennessee pay no income or payroll taxes. Next month, they will decide whether they want that to remain that way. A state ballot referendum, Amendment 3, would write prohibitions of both income and payroll taxes into the state constitution, pushed by anti-tax advocates who are worried about previous government efforts to add an income tax. For the foreseeable future, there is little chance of either tax being added in the Volunteer State. The Republicans control both the statehouse and the governor's mansion, and no one expects them to endorse either levy. Nevertheless, anti-tax advocates are concerned that...
  • Dallas Fed Reserve Pres: Fed Govt Should Get Their Act Together and Be More Like Texas

    09/29/2014 3:05:27 AM PDT · by Olog-hai · 4 replies
    Fox News Insider ^ | Sep, 28, 2014 1:31 pm
    Despite struggling with the ongoing border crisis, Texas is the number three state in terms of job growth, creating more than 20,000 jobs in August alone, with an unemployment rate of just 5.3%. So, what is Texas doing right? [] (President and CEO of the Federal Reserve Bank of Dallas, Richard) Fisher explained that Texas is way ahead of much of the nation economically largely due to its highly diversified economy, pro-business government and lack of income tax.
  • FairTax and unFair Movie Update

    09/10/2014 6:56:04 PM PDT · by Taxman · 59 replies
    Tennessee Valley Republican Club ^ | 11 June 2014 | Written by Ralph Weber
    A team of acclaimed filmmakers is spearheading Unfair, a ninety minute documentary motion picture intended for all audiences. It will be the first major theatrical documentary to shed light on the certain damage the Income Tax and the IRS have wrought on our liberties, our businesses, our families, and our religious, charitable and civic organizations, while empowering a political agenda contrary to Americas heritage. This film will be promoted to mainstream audiences based on its factual and dramatic content. In addition, the Picture will be marketed heavily to interested grassroots audiences that identify themselves strongly with any and all of...
  • Shock: Several 'blue' states are cutting taxes on the rich to spur growth.

    08/15/2014 4:19:19 AM PDT · by IBD editorial writer · 2 replies
    Investor's Business Daily ^ | 08/14/2014 | IBD Staff
    Tax Reform: A new report finds several states that helped elect President Obama are doing something he won't implementing pro-growth tax policies to get their economies moving. Is the White House paying attention? You wouldn't expect a solidly blue state like Maryland which hasn't voted for a Republican presidential candidate since Reagan to be cutting taxes for the rich. But in their last legislative session, Maryland lawmakers passed a plan to raise the estate tax exemption almost fivefold over the next five years, according to the latest annual "Rich States, Poor States" report from the American Legislative...
  • The Original Tea Partiers: How GOP Insurgents Invented Progressivism

    07/22/2014 12:27:55 PM PDT · by Borges · 15 replies
    The Atlantic ^ | 7/22/2014 | MICHAEL WOLRAICH
    Wisconsin Senator Robert La Follette and his supporters pioneered long-shot primary challenges, strong ideology, and populist rhetoric a century ago.
  • RAHN: The end of the progressive income tax

    07/10/2014 5:40:08 AM PDT · by 1rudeboy · 83 replies
    Washington Times ^ | July 7, 2014 | Richard Rahn
    July 1 might go down in history as the beginning of the end of the comprehensive, progressive income tax. A progressive income tax, in which the government attempts to tax all labor income and capital income, such as interest, dividends and capital gains more than once, cannot help becoming so complex that it eventually dies of its own weight. This is particularly true when the government attempts to tax the worldwide income of its tax persons rather than the income located in its own territory. The complexity is caused by the never-ending attempt to define what income is and what...
  • Clinton cant stop gaffes on crony capitalism

    06/23/2014 8:42:44 AM PDT · by PoloSec · 17 replies
    Washington Examiner ^ | June 23 2014 | Chris Stirewalt
    CLINTON CANT STOP GAFFES ON CRONY CAPITALISM Can Hillary Clinton, who says she and her husband went on from being dead broke in 2001 to rake in an estimated $155 million, run for president as the nominee of a party that is obsessed with income inequality? No problem, she told The Guardian, because the Clintons pay their taxes. The Democratic 2016 frontrunner dismissed the idea that voters would see a corporate-connected candidate with a nine-digit income in the past decade as part of the problem: But they don't see me as part of the problem, she protests, because we pay...
  • 5 Scandalous Obamacare Horror Stories

    10/19/2013 3:51:29 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | October 19, 2013 | John Hawkins
    Obamacare is hurting people. A lot of people -- and not just the ones who are wasting all day trying and failing to sign up for the dysfunctional 600 million dollar website. Millions of Americans are losing their insurance, losing their doctors, and taking huge hits to their wallets because of Obamacare. Here are some of their stories... 1) Man with leukemia loses his health insurance: Michael Cerpok is a high school drop-out, one of six kids born to a school teacher, and doesn't come from a wealthy family. He has run two businesses for more than 25 years and...
  • Flex spending accounts face hit in health overhaul(aka possible new Tax)

    11/01/2009 8:18:32 AM PST · by janetjanet998 · 32 replies · 1,339+ views
    WASHINGTON Those tax-free spending accounts that you and your co-workers use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress unless a coalition that includes a powerful union, insurers and others can stop it. Bills in the House and Senate would cap at $2,500 an employee's allowable annual contribution to a health care flexible spending account. There is no federal cap on contributions now, though companies that offer the accounts more than 80 percent of companies employing 500 or more workers do typically impose...
  • IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

    01/31/2013 2:43:47 PM PST · by rhema · 250 replies
    CNS News ^ | January 31, 2013 | Matt Cover
    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for family of five will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. The annual national...
  • Health Reform Breaks Bad: The deceptions and disasters of Obamacare

    10/13/2013 11:58:48 PM PDT · by 2ndDivisionVet · 15 replies
    The Weekly Standard ^ | October 21 - October 28, 2013, Vol. 19, No. 07 | Christopher J. Conover
    Breaking Bad is the story of a seemingly well-intended but very misguided man who turned to cooking meth in order to amass enough wealth to provide for his family once he dies of cancer. The consequences of that unfortunate decision—not to mention the lies and deceptions to keep it on track—pyramid alarmingly over the course of five seasons, culminating in mayhem and a head-spinning body count. Obamacare isn’t a TV drama. But it will unleash its own tsunami of unintended consequences: more than a million jobs lost, an economy increasingly made up of part-time workers, higher health spending (at least...
  • How Obamacare Will Shrink the Labor Supply (freeloaders jazzed)

    10/14/2013 2:38:30 PM PDT · by Libloather · 4 replies
    National Review ^ | 10/14/13 | Veronique de Rugy
    Under the Affordable Care Act, someone making less than 138 percent of the poverty line qualifies for Medicaid, and someone between 138 and 400 percent of the poverty line is qualified to receive a federal tax subsidy for health insurance bought on a government exchange. But here is the problem: premiums will rise for millions of Americans because of requirements that policies provide certain benefits that they didnt offer before. This means plenty of people will now have a pricier plan, and no way to defray the cost. My colleague Chuck Blahous sends me this piece from SFGate that gives...