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Keyword: salestax

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  • Who Has the Magic Plan to Stop the New Jersey Exodus?

    11/29/2014 10:16:01 AM PST · by SeekAndFind · 61 replies
    Pajamas Media ^ | 11/29/2014 | ROD KACKLEY
    New Jersey’s openly gay state assemblyman, who was called “numbnuts” [1] in 2012 by Gov. Chris Christie (R), thinks he can do what Christie has never been able to do, numb or not: get New Jerseyans to stay in New Jersey.Assemblyman Reed Gusciora’s (D) solution is astoundingly simple. He wants to offer state home and business owners the opportunity to slash their property taxes by 25 percent.The New Jersey Legislature would then be tasked with figuring out how to make up the difference through budget cuts.The best Christie has been able to offer is a cap on future property...
  • Ted Cruz’s Plan for Internet Freedom? A Permanent Internet Tax Ban

    11/20/2014 4:29:45 PM PST · by 2ndDivisionVet · 11 replies
    NextGov ^ | November 20, 2014 | Dustin Volz
    Sen. Ted Cruz is lobbying hard to prevent government regulation of the Internet, but one measure the Texas Republican supports is expected to create a sizeable budget hole for his state. Cruz, a likely presidential candidate in 2016, spent ample time last week promoting a permanent extension to an expiring ban on federal, state, and local taxation of Internet access that is currently being considered in Congress. The measure, which passed the House earlier this year, is popular in both parties and considered a lame-duck "must pass," as the ban is set to lift on Dec. 11. But a lesser-known...
  • Japan's slip into surprise recession paves way for tax delay, snap poll

    11/17/2014 1:28:46 PM PST · by SeekAndFind · 6 replies
    Reuters ^ | 11/17/2014 | LEIKA KIHARA AND LINDA SIEG
    Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The recession comes nearly two years after Abe returned to power promising to revive the economy with his "Abenomics" mix of massive monetary stimulus, spending and reforms, and is unwelcome news for an already shaky global economy. Gross domestic product (GDP) shrank by an annualised 1.6 percent in July-September, after plunging 7.3 percent in the second quarter following a rise...
  • Japan in recession as economy contracts 1.6 pct

    11/16/2014 5:38:02 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Nov 16, 2014 8:30 PM EST | Elaine Kurtenbach
    Japan reported Monday that its economy contracted at a real annual rate of 1.6 percent in July-September, in a second straight quarterly decline that returned the country to recession. A 24.1 percent plunge in private residential investment from a year earlier failed to offset a modest recovery in exports and a 1.5 percent increase in household spending. Most economists had forecast that the world’s third-biggest economy would expand at about a 2 percent pace. The negative growth figure was much lower than expected and makes it very likely Prime Minister Shinzo Abe will delay implementation of a sales tax hike...
  • Amazon to collect Minnesota sales tax starting Oct. 1

    09/23/2014 2:13:50 PM PDT · by TurboZamboni · 12 replies
    MPLS Star & Sickle ^ | 9-23-14 | KAVITA KUMAR
    Amazon.com Inc. will begin collecting sales taxes from Minnesota customers next week, ending a cost advantage it’s enjoyed over brick-and-mortar retailers in the state. The news also triggered a mystery. Online-only retailers don’t need to charge sales tax in Minnesota unless they have physical presence or affiliated business here. Monday’s revelation led to speculation that Amazon may open a warehouse, data center or some other operation in the state or buy an existing firm. The company was vague about what prompted the change, though it said it “will be required” to do so starting Oct. 1. “We’re considering various opportunities...
  • Japan’s economy shrinks as tax hike hits spending

    08/12/2014 10:26:58 PM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Aug 13, 2014 1:00 AM EDT | Yuri Kageyama
    The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday. Japan’s gross domestic product, or the total output of goods and services, also contracted 1.7 percent during the April-June period from the previous quarter. The decline in GDP was the worst since the March 2011 tsunami and quake disaster in northeastern Japan. In the first quarter of 2011, Japan’s economy shrank at an annual rate of 6.9 percent. The weak figures were expected as consumers and businesses...
  • Scott Walker endorses Doug Ducey in Arizona governor’s race

    05/18/2014 2:19:24 PM PDT · by ObamahatesPACoal · 6 replies
    The Washington Post ^ | Sean Sullivan
    Wisconsin Gov. Scott Walker (R) is wading into the crowded Arizona governor's race by throwing his support behind state treasurer Doug Ducey (R) Wednesday morning. "Doug Ducey demonstrates the kind of conservative, common-sense leadership that our party needs in Arizona," Walker said in a statement shared with Post Politics by Ducey's campaign. "He’s not afraid of taking on tough challenges, and that’s why I know he’d be a great Governor."
  • 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...
  • The Japanese Sales Tax Hike Verdict Is In: Disaster As Sales Plunge 25% (Are you watching, America?)

    04/09/2014 9:39:24 AM PDT · by SeekAndFind · 24 replies
    Zero Hedge ^ | 04/09/2014 | Tyler Durden
    On April 1, as was widely known, Japan raised its sales tax from 5% to 8% - a move many dread could unleash a recession as happened the last time Japan hiked a consumption tax in 1997. A week later the verdict on just how much consumption was frontloaded ahead of the hike is in, as we get the first sales data on the ground. The result is, in short, a disaster: overnight the Nikkei reported that Japanese department store Takashimaya’s revenue in April 1-7 period crashed 25%!  We for one can't wait to see what Japan's Q2 GDP...
  • Gas Tax Hike Touted for Transportation Woes

    03/29/2014 12:53:47 PM PDT · by JeepersFreepers · 19 replies
    WOAI News Radio San Antonio ^ | March 21, 2014 | Jim Forsyth
    The Texas Legislature’s point man [Drew Darby] on transportation funding says Texas motorists need to understand that a higher gas tax would be a more 'open and transparent' way of dealing head on with the state's transportation crisis than the 'congestion tax' that motorists are currently paying every day. "I think we need to revert to pay as your go," State Rep. Drew Darby (R-San Angelo) told the San Antonio Mobility Coalition."Nine times members of the Legislature have raised the gasoline tax to pay for our transportation infrastructure, but that hasn't happened since 1991. Lawmakers over the past several years...
  • Time to scrap the mortgage interest deduction: Simplify the Tax Code and Lower Tax Rates for All

    03/28/2014 7:03:46 AM PDT · by SeekAndFind · 129 replies
    Washington Examiner ^ | 03/27/2014 | Philip Klein
    In the coming weeks, Americans will spend an average of 13 hours and $210 to prepare their federal taxes. Beyond the compliance burden the federal tax code imposes, it also distorts economic activity and discriminates against some taxpayers in favor of others. But one of its most egregiously unfair provisions is also among its most popular - the mortgage interest deduction. In theory, the mortgage interest deduction is supposed to encourage home ownership, a questionable goal for government to begin with. The purpose of taxes is to raise money to finance government services, not to manipulate human behavior or economic...
  • Whither sales tax? New Alabama 'local nexus' rule changes who owes what to whom

    01/04/2014 11:48:15 AM PST · by virgil283 · 6 replies
    al.com ^ | December 12, 2013 | Alex Walsh
    "A new rule in the Alabama tax code that went into effect at the end of last month will change the way some companies collect and remit sales taxes....Put simply, the new rule's aim is to have businesses pay taxes to the county and city governments in places where they do business.",,,In short if you want the store to deliver that refrigerator to your home, now they won'tbecause this requirement costs them time and money.....the state has not announced this and retailers don't know but are liable.,,,,
  • War on Christmas Starts Early

    11/18/2013 10:20:31 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | November 18, 2013 | Dan Holler
    As the holiday shopping season approaches, consumer may find an unlikely adversary: the retail industry. According to reports, “big retailers like Walmart and Apple ramp up their holiday ads early this season” and “Representatives from leading retail associations name online sales tax legislation as a chief concern for their members right now.” That’s right, the retail industry is targeting online Christmas shopping. What proponents misleadingly call the “Marketplace Fairness Act” would significantly increase the cost of buying goods on the Internet. The bill would force online businesses to collect and remit sales tax based on each customer’s location. Put another...
  • Massachusetts to begin collecting sales tax from Amazon

    10/31/2013 11:36:04 AM PDT · by matt04 · 16 replies
    Massachusetts residents have only a few days of tax-free shopping left on Amazon.com. Beginning Friday, the state will apply its 6.25 percent sales tax to purchases made from Amazon, though the tax will not apply to third-party vendors who use the site. The state reached an agreement with Amazon last year. Owners of traditional "brick and mortar" stores have long complained of being at a competitive disadvantage to online retailers who are not required to collect sales taxes. State revenue officials tell The Boston Globe the tax on Amazon purchases is expected to raise nearly $37 million for the state...
  • Commissioners discuss sales tax increases in Ohio

    08/02/2013 2:27:33 PM PDT · by Pontiac · 14 replies
    The Herald-Star ^ | July 18, 2013 | MARK LAW
    Jefferson County commissioners on Wednesday were informed the sales tax in the county will be going up 0.25 percent on Sept. 1. The state Legislature voted to increase the state sales tax to 5.75 percent. Coupled with the county's 1.5 percent sales tax, purchases made in Jefferson County will have a 7.25 percent sales tax. County Commissioner Tom Gentile expressed some displeasure with the announcement. Gentile said the state's budget surplus has grown to $1.5 billion, the state has taken money away from local governments and then is raising the state sales tax. The Ohio Department of Taxation is mailing...
  • Flat tax? Sales tax? Value-added tax? (What's your preferred tax fix?)

    07/17/2013 6:56:04 AM PDT · by SeekAndFind · 124 replies
    Washington Times ^ | 07/17/2013 | Richard Rahn
    What type of tax reform do you want? Simplification of the existing progressive income tax system? A flat tax? A sales tax? A value-added tax? Tax professionals, economists, elected officials and others heatedly debate the pros and cons of each. However, it is unlikely that real tax reform will occur until the financial crisis gets so bad that most people will agree to radical change. Most tax reform discussions and debates lead with the premise that any new tax system has to raise roughly as much revenue as the present system. Why should that be? Currently, the federal government spends...
  • Top 10 bogus arguments for the Marketplace Fairness Act

    06/02/2013 10:45:37 AM PDT · by Valpal1 · 8 replies
    Rstreet ^ | May 1, 2013 | Andrew Moylan
    Whenever there are tens of millions of dollars worth of lobbying muscle behind a piece of legislation, folks seem willing to say just about anything to make a case for it. The Marketplace Fairness Act, the misguided legislation to allow states to enforce their tax laws on out-of-state businesses, is but the latest example. Here are the top 10 bogus arguments in favor of the bill.
  • IRS Worker Used Federal Plastic For Amazon Buys [she did this for four years without punishment]

    05/21/2013 3:10:36 PM PDT · by grundle · 64 replies
    The Smoking Gun ^ | May 21, 2013
    Entrusted with a government credit card, an Internal Revenue Service worker allegedly used the plastic for a years-long Amazon.com shopping spree that netted her hundreds of items, including a chocolate fondue fountain; Bollywood movies; Pampers; Harlequin romance novels; Omaha Steaks; Apple Bottoms skinny jeans; mango body wash; and a Ginsu knife set. According to a court filing, Oseni was given a Citibank MasterCard for the “purchase of office supplies for her business unit.” However, a probe by the Treasury Department’s inspector general determined that Oseni has made scores of unauthorized purchases since being provided the IRS credit card in mid-2009....
  • S 122 - A bill to abolish the IRS and establish a sales tax

    05/21/2013 8:10:25 AM PDT · by Westbrook · 57 replies
    Vanity ^ | May 21, 2013 | Westbrook
    S. 122: Fair Tax Act of 2013 Summary: A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. More info ... http://www.govtrack.us/congress/bill.xpd?bill=s113-122 93% support out of 836 votes as of this post.
  • The IRS Non-Scandal Calls For a National Sales Tax (Scrap the income tax code altogether)

    05/17/2013 7:32:38 AM PDT · by SeekAndFind · 72 replies
    RCM ^ | 05/17/2013 | John Tamny
    <p>As seemingly every sentient being now knows, the Internal Revenue Service (IRS) has apparently been selective when it comes to the entities its agents scrutinize. Tea Party groups in particular (organizations known to be less sympathetic toward the IRS) seem to have generated abnormal amounts of attention from it.</p>