Keyword: tax

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  • Federal judge in Texas strikes down Affordable Care Act.

    12/15/2018 4:53:09 AM PST · by carriage_hill · 47 replies
    NBC News ^ | 12/14/2018 | By David K. Li
    In a ruling sure to be appealed to Supreme Court, Texas court says the ACA, also known as Obamacare, can no longer stand without the penalty against the uninsured. A federal judge in Texas struck down the Affordable Care Act on Friday night, ruling that former President Barack Obama's signature domestic legislation has fallen down like a losing game of "Jenga." But the White House said that with the ruling expected to be appealed to the U.S. Supreme Court, the law will remain in place for now.
  • California Now Wants to Tax Your Text Messages. Here's Why

    12/12/2018 9:52:00 AM PST · by SeekAndFind · 56 replies
    Fortune ^ | 12/12/2018 | Lucas Laursen
    Have you found yourself texting people instead of calling them? Sure. Have you stopped to debate whether texting is a form of “telecommunications” or an “information service?” Chances are the answer is “no”. California’s Public Utilities Commission (PUC) is betting you haven’t either — and the difference matters because the commission has jurisdiction over telecommunications, which includes telephone calls. What’s more, it wants to extend an existing tax on calls to include text messages, the Mercury News reports. Should it get its way, then Californians may soon be taxed on every text they send from their cell phones. Gather round,...
  • France - Clash Between Yellow Jackets vs. Police Show Medieval Violence Level

    12/06/2018 12:46:58 PM PST · by gaijin · 37 replies
    Twitter ^ | Dec 6th, 2018 | Twitter
    30 second daytime video shows high level of street violence: Constant shower of rocks, use of trucheons, gate barricades are thrown --a high level of energy. If you see the clip, you could say this looks vaguely revolutionary. I also heard a ZeroHedge claim that 90,000 troops will be deployed across France.
  • Feds show up at former Trump tax attorney Ed Burke's office, block off windows with brown paper

    11/29/2018 9:55:14 AM PST · by tcrlaf · 93 replies
    WKBW ^ | 11-29-2018 | Scripps
    Brown paper covered the windows of Ed Burke's office at Chicago City Hall on Thursday after federal agents showed up there. Burke, who is the City Council Finance Committee chairman in Chicago, once served as President Donald Trump's property tax attorney, the Chicago Sun-Times reports. Klafter & Burke, his firm, has often sought to reduce the property taxes Trump Tower and other commercial properties have to pay. The visit from federal agents was unannounced, and it has not been said why they might be there. Upon their arrival, everyone in the office was asked to leave, witnesses told WLS television...
  • TEN OBSERVATIONS ABOUT THE FRENCH PROTESTS

    11/26/2018 3:13:12 AM PST · by servo1969 · 23 replies
    Power Line ^ | 11-25-2018 | PAUL MIRENGOFF
    John has written about the protests against the French government of Emmanuel Macron, protests that turned violent this weekend. I want to add the following observations:First, the protests weren't just this weekend, although that's when they turned up on the U.S. radar. One of my daughters was in Paris on business last weekend (the weekend before Thanksgiving) and observed some of the disruption. It's estimated that 280,000 people protested throughout France last weekend and more than 100,000 protested this weekend. Second, news reports say that the protesters are not among France's more "marginalized citizens." That's true in some senses....
  • Escaping Serfdom

    11/19/2018 4:15:39 AM PST · by vannrox · 6 replies
    international man ^ | FR post 19NOV18 | Editorial staff
    The concept of government is that the people grant to a small group of individuals the ability to establish and maintain controls over them. The inherent flaw in such a concept is that any government will invariably and continually expand upon its controls, resulting in the ever-diminishing freedom of those who granted them the power. When I was a schoolboy, I was taught that the feudal system of the Middle Ages consisted of serfs tilling small plots of land that belonged to a king or lord. The serfs lived a meagre life of bare subsistence and were subject to the...
  • Reports: Growing number of $100,000-plus public pensions in Illinois cost taxpayers

    10/30/2018 7:02:10 AM PDT · by AT7Saluki · 23 replies
    Illinois News Network ^ | 10/30/18 | Greg Bishop
    Two recent studies of public sector pay and retirement benefits show tens of thousands of retired Illinois public employees making six-figures or more in all levels of government, dwarfing figures from states with more people. ... Illinois has more than $130 billion in unfunded pension debt for its five state-run pension systems. Adding in other post employment benefits, that number climbs to more than $200 billion. Municipal governments in Illinois also are struggling with unfunded pension liability. Some report using most, if not all, of their share of property taxes to pay pension costs. Taxpayers United of America said Illinois’...
  • In Democratic tax plan, the middle class pays while rich find shelters

    10/18/2018 1:07:11 PM PDT · by therightliveswithus · 6 replies
    The Hill ^ | 10/18/2018 | Kristin Tate
    Planning to vote in November? Ambivalent about the two parties? Well, if you’re concerned about wealthy individuals moving their money offshore to prevent paying income taxes — and forcing you to pay more — then you have just one choice: Vote for Republicans. The same goes if you’re concerned about the middle and working classes being burdened by new taxes and deficit spending. Remember, any plan that talks about taxing the rich means that the dollars will come out of your pocket. Yes, Republicans are the only party whose policies will prevent billions of dollars from being patriated overseas to...
  • San Francisco Is Considering A Revenue Tax To Fight Homelessness

    10/15/2018 10:37:17 AM PDT · by SeekAndFind · 57 replies
    Hotair ^ | 10/15/2018 | John Sexton
    Earlier this year Seattle passed and then, a month later, rescinded a head-tax which would only have applied to the wealthiest companies in the city, places like Amazon and Starbucks. The intent was to raise as much as $40 million a year to fight the homelessness problem the city is struggling with. Next month, San Francisco will vote on a similar proposal. Proposition C is meant to raise as much as $300 million a year from top-earning companies in the city and will spend that money in addition to the $380 million San Francisco is already spending to fight...
  • The creative accounting that allowed Jared Kushner to dodge paying income taxes is totally legal

    10/14/2018 3:15:33 PM PDT · by Innovative · 69 replies
    Business Insider ^ | Oct. 14, 2018 | Ellen Cranley
    A Saturday report from The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 using legal tax mechanisms. An IRS policy known as depreciation is a deduction Kushner Cos. used to diminish its taxable income on properties largely bought with borrowed money. Though not illegal, the filings show how real estate tax codes leave room for profitable maneuvering. The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 — without...
  • What Do The Worst-Run States Have In Common? They're Run By Tax-And-Spend Democrats

    10/10/2018 7:54:25 AM PDT · by ChicagoConservative27 · 13 replies
    investors ^ | 10/09/2018 | N/A
    Fiscal Sanity: Which political party is better at managing taxpayer dollars? The latest ranking of states' fiscal condition offers an unequivocal answer. For several years, the Mercatus Center at George Mason University has ranked states based on five measures of their financial condition: cash solvency, budget solvency, the ability to meet long-term spending commitments, state spending and taxes as a share of personal income, and unfunded pension liabilities and debt. And lest anything think that Mercatus — a free-market-oriented group — is fudging the numbers, note that the data used to compile these rankings all come from official state annual...
  • Elizabeth Warren tax returns may have fake deductions; Gives unequal pay to women staffers

    10/07/2018 2:34:55 AM PDT · by monkeyshine · 14 replies
    Yahoo Finance / Fox Business ^ | October 4, 2018 | Fox Business Videos
    MA Senate challenger Geoff Diehl (R) discusses new report that Sen. Elizabeth Warren (D-MA) had faked and inflated tax deductions on her IRS tax returns. Video only, summary below: https://finance.yahoo.com/video/elizabeth-warren-tax-returns-may-231229689.html
  • Dems to Farm Workers: ‘No, No Puedes’

    09/21/2018 6:08:47 AM PDT · by Twotone · 11 replies
    American Spectator ^ | September 20, 2018 | Steven Greenhut
    It’s taken nearly five years of administrative battles, legislative interference, and lawsuits, but the California state government has finally counted farm workers’ votes in a union election at the state’s largest fruit grower, Fresno-based Gerawan Farming. The final verdict, tallied on Tuesday, explains why the Jerry Brown administration and Democratic statehouse leaders did everything in their power to destroy the votes without counting them. The margin: 1,098 workers voted “no” to the United Farm Workers, with only 197 workers voting in favor of UFW representation. There still are 635 disputed ballots, but even the math geniuses in Sacramento can see...
  • Free Trade - The Spirit Of The Ocean

    09/15/2018 6:19:08 AM PDT · by Ozguy1945 · 2 replies
    Youtube ^ | 15 September 2018 | Geoff Fox
    Chinese power is expanding. Chinese claims to the South China Sea are not going to go away in a hurry. At the moment, American power represents a restraint on Chinese expansion. It is not clear how that will hold into the future. In his landmark foreign policy speech in April 2016 candidate Trump said, “……our resources are totally over extended. ……. the U.S. must be prepared to let these (European and Asian) countries defend themselves. We have no choice.” My unique country, Australia, a predominantly European nation on the edge of Asia, does have very deep emotional, cultural and historical...
  • Fix Our Damn Roads measure on the November ballot ( Colorado )

    08/23/2018 7:59:13 AM PDT · by george76 · 33 replies
    Independence Institute ^ | August 22, 2018 | Jon Caldara
    For too long the state has held our roads and bridges hostage while increasing spending on other priorities like Medicaid expansion, hoping we taxpayers get so frustrated by traffic we’ll agree to a tax increase. Well, this fall voters will have a choice. As the Denver Chamber of Commerce pimps a 21% state sales tax increase for transit, roads and a slush fund for cities, there will be an alternative as our Fix Our Damn Roads initiative will also be on the ballot. It will force the state to use its large surplus funds and re-prioritize less than 2 percent...
  • Xcel ratepayers would get a bum deal under Colorado Energy Plan

    08/04/2018 11:47:24 AM PDT · by george76 · 13 replies
    Colorado Politics ^ | August 2, 2018 | Amy Oliver Cooke
    Late last summer, and with great fanfare, Xcel Energy announced its proposal to close the Comanche I & II power units in Pueblo a decade ahead of schedule. They offered as replacement the euphemistically titled “Colorado Energy Plan” , a massive $2.5 billion fuel-switching scheme to move its Colorado customers away from baseload, reliable hydrocarbons in favor of intermittent renewables. ... the Minneapolis-based monopoly utility will force captive ratepayers to cough up at least another $287 million. That’s on top of the modeling errors we already found in their accounting, and Xcel acknowledged. In other words, ratepayers will pay higher...
  • Memo To President Trump: Listen To Larry Kudlow And Fix The Unfair Capital Gains Tax

    08/01/2018 9:00:31 AM PDT · by SeekAndFind · 19 replies
    IBD ^ | 08/01/2018
    A few months before he became President Trump's top economic advisor, Larry Kudlow wrote a column urging Trump to index capital gains taxes to inflation. Thankfully, the Trump administration appears to be listening. Not only would indexing fix a glaring problem in the tax code, it would add still more juice to the economy. In a column published by IBD last August, Kudlow called the lack of inflation adjustment for capital gains taxes "an unfair and misguided policy that punishes risk and success." He said Trump "should use his executive authority — as he so often has to drain the...
  • Resistance-Backed Cynthia Nixon: Taxing Rich for Single-Payer System ‘Not Pipe Dream’

    07/31/2018 5:42:30 AM PDT · by ChicagoConservative27 · 42 replies
    brietbart ^ | 07/31/2018 | Tony Lee
    New York gubernatorial candidate Cynthia Nixon touted her plan to tax the “ultra-rich” to pay for a single-payer healthcare system after one of the most prominent anti-Trump Resistance groups endorsed her on Monday. The Indivisible movement endorsed Nixon, saying that New Yorkers could count on Nixon to “stand up from progressive values” when “basic human rights” are “under constant threat.” “I am thrilled to receive the endorsement of Indivisible and work together to transform the Democratic Party into one that fights for progressive values and not just big corporate donors,” Nixon reportedly said. “We need bold progressive leadership in the...
  • Elizabeth Warren eyes 50% tax rate, says Dems will end Trump tax cuts if they take back Congress

    07/25/2018 7:25:36 PM PDT · by E. Pluribus Unum · 97 replies
    Biz Pac Review ^ | July 25, 2018 | Samantha Chang
    Elections have consequences. Just Senator Elizabeth Warren, who suggested that a 50% to 90% personal income tax rate for Americans is not out of the question. Warren made the shocking admission in an interview with CNBC. Warren also promised that Democrats will end President Trump’s tax cuts if they take control of Congress in November 2018. CNBC’s anti-Trump pundit, John Harwood, asked Warren: “If Democrats take the Congress…would you like to see these corporate tax cuts repealed?” Senator Warren replied: “Yeah, I really want to see them rolled back.” Question: “Back to 35%?” Warren replied: “Well, it’s not about the...
  • Treasury, IRS reveal a postcard-size form to file your taxes

    06/29/2018 3:28:31 PM PDT · by Innovative · 44 replies
    CNBC ^ | June 29, 2018 | Liz Moyer
    The GOP's long-promised change is an offshoot of a tax overhaul last year that cut corporate rates and winnowed down the number of individual tax brackets. On Friday, the Treasury Department and IRS unveiled the new postcard, which will replace the current forms 1040, 1040A and 1040 EZ.