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Keyword: taxes

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  • Mail carrier admits stealing $443,000 in tax refund checks

    04/30/2016 2:20:36 PM PDT · by lowbridge · 49 replies
    Cbs ^ | April 29, 2016
    Champagne delivered mail in Pennsauken. Prosecutors say he admitted stealing 72 U.S. Department of the Treasury checks totaling $443,000 and giving them to other people, who weren't named in court documents. Fishman says those people paid Champagne $50 per stolen check in 2014. Each charge carries a maximum penalty of 15 years in prison. Sentencing is Aug. 3.
  • One Top Taxpayer Moved, and New Jersey Shuddered

    04/30/2016 10:36:42 AM PDT · by reaganaut1 · 38 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 Jersey’s finances, one could sense the alarm. The state’s wealthiest resident had reportedly “shifted his personal and business domicile to another state,” Frank W. Haines III, New Jersey’s legislative budget and finance officer, told a State Senate committee. If the news were true, New...
  • Why Over Half of Prince's Estate Will Go To The Government

    04/29/2016 11:51:58 AM PDT · by OddLane · 41 replies
    The Daily Signal ^ | April 29, 2016 | Rachel Greszler
    It appears that the pop star Prince may have died without a will, leaving behind a multi-million dollar and growing estate. Although Prince has one full sister and five half-siblings, Prince’s family members will not be his biggest heirs. Both the federal government and Minnesota’s state government will assess so-called “death taxes” or estate taxes on Prince’s assets, taking away more than half his estate. Between his physical assets— cash, investments, home, etc.—and his future royalties, Prince’s estate has been estimated to be between $300 and $500 million. If Prince were married, he could have passed on the entirety of...
  • DiCiccio: Phoenix leaders pushing $37M property tax increase

    04/28/2016 8:38:55 AM PDT · by hsmomx3 · 5 replies
    Town of Paradise Valley Independent ^ | April 25, 2016 | Sal DiCiccio
    Phoenix politicians are pushing a $37 million property tax increase. This is right after they pushed a transit tax of $31.5 billion, a water tax increase of $15.3 million that went for pay raises and bonuses, and an airport ride sharing fee of over $8 million annually. This new $37 million property tax increase is a clear example of Phoenix spending more than they need and taking more money from you and your family. First, Phoenix does not have a revenue problem, it has a spending problem. This property tax increase is coming when Phoenix is seeing record budget revenue...
  • Wilton Manors looks to change its health plan for transgender employees

    04/26/2016 11:44:38 AM PDT · by SoFloFreeper · 21 replies
    WSVN-TV ^ | 4/26/16
    ....Wilton Manors city leaders are in talks of expanding their insurance...Currently, gender confirmation surgery is excluded from the city's health plan, causing a financial strain that can often hinder the completion of the process.
  • EXCLUSIVE: Kerry, Heinz Family Have Millions Invested In Offshore Tax Havens

    04/26/2016 6:00:25 AM PDT · by C19fan · 14 replies
    Washington Examiner ^ | April 25, 2016 | Richard Pollock
    Secretary of State John Kerry and his wife Teresa Heinz have invested millions of U.S. dollars through family trusts in at least 11 offshore tax havens, according to an analysis by The Daily Caller News Foundation. The revelation comes on the heels of the release of the Panama Papers, a treasure trove of 11.5 million legal and financial records documenting how some of the world’s richest and most powerful people have used offshore bank accounts to conceal their wealth and avoid taxes.
  • The Clintons are using 5 shell companies to save on taxes in Delaware

    04/25/2016 8:55:14 AM PDT · by TigerClaws · 25 replies
    (Story from April 16.) The Clintons and their family foundation have at least five shell companies registered to the address 1209 North Orange Street in Wilmington, Delaware — which is also home to some 280,000 other companies who use the location to take advantage of the state's low taxes, limited disclosure requirements, and other business incentives. Two of the five are tied to Bill and Hillary Clinton specifically. One, WJC, LLC, is used by the former president to collect his consulting fees. The other, ZFS Holdings, LLC, was used by the former secretary of state to process her $5.5 million...
  • Trump's Schizophrenia on Taxes and Obamacare

    04/24/2016 6:14:25 AM PDT · by Oldeconomybuyer · 47 replies
    The Weekly Standard ^ | April 23, 2016 | By Jeffrey H. Anderson
    Donald Trump was asked this week, "Do you believe in raising taxes on the wealthy?" He replied, "I do. I do - including myself. I do." Yet Trump's own tax plan would cut the highest marginal federal income-tax rate from 39.6 percent to 25 percent. How does this tax plan square with Trump's newly professed support for "raising taxes on the wealthy"? This is similar to Trump's rampant inconsistency on Obamacare. Trump says he's for repealing Obamacare, but he's not for cutting Medicaid which, thanks to the efforts of those like John Kasich, accounts for most of Obamacare's coverage increases....
  • Trump: Oh, Sure, I’ll Raise Taxes

    04/21/2016 7:40:43 PM PDT · by AnalogReigns · 45 replies
    The Daily Wire ^ | Hank Berrien
    Thursday morning, asked on the Today Show whether he believed in raising taxes on the wealthy, Donald Trump, the frontrunner for the GOP nomination for president, gave a reply that illuminated how much of a Democrat in GOP clothing the Orange-Haired One is, replying, “I do, I do.” As time passes, Trump is becoming almost indistinguishable from Bernie Sanders. Daily Wire Editor-in-Chief saw this back in February, in a piece delineating how alike the two men were on numerous policies. For the sake of solely concentrating on their similarities vis-ŕ-vis economic policy, here’s Shapiro’s section on that: They’re both anti-establishment...
  • Kansas governor eyes tobacco bonds for budget fix

    04/21/2016 6:47:00 AM PDT · by C19fan · 8 replies
    Reuters ^ | April 20, 2016 | Mark Kauzlarch
    Kansas Governor Sam Brownback offered options on Wednesday for dealing with sinking revenue for the state's current and next budgets, including the sale of tobacco bonds. With the fiscal 2016 revenue estimated to drop by nearly $94 million and fiscal 2017 revenue expected to be $134.7 million less than previously projected, the Republican governor said Kansas could raise about $158 million through its first sale of bonds backed by its share of a 1998 multi-state settlement with U.S. tobacco companies.
  • The Forgotten History of the Federal Income Tax

    04/21/2016 5:49:30 AM PDT · by HomerBohn · 38 replies
    Freedom Outpost ^ | 4/20/2016 | Susan Frickey
    "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." – The 16th Amendment, Ratified 1913 The birth of the income tax! Prior to 1913, the constitutionally limited responsibilities of the federal government were generally covered by import tariffs. Occasionally, temporary taxes were imposed to pay for wars, but were to be apportioned by the states and could not be direct, personal taxes, according to the Constitution in Article I, sections 2 and 9. W. Cleon Skousen wrote a very...
  • 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...
  • Simple Math Shows America Is Headed for an Economic Disaster

    04/18/2016 7:21:40 PM PDT · by george76 · 52 replies
    The Daily Reckoning ^ | March 30, 2016 | Jody Chudley
    Stan Druckenmiller ... when I look at the current picture of expected tax revenues combined with benefits promised to future generations, this is the most unsustainable situation I have seen ever in my career. The disaster that Druckenmiller sees coming for the United States is all about changing demographics and entitlement spending. They don’t add up to a sustainable situation. In 1940, entitlement payments, which include everything from disability payments to Social Security to Medicare, amounted to just over 20% of annual government spending in the United States. Today, entitlement spending has swelled to nearly 70% of the annual federal...
  • Will we ever stop using fossil fuels?

    04/18/2016 4:39:30 PM PDT · by 2ndDivisionVet · 63 replies
    MIT News ^ | February 24, 2016 | Peter Dizikes
    In recent years, proponents of clean energy have taken heart in the falling prices of solar and wind power, hoping they will drive an energy revolution. But a new study co-authored by an MIT professor suggests otherwise: Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions. “If we don’t adopt new policies, we’re not going to be leaving fossil fuels in the ground,” says Christopher Knittel, an energy economist at the MIT Sloan School of Management. “We need both a policy...
  • Is there such thing as “legitimate taxation”?

    04/18/2016 3:42:27 PM PDT · by all the best · 22 replies
    American Vision ^ | September 8, 2014 | Joel McDurmon
    The answer is no. Now let’s explain. Doug Wilson has published an opinion that “taxation can be done right,” by which he means there is legitimate taxation according to the Bible. While I esteem much of Rev. Wilson, and there is tremendous overlap between us in general, I disagree with this sentiment, and I think it is important for the Christian’s overall vision of the future. I offer this intramural essay. Doug makes a distinction between taxation that is without biblical warrant and taxation with biblical warrant, and which we should therefore accept as normative for society. While we would...
  • Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?

    04/18/2016 1:58:16 PM PDT · by SeekAndFind · 44 replies
    TEC ^ | 04/18/2016 | Michael Snyder
    The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving away from the big cities? Could it be possible that they have many of the same concerns that “preppers” do about what is coming? For quite a while, I have been writing about how the...
  • 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...
  • Why Tax Reform Is Forever Doomed

    04/18/2016 9:06:11 AM PDT · by SeekAndFind · 33 replies
    RCM via Washington Post ^ | 04/18/2016 | Robert Samuelson
    WASHINGTON - Almost everyone agrees that America's income tax is too complex. Considering this, you might expect that simplifying the income tax would be a slam dunk. Sure enough, the various presidential candidates have proposed sweeping overhauls. But any agreement is mostly rhetorical. The odds that the next president, whoever it be, will engineer genuine tax simplification are negligible. On this Tax Day, it's worth pondering why. Make no mistake: I think we'd be better off with a simpler system. By this, I mean a system with a broader tax base and lower rates. I'd eliminate most tax preferences and...
  • Tax Day 2016

    04/18/2016 8:06:54 AM PDT · by NOBO2012 · 2 replies
    Michelle Obama's Mirror ^ | 4-18-2016 | MOTUS
    There’s no need to complain about Tax Day.All the money you donate to the federal kitty goes to good use. Well okay, maybe some of it is questionable: ANOTHER TAXPAYER-FUNDED RENEWABLE-ENERGY COMPANY FAILS... Renewable energy giant Abengoa SA filed for bankruptcy protection in the U.S. as the Spanish energy company continues talks with its banks and bondholders to agree on its plan to restructure billions of dollars in debt. – WSJLast November, the Washington Times reported Abengoa had received at least $2.7 billion in federal loan guarantees since 2010 to build several large-scale solar power projects in the United States....
  • Bernie Sanders Releases Tax Returns, Paid At Federal Tax Rate Of 13.5% In 2014

    04/17/2016 8:09:47 PM PDT · by Beave Meister · 9 replies
    Chicks On the Right ^ | 4/16/2016 | Red Dawn
    Did you watch CNN’s Democratic debate Thursday night? I actually did, and get this. I was entertained. Thoroughly entertained. I had a feeling it would be a bit more exciting, especially since Bernie Sanders has been out there questioning Hillionaire’s qualifications. At one point, Dana Bash grilled Hillary on releasing the transcripts of her Wall Street speeches, and it was glorious. “Secretary Clinton, if I may, Senator Sanders keeping bringing up the speeches that you gave to Goldman Sachs. So I’d like to ask you, so you’ve said that you don’t want to release the transcripts, until everybody does it,...
  • House of Representatives Files Amicus Brief in Support of Judicial Watch Taxpayer Lawsuit

    04/17/2016 7:49:19 AM PDT · by george76
    Judicial Watch ^ | APRIL 05, 2016
    ‘The Local Budget Act is a naked and unabashed effort to strip Congress of powers vested in it by Article I of the Constitution, and to circumvent… the one constitutionally-appropriate way to proceed.’ – House of Representatives’ amicus curiae (Washington, DC) – Judicial Watch announced today that on March 31, 2016, the U.S. House of Representatives filed an amicus curiae brief urging a U.S. District Court to deny the D.C. government’s efforts to dismiss a Judicial Watch lawsuit, which seeks to prevent D.C. from illegally expending tax dollars. The House amicus brief was filed in the U.S. District Court for...
  • With help of lawmakers, Illinois public schools now $20 billion in debt

    04/16/2016 3:33:44 PM PDT · by george76 · 15 replies
    Chicago Tribune ^ | 4-16 - 2016 | Diane Rado
    Illinois' public school districts are roughly $20 billion in debt, a staggering figure fueled in part by decades of special deals in Springfield that have given districts exemptions so they can keep borrowing beyond limits set by law. Today, that debt exceeds long-term school borrowing in most other states. It equates to about $10,000 for every Pre-K to 12th-grade public school student in Illinois... All the borrowing is a drain on taxpayers who have to repay the debt, as well as school budgets that must steer billions of dollars annually to principal and interest payments — money that could be...
  • Elizabeth Warren thinks the IRS should fill out your tax returns

    04/16/2016 4:43:08 PM PDT · by facedown · 95 replies
    boston.com ^ | April 13, 2016 | Nik DeCosta-Klipa
    With Monday’s tax filing deadline looming over many Americans’ weekends, Sen. Elizabeth Warren’s new bill may seem like a godsend. The Massachusetts Democrat introduced legislation Wednesday that would allow U.S. taxpayers to have the government do their taxes for them—for free. The conveniently timed “Tax Simplification Act of 2016” would direct the IRS to develop a free, online tax preparation and filing service, using tax information the IRS already has, which Americans could choose to use to have their taxes filed directly with the government, instead of using a third-party service, such as TurboTax.
  • ILLINOIS WILL SOON OVERTAKE NEW JERSEY AS THE STATE WITH THE HIGHEST PROPERTY TAXES

    04/16/2016 3:20:25 PM PDT · by george76 · 34 replies
    Illinois Policy Institute ^ | April 14, 2016 | Austin Berg
    Illinois' 859 local school districts consume nearly two-thirds of the $27 billion in local property taxes collected across the state each year. Illinois has nearly 7,000 units of local government. That’s the highest count of any state in the nation, and the runner-up is not even close. One of those units of government is the Naperville Township Road District, where seven employees maintain less than 20 miles of road at a cost of $116,000 per mile. City officials have said they could maintain the same distance at half the cost, and have moved to take over the road district’s duties...
  • Ted Cruz Is Right: His Tax Plan Would Supercharge GDP Growth

    04/16/2016 12:45:08 PM PDT · by 2ndDivisionVet · 83 replies
    Forbes ^ | April 16, 2016 | Tim Worstall
    Ted Cruz claims that his tax plan would supercharge economic growth, boosting GDP by as much as 5% a year for a decade or more. That’s, umm, an ambitious goal to be sure. However, there is actually good reason to believe that he’s right. As long as we’re careful about how we define GDP growth and also as long as we consider all the ways in which his plan will change the economy. This does mean being a little perverse in our assumptions: but also correct in our assumptions. The basics of the plan are that income taxes will be...
  • Obama Has Collected $18,764,164,000,000 in Taxes--$124,003 Per U.S. Job

    04/16/2016 7:36:17 AM PDT · by Texas Eagle · 5 replies
    cnsnews.com ^ | April 15, 2016 | Terrence P. Jeffrey
    Over the course of the 86 full months that President Barack Obama has completed serving in the White House—from February 2009 through March 2016--the U.S. Treasury has collected approximately $18,764,164,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements issued during that period. (President Obama was inaugurated on Jan. 20, 2009.) That equals approximately $124,003 for each of the 151,320,000 persons who, according to the Bureau of Labor
  • Feeling Overtaxed? The Romans Would Tax Your Urine

    04/16/2016 7:29:31 AM PDT · by MtnClimber · 17 replies
    National Geographic ^ | 14 Apr, 2016 | Brian Handwerk
    Taxes may be as certain as death, but they've changed a lot. Over the centuries, governments have levied taxes on everything from facial hair to the right to cover up—and officials accepted payments of beers, beds, and even broomsticks. Here, from history, are a few taxes we’re glad to not have to pay anymore: Rome's Toilet Tax Ancient Romans valued urine for its ammonia content. They found the natural enemy of dirt and grease valuable for laundering clothes and even whitening teeth. And like all valuable products, there was a scheme to tax it. Emperor Vespasian (r. A.D. 69-79) earned...
  • Why Ted Cruz’s 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.
  • Reasons to be Optimistic Abound in Michigan Economy

    04/15/2016 7:47:50 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 4/12/2016 | James Hohman
    There is a vast turnover in jobs in Michigan’s economy — more than one out of 20 are added and lost every three months. This means that there’s always someone being left behind during an economic recovery and there’s always someone finding new opportunities in a recession. Yet, the overall direction of the economy still matters and things are going well in Michigan. In a recent article in Bridge, Ted Roelofs points out that, even though Michigan’s unemployment rate has fallen to a 15-year low, the state still has a relatively high “underemployment” rate and interviews a few people who...
  • Tax day 2016: Why is April 18 - not April 15 - the tax deadline this year? (Emancipation Day)

    04/14/2016 7:00:37 PM PDT · by UnwashedPeasant · 13 replies
    AL.com ^ | 4/14/2016 | Leada Gore
    In a typical year, April 15 would be the red-letter day for taxes. This year, however, April 15 has been pushed aside by April 18. April 18 is this year's deadline to file taxes or apply for an extension. Usually, when April 15 falls on a weekend the tax deadline is moved to the following Monday. April 15 falls on a Friday this year but another event, Emancipation Day, is pushing back the deadline three more days. Emancipation Day – set aside to commemorate the signing of the Emancipation Act by President Abraham Lincoln – is celebrated in Washington, D.C....
  • Great: Our tax data isn’t secure and the IRS encourages illegal immigrants to commit tax fraud

    04/14/2016 5:42:24 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 04/14/2016 | Matt Vespa
    Monday, April 18 is the filing deadline for federal income taxes. ItÂ’s a day where we all are reminded how much of a pain our 70,000+ page tax code inflicts upon us every year. For those of you who hire accountants, alla salute youÂ’re done and you donÂ’t have to go through the headache of filing your own taxes. Of course, thatÂ’s dependent on whether you gave your accountant all the proper documents and receipts. To those who wanted to file on their own, youÂ’re gluttons for punishment. Regardless, theyÂ’re due next Monday, and every identity thief out there...
  • Ted Cruz’s Coming Economic Boom

    04/14/2016 4:14:47 PM PDT · by 2ndDivisionVet · 116 replies
    The Daily Caller ^ | April 14, 2016 | Peter Ferrara
    In 1980, Ronald Reagan campaigned on a four point economic recovery plan. First, reduce tax rates, to increase incentives for job creation, investment, business start-ups and expansion, and wage growth due to the resulting increased demand for labor and increased productivity. Even liberal Keynesian economics holds that tax cuts are pro-growth. Two, reduce regulatory costs and barriers to business, which can act as further tax cuts. Three, reduce federal spending, to reduce the government’s drain on the private sector. And four, restrain monetary policy to restore a stable value for the dollar. After Reagan led adoption of those policies in...
  • Another liberal tax evader wants you to pay more taxes

    04/14/2016 9:57:49 AM PDT · by Starman417 · 11 replies
    Flopping Aces ^ | 04-14-16 | DrJohn
    Bono understands your plight. He knows you pay a lot in taxes. He wants you to pay more: Tuesday on MSNBC’s Morning Joe, U2 frontman and anti-poverty activist Bono called for the U.S. to send more assistance to Europe to shore up the European Union as it buckles under the Third World migrant crisis, even though Americans are struggling to bear their own tax burdens. “I know the American taxpayer is really hurting at the moment and the same in Europe,” Bono said. “But I think between Europe and America there is a consensus building that, you know, the corruption...
  • Tax Illinois drivers by the mile?

    04/13/2016 2:49:19 PM PDT · by Repealthe17thAmendment · 58 replies
    The Daily Herald (Suburban Chicago) ^ | 4-12-2016 | Mike Riopell
    A new proposal to pay for fixing Illinois' roads could use devices to track how far Illinois drivers have traveled and tax them by the mile. The plan from Senate President John Cullerton, a Chicago Democrat, is aimed at gasoline tax revenues that have fallen as drivers have bought more fuel-efficient cars. Cullerton says cars that get better mileage still create the same wear on roads, so the state needs to find a better way to collect taxes and pay for those repairs. "If all the cars were electric, there would be no money for the roads," Cullerton said. Drivers,...
  • Hillary Confirms Trillion Dollar Tax Hike Plan

    04/13/2016 3:24:40 AM PDT · by BradtotheBone · 20 replies
    Americans For Tax Reform ^ | April 12th, 2016 | Alexander Hendrie
    During an interview with the editorial team of the New York Daily News, Hillary Clinton admitted her tax proposals will increase taxes on the American people by at least $1 trillion over the next ten years. Here is the key exchange from the meeting, according to a transcript released by the Daily News: Clinton: I have connected up my proposals for the kind of investments I want to make with the taxes that I think have to be raised. So on individual pieces of my agenda, I try to demonstrate clearly that I have a way for paying for paid...
  • The Happiest of Happy Warriors

    04/13/2016 10:31:53 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | April 12, 2016 | Jeff Jacoby
    IT WOULD BE overstating the case to claim that nobody disliked Barbara Anderson, the irrepressible "tax-cut tigress" who for nearly 40 years was the best-known taxpayer activist in Massachusetts. The longtime director of Citizens for Limited Taxation, who died of leukemia on Friday at 73, had an amazing gift for friendship that even diehard political foes found hard to resist. Jim Braude, a liberal's liberal who used to campaign as ardently for raising taxes as Anderson did for reducing them, always said that he liked Anderson as much personally as he disagreed with her politically. The two faced off in...
  • $1.48 Trillion: Government Collects Record-High Taxes in First Half of FY 2016

    04/12/2016 6:43:01 PM PDT · by Hojczyk · 10 replies
    The Washington Free Beacon ^ | April 12 ,2016 | Ali Meyer
    Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items. In the first half of fiscal 2016, which included the months of October, November, December, January, February, and March, the amount of taxes collected by the federal government outpaced the...
  • Fresh document trove sheds light on Clinton-Trump ties

    04/12/2016 12:34:30 PM PDT · by ColdOne · 58 replies
    foxnews.com ^ | 4/12/16 | Judson Berger/foxnews
    The release Tuesday by the National Archives of a fresh trove of documents detailing the Clinton administration's dealings with billionaire Donald Trump could become the latest fuel for flame-throwing in an already incendiary 2016 presidential race. ADVERTISEMENT The documents include: a signed copy of Trump's “The Art of the Deal,” delivered to a top aide to then-President Clinton; logs of Trump’s invitations to the Clinton White House; and an entry about a Trump Towers photo-op with the president. The files come at a sensitive time in the Republican presidential race, and could be used by Trump’s top rival Texas Sen....
  • TRUMP: Corporate Tax Will Pay for TrumpCare RONALD REAGAN: 'Deliberately Dishonest'

    04/11/2016 5:20:22 AM PDT · by Reaganite Republican · 54 replies
    Reaganite Republican ^ | 11 April 2016 | Reaganite Republican
    Trump 2012 on how we'll be paying for his massive,  far-to-the-left-of-Obama, BIG-government HC plan: But much like the Mexicans 'paying for the wall', all such taxes and levies will eventually fall in the lap of the American consumer -there's no such thing as a free ride, as some confidence trickster might propose to you. The Gipper knew that better than anybody... a lesson lost on much of today's detached-from-logic 'alt/right' conservatives: 'The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or...
  • Bill meant to redirect highway money to state general fund

    04/10/2016 9:06:15 PM PDT · by Tolerance Sucks Rocks · 11 replies
    KSNT ^ | April 10, 2016 | Chris Arnold
    WICHITA, Kan. (KSNW) — A statewide, month long initiative to put the clamps on a Senate bill is underway. Senate Bill 463 is aimed at redirecting highway money to the state general fund. This weekend, the Kansas Contractors Association is running ads targeting lawmakers to get them to just say no. It’s called Detour Greenlight and it’s pointed to 24 legislators they believe detour, or normally vote against protecting road and bridge funding. It also names some who they say are for strong spending on roads. “To redirect the little bit of sales tax that goes into the pot to...
  • This man could destroy New Jersey — by moving to Florida

    04/10/2016 6:13:49 AM PDT · by NYRepublican72 · 90 replies
    The New York Post ^ | 4/10/2016 | Lindsay Putnam
    One man could cause a budget crisis in New Jersey — by moving out of the state. Billionaire David Tepper has moved from New Jersey to Florida, and the loss of his income tax could leave a $140 million hole. The 58-year-old founder of the hedge fund Appaloosa Management — who Forbes estimates is worth $11.4 billion — registered to vote in Florida in October, listing a Miami Beach condo as his permanent address, and he filed a court document in December declaring himself a resident of the tax-friendly state. He also opened a branch of ­Appaloosa in South Beach,...
  • Mariana Islands Pass $1,000 Handgun Tax After Outright Ban Declared Unconstitutional

    04/08/2016 4:01:52 PM PDT · by kevcol · 22 replies
    The Washington Free Beacon ^ | April 8, 2016 | Stephen Gutowski
    The legislature in the Mariana Islands moved to impose a $1,000 excise tax on all handguns sold in the U.S. territory on Wednesday. The legislation comes after a federal court struck down its handgun ban late last month. . . . The bill also included a number of other gun control measures including establishing a number of gun free zones, gun storage requirements, and waiting periods
  • Obama builds a corporate tax prison

    04/08/2016 2:59:23 AM PDT · by markomalley · 31 replies
    The Treasury Department issued two new rules Monday to make it much more difficult for American companies to leave the country. Technically, what the companies do is a "tax inversion," taking over a foreign firm and adopting its target's address as its headquarters. By doing this, it can pay only the foreign tax rate on the profits it makes abroad. This is attractive because taxes in other developed nations are invariably lower than those in the United States. Yes, ours are the highest in the world. Monday's two rule changes were President Obama's third attempt to end corporate inversions and...
  • 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...
  • Lawyers in state court argue over taxing LaSalette Shrine land in Attleboro

    04/06/2016 7:32:13 AM PDT · by massmike · 7 replies
    thesunchronicle.com ^ | 04/06/2016 | RICK FOSTER
    BOSTON — Is the entirety of a property owned by a religious organization tax-exempt, or can portions not essential to religious worship be carved off and taxed like a house or office building? That’s the question debated before the Massachusetts Supreme Judicial Court Tuesday as lawyers for the National Shrine of Our Lady of LaSalette sought to overturn a state Appellate Tax Board ruling upholding a $92,292 tax bill from the city of Attleboro. The justices heard arguments and asked questions for just short of an hour during the proceeding in which attorney Diane Tillotson represented LaSalette and Mike Siddall...
  • Obama calls for international tax reform amid Panama Papers revelations

    04/05/2016 6:10:34 PM PDT · by Beave Meister · 21 replies
    The Guardian ^ | 4/5/2016 | Rupert Neate in New York and David Smith in Washington
    Barack Obama has called for international tax reform in the wake of the revelations contained in the Panama Papers. “There is no doubt that the problem of global tax avoidance generally is a huge problem,” he told reporters at the White House on Tuesday. “The problem is that a lot of this stuff is legal, not illegal.” The US president said the leak from Panama illustrated the scale of tax avoidance involving Fortune 500 companies and running into trillions of dollars worldwide. “We shouldn’t make it legal to engage in transactions just to avoid taxes,” he added, praising instead “the...
  • Truckers See Local Fines as a Cash Grab

    04/05/2016 10:33:42 AM PDT · by MichCapCon · 29 replies
    Michigan Capitol Confidential ^ | 4/1/2016 | Anne Schieber
    Ask drivers of commercial trucks about safety enforcement and they will tell you they are under siege. Truckers can be cited for any number of offenses and fines can run into the hundreds of dollars. Consider the case of James Cotter, who runs a truck rental business. When his wife was driving one of the company trucks, she was pulled over by the Michigan State Police and fined $425 because her medical certificate expired three months earlier. “We were under the impression that medical certificates were keyed to your driver's license through the Secretary of State and that licenses would...
  • CHICAGO New Top Cop's Fiancee Under Investigation For Alleged Police Exam Cheating

    04/05/2016 5:36:33 AM PDT · by KeyLargo · 13 replies
    DNA Info ^ | April 6, 2016 | Mark Konkol and Heather Cherone
    New Top Cop's Fiancee Under Investigation For Alleged Police Exam Cheating By Mark Konkol and Heather Cherone Updated April 5, 2016 THE LOOP — Mayor Rahm Emanuel's newly appointed top cop Eddie Johnson's fiancee is a Chicago Police lieutenant named in an ongoing investigation into alleged cheating on the department's lieutenant's exam, DNAinfo Chicago has learned. It's the same cheating probe that sources said helped derail Deputy Chief Eugene Williams' chances of being promoted to police superintendent. Now the allegations are part of a separate probe, this one by Chicago Inspector General Joe Ferguson, sources said. Williams, one of the...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Trump doubles-down on allies paying more for US protection, vows to repeal ObamaCare

    04/03/2016 6:10:02 PM PDT · by Innovative · 53 replies
    Fox News ^ | April 3, 2016 | Fox News
    Republican presidential candidate Donald Trump doubled-down Sunday night on his comments that the US should “do a better deal” with Japan, South Korea and other allies, saying they should pay more for America’s protection while taking a greater role in their defense — including building their own nuclear weapons "If you start raising that minimum wage, you're going to make a lot of our companies even more non-competitive," he said. Trump also delved into his plans to change the nation's tax code by "simplifying" it. He also renewed his promise to repeal ObamaCare — though he again wouldn’t offer specifics...