Keyword: taxes

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  • Federal Judge Strikes Down ACA Exchange Subsidies

    10/01/2014 10:44:45 AM PDT · by ThethoughtsofGreg · 6 replies
    American Legislator ^ | 10-1-14 | Sean Riley
    On Tuesday, Judge Ronald A. White of the U.S. District Court for the Eastern District of Oklahoma vacated the IRS rule that allows premium subsidies in states that refused to establish an exchange under the Affordable Care Act. The court holds that the IRS Rule is arbitrary, capricious, an abuse of discretion or otherwise not in accordance with law, pursuant to 5 U.S.C. §706(2)(A), in excess of statutory jurisdiction, authority, or limitations, or short of statutory right, pursuant to 5 U.S.C. §706(2)(C), or otherwise is an invalid implementation of the ACA, and is hereby vacated. As has been covered previously,...
  • Regulation Charges $125 for Photo Permit in Nashville Public Parks (Video)

    09/30/2014 5:27:19 PM PDT · by Dallas59 · 18 replies
    NASHVILLE, Tenn. (Roger Susanin) -- A little-known Metro Parks & Recreation regulation requires people pay $125 for a permit to take photos or shoot video at Nashville public parks.
  • Northeast loses 40% of House seats as people flee high-tax states

    09/30/2014 9:29:10 AM PDT · by tje · 59 replies
    Washington Examiner ^ | September 30, 2014 | Paul Bedard
    The Northeast, once the nation’s political engine that produced presidents, House speakers and Senate giants including the late Edward M. Kennedy, is losing clout in Washington as citizens flee the high-tax region, according to experts worried about the trend. The Census Bureau reports that population growth has shifted to the South and the result is that the 11 states that make up the Northeast are being bled dry of representation in Washington. Critics blame rising taxes in states such as Massachusetts and Connecticut for limiting population growth in the Northeast to just 15 percent from 1983 to 2013, while the...
  • Jeb Bush: ‘This Is The Most Pessimistic America Has Ever Been’ (follows Palin)

    09/30/2014 5:08:29 AM PDT · by Cringing Negativism Network · 46 replies
    CBS DC ^ | September 30, 2014 7:45 AM | Associated Press
    His visit to Kansas comes just days after former Alaska Gov. Sarah Palin campaigned with Roberts.
  • We need a new constitution: How we save American democracy from charlatans, loudmouths & the 1%

    09/29/2014 12:26:27 AM PDT · by 2ndDivisionVet · 49 replies
    Salon ^ | September 27, 2014 | Professors Andrew Burstein and Nancy Isenberg
    The most recent NBC/Wall Street Journal poll says that a clear-cut majority is disgusted with the present political scene and retains little hope that future generations will fare as well as we have. As candidates get down and dirty in the lead-up to midterm elections, 60 percent say the country is in a general state of decline. A mere 19 percent of those polled have a favorable opinion of Republicans in Congress; their Democratic colleagues (or “colleagues”) poll at 31 percent. But the most remarkable number is 79: that’s the percentage of the politicized public that presently voices its discontent...
  • Swiss Village Forced to Raise Taxes After Muslim Refugee Family Consumes 1/3 of Budget

    09/26/2014 11:22:21 AM PDT · by SeekAndFind · 67 replies
    Frontpage Mag ^ | 09/26/2014 | Daniel Greenfield
    Is this really enriching anybody besides the Muslim settlers? A village of just 1,000 residents in Switzerland has been forced to raise taxes because an African refugee and her seven children cost the local authority $65,000 in benefits every month.Hagenbuch, in the Swiss canton of Zurich, is understood to be spending close to a third of its total annual budget on the family after they arrived from Eritrea in East Africa three years ago.The Eritrean woman and her family arrived in Hagenbuch three years ago in possession of a visa allowing her to stay in Switzerland for five years, with...
  • California Proposition 1 Water Bond is Bait & Switch

    09/25/2014 10:18:42 AM PDT · by fifedom · 15 replies
    Breitbart California ^ | 4 Sep 2014 | Chriss W. Street
    The $7.5 billion California Proposition 1 Water Bond on the November ballot promises to provide more above ground water storage for the first time in 40 years in order to gain a broad support from Democrats and Republicans. But a close look at the language in the proposition reveals that the initiative is another legislative “bait and switch” that will not complete a single major water storage or delivery system.
  • Bill Clinton on Tax Inversions: ‘This Is Their Money’

    09/24/2014 2:35:33 PM PDT · by SeekAndFind · 11 replies
    New York Times ^ | 09/24/2014 | By AMY CHOZICK
    As many Democrats attack companies that take advantage of corporate tax inversions, former President Bill Clinton expressed sympathy for them. “Like it or not, this inversion, this is their money,” Mr. Clinton said in an interview during the Clinton Global Initiative in New York. When asked whether inversions — the practice of American companies acquiring a small overseas rival and reincorporating abroad to lower their tax bills — are unpatriotic, as many critics say, Mr. Clinton said that publicly traded companies, in particular, “feel duty bound to pay the lowest taxes they can pay.” “I should make full disclosure here,”...
  • Bill Clinton outlines 100-day agenda for next president

    09/23/2014 5:15:59 PM PDT · by 2ndDivisionVet · 22 replies
    The Los Angeles Times ^ | September 22, 2014 | Maeve Reston
    Hillary Rodham Clinton seems more eager to talk about her soon-to-arrive grandchild than her plans for a potential presidential run, but her husband seemed more than happy to allude to both prospects Monday.. Bloomberg’s Charlie Rose interviewed the former president during the 10th Clinton Global Initiative in New York on Monday, the international gathering sponsored by his family's foundation. Rose danced around the specific question of whether Hillary Clinton will run in 2016, presumably because Bill Clinton has repeatedly insisted that he does not know. But he pressed Clinton for clues about what another Clinton presidency might look like, while...
  • 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...
  • George P. Bush: In-State Tuition for Illegals 'Nominal Cost' to Taxpayers (Jeb's son)

    09/23/2014 11:03:40 AM PDT · by 2ndDivisionVet · 67 replies
    Breitbart's Big Government ^ | September 22, 2014 | Tony Lee
    George P. Bush, Jeb Bush's son and Republican candidate for Texas land commissioner, said that in-state tuition for illegal immigrants is just a "nominal" cost to taxpayers. Speaking at The Texas Tribune Festival on Friday evening, Bush said that until someone can present a "sensible alternative" to the Texas's version of DREAM Act, he would support the the law that Texas Governor Rick Perry signed in 2001. Bush said in-state tuition for illegal immigrants is just "a nominal cost from an economic perspective" for the state of Texas. Bush also suggested that in-state tuition for illegal immigrants should be indexed....
  • The Attractions of Paradise

    09/22/2014 10:39:39 PM PDT · by 2ndDivisionVet · 4 replies
    PJ Media's Belmont Club ^ | September 22, 2014 | Richard Fernandez
    Back in the 1930s intellectuals sometimes advised each other: don’t give to beggars, you’ll delay the revolution. Socialism has been described as a method of loving humanity so that you can be indifferent to your actual neighbor. The idea has been around a long time. The 1960s musical Hair caught the notion in these lyrics: How can people have no feelings? How can they ignore their friends? Easy to be proud, easy to say no And especially people who care about strangers Who care about evil and social injustice Do you only care about the bleeding crowd? How about a...
  • Performance pay tax increase paid to nearly all Denver teachers

    09/22/2014 6:29:49 PM PDT · by george76 · 10 replies
    Watchdog ^ | September 17, 2014 | Arthur Kane
    Nearly a decade ago, voters approved a $25 million annual property tax increase for Denver Public Schools to fund performance and retention pay for teachers who help students learn. But now, 90 percent of eligible DPS teachers are receiving the additional compensation, according to a database obtained by Watchdog.org under state open records laws. And that’s in a district where this year 22 percent of teachers were deemed as not achieving the “effective” teaching standard, DPS data shows. Critics say the ProComp tax increase was always about collecting more tax revenue for the district than rewarding teachers who truly help...
  • French farmers torch tax office in Brittany protest

    09/21/2014 12:19:11 PM PDT · by aMorePerfectUnion · 20 replies
    BBC ^ | 20 Sept. 2014 | unknown
    French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany. The farmers used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, police said. Prime Minister Manuel Valls condemned protesters for preventing firefighters from dealing with the blaze. The farmers say they cannot cope with falling prices for their products. A Russian embargo on some Western goods - imposed over the Ukraine crisis - has blocked off one of their main export markets. About 100 farmers first launched an overnight attack...
  • State out $675K grant but still plans to give out millions more in tax money ( Colorado )

    09/21/2014 6:34:28 AM PDT · by george76 · 25 replies
    Watchdog ^ | September 19, 2014 | Arthur Kane
    Four years ago, Kirk Swallow received state money to set up a compressed natural gas filling facility at the Rifle Shell station he co-owns. The Colorado Energy Office, then under Gov. Bill Ritter and known as the Governor’s Energy Office, gave Swallow’s company a $675,000 grant — money from fines collected from companies that violated state regulations. Swallow said he chipped in about $300,000. But, in June, Swallow had to permanently shut down the CNG pumps at 101 Railroad Ave., in Rifle, Colo. He said he was losing money because of increased competition, excessive electricity fees to run the pumps...
  • David Cameron Vows More Powers for England After Scotland Vote

    09/19/2014 1:19:59 PM PDT · by george76 · 8 replies
    nbc ^ | September 19th 2014 | Alexander Smith
    Like Scotland, Wales and Northern Ireland have their own regional parliaments... However, England's lack of a similar legislative body has led to a messy situation where Scottish lawmakers can vote on issues that only affect England at the U.K.-wide Westminster parliament ... Just as Scotland will vote separately…on their issues of tax, spending and welfare, so too England, as well as Wales and Northern Ireland, should be able to vote on these issues
  • 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 America’s 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...
  • Sources: Howard Stern to Move to Palm Beach Permanently (reason: taxes)

    09/18/2014 11:13:11 AM PDT · by Behind Liberal Lines · 28 replies
    © Copyright 2013 GossipExtra.com · All Rights Reserved ^ | September 16, 2014 | by Jose Lambiet
    PALM BEACH — No matter what his professional future holds, satellite radio star Howard Stern is planning to move to Palm Beach permanently after the $10 million-renovation of his $52 million-house is completed early next year...One of the sources added that Stern is well aware of the benefits of declaring residency in a no-income tax state like Florida and homesteading his property.
  • Tragedy: Taxpayer-funded global warming musical has come to an end

    09/18/2014 10:13:15 AM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 09/18/14 | Dan Calabrese
    Final curtain. I don’t know how to break this one to you. There was a chance, my friends - a fleeting chance - for the creative community to capture the hearts of the nation concerning the true greatest threat to humanity. A theater company was on board. Taxpayer money was committed. The inevitable nationwide enthusiasm for the production would surely turn us all into activists for whatever action Democrats deem necessary to deal with global warming. New taxes. New federal controls on industry. A treaty empowering the United Nations to shut down our factories on the hint of carbon levels...
  • News Nugget: Louisiana Voters Beware

    09/17/2014 9:41:49 PM PDT · by Morgana · 4 replies
    CAIN TV ^ | Herman Cain
    News Nugget: Louisiana Voters Beware soundcloud only on link
  • In Iowa, Biden preaches populist theme on taxes

    09/17/2014 12:00:27 PM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Sep 17, 2014 2:17 PM EDT | Thomas Beaumont
    Vice President Joe Biden is preaching a populist theme during a visit to Iowa—an important early-voting state in the presidential nominating calendar. He’s telling voters to elect Democrats who support raising taxes on companies. Biden is hitting an election-year theme of restoring what he calls “basic fairness.” …
  • United States Ranks 32 out of 34 Countries in New Global Tax Index

    09/17/2014 8:32:14 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 09/17/14 | Alan Joel
    Our tax code is byzantine, our businesses are over-taxed, and our economy is continuing to suffer. We can do better. We have done better. We deserve better. The Tax Foundation released its first global stat called the “International Tax Competitiveness Index”. This index aims to measure two criteria, competitiveness and neutrality, by examining “the extent to which a country’s tax system adheres to”, these “two important principles of tax policy”. The index accounted for more than 40 tax positions and policies. In their analysis, two of the most damning reasons for ranking the United States near the very bottom of...
  • 29 Cuban migrants land in Florida Keys on homemade boat

    09/17/2014 8:29:35 AM PDT · by beachn4fun · 25 replies
    Fox News ^ | September 17, 2014 | Me
    LOGGERHEAD KEY, Fla. – Twenty-nine Cuban migrants have been rescued after reaching land in the Florida Keys. .... Under the "wet-foot, dry-foot" policy, most Cuban migrants who reach U.S. shores are allowed to stay. more here
  • Few Americans Want More Gov't Regulation of Business [Gallup Poll: Republicans Ignoring the Issue]]

    09/16/2014 3:56:57 PM PDT · by SoFloFreeper · 8 replies
    Gallup ^ | 9/15/14 | Frank Newport
    About half say there is too much regulation; 22% say there is too little .....From 2003 through the remainder of the George W. Bush administration, however, these attitudes settled into a pattern in which Americans were more likely to say there was too much rather than too little government regulation of business. After Barack Obama took office in 2009, the percentage saying "too much" regulation rose into the high 40s, including a reading of 50% in 2011, and has remained at these relatively high levels since. Less than a quarter of Americans have perceived in the last two years that...
  • Embarrassment Alert: America’s Tax System Ranks Below Italy, Greece, and Mexico

    09/16/2014 11:27:00 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | September 16, 2014 | Daniel J. Mitchell
    ’ve complained over and over again that America’s tax code is a nightmare that undermines competitiveness and retards growth.Our aggregate fiscal burden may not be as high as it is for many of our foreign competitors, but high tax rates and poor design mean the system is very punitive on a per-dollar-raised basis.For more information, the Tax Foundation has put together an excellent report measuring international tax competitiveness.Here’s the methodology. The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the degree to which the 34 OECD countries’ tax systems promote competitiveness through low tax burdens on business investment and neutrality through...
  • Marijuana sales top $12 million; new retailers added … still just one in Seattle

    09/15/2014 2:55:42 PM PDT · by steve86 · 5 replies
    The Seattle PI ^ | 9/11/2014 | Jake Ellison
    Retail sales of state-licensed weed in Washington topped $12 million by Sept. 8 … and sales keep climbing. The improvement of sales in recreational marijuana here mirrors the steep growth in sales in Colorado, where the recreational market out-sold medical for the first time in July (the latest numbers from that state). The Cannabist reports: “In July 2014, customers purchased more than $29.7 million in recreational marijuana — up from $24.7 million in June. Medical marijuana patients spent more than $28.9 million on marijuana in July — comparable to June’s $28.6 million in sales.” In Washington, there are now 55...
  • IRS Poised to Start Taxing Employer Provided Lunches

    09/15/2014 9:20:50 AM PDT · by John Semmens · 33 replies
    Semi-News/Semi-Satire ^ | 12 Sep 2014 | John Semmens
    Some employers provide employees with company-paid free lunches. The idea is to keep workers at their desks and improve productivity. The expense has normally been lumped in with other expenses as a cost of doing business. The IRS now wants to tax these lunches as income to the employees. IRS spokesperson Jason Coveter explained that “most employees have to furnish their own lunches. Whether they go out and buy it or bring it from home, they are bearing this cost themselves. It is unfair for other employees to get a lunch paid for by their employer. We’re just trying to...
  • US now ranks 32nd in tax burden on business

    09/15/2014 8:50:57 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 09/15/2014 | Rick Moran
    There's "economic patriotism" and then there's just being a smart businessperson.The Tax Foundation has launched a new statistical benchmark that ranks the 34 most industrialized countries in the world according to 40 different tax criteria. The US came in 32nd. Only Spain and Italy finished lower. The low US ranking helps explain why inversions are becoming so popular - something that enrages President Obama and the Democrats who see all that tax money leaving the country for sunnier climes. Wall Street Journal: The Tax Foundation benchmark compares developed economies with large and expensive governments, but the U.S. would do even...
  • Big profit for Pritzkers on costly Chicago FBI deal

    09/15/2014 7:40:21 AM PDT · by KeyLargo · 5 replies
    chicago sun times ^ | Sep 14, 2014
    Chicago Big profit for Pritzkers on costly Chicago FBI deal Sun, 09/14/2014 - 3:30pm Better Government Association @bettergov | Email A deal involving the federal government’s most expensive lease in Chicago produced millions of dollars in profits for a development group that included Penny Pritzker, a top campaign fund-raiser for President Barack Obama who is now his commerce secretary, a Chicago Sun-Times / Better Government Association investigation has found. The developers also included Jack Higgins, a friend and political backer of former Mayor Richard M. Daley. Over the 14-year term of the lease, the government will pay $280 million in...
  • Dems' Coalition Showing Signs of Strain

    09/14/2014 11:23:37 AM PDT · by 2ndDivisionVet · 3 replies
    RealClearPolitics ^ | September 14, 2014 | Salena Zito
    After winning the presidency, Andrew Jackson sent a message to Congress suggesting that the office be extended to six years but limited to one term. His message caused wild speculation that the first “people's president” would not seek a second term. That led to a dramatic Jackson proclamation, in a letter to Pennsylvania Democrats, that the “call of the people” trumped his “personal inclination” and he could “not refuse to serve them.” The truth is, he was never not going to run. Jackson may have been the first Democrat to be elected as president. But his secretary of State and...
  • Nancy Pelosi Just Might Be Insane

    09/13/2014 12:35:03 PM PDT · by jazusamo · 85 replies
    PJ Media ^ | September 13, 2014 | Bryan Preston
    The Democrats’ leader in the House, California Rep. Nancy Pelosi, is either dishonest, drunk, or losing her mind. Soopermexican caught this tweet from Pelosi, which he calls “brutal stupidity.” Nancy Pelosi ✔ @NancyPelosi An American family can't just change their address to avoid paying taxes. @HouseGOP, why can corporations? Let's put the #MiddleClassFirst! 1:54 PM - 12 Sep 2014 As the multimillionaire Pelosi surely knows, individuals and corporations (which are artificial people under the law) can change their addresses and thereby change their tax burdens. It happens every day. I know that from personal experience. I moved from high-tax Maryland...
  • Making Heads or Tails Out of Texas School Finance

    09/12/2014 2:44:09 PM PDT · by thetallguy24
    Hardhatters ^ | 09/12/2014 | Jordan Long
    It was bone-chillingly cold in the village of Washington-on-the-Brazos on March 2, 1836. There, a group of Texans had gathered to formally announce their break from the despotic Mexican state recently established by General Antonio Lopez de Santa Anna. With the Alamo under siege almost 200 miles to the southwest, the settlers methodically listed their complaints in the Texas Declaration of Independence. One of them lashed out at the Mexican government for neglecting “to establish any public system of education… although it is an axiom in political science, that unless a people are educated and enlightened, it is idle to...
  • DOJ Working With Elijah Cummings To Protect The IRS

    09/11/2014 4:48:53 PM PDT · by jazusamo · 29 replies
    Investors.com ^ | September 11, 2014 | IBD Editorial
    IRS: An aide to the attorney general accidentally calls the office of the House Oversight Committee chairman, asking for help in spinning the defense of the agency whose head just said they obey the law when they can. We have commented many times of the all-too-cozy relationship between the IRS and Democratic members of the House and Senate, with members writing to the agency demanding that specific conservative groups and political action committees they find particularly irritating be subject to the "special scrutiny" that the Tea Party and other conservative and religious groups were subjected to in the ongoing scandal....
  • Occupy mentality sets up tent in New Brunswick

    09/12/2014 10:44:10 AM PDT · by 2ndDivisionVet · 6 replies
    The Toronto Sun ^ | September 11, 2014 | Brian Lilley, Parliamentary Bureau
    Do you remember Occupy Wall Street and its many imitators across North America? It was three years ago next week that the movement went public and eventually set up tent cities across the continent. People camped out in parks, they held marches and meetings and demanded change. They demanded the one percenters pay their fair share. It was supposedly a grassroots reaction to the bailout of big business, the fat cats that run the banks. But of course we know those bailouts happened in 2007 and 2008 and Occupy, some might say the left's answer to the Tea Party, didn't...
  • Hey Dems! How's that 'war on tax inversions' going?

    09/12/2014 7:58:38 AM PDT · by SeekAndFind · 6 replies
    American Thinker ^ | 09/12/2014 | Rick Moran
    It was supposed to be the populist issue that would enrage the middle class and set them with pitchforks against big corporations who were being "economic traitors" by moving their headquarters overseas in order to avoid the high corporate taxes in America.The so-called "inversion" issue would allow the Democrats to ride a wave of popular disgust against Republicans to victory in November. Instead, as Politico points out, the issue is so much of a dud, that the Democrats have quietly de-emphasized much of the white hot rhetoric the president has used to portray corporations as "un-American" who move their operations...
  • IRS Audits Another Obama "Enemy" — Breitbart News

    09/11/2014 10:51:57 AM PDT · by raptor22 · 23 replies
    Investor's Business Daily ^ | September 11, 2024 | IBD EDITORIALS
    IRS: As the 2014 midterms approach, what has become a political arm of the Obama administration has targeted — as it targeted the Tea Party — a leading conservative truth-teller that has exposed so many of its lies. Even as the IRS races to cover up a prior abuse of power, it ruthlessly engages in another, using its power to tax in an attempt to destroy the vast truth-gathering enterprise launched by the late Andrew Breitbart, which the administration apparently ranks right alongside the Tea Party atop its enemies list. Last Friday, the IRS stretched credulity beyond the breaking point...
  • The Blue States’ Economic Paradox

    09/10/2014 2:11:07 PM PDT · by ThethoughtsofGreg · 1 replies
    /amregister ^ | 9-10-14 | Ben Wilterdink
    Blue states have a problem. Although there are some recently notable exceptions, most vehemently oppose cutting taxes, favoring instead a tax-and-spend or top-down redistribution approach. They require high taxes to finance the pet projects they believe the market is too short-sighted to support, like Solyndra. At the same time, however, these big government states try to pursue goals of economic growth, even if they believe the best way to achieve growth is through central economic planning rather than free markets. Overwhelming economic evidence demonstrates that the best way to achieve robust economic growth is when citizens are able to save,...
  • The Minimum Wage, and the Question of Failing at Life

    09/09/2014 10:45:21 AM PDT · by jfd1776 · 12 replies
    Illinois Review ^ | September 9, 2014 A.D. | John F. Di Leo
    The Service Employees International Union (SEIU) organized a fast food protest, demanding that their prospective members all price themselves out of a job. So, understandably unable to resist a straight line while filling in as a talk show guest host, pundit Erick Erickson said that if you’re still earning minimum wage at 30, you’ve probably failed at life. It’s easy to blast Mr. Erickson for the tone-deafness of his comment. While certainly true of some, his quip is hardly true of most minimum wage employees. But is that fair? Is it reasonable, or helpful to the national economic and social...
  • Head of Marshals Service in Chicago reassigned

    09/09/2014 7:59:46 AM PDT · by KeyLargo · 8 replies
    AP ^ | Sep 9, 2014
    Head of Marshals Service in Chicago reassigned AP , Associated Press Sep. 9, 2014 4:02 AM ET CHICAGO (AP) — The U.S. Marshals Service has announced it has replaced the head of its Chicago office for the past four years in a re-organization, appointing an interim chief for its high-profile northern Illinois district. Darryl McPherson, who was named to the top Chicago post by President Barack Obama in 2010, was recently reassigned to the same office's judicial security division, said Drew Wade, an agency spokesman in Washington. Wade, however, declined to discuss why the 17-year Marshals Service veteran was moved...
  • Jack Lew: Decision on executive action on taxes 'in the very near future'

    09/08/2014 10:55:38 PM PDT · by Jack Hydrazine · 53 replies
    Washington Examiner ^ | 8SEP2014 | Joseph Lawler
    The Obama administration will make a decision on executive action to prevent corporations from leaving the country in the "very near future," Treasury Secretary Jack Lew said Monday morning. Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough. Inversions are tax maneuvers in which corporations buy firms in low-tax countries in order to place their headquarters in that country. Such deals have grown in number in recent months, with...
  • AP Seems Stunned That Japan's Economy Is Shrinking After Huge Tax Hike

    09/08/2014 10:54:11 AM PDT · by xzins · 29 replies
    Newsbusters ^ | 8 Sep 14 | Tom Blumer
    The smug self-confidence of financial analysts and writers who predicted that Japan's monstrous sales tax increase would have no long-term effect on its economy should be severely shaken. An Associated Press report tonight by business writer Elaine Kurtenbach tells readers that the Land of the Rising Sun's economy "contracted at a larger than earlier estimated annual rate of 7.1 percent in April-June, as companies and households slashed spending following a tax hike." This means that the "experts" who assured everyone that the second-quarter contraction would be smaller than or merely offset the brisk first-quarter expansion of 6 percent were horribly wrong. The...
  • Right-to-Work, Tax Rates Paint Interesting Picture

    09/08/2014 10:21:38 AM PDT · by MichCapCon
    Capitol Confidential ^ | 9/2/2014 | Michael LaFaive
    Scholars with the Mackinac Center for Public Policy, as well as other institutions, have used descriptive statistics in conjunction with empirical evidence to tell stories — sometimes profound ones. A good example of this was published recently by “Opportunity Ohio” and should be explored further. One of my favorite uses of descriptive statistics numbers involves right-to-work laws and American migration. For many reasons, Americans pick up and move. Often such moves involve economic motivations. A great policy question is why so many Americans have moved from non-right-to-work states to ones with such legal protections. Is it just a coincidence or...
  • IRS Plans To Tax Free Meals Silicon Valley Companies Dole Out to Employees

    09/06/2014 4:22:15 PM PDT · by SeekAndFind · 59 replies
    International Business Times ^ | 09/06/2014 | Zoe Mintz
    Silicon Valley companies are known to cater to their hard working employees. Free yoga classes, nap rooms and meals are among the perks their workers enjoy. A recent Wall Street Journal report reveals that the Internal Revenue Service could be targeting these fringe benefits, more specifically "employer-provided meals" in the next fiscal year. In the agency’s recently released Priority Guidance Plan for 2014 to 2015, the IRS states that the free meals will now be considered a taxable fringe benefit, the same way a company car or phone is. Rather than taxing employees themselves -- an arduous if not impossible...
  • IRS says it has lost emails from 5 more employees

    09/05/2014 3:05:21 PM PDT · by Crazieman · 109 replies
    AP ^ | By STEPHEN OHLEMACHER
    WASHINGTON (AP) -- The IRS says it has lost emails from five more workers who are part of congressional investigations into the treatment of conservative groups that applied for tax exempt status.
  • Is Canada Now More American than America?

    09/05/2014 7:11:29 AM PDT · by SeekAndFind · 12 replies
    National Review ^ | 09/05/2014 | John Fund
    The merger of U.S. hamburger giant Burger King with Tim Hortons, Canada’s favorite coffee shop, will create the world’s third largest fast-food company, with a total of 18,000 restaurants in over 100 countries. It is also a piercing wake-up call for the U.S., because the new company will make its global headquarters in Canada’s province of Ontario. That underscores what savvy businesses everywhere have learned — the U.S. is an increasingly less attractive place to do business. “Canada has quietly and politely become, well, more American than America,” says columnist Stephen Green. Since 2003, more than 35 major U.S. companies...
  • No Such Thing As A Free Lunch: IRS Mulls Tax On Employee Meals [Pre-Cursor to Health Insurance]

    09/05/2014 7:00:18 AM PDT · by SoFloFreeper · 40 replies
    Forbes ^ | 9/4/14 | Kelly Phillips Erb
    When I was contemplating where I might want to practice after law school, I was struck by the description of one particular firm in Philadelphia with a thriving tax practice. A former partner warned me off, explaining that they brought lunch to your desk. After years of scratching together my own lunch, I thought that sounded pretty great so I asked what was so terrible about having your lunch brought to you. “They do it,” she said simply, “Because they don’t want you to leave.” ....On August 26, 2014, the Department of Treasury released the 2014-2015 Priority Guidance Plan (downloads...
  • Comptroller Study Shows Difficulty of Predicting Future (TX)

    09/04/2014 1:29:44 PM PDT · by smokingfrog · 8 replies
    Texas Tribune / myhighplains.com ^ | 9-4-14 | Aman Batheja and Jessica Hamel
    As Texas lawmakers convene in January for the next legislative session, their chief task will be to write a two-year budget. And the state's next comptroller will be charged with estimating how much revenue lawmakers can expect to work with. The responsibility has become a political minefield, particularly after Comptroller Susan Combs’ estimate ahead of the 2011 session drew criticism for underestimating tax revenue by several billion dollars. Combs’ office recently researched the accuracy of revenue estimates going back 40 years and found that, by one measure, other comptrollers’ estimates have landed farther from the actual number. Since 1942, the...
  • Abolish the Corporate Tax: It’s dumb, corrupt, onerous, and pointless.

    09/04/2014 7:04:44 AM PDT · by SeekAndFind · 27 replies
    National Review ^ | 09/04/2014 | Kevin D. Williamson
    The nominal corporate-income-tax rate in the United States is 35 percent, the highest in the developed world. That’s the on-paper rate. The effective corporate-income-tax rate — i.e., the actual rate — is . . . a matter of some dispute, but Martin A. Sullivan, a highly regarded economist specializing in taxation, puts it around 28 percent. Others have estimated the rate to be much lower: A Government Accountability (ha!) Office study put the figure at about 13 percent. Let’s put it at 0.00 percent. In reality, the effective corporate tax rate varies substantially from firm to firm and from industry...
  • The Punitive Economic Cost of Class-Warfare Taxation

    09/02/2014 9:14:14 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | September 2, 2014 | Daniel J. Mitchell
    IÂ’ve already shared a bunch of data and evidence on the importance of low tax rates.A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth.An economist from Cornell found lower tax rates boost GDP.Other economists found lower tax rates boost job creation, savings, and output.Even economists at the Paris-based OECD have determined that high tax rates undermine economic performance.And itÂ’s become apparent, with even the New York Times taking notice, that high tax rates drive away high-achieving people.WeÂ’re going to augment this list with some additional...
  • Several Swiss banks pull out of U.S. tax program: paper

    09/01/2014 5:46:49 AM PDT · by Beave Meister · 24 replies
    Yahoo.com ^ | 8/31/2014 | Reuters
    ZURICH (Reuters) - At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources. Around 100 Swiss banks came forward at the end of last year to work with U.S. authorities in a program brokered by the Swiss government to help the banks make amends for aiding tax evasion. "At least 10 banks that had decided at the end of 2013 to pay a fine have withdrawn their decision," NZZ am Sonntag said, quoting unnamed lawyers and...