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Keyword: taxes

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  • Three Reasons Scott Walker Is Still The Likely Nominee

    04/24/2015 7:19:44 AM PDT · by Cincinatus' Wife · 32 replies
    Daily Caller ^ | April 23, 2015 | Christian Whiton, “Smart Power: Between Diplomacy and War”
    In this election, the mainstream media — always subconsciously eager to remain the palace eunuchs in the Democrats’ Forbidden City — will back Hillary or whomever the Democrats nominate. Should a Republican win the White House, the shrill cries over the miniscule “sequestration” cuts to domestic spending in 2013 will be but a mild preview of what’s to come. The Obama legacy and these challenges are why many Republicans want to nominate an experienced governor to run — preferably one with a revolutionary flair and serious political skill.Jeb Bush announced his exploratory PAC in mid-December, and led most Republican polls...
  • When the FCC came knocking ...

    04/23/2015 7:42:19 AM PDT · by TurboZamboni · 11 replies
    Pioneer Press ^ | 4-21-15 | Eric Cope
    The Federal Communications Commission recently adopted a plan to regulate the Internet like the phone companies of the 1930s. The decision is wrong for countless reasons, including an imminent reduction in investment and innovation. To undo these burdensome regulations, Congress should work together in the coming months to pass a law that both ensures the desired consumer protections everyone favors but forgoes the antiquated 1930s-style public-utility regulations. Let's take a step back. The FCC initially proposed last year to adopt a simpler set of rules guaranteeing that the Internet remains open and available to all users. This type of regulation...
  • Clinton charities now re-filing years of tax returns after Reuters found 'errors'

    04/23/2015 7:22:31 AM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 04/23/2015 | Ed Lasky
    Clinton rules mean they feel entitled to …well…everything. Now that Hillary Clinton has announced her candidacy, even the mainstream media has started to raise questions regarding the Clinton Foundation. In the wake of reports of pay-to-play donations made to the foundation from rogue nations and Iranian sanction busters, Reuters has investigated the disclosures made by the foundation for years and found them wanting. From Jonathan Allen: Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation...
  • You Can’t — and Shouldn’t — Abolish the IRS [A critique of Ted Cruz's proposal]

    04/23/2015 7:05:16 AM PDT · by SeekAndFind · 85 replies
    National Review ^ | 04/23/2015 | by PATRICK BRENNAN
    ‘Completely unworkable,” “irresponsible,” “happy talk,” “a disservice to the political process.” That’s just a sampling of what tax experts, most of them right of center, told me they think of one of the most popular lines from Ted Cruz’s stump speech, his promise to abolish the Internal Revenue Service. Senator Cruz has been talking about the idea for a couple of years now, but it got a bit more attention when he mentioned it in the speech he gave at Liberty University to officially launch his presidential campaign. You can expect the idea to get even more popular in light...
  • Colorado lawmakers start work on marijuana refund proposal

    04/22/2015 10:52:54 AM PDT · by Citizen Zed · 5 replies
    Albuquerque Journal News ^ | 4-22-2015 | Kristen Wyatt, AP
    Colorado lawmakers started work Wednesday on a proposal to ask voters to keep some $58 million in marijuana tax collections. Colorado voters already approved the taxes on recreational pot sales in 2013. But because that ballot measure didn’t account for a quirk in state law related to new taxes, the money will have to be refunded unless voters again approve the 10 percent sales and 15 percent excise taxes. Colorado voters approved the taxes the first time by a 2-to-1 margin. The new ballot measure has broad bipartisan support, with lawmakers calling the measure a do-over of what voters already...
  • Apparently, no one at MSNBC pays taxes

    04/22/2015 7:43:59 PM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 04/22/2015 | NOAH ROTHMAN
    Democrats are fond of accusing Republicans of being hypocrites on a variety of issues, but particularly when it comes to tax policy. The liberal comedian Bill Maher recently claimed that Republicans expose themselves to this critique when they champion the value of hard work and perseverance while simultaneously opposing the inheritance tax. “If the tough love of cutting off free money for the poor is the right thing to do, how can we stand by and do any less for the Conrad Hiltons of the world? They’ve never known the dignity of work either,” Maher insisted recently. “Shouldn’t we...
  • Minnesota's youth exodus spells trouble ahead for labor force

    04/21/2015 5:52:24 AM PDT · by TurboZamboni · 19 replies
    Start Tribune ^ | 4-18-15 | Jackie Crosby
    Every year since 2002, Minnesota has been losing residents to other states. What’s worse: Young adults are leaving in the greatest numbers. Casey Sperzel is Minnesotan through and through. She grew up in Maple Grove, went to college at the University of Minnesota, and lived in both St. Paul and Minneapolis. But when the 27-year-old met with a job recruiter last year, she was set on the Pacific Northwest. “I don’t think I’ll be back,” said Sperzel, now with a Seattle ad agency. States are scrambling for young professionals like Sperzel to help offset the wave of baby boomer retirements....
  • Cuts in Social Security, Confiscation, or Wealth Redistribution?

    04/20/2015 5:05:31 PM PDT · by Sean_Anthony · 26 replies
    Canada Free Press ^ | 04/20/15 | Dr. Ileana Johnson Paugh
    If anything needs cutting or confiscating is the politicians' power and insatiable desire to spend the taxpayers' money The Governor of New Jersey, Chris Christie, gave a speech on Tuesday, April 14, 2015, in which he proposed, among other things, raising the retirement age from 67 to 69. He stated that, “We should remember that Social Security at its core should be retirement insurance. I’m suggesting that Americans pay into the system throughout the course of their life, knowing that it will be there, if they need it, to support them in their later years, so seniors will not grow...
  • These Blue States Have Tried the Elizabeth Warren Model. Their Residents Are Fleeing.

    04/19/2015 7:09:31 PM PDT · by lowbridge · 36 replies
    dailysignal.com ^ | april 19, 2015 | stephen moore
    Massachusetts Sen. Elizabeth Warren recently appeared on one of the late night talk shows, beating the class warfare drum and arguing for billions of dollars in new social programs paid for with higher taxes on millionaires and billionaires. In recent years, though, blue states such as California, Illinois, Delaware, Connecticut, Hawaii, Maryland and Minnesota adopted this very strategy, and they raised taxes on their wealthy residents. How did it work out? Almost all of these states lag behind the national average in growth of jobs and incomes. So, if income redistribution policies are the solution to shrinking the gap between rich...
  • Feds drop almost half million dollars to study 'first penetrative' gay encounter

    04/18/2015 5:13:23 PM PDT · by blueyon · 65 replies
    Examiner ^ | 4/17/15 | Timothy Whiteman
    Between the shrimp on a treadmill study and then the IRS's Star Trek-themed training films, there have been more than a few cries of outrage from taxpayers fed-up with their hard earned dollars seemingly wasted on hyper-frivolous reports and projects, the federal government doesn't seem to have gotten the message. Case in point would be the article published by The Washington Free Beacon on April 17, 2015, which details the government dropping nearly a half million dollars to study the levels of sexual satisfaction for men after their first "penetrative same-sex experience." With the impressive project title of FIRST AND...
  • Where your tax dollars go

    04/18/2015 9:31:14 AM PDT · by TurboZamboni · 5 replies
    Pioneer Press ^ | 4-14-15 | John Gray
    It's a question that naturally springs to mind when tax season rolls around: Where are all those tax dollars being spent? In total, Washington will spend $12,304 per citizen. Unfortunately, the government will collect only $10,878 in tax revenue per person. That means that, you, the American citizen, will be left with an additional tab of $1,426, on average. The $1,426-per-person represents this year's deficit of $455 billion. Perspective: Adjusting for inflation, the government spent $894 per person in 1940, $7,319 per person during the peak of World War II (1945), $6,026 per person in 1980 and slightly more than...
  • In Our Opinion: Don't fall for Cruz's IRS ploy

    04/17/2015 8:19:45 PM PDT · by 2ndDivisionVet · 24 replies
    The Oneonta Daily Star ^ | April 17, 2015 | The Editors
    If you’ve recently finished running the gantlet known as income tax preparation, you might be particularly cheered by Sen. Ted Cruz’s suggestion to abolish the Internal Revenue Service. After all, few of us — except perhaps a few tax preparers for whom the practice provides a livelihood — enjoy navigating the increasingly arcane bureaucracy that governs our tax code. Every year, it seems, there are new rules, new deductions, new forms to fill out and new uncertainty about how all of it will affect one’s bank account. So when Cruz and fellow presidential campaigner Sen. Rand Paul began talking about...
  • Glenn Beck Tears Into Marco Rubio’s Proposed Tax Plan: ‘Let’s Just Vote for Barack Obama Again’

    04/17/2015 4:54:11 PM PDT · by kingattax · 26 replies
    The Blaze ^ | Apr. 14, 2015 | Erica Ritz
    Glenn Beck on Tuesday said the tax reform plan proposed by Senator Marco Rubio (R-Fla.) is “bizarre” and an “absolute jobs killer.” Rubio announced he will be running for president in 2016, and Beck said his tax plan is so bad, Americans may as well “just vote for Barack Obama again.” According to Politico, Rubio’s plan is designed to “reward families with children while slashing levies on business and investment income but keeping a top rate personal income rate of 35 percent, far higher than many Republicans would like.” Though 35 percent is a slight cut from the current top...
  • Obama's Big Lie That Wealthy Americans Aren't Paying Their "Fair Share" In Taxes Is Exposed

    04/17/2015 4:15:23 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 17, 2015 | Donald Lambro
    WASHINGTON - The American people are overtaxed by a waste-ridden government whose grotesquely swollen budget could be shrunk by hundreds of billions of dollars without harming its necessary functions and programs. We know this is true because of years of shocking audits produced by Congress's Government Accountability Office that have exposed massive levels of waste, inefficiency, duplication, mismanagement and thievery throughout the federal bureaucracy. Keep this in mind the next time you hear the Democrats in Congress and President Obama proposing that we raise taxes on wealthier Americans who, they say, "aren't paying their fair share." It's one of the...
  • Finally: Congress is Trying to Abolish The Death Tax

    04/17/2015 12:28:31 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | April 17, 2015 | Katie Pavlich
    They say there are two things that are certain in life: death and taxes. If you're a Democrat, you can add death taxes to that list. The death tax, which was being phased out by President Bush from 2001-2008 but revived by the Obama administration in 2009, currently sits at 40 percent. More background from Heritage: Estate tax (death tax) repeal. The Bush tax cuts phased out the death tax. It was supposed to be completely eliminated after 2009. However, after being dormant for one year in 2009, the 2010 deal between President Obama and Congress brought it back to life at...
  • Adam Carolla ‘Supports’ Ted Cruz, Thanks Him for Anti-IRS Stance

    04/17/2015 11:27:03 AM PDT · by 2ndDivisionVet · 18 replies
    Mediaite ^ | April 17, 2015 | Andrew Kirell
    Comedian and radio personality Adam Carolla is apparently a big fan of Sen. Ted Cruz. During a Friday morning interview with the Texas Republican, Carolla approved of the presidential candidate and personally thanked him for wanting to outright abolish the Internal Revenue Service. “Thank you so much for wanting to eliminate the IRS,” Carolla began the conversation. “It’s driving me nuts.” “I think that is a powerful populist issue and today is the day when its on people’s minds,” Cruz said, reminding listeners that Wednesday was Tax Day. Carolla argued that taxes are an important issue that gets overshadowed by...
  • House quietly passes tax exemption for megadonors

    04/17/2015 10:12:21 AM PDT · by Theoria · 15 replies
    Politico ^ | 16 April 2015 | Kenneth P. Vogel and Hillary Flynn
    Major contributors like the Koch brothers and Tom Steyer would get a break on gift taxes to secretive non-profit groups. The House on Wednesday with little fanfare passed legislation that would protect major donors like the Koch brothers and Tom Steyer from having to pay gift taxes on huge donations to secret money political groups. The legislation, which now heads to the Senate, is seen by fundraising operatives as removing one of the few remaining potential obstacles to unfettered big-money spending by nonprofit groups registered under a section of the Tax Code — 501(c) — that allows them to shield...
  • Which Companies Paid The Most Income Tax In 2014

    04/17/2015 9:25:10 AM PDT · by SeekAndFind · 41 replies
    Zero Hedge ^ | 04/17/2015 | Tyler Durden
    Apple's market capitalization of $730 billion may now be more than double that of Exxon Mobil, but when it comes to taxes paid to the US government, it's no contest: the company with record profitability that so many progressive hipsters adore and for whose products they line up with annual regularity is billions of dollars below its "fair" contribution to the US Treasury. Ironically, it is eclipsed by that other company that so many progressives love to hate: Exxon Mobil, which paid $4 billion more in tax than Apple, yet whose valuation has been cut by 15% over the past...
  • PERS reform bill author touts alternative to pensions (Nevada)

    04/17/2015 8:18:25 AM PDT · by redreno · 1 replies
    http://www.reviewjournal.com ^ | April 15, 2015 - 1:41pm | By SEAN WHALEY
    CARSON CITY — A state lawmaker pushing for major changes to the state public employee retirement plan told a committee Wednesday that long-term workers would do better under his proposal than with the current defined-benefit pension plan. Assemblyman Randy Kirner, R-Reno, testified in support of his Assembly Bill 190 in front of the Ways and Means Committee. The bill would establish a new hybrid retirement plan for public employees hired as of July 1, 2016. The bill is fiercely opposed by public employee groups who argue the existing Public Employees Retirement System plan is well-managed and does not need to...
  • On Met Council, we get cronyism, not reform

    04/16/2015 8:01:39 PM PDT · by TurboZamboni · 4 replies
    Star Tribune ^ | 4-15-15 | DAVID OSMEK
    In January, the 89th Legislature convened to begin its work. With the elections behind us and the House under Republican leadership, we opened the session with a renewed sense of bipartisanship. Many suburban legislators, myself included, had high hopes for one particular bill that would inject some common-sense into a major concern of local city councils — the Metropolitan Council. The Met Council is an unelected body that has the power to tax and spend over $1 billion every year and inject itself regularly into local government decisions. It has the authority to dictate (among other things) where new trains...
  • Love it or Hate it, Voters are Aware of Tax Hike Proposal

    04/16/2015 1:37:27 PM PDT · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 4/15/2015 | Jack Spencer
    If either side in the battle over the Proposal 1 sale tax increase on the May 5 ballot is hoping for an unusually low voter turnout they're likely to be disappointed. A poll commissioned by the Mackinac Center for Public Policy shows that the number of Michigan voters aware of and planning to vote on the measure is substantial. “It’s clear that a lot of people are interested in the upcoming election, and very few of those who are interested have made a conscious decision not to participate,” said Mark Grebner, president of Practical Political Consulting, which conducted the poll....
  • Should meat be taxed like alcohol and cigarettes?

    04/16/2015 12:37:12 PM PDT · by Citizen Zed · 95 replies
    Sun Sentinel ^ | 4-16-2015 | Heather Moore
    <p>At this time of year, the last thing anyone wants to think about is paying more taxes. But there's one tax I'm in favor of - and you should be, too, if you care about your health and the health of the planet: a sin tax on meat, cheese and other animal-based foods.</p>
  • Would You Let the I.R.S. Prepare Your Taxes?

    04/16/2015 7:28:04 AM PDT · by SeekAndFind · 23 replies
    New York Times ^ | 04/16/2015 | Farhad Manjoo
    Around this time every year, Joseph Bankman, a professor of tax law at Stanford Law School and a longtime advocate of using technology to simplify tax filing, gets on the phone with reporters to explain what is wrong with how we do our taxes in the United States. Every year he says pretty much the same thing: No other industrialized country asks its citizens to jump through as many hoops to calculate their taxes as ours. It isn’t just lawmakers or the hapless-seeming Internal Revenue Service that is perpetuating the annoyance of tax time, he adds. Instead it is the...
  • Chicago: Economic Death Spiral After 84 Years of Democratic Control

    04/16/2015 4:22:20 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | April 16, 2015 | Larry Elder
    Chicago Mayor Rahm Emanuel, after winning reelection, pronounced Chicago "the greatest city in America." Run by Democrats for more than eight decades, Chicago should serve as a showplace that reflects the wonderful world of "progressive policies." Public schools are a mess, and the city's finances place their bonds at near junk level. In 2013, the city averaged 36 homicides a month, with the majority of them unsolved. CNN aired a series on Chicago called "Chicagoland," starring the city's dynamic mayor. Presumably, Emanuel thought it would show off the mayor as he tackled the city's problems. Why, if the man his...
  • Fraud and the IRS

    04/15/2015 5:07:37 PM PDT · by lyby · 27 replies
    lyby ^ | 4-15-2015 | lyby
    I have believed for close to 20 years that the 16th amendment was never properly ratified and that the IRS and all the shenanigans we citizens go through every year is ILLEGAL. For all of my adult life, I have spent 6 months dreading tax season and then 6 months worrying if maybe I had done something wrong when filing them. This year, when our tax preparer (for the first time in my adult life, we actually hired a preparer as I believed that a citizen should NOT have to pay someone else to do their taxes, as it should...
  • So What Happens if the May 5 $2 Billion Tax Hike Fails?

    04/15/2015 2:12:35 PM PDT · by MichCapCon · 13 replies
    Michigan Capitol Confidential ^ | 4/13/2015 | Tom Gantert
    While the impending May 5 election hasn’t quite kept the Legislature in a complete holding pattern so far this year, it can be said Gov. Rick Snyder and lawmakers have been toiling beneath its shadow. Approval or rejection of Proposal 1 by Michigan voters will likely set the stage for much of what happens in state government for the balance of 2015. Meanwhile, with the Legislature out of town for its annual spring break, Michigan Capitol Confidential asked some Lansing political observers about Proposal 1 and other topics. Q. If Proposal 1 — the $2 billion sales tax hike that...
  • 7 Things Every American Needs To Know About Taxes

    04/15/2015 1:13:16 PM PDT · by ThethoughtsofGreg · 12 replies
    American Legislator ^ | 4-15-15 | Will Freeland
    Today is tax day in America. As always, it features a lot of confusion with tax forms, some rushed trips to the post office and a whole lot of heartburn as taxpayers are reminded just how much they paid in taxes over the previous year. Despite the fact that every American constantly is affected by local, state and federal taxes, there is still a large number of Americans who don’t know about taxes. Here are seven things many every American should know about taxes. 1. Taxes Cost a Whole Lot Taxes on all levels consume over a quarter of gross...
  • CRUZ: More of Americans’ hard-earned wages should be able to stay in their wallets

    04/15/2015 12:49:48 PM PDT · by 2ndDivisionVet · 26 replies
    The Pearland Journal ^ | April 15, 2015 | Senator Ted Cruz (R-TX)
    U.S. Sen. Ted Cruz, R-Texas, released the following statement marking Tax Day: "Tax day is upon us again. But this year it’s different. This year, on top of the frustrating reminder that Americans are giving too much of their income to fund too many wasteful government programs, families are now being forced to pay the Obamacare tax for the first time. "Instead of government-run healthcare that increases taxes, limits options, and puts the government between patients and their doctors, imagine a free-market system that enables healthcare to be personal, portable and affordable. Instead of a tax code that crushes innovation...
  • Get a job? Most welfare recipients already have one

    04/15/2015 9:53:04 AM PDT · by redreno · 12 replies
    http://finance.yahoo.com ^ | 04/15/2015 | By Eric Morath
    It’s poor-paying jobs, not unemployment, that strains the welfare system. That’s one key finding from a study by researchers at the University of California, Berkeley, that showed the majority of households receiving government assistance are headed by a working adult.
  • Smuggled, Untaxed Cigarettes Are Everywhere in New York City

    04/15/2015 7:49:04 AM PDT · by Kid Shelleen · 25 replies
    Village Voice ^ | 04/07/2015 | Jon Campbell
    As six armed officers pour out of two unmarked Ford Explorers on a Long Island City street corner, you can see the confusion on the faces of gawkers and passersby. One woman looks up from her phone and does a sitcom-worthy double-take when she notices their windbreakers, embossed with the word "SHERIFF" in big gold letters, front and back. That might be because few have ever heard of the New York City Sheriff's Office. But those who have know what happens next. And, not surprisingly, when they burst into a corner store near 40th Avenue and 21st Street, the clerk...
  • Tax Day: A Good Day For a Class War

    04/15/2015 8:32:12 AM PDT · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 4-15-2015 | MOTUS
    So, it’s tax day.And you know what that means: it’s the day we celebrate the redistribution of wealth rather than its creation. It’s the day the government decides how much of what you make belongs to them - to give to somebody else. Or more to the point, it’s the day the ‘have lot’s’ ante up for the benefit of the ‘have gotz’.It should be interesting to see how President–in-waiting Hillary, champion of the proletariat, celebrates the day. She will most likely  emphasize the the income gap between the haves and the have nots because nothing stirs the heart to...
  • Is the American Tax Revolt Over With?

    04/15/2015 8:26:27 AM PDT · by SeekAndFind · 8 replies
    RCM ^ | 04/15/2015 | Robert Samuelson
    It's mid-April, and Karlyn Bowman - the astute public opinion analyst at the American Enterprise Institute - has noticed something significant. Tax Day "comes and goes without a ripple," she recently wrote. There's not much fuss. Discontent with the income tax has ebbed. To buttress the point, Bowman cited intriguing survey data. A recent Gallup Poll found that only 1 percent of Americans rated taxes the nation's top problem. In a Pew poll, respondents ranked "reforming" the tax system 16th out of 24 problems. Indeed, Gallup reports that roughly half of Americans think their income-tax burden is about right. Of...
  • Kill the death tax

    04/15/2015 8:24:27 AM PDT · by SeekAndFind · 9 replies
    Washington Times | 04/15/2015 | Thomas Fletcher
    With the federal budget debate underway in Washington, both political parties are certainly sparring over different fiscal visions for the country. There is, however, a chance for rare bi-partisan agreement: repealing the federal death tax. This unpopular tax has long had an adverse impact on small, family business owners who want the next generation to continue the family legacy. Currently, the federal government seizes over 40 percent of an individual’s estate when they die. While the President wants to destroy so many of those legacies and raise taxes, Congress has the chance to go in a different direction. Federal lawmakers...
  • New State Tax Payment System Causing Headaches for Businesses

    04/15/2015 7:55:38 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 4/11/2015 | Anne Schieber
    Michigan business owners are running into problems with the state’s new online system for filing sales, use and payroll taxes, and some are worried that if they can’t make timely payments, they will be stuck with fines and interest charges. Asked if the state would waive penalties, Michigan Department of Treasury spokesman Terry Stanton said the “penalty and interest waiver will be accomplished systematically on a case-by-case basis.” The Treasury Department has also changed its stand on mail-in tax payments. Before the system went online, businesses were told the electronic system was mandatory. Now, Treasury is only requiring it for...
  • Tax Day 2015: Freebies From Pizza Hut, McDonald's, Boston Market and More

    04/15/2015 7:41:35 AM PDT · by SoFloFreeper · 4 replies
    Latin Post ^ | 4/15/15 | Robert C Welch III
    Let's take a look at some freebies and deals offered on Tax Day. Pizza Hut is getting creative with their P-2 form. Customers will fill out the P-2 form that asks questions like "how many pizzas did you order in 2014?" and "how many different combinations did you try in 2014?" ....Head over to McDonald's for the ultimate Big Mac deal. Buy one Big Mac or Quarter Pounder on Tax Day and receive a second sandwich for just one penny... Boston Market is offering a free dinner with a purchase of an individual meal.... Staples knows that after customers have...
  • Shaming Those Who Skip Out on Taxes

    04/15/2015 5:15:12 AM PDT · by Oldeconomybuyer · 31 replies
    New York Times ^ | April 15, 2015 | By RICARDO PEREZ-TRUGLIA and UGO TROIANO
    ...Some people are hard up and can’t afford to pay their taxes. But others simply choose not to pay. When traditional enforcement strategies, like charging above-market interest rates on the debt, don’t work, the government uses a number of tools to collect these taxes. But traditional collection methods don’t always work. In a recent study, we used another strategy that got results: publicly shaming tax delinquents. It should be a key part of government efforts to increase the collection of tax debts, and thanks to the Internet and social media, the government has the means to make it even more...
  • This Empire of the Sun Is Built on the Shifting Sands of Subsidies

    04/14/2015 3:37:02 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 14, 2015 | David Williams
    One can’t help but be impressed by the seemingly great strides solar energy has been making of late. Bullish reports abound of added capacity, aggressive expansion, technical advances and a solar jobs boom. Industry elites engage in bold financial maneuvers that would make Gordon Gekko proud. But don dark enough shades to see through the media-generated glare, and the picture looks less sunny -- and sometimes maybe a little shady. The boom -- some might even call it a “bubble” -- America’s solar energy industry is enjoying stems neither from overwhelming competitive-market success nor from long-promised technological breakthroughs that finally...
  • Livingston County Republican Party comes out against Proposal 1 (Michigan)

    04/14/2015 8:06:47 PM PDT · by Darren McCarty · 11 replies
    WXYZ-TV ^ | 4-14-2015 | Dave LewAllen
    BRIGHTON, Mich. (WXYZ) - Is Proposal 1 the right solution for our crumbling roads? It has the support of Republicans in Lansing, but one local GOP group is breaking with their party on this vote. Three weeks from today, voters across the state will have the final say on Proposal 1. In the meantime, there's no shortage of opinions on this proposed "fix" for Michigan's crumbling roads. "I'm like everyone, I'm for getting the roads fixed and I don't want taxes to increase," says voter Jim Johnson. "I want it to go to what they actually are saying it's supposed...
  • Marco Rubio's 'Complicated' Tax Plan Likely to Fall Flat With GOP

    04/14/2015 11:57:06 AM PDT · by SeekAndFind · 62 replies
    Newsmax ^ | 04/14/2015 | Melissa Clyne
    Florida Sen. Marco Rubio, expected to soon announce his candidacy for president, plans to steal Democrats' thunder and target income inequality by campaigning on a tax plan that he promises will "reward families with children while slashing levies on business and investment income but keeping a top rate personal income rate of 35 percent," according to Politico. Rubio’s plan, a joint effort with Utah Sen. Mike Lee, pares down tax brackets to just two — 15 percent and 35 percent, while also creating a new child tax credit worth $2,500 and eliminating the estate tax, Politico reports. For corporations, the...
  • Tax Time and the Bible's Story About Government

    04/14/2015 9:08:16 AM PDT · by SeekAndFind · 7 replies
    Christian Post ^ | 04/14/2015 | BY REV. MARK H. CREECH
    Back in the 1980s, I was an associate minister in charge of the children's ministry at a church in upstate New York – not far from Buffalo. The church had a children's worship that met on Sunday mornings separate from the adult's traditional morning worship. The children's church service featured special characters that would share the Gospel in ways that resonated well with kids. There was, "Tick-Tock the Grandfather Clock," "Jack, the Pirate," "Moe, the Hobo," and "The Old Circuit Rider," who actually rode a real horse to church on the Sundays he visited. The youngsters loved it and attendance...
  • DOJ Singles Out Tax Cheats in a Pay-or-Else Warning to Taxpayers

    04/14/2015 8:03:51 AM PDT · by Rusty0604 · 29 replies
    CNS News ^ | 04/14/2015 | By Susan Jones
    CNSNews.com) - The U.S. Justice Department issued a stern reminder on Monday that when it comes to income taxes, "no one is above the law or below the radar." And to reinforce that message, the DOJ news release listed 23 cases where the government successfully prosecuted tax cheats. In one case, a California man was sent to prison for 55 months for selling fraudulent tax products; other cases involved the under-or concealing of income, the skimming of cash receipts, failure to pay tax due, filing false returns, and transferring assets to avoid taxes. The people named in those 23 cases...
  • Abolish the IRS: The current tax system damages the economy and civil liberties

    04/14/2015 6:31:30 AM PDT · by SeekAndFind · 17 replies
    Washington Times ^ | 04/14/2015 | Richard Rahn
    Abolish the Internal Revenue Service? IRS Commissioner John Koskinen has said the government must have an IRS to collect the taxes to fund the government. Mr. Koskinen is right that no matter what kind of tax system we have, there needs to be a tax collection bureau. But those in favor of abolishing the present IRS are correct in that the United States certainly can get along perfectly well without the politicized, abusive and rights-trampling tax agency the IRS has become. Mr. Koskinen and others who defend the IRS claim the problem is with the tax law, which is written...
  • U.S. prescription drug spending rose 13 pct in 2014-IMS report

    04/14/2015 4:30:07 AM PDT · by SoFloFreeper · 6 replies
    Reuters ^ | 4/14/15 | Bill Berkrot
    U.S. spending on prescription medicines jumped 13 percent to $374 billion in 2014, the biggest percentage increase since 2001, as demand surged for expensive new breakthrough hepatitis C treatments, a report released on Tuesday showed. Demand for newer cancer and multiple sclerosis treatments, price increases on branded medicines, particularly insulin products for diabetes, and the entry of few new generic versions of big-selling drugs also contributed to the double-digit spending rise in 2014, the report by IMS Health Holdings Inc found.
  • The redistribution racket: These are the states whose residents are voting with their feet

    04/13/2015 2:00:19 PM PDT · by SeekAndFind · 25 replies
    Washington Times ^ | 04/13/2015 | Stephen Moore
    Massachusetts Sen. Elizabeth Warren appeared on one of the late night talk shows last week, beating the class warfare drum and arguing for billions of dollars in new social programs paid for with higher taxes on millionaires and billionaires. In recent years, though, blue states California, Illinois, Delaware, Connecticut, Hawaii, Maryland and Minnesota adopted this very strategy, they raised taxes on their wealthy residents. How did it work out? All of these states lag behind national average in growth of jobs and incomes. So, if income redistribution policies are the solution to shrinking the gap between rich and poor, why...
  • Florida Gov. in Calif. to Poach Jobs

    04/13/2015 11:53:32 AM PDT · by Enterprise · 25 replies
    www.kmjnow.com ^ | April 13, 2015 | Unknown
    Florida Gov. Rick Scott is the latest state leader on a jobs-poaching trip to California. Scott will visit a jobs forum in Los Angeles on Monday, where he will discuss why California businesses should move their operations to Florida.
  • The Fortune 500 companies that didn't pay a PENNY in 2014 income tax despite being worth BILLIONS

    04/13/2015 11:18:38 AM PDT · by Enlightened1 · 86 replies
    Daily Mail ^ | 4/13/15
    At least 15 Fortune 500 companies, many of them worth north of a $1 billion, paid zero income taxes in 2014, says a report out last week from the Citizens for Tax Justice. According to the report, household names like CBS, General Electric and Mattel all successfully manipulated the U.S. tax code to avoid paying taxes on their massive profits. Even more shocking: some of them even received tax rebates in the tens or even hundreds of millions
  • Proposal Will Cost Average Michigan Household Up to $525 a Year in Extra Taxes

    04/13/2015 10:39:48 AM PDT · by MichCapCon · 11 replies
    Michigan Capitol Confidential ^ | 4/11/2015 | Jack Spencer
    The average household in Michigan will pay as much as $525 more in taxes in 2016 if Proposal 1 is approved by voters on May 5, according to a study by the Mackinac Center for Public Policy. The study estimated that increasing the sales tax from 6 percent to 7 percent would cost a typical Michigan household $389 and the change in the fuel tax would cost between $88 and $136. “Policymakers chose to fix the roads with a tax hike instead of budget cuts,” said James Hohman, the author of the study and the assistant director of fiscal policy...
  • Man who shot himself dead on steps of Capitol was carrying 'Tax the 1%' sign

    04/12/2015 4:44:06 PM PDT · by Libloather · 44 replies
    Daily Mail ^ | 4/12/15
    A precautionary lockdown of the U.S. Capitol was lifted after about two hours Saturday following a suicide by a man carrying a sign demanding taxes for the '1%'. The man died after shooting himself on the west front of the Capitol building just after 1 p.m., Capitol Police spokeswoman Kimberly Schneider said. No one else was hurt. Capitol Police Chief Kim Dine said the man had a backpack and a rolling suitcase, triggering an hours-long lockdown, and a sign that said something about 'social justice.'
  • Sanders blasts U.S Corporations for Dodging Taxes

    04/12/2015 9:16:07 AM PDT · by Wolfie · 84 replies
    Senate Budget Committee ^ | April 09, 2015
    Sanders blasts U.S Corporations for Dodging Taxes BURLINGTON, Vt., April 9 – Sen. Bernie Sanders (I-Vt.), the Senate Budget Committee ranking member, today issued the following statement on new data showing the extent to which some American companies are avoiding taxes: “I applaud Citizens for Tax Justice for releasing new data today revealing the unfairness of our tax system and the fact that a number of the biggest and most-well known corporations in America continue to pay little or nothing in taxes. At a time when we have massive wealth and income inequality, and when corporate profits are soaring, it...
  • Obama In His Own Words: “Tax the heck out of people at the end and just redistribute it”

    10/19/2008 1:28:10 PM PDT · by ari-freedom · 104 replies · 3,123+ views
    audacityofhypocrisy.com ^ | August 22, 2008 | admin
    Buried in that 8,000 (!) word NYT magazine article about Obama’s economic plan that I mentioned yesterday, is this bit flagged by Geraghty at Campaign Spot: “If you talk to Warren [Buffet], he’ll tell you his preference is not to meddle in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.” He continued by saying that he thought there was some merit...