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Keyword: taxes

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  • An Uncivil Income Tax System

    04/05/2012 5:44:47 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | April 5, 2012 | Jeff Jacoby
    Each year in the United States, an estimated 6.1 billion hours are spent complying with the federal tax code. I'm pretty sure at least half of those hours are spent by me. With less than two weeks remaining before this year's tax returns are due, I've barely made a dent in my stack of forms, receipts, and instructions. Each year the prospect of doing my taxes looms more daunting and dismal than the year before. Each year I wonder where I'll find the time, never mind the patience, to get it done. Each year's tax ordeal seems to require more...
  • O'Malley may try for sales tax increase to fund roads, transit

    04/05/2012 5:08:25 AM PDT · by Tolerance Sucks Rocks · 14 replies
    The Baltimore Sun ^ | April 3, 2012 | Michael Dresser and Annie Linskey
    Gov. Martin O'Malley says he still hopes to convince the legislature to raise money for highway and transit projects — possibly by adding another penny to Maryland's six-percent sales tax and dedicating the extra revenue to transportation. In an interview with The Baltimore Sun, O'Malley conceded that his initial proposal to apply the sales tax to gasoline is dead in the General Assembly. But he said an alternative would be a delayed implementation of that proposal, with the sales tax not being applied until gas prices fell to a certain level. A second option, he said, would be to raise...
  • New train promised to be cheaper, sooner, longer, slower

    04/04/2012 7:55:42 AM PDT · by Mark Landsbaum · 16 replies
    The Orange County Register ^ | 4-4-2012 | The Orange County Register Editorial Board
    Desperate to spend billions rather than allow taxpayers to keep their money, the California High-Speed Rail Authority boasted Monday that it has cut costs, scaled back and speeded up the construction schedule of a train that should never be built. Like all government boasts, it isn't what it appears to be...
  • Maryland bills still to be settled: Budget, wind, casinos

    04/03/2012 9:35:28 PM PDT · by Tolerance Sucks Rocks · 2 replies
    The Washington Times ^ | April 2, 2012 | David Hill
    ANNAPOLIS — With just a week left in the 2012 General Assembly session, lawmakers have hundreds of bills left to consider. But only a handful of proposals will get most of their attention. The House and Senate still must approve a joint version of the state budget, which they are required to do before adjourning Monday. Legislators also will consider bills that would implement offshore-wind energy and set up a referendum on whether to allow table games and a new casino in Prince George’s County. A conference committee of House and Senate representatives got to work Monday on hashing out...
  • Americans More Embarrassed To Be Caught Shoplifting Or Littering Than Cheating On Their Taxes

    04/03/2012 6:22:12 PM PDT · by SeekAndFind · 30 replies
    Forbes ^ | 03/30/2012 | Janet Novack
    A new survey suggests Americans consider cheating on their taxes more socially acceptable than shoplifting, drunk driving or even throwing trash out the window of a moving car. The Shelton Group, a green marketing firm based in Knoxville, Tenn. had 1,105 Americans complete on-line surveys in an effort to find out what kind of messages will make them adopt more environmentally friendly and energy efficient products and behaviors. Towards the end of the survey, the respondents were asked directly: “How embarrassed would you be if someone you knew found out that you……” and then read a list of presumably undesirable...
  • Brazil tax cuts, credits throw lifeline to industry

    04/03/2012 12:42:31 PM PDT · by Oldeconomybuyer
    Reuters ^ | April 3, 2012 | By Alonso Soto and Luciana Otoni
    Brazil's government unveiled a new package of tax cuts, low-cost credits and other relief for ailing industries on Tuesday, seeking to resurrect a once-booming economy struggling to regain momentum. The measures were announced the same day that fresh data showed signs of life in Brazilian industry after a prolonged slump. Analysts, though, cautioned that the latest policies fail to tackle the overall tax burdens, heavy bureaucracy and lack of investment that have long held back Brazil. The government said it will cut payroll taxes to spur hiring in sectors as varied as textiles and plastics to the automotive industry. The...
  • The White House's Global Tax Gaffe

    04/02/2012 10:24:29 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-03-30 | Hugh Johnson
    On Sunday, Japan’s corporate tax reform kicks in and the United States will have the highest corporate tax rate in the world. Including average state taxes the corporate tax rate in the United States reaches an astounding 39.2 percent, much higher than the OECD international average marginal tax rate of 25.5 percent. Obama’s own former Council of Economic Advisers chairman, Austan Goolsbee, documented firm sensitivity to taxation. Goolsbee’s paper, published at the University of Chicago, highlighted increased deadweight loss as a significant adverse consequence of corporate taxation. Simply put, taxes create inefficiencies while giving governments more money to spend. Businesses,...
  • Alabama nightclub sponsors “Food Stamp Friday” party

    03/30/2012 11:46:18 AM PDT · by rightwingintelligentsia · 28 replies
    HotAir ^ | March 30, 2012 | Tina Korbe
    Flaunting food stamps almost seems to be a trend. First, Mr. EBT released his now-infamous rap. Shortly thereafter, girls followed suit with their own version. Now, a night club in Montgomery, Ala., is hosting its very own “Food Stamp Friday” party. On April 6, the Rose Supper Club in North Montgomery will offer a discounted cover charge — and free shots — to any patron who flashes a food stamp card at the door. Not surprisingly, some Montgomery residents aren’t happy about the way the party seems to glamorize a life on government assistance.
  • Fore! King Putt Obama goes golfing for a record 93rd time as wife and kids party in Las Vegas

    04/01/2012 5:08:04 PM PDT · by opentalk · 18 replies
    Fire Andrea Michelle ^ | April 1, 2012
    I guess the weather is finally warm enough on the east coast for King Putt Obama to resume hitting the links. After all, there’s nothing really happening in this country or elsewhere that could affect this country. It’s not like we have skyrocketing gas prices, a lousy economy, Iran getting a nuclear weapon or anything like that. While Michelle Obama took the kids to Las Vegas to party it up on the American tax payer’s dollar (just a week after the oldest daughter went on a secret vacation to Mexico with 25 secret service agents on 12 friends) Hussein Obama...
  • US now has highest corporate tax rates in the world (Not an April Foll's joke)

    03/31/2012 6:15:49 PM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 03/31/2012 | Rick Moran
    This OECD chart (bottom of the page) published by Heritage says it all: ____________________________________ The U.S. rate is well above the 25 percent average of other developed nations in the Organization for Economic Cooperation and Development (OECD). In fact, the U.S. rate is almost 15 percentage points higher than the OECD average. This gaping disparity means every other country that we compete with for new investment is better situated to land that new investment and the jobs that come with it, because the after-tax return from that investment promises to be higher in those lower-taxed nations. Our high rate also...
  • Obama 862 Billion Dollar Stimulus Package – Three Years Later.

    03/31/2012 4:21:21 PM PDT · by Driftwood1 · 14 replies
    Americanlivewire.com ^ | 3-28-12 | Danielle Sherrill
    Obama 862 Billion Dollar Stimulus Package – Three Years Later. February, 2012 marked the third year anniversary of Obama’s stimulus package. Has the stimulus delivered on Obama’s promises? Obama 862 Billion Dollar Stimulus Package – What was the Stimulus for? The stimulus, also known as the American Recovery and Reinvestment Act of 2009, is an economic stimulus plan that was signed into law by President Barack Obama on February 17, 2009. The main objectives of the stimulus were to 1) save and create jobs almost immediately; and 2) provide temporary reliefe programs for those most impacted by the recession and...
  • Obama 862 Billion Dollar Stimulus Package – Three Years Later.

    03/31/2012 4:20:53 PM PDT · by Driftwood1 · 3 replies
    Americanlivewire.com ^ | 3-28-12 | Danielle Sherrill
    Obama 862 Billion Dollar Stimulus Package – Three Years Later. February, 2012 marked the third year anniversary of Obama’s stimulus package. Has the stimulus delivered on Obama’s promises? Obama 862 Billion Dollar Stimulus Package – What was the Stimulus for? The stimulus, also known as the American Recovery and Reinvestment Act of 2009, is an economic stimulus plan that was signed into law by President Barack Obama on February 17, 2009. The main objectives of the stimulus were to 1) save and create jobs almost immediately; and 2) provide temporary reliefe programs for those most impacted by the recession and...
  • Obama calls on Congress to pass 'Buffett Rule' tax

    03/31/2012 10:13:58 AM PDT · by Free ThinkerNY · 17 replies
    Associated Press ^ | March 31, 2012 | JIM KUHNHENN
    WASHINGTON (AP) -- President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last September that aims to draw sharp election-year lines between the president and the Republican opposition. The plan, scheduled for a vote in the Democratic-controlled Senate on April 16, stands little chance of passing in Congress.
  • (No April Fools) The U.S. Is Now No. 1 - In Corporate Tax Rates

    03/31/2012 11:40:49 AM PDT · by raptor22 · 15 replies
    IBD editorials ^ | March 11, 2012
    Taxes: As the president complains once again that oil companies are getting unfair tax breaks, the U.S. passes Japan as the leader in business taxes. Workers, investors and entrepreneurs will bear the cost. On April 1, Japan will cut its corporate tax rate to 36.8% from 39.5%. This includes a 10% surtax that will expire in 2014. As it does, the U.S. will officially have the highest corporate tax rate in the world, with average combined federal and state profit levies of 39.2%. And, no, this is not an April Fools' joke. The news comes after President Obama once again...
  • Jerry Brown wants to tax billionaire Albanians – for the children

    03/30/2012 3:00:09 PM PDT · by landsbaum · 5 replies
    Have you heard the latest? Gov. Jerry Brown, that man of the common people, has a plan to save California by taxing only billionaires in Albania. To raise money for the children’s education of course. It’s pure political genius. None of us is a billionaire, or Albanian. And who doesn’t want to help the kiddies? It’s also not true. And it’s not even April Fool’s Day yet. But Brown has advanced something nearly as fraudulent . . .
  • Biden: "We Want To Create A Global Minimum Tax" (video)

    03/30/2012 9:13:25 AM PDT · by i88schwartz · 24 replies
    RealClearPolitics ^ | March 30, 2012 | RealClearPolitics
    "For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week. "We want to create a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.
  • Conservative Movement United Against Simpson-Bowles Budget Plan

    03/30/2012 10:29:29 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-03-30 | Ryan Ellis
    The House this week rejected the "Simpson-Bowles" budget by a 382-38 margin. Every major conservative group weighed in against the measure (full text, summary), which raises taxes over the next decade by $2 trillion, and is riddled with phony spending cut gimmicks and double-counting. Below is a summary of the united conservative movement opposition to this budget: Americans for Tax Reform Linked above Americans for Prosperity Dear Representatives, On behalf of the more than 1.9 million Americans for Prosperity activists in all 50 states, I strongly urge you to support both Chairman Ryan’s budget resolution and the Republican Study Committee...
  • IRS Already Gearing Up for Health-Care Crackdown (more IRS intrusions on taxpayer privacy)

    03/30/2012 6:37:07 AM PDT · by SeekAndFind · 39 replies
    Fox Business News ^ | 03/30/2012 | Elizabeth MacDonald
    The rest of the country may be waiting for the U.S. Supreme Court to decide the fate of President Barack Obama’s health-care law, but the Internal Revenue Service is wasting no time. It wants to add new agents to hunt down tax cheats and still plans to spend $303.5 million building a system to oversee the effects of the health law even though its future is unclear. As for the new IRS workers, the Government Accountability Office said the total will be about 4,500, with nearly 4,000 (3,997) slated for enforcement. On the $303.5 million for health care, the GAO...
  • False Advertising? The Governor’s ‘Millionaire’ Tax’

    03/29/2012 8:30:44 PM PDT · by cakid1 · 3 replies
    cbs47 ^ | 3-29-12 | cakid1
    False Advertising? The Governor’s ‘Millionaire’ Tax’ Part of the Governor Jerry Brown’s new push for higher taxes this November will reportedly include the slogan ‘ Millionaires’ Tax.’ But some wonder if that’s accurate. In fact the Governor’s new plan raises taxes on everyone. His new approach calls for raising the state sales tax – for everyone – for four years. The second part calls for raising the income tax rate if you make $250,000 per year - for seven years. Will Millionaires pay more too? You bet. Will ‘Thousandaires’ pay more too? You bet. Will someone making $10,000 per year...
  • No Subway $5 Footlongs In SF, 'Cost of Doing Business' Too High ($10.24 min wage)

    03/29/2012 6:41:19 AM PDT · by nhwingut · 21 replies
    NBC Bay Area ^ | 03/29/12 | Chris Roberts
    The catchy Subway sandwich shop jingle involving a variety of foot-long sandwiches available for $5 doesn't apply in San Francisco. [SNIP] Apparently, the city's new minimum wage, raised to $10.24 as of Jan. 1, make $5 footlongs an impossible business model.