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Keyword: taxes

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  • CEOs rate California dead last for business, again

    05/10/2012 12:14:05 AM PDT · by Mark Landsbaum · 11 replies
    Orange County Register ^ | 5-10-2012 | The Orange County Register Editorial Board
    It was alarming the first three or four times California was ranked last among 50 states for business environment. Now, Chief Executive magazine's annual ranking, based on a survey of 650 chief executives on taxation, regulation, workforce quality and living environment, again places California dead last, 50th of 50 – for the eighth year in a row. Eight years in a row ceases to be alarming. It now is a defining status. ...In magazine’s CEO survey, state “appears to slip deeper into the ninth circle of business hell.” ...
  • Taking Someone Else's Money

    05/09/2012 12:08:40 PM PDT · by 92nina
    Cost of Government Center ^ | 2012-05-08 | [Staff]
    With French voters electing a Socialist presidential candidate who campaigned on an anti-austerity platform, the size of government has truly evolved into a global, and not just American, vote-moving issue. However, we should call “austerity” policies by their true name—fiscal responsibility. Many economists agree that when a country’s debt reaches 90 percent of GDP, serious economic contraction occurs that can persist for decades. This 90 percent is often called the danger zone. Greece, the paradigm for fiscal conservatives around the world, had debt to GDP ratio of 165.4 percent in 2011. The word austerity conjures up images of Ebenezer Scrooge,...
  • California stinks, say CEOs. Hey, what do they know?

    05/09/2012 11:30:03 AM PDT · by Mark Landsbaum · 23 replies
    For the eighth year in a row California is ranked at the absolute bottom of 50 states for business, according to Chief Executive magazine. What do they know? The esteemed Gov. Jerry Brown says California’s just swell for business. Well, OK, Jerry isn’t and hasn’t been a CEO and this is an annual poll of chief executive officers who run actual businesses. He’s a politician and a “progressive.” Did we mention it’s been eight years in a row that California finished dead last? ...
  • Environmental groups collecting millions from federal agencies they sue, studies show

    05/08/2012 6:52:15 PM PDT · by tobyhill · 12 replies
    Fox News ^ | 5/8/2012 | By Joshua Rhett Miller
    Deep-pocketed environmental groups are collecting millions of dollars from the federal agencies they regularly sue under a little-known federal law, and the government is not even keeping track of the payouts, according to two new studies. Under the Equal Access to Justice Act, or EAJA — which was signed into law by President Carter in 1980 to help the little guy stand up to federal agencies — litigants with modest means who successfully show government agencies wronged them can get their legal fees back from the taxpayer. But the act also covers 501(c)(3) nonprofits, including environmental groups that aggressively sue...
  • Pending settlement rekindles long, sometimes-contentious tenure of fired county employee

    05/09/2012 6:14:52 AM PDT · by redreno
    Las Vegas Sun ^ | Wednesday, May 9, 2012 | 2 a.m. | By Joe Schoenmann (contact)
    The nearly $500,000 county commissioners say they are likely to approve as settlement in a wrongful termination lawsuit will dredge up more than scarce taxpayer dollars. It will serve as a reminder of the Byzantine, sometimes Machiavellian, way of county politics. The lawsuit stems from the firing of Terry Lamuraglia in 2008 as assistant director of Clark County’s Parks & Recreation Department. He claimed his boss, then-director Leonard Cash, didn’t like the fact that Lamuraglia refused to discriminate against a gay manager in the department. Cash said Lamuraglia was fired because of his plan to leave some 90 parks unguarded...
  • Vikings stadium bill differences in House, Senate

    05/09/2012 4:35:20 AM PDT · by TurboZamboni · 23 replies
    pioneer press ^ | 5-9-12 | doug belden
    After seven hours of debate Tuesday, May 8, here are the key differences between the Senate bill and what the House passed the night before. Debate in the Senate began about 1 p.m. Tuesday and was hitting its stride by 8 p.m. when this list was compiled. A number of amendments to the Senate version were still pending.
  • Europe’s Failed ‘Austerity’ (Krugman's Tax hikes now and reform later haven’t worked there)

    05/09/2012 4:33:22 AM PDT · by SeekAndFind · 2 replies
    National Review ^ | 05/09/2012 | Michael Tanner
    In the wake of French and Greek elections last weekend, the backlash against European austerity is now in full swing. Meanwhile, in the U.S., advocates of big government are insisting that the European debacle proves we must reverse our efforts to reduce debt and deficits. After all, Paul Krugman writes in the New York Times, “claims that slashing government spending would somehow encourage consumers and businesses to spend more have been overwhelmingly refuted by the experience of the past two years.” Given Europe’s continued slow growth, Professor Krugman might have an argument to make — if there actually had been...
  • Environmental groups collecting millions from federal agencies they sue, studies show

    05/08/2012 3:05:10 PM PDT · by Sopater · 8 replies
    Fox News ^ | May 08, 2012 | Joshua Rhett Miller
    Deep-pocketed environmental groups are collecting millions of dollars from the federal agencies they regularly sue under a little-known federal law, and the government is not even keeping track of the payouts, according to two new studies. Under the Equal Access to Justice Act, or EAJA — which was signed into law by President Carter in 1980 to help the little guy stand up to federal agencies — litigants with modest means who successfully show government agencies wronged them can get their legal fees back from the taxpayer. But the act also covers 501(c)(3) nonprofits, including environmental groups that aggressively sue...
  • Double whammy tax bite set for November?

    05/08/2012 11:16:18 AM PDT · by Mark Landsbaum · 2 replies
    What’s worse than dueling tax increases appearing on the November ballot? How about, dueling tax increases that find a “cooperative” way to work together on the November ballot...
  • Vikings stadium plan gets Minnesota House approval

    05/08/2012 8:00:08 AM PDT · by ConservativeStatement · 31 replies
    Sports Network ^ | May 08, 2012
    Minneapolis, MN – The new stadium plan for the Minnesota Vikings has received approval from the state's House of Representatives. After passing by a margin of 73-58, the proposal will next move to the state Senate. "It's the first hurdle, a couple more to go, but we're really excited," said Vikings vice president Lester Bagley.
  • Tax Rates On Dividends Are Going To Explode, And The Market Is Punishing Dividend Stocks

    05/08/2012 6:40:00 AM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 05/08/2012 | Joe Weisenthal
    If you haven't seen it, here's an eye opening chart from Goldman's Alec Phillips: Goldman Sachs For top earners, the tax rate on dividends is going to hit 43.4% if there are no changes in the current law. There are many layers to this whole "fiscal cliff" drama. The spending cuts are just one, but the potential hits to the economy are numerous, and this is just one example. Ultimately, says Philips: The most likely scenario in our view is an extension of these investment-related tax rates along with other expiring tax provisions into mid-2013, at which point broader reform...
  • Obama would enable a nation of Julias

    05/08/2012 6:24:01 AM PDT · by 2ndDivisionVet · 20 replies
    The Columbia Daily Tribune ^ | May 7, 2012 | Rich Lowry
    In the competition for the creepiest campaign material of 2012, we might already have a winner. It is "The Life of Julia," the Obama re-election team's cartoon chronicle of a fictional woman who is dependent on government every step of her life. The phrase "cradle-to-grave welfare state" originated with Clement Attlee's socialist government in post-World War II Britain. Back then, it was meant as a boastful description of a new age of government activism. Subsequently, it became a term of derision for critics of an overweening government. In the spirit of Attlee, the Obama campaign revives the concept of "cradle...
  • The campaign is underway. What do you think Obama’s bragging about? Obamacare? Not exactly…

    05/07/2012 4:33:06 PM PDT · by Mark Landsbaum · 7 replies
    In case you missed it, the presidential campaign is underway. How do we know? That’s a good point, actually, because the incumbent has been campaigning non-stop ever since his last campaign ended. But TV ads are rolling out, so this must indicate a new phase, at least, if not the starting point. What, you may ask, is President Barack Obama pointing to as his great accomplishment? First, ask yourself . . .
  • Investigating the IRS: Why it gives billions to illegal immigrants (Tax loophole cost billions)

    05/07/2012 2:02:08 PM PDT · by DogByte6RER · 11 replies
    wthr.com ^ | April 26, 2012 | wthr.com
    Investigating the IRS: Why it gives billions to illegal immigrants INDIANAPOLIS - Why are many illegal immigrants getting a bigger tax refund than you? Blame it on the IRS and a massive tax loophole that's now being exposed by Eyewitness News. 13 Investigates has found the IRS is giving away your tax dollars to illegal workers and people who don't even live in the United States - and the problem is costing billions! We want you to see exactly where your money is going and why the IRS is allowing it to happen. From the homes of illegal workers in...
  • Taxes: the best and worst of times, and …

    05/07/2012 1:47:16 PM PDT · by Mark Landsbaum · 2 replies
    There’s good news today. And bad. Both have to do with taxes, that bane of civilization in which some men decide other men must part with their money, mostly to spend on what some men have deemed to be more important than what the other men, the ones who earned the dough, may have in mind. If you missed our column Sunday on the ruckus over Apple minimizing its tax bite, you can read it here...
  • $4.2 Billion in fraudulent tax returns for 2 Million Illegals

    05/07/2012 1:04:22 PM PDT · by Tenacious 1 · 17 replies
    WTHR.com ^ | 4/29/12 | Bob Segal
    Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it! Each spring, at tax preparation offices all across the nation, many illegal immigrants are now eagerly filing tax returns to take advantage of a tax loophole, using their ITIN numbers to get huge refunds from the IRS. The loophole is called the Additional Child Tax Credit. It's a fully-refundable credit...
  • Obama Orders IRS to refund 'Illegal Aliens' $4.2 billion, While Asking the Rich....

    05/07/2012 7:56:55 AM PDT · by yoe · 31 replies
    (Loophole.)(4 Billion a year)(video)(Illegal Aliens Getting Bigger Tax Refund Checks?)
  • "OKALOOSA ISLAND" Something To See

    05/06/2012 4:10:14 PM PDT · by Yosemitest · 55 replies
    experience and "www.panoramio.com" ^ | Saturday, May 6, 2012 | Yosemitest
    Are you tired of paying the high taxes of California, and watching the idiots in your State and Local Government squander your hard earned money? There are other places to live. And you should check them out. Think about it. Don't continue to be their slaves. MOVE! There are other areas to live, but California people love the beach, and at the Florida Panhandle, the water is warm.
  • Will lawmakers act to close tax loophole for illegal immigrants?

    05/06/2012 3:55:55 PM PDT · by BradtotheBone · 10 replies
    WTHR.Com ^ | Apr 30, 2012 9:03 AM CDT | Bob Segall
    INDIANAPOLIS - Congressman Dan Burton (R – Ind) is frustrated – very frustrated – after learning the details of an Eyewitness News investigation. "Why in the world are we doing this?" he asked. "Are you kidding me? The cost to the American tax payer is huge!" The veteran lawmaker is responding to what 13 Investigates discovered all across Indiana: illegal immigrants getting big tax refunds from the Internal Revenue Service thanks to a loophole in federal law. MORE: Tax loophole costs billions The loophole allows undocumented workers to collect what's called an additional child tax credit. The credit – up...
  • Should taxes take bigger bite of Apple?

    05/06/2012 12:57:18 PM PDT · by Mark Landsbaum · 21 replies
    Orange County Register ^ | 5-6-2012 | Mark Landsbaum
    Unlike the government (and unlike the New York Times), we come to celebrate Apple, not to bury it. The Times' recent headline about the Cupertino-based computer company was, "How Apple Sidesteps Billions in Taxes." A couple of obvious conclusions may be drawn. Either, this is shameful. Or, this is admirable. You can read the Times story and draw your own conclusion about that paper's conclusion. You can find it here. However, there are a few tell-tale signs that tip the Times' hand. Here's one: . . .