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Keyword: taxes

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  • First in Nation - Portland's Climate Justice Tax

    01/19/2020 8:46:45 AM PST · by nwrep · 82 replies
    Willamette Week ^ | January 17, 2020 | Nigel Jacquiss
    “The goal is ensuring the green economy benefits folks who are hurt first and worst by global warming,” says Oriana Magnera. In just a few months, the city of Portland will begin investing the proceeds from a groundbreaking new tax on large companies. No other city in the U.S. has such a tax. The Portland Clean Energy Community Benefits Fund, or PCEF, will raise as much as $60 million a year from a new tax on big retailers. The money is supposed to supply clean, efficient energy and jobs to people the city has long slighted. The overarching goals:...
  • [AZ] Online purchases now help fill state coffers

    01/18/2020 8:13:18 PM PST · by libh8er · 9 replies
    Ahwatukee Foothills News ^ | 1.8.2020 | Howard Fischer
    Arizonans are now paying more money to state and local governments for the items they’re buying online. The Department of Revenue reports it collected an extra $51.5 million in the first two months after a new law went into effect. Of that, $23.4 million is going into the state treasury, with the balance parceled out among cities and counties. What makes this number so impressive is budget analysts predicted the net gain to the general fund for a full fiscal year would be just $85 million. And the collections reported so far don’t even represent December Christmas sales. The new...
  • Is a state with no income tax better or worse?

    01/17/2020 7:17:12 AM PST · by ConservativeMind · 95 replies
    Bankrate ^ | May 27, 2019 | Adrian D. Garcia
    Is it better to live in a state with no income tax? It’s a great question considering we already have to set aside a portion of our paychecks for the federal government. The case for removing an individual income tax typically goes like this: states that don’t dip directly into their residents’ pay become beacons for growth. They’re better at creating jobs and keeping a core of young, educated workers from moving to other states. The American Legislative Exchange Council reports that over the past decade the nine states without a personal income tax have consistently outperformed – on GDP...
  • Here's why we pay more for everything in Canada — and always will [ From 2018 ]

    01/11/2020 6:01:28 PM PST · by NoLibZone · 35 replies ^ | March 22, 2018 YES 2018! | Neil Macdonald
    The Retail Council of Canada wants things to remain as they are, preferably forever. Part of being a Canadian – along with telling each other at dinner parties how compassionate and lucky we are – involves gazing at computer screens, morosely taking in the dazzling choice and competition-driven prices in the American consumer marketplace. In the old, pre-internet days, Canadian consumers didn't realize the extent to which they were being hosed, and the business sector could collude in peace, and the government could collect taxes and protectionist duties to its heart's content without disturbing the bovine quiescence of the consuming...
  • 277 People A Day Leave New York

    01/07/2020 10:28:16 AM PST · by blam · 41 replies
    Money Maven ^ | 1-7-2020 | MISH
    New Yorkers are fleeing the state in drove due to high taxes. The result is an overabundance of home few can afford. Bloomberg reports Manhattan’s Flood of New Condos Could Take Six Years to Sell. “ Manhattan is glutted with even more luxury condos than most apartment-shoppers realize. The borough has 7,050 unsold, newly built units, according to a report by Halstead Development Marketing. The bulk of those -- almost 6,000 -- haven’t been formally listed for sale, creating an under-the-radar “shadow inventory.” The secret supply is a heavy weight on a market in which sales, especially of higher-end...
  • Uncle Sam Is Picking Your Pocket With High Taxes. Democrats Want to Raise Them Even Higher.

    01/04/2020 5:53:26 PM PST · by Tolerance Sucks Rocks · 20 replies
    The Daily Signal ^ | December 27, 2019 | David Ditch (FOX News)
    Some politicians running for federal office make it sound as if the biggest problem facing our country is that we don’t send enough of our paychecks to Washington, D.C. They propose increasing or creating new federal taxes on income, payrolls, business profits, carbon emissions, financial transactions, wealth, and more. Before they start trying to spend more and more of our money, they would do well to consider just how much they’re already spending. Looking back over the last decade, it’s clear they’ve already entered the “drunken sailor” stage. From 2010 through 2019, U.S. households sent an average of $228,000 to...
  • Workers Resist California's Newest Bad Law

    01/04/2020 6:26:28 AM PST · by Kaslin · 32 replies ^ | January 4, 2020 | Michael Reagan
    I'd like to see everyone have a happy and prosperous New Year. But I'm afraid a lot of freelancers and independent contractors in California are going to have it tough in 2020. Thanks to Democrat lawmakers in Sacramento, in fact, hundreds of thousands of part-time Uber drivers and freelance writers like me could lose their jobs or face drastic cuts in their incomes. The culprit is Assembly Bill 5, the "progressive" new state law that rewrites the rules for part-time "gig" workers and forces companies to reclassify their independent contractors and turn them into full-time employees. As of Jan. 2,...
  • Senator Warren’s Proposed Confiscation of Bezos’s Wealth

    01/04/2020 4:23:29 AM PST · by Kaslin · 24 replies ^ | January 4, 2020 | Mank Adler
    At the December Democratic debate, when asked to comment regarding several dire economic forecasts evaluating her proposed wealth tax on the economy, Senator Warren responded: “oh – they’re just wrong.” That response elicited applause from the audience and zero follow-up questions. Shame on both the audience and the moderators. Just glib is not good enough. In an 1819 Supreme Court Case, the Supreme Court (McCollough v Maryland) correctly noted that “the power to tax is the power to destroy.” While this case was directed at taxes imposed by a state, it is a comment worth remembering. Senator Warren’s wealth tax...
  • State-Level Estate Taxes Spur Some Billionaires to Move

    01/02/2020 11:45:23 AM PST · by karpov · 12 replies
    National Bureau of Economic Research ^ | January 2020 | Linda Gorman
    While death and some taxes may be certain, US state-level estate taxes can be avoided by moving to one of the 36 states that do not collect them. Some very wealthy individuals do just that. In Taxing Billionaires: Estate Taxes and the Geographical Location of the Ultra-Wealthy (NBER Working Paper 26387), Enrico Moretti and Daniel J. Wilson attempt to quantify how state estate taxes affect the residential choices of the very rich, and to estimate whether, when states increase their estate tax rates, the increased revenues collected from those who remain in the state exceed the revenues lost as some...
  • Give, Don’t Govern (Stossel)

    01/01/2020 5:57:42 PM PST · by Tolerance Sucks Rocks · 7 replies
    The Daily Signal ^ | December 29, 2019 | John Stossel
    This week, children may learn about that greedy man, Ebenezer Scrooge. Scrooge is selfish until ghosts scare him into thinking about others’ well-being, not just his own. Good for the ghosts. But the way Scrooge addresses others’ needs matters. Today’s advocates of equality, compassion, increased spending on education, health care, etc., say “we care” but demand that government do the work. Controlling other people with the power of government doesn’t prove you care. If you want to help the poor, clean the environment, improve the arts. Great! Please do. But if you are compassionate, then you’ll spend your own money...
  • How An Unlimited Supply Of Borrowed Cash Is Destroying Higher Education

    12/27/2019 8:58:53 AM PST · by Kaslin · 38 replies
    The Federaist ^ | December 27, 2019 | Rebeccaa Kathryn Jude and Chauncee M. DePree, jr
    “You have to go to college” was an article of faith when we were growing up in poor families. Now we wonder if our ticket out of poverty still has the same value. Far too many of this generation are leaving college with substantial debt and few meaningful job opportunities. Put a little differently, what is the value of a bachelor’s degree in women’s studies or sociology or any other fields that are not science, technology, engineering, mathematics, or business? Ask some of the young people working at your local coffee shop or favorite restaurant. They will probably tell you,...
  • Senator Warren's Pernicious Wealth Tax

    12/27/2019 6:52:11 AM PST · by Kaslin · 15 replies
    American ^ | December 27, 2019 | Dave Rybarczyk
    I am rich. No, I do not have multiple residences, a yacht, a wine cave, or any of the storied trappings of wealth. And I certainly don't feel "rich." I am simply retired, and over a lifetime of working have accumulated assets that are meant to support me and my spouse in our retirement years. In my view, this is the responsible thing to do. We want to avoid being a burden on family, or relying on benevolent institutions or government assistance to sustain us. But some Democrat politicians, most notably Sen. Elizabeth Warren, might call me "rich" and take...
  • Is It Inflation-Adjusted? Spot the Creeping Tax Increases for 2020

    12/27/2019 6:44:16 AM PST · by karpov · 9 replies
    Wall Street Journal ^ | December 27, 2019 | Laura Saunders
    ... For years Congress has had the Internal Revenue Service adjust tax brackets and other provisions for inflation. (Revisions for 2020 are in the accompanying tables, and now is a good time to review them.) But it’s equally important to remember key tax numbers that aren’t changing for 2020—because Congress hasn’t indexed them for inflation. And while inflation has been low recently, it hasn’t gone away. As a result, millions of Americans are paying more to Uncle Sam because there’s no indexing for a variety of tax provisions, including homeowner benefits, tax thresholds on Social Security and investment benchmarks among...
  • City lawmakers want to impose gentrification tax

    12/26/2019 6:53:46 AM PST · by ChicagoConservative27 · 33 replies
    nypost ^ | 12/25/2019 | Julia Marsh
    Here’s one thing that unites local pols across the political divide — a gentrification tax. A bipartisan group of city lawmakers is pushing Albany to approve tweaks to the state tax laws that would allow them to hit new homebuyers with tax bills based on the actual market prices of their properties. The coalition of 13 Republican and Democratic city council members says that taxes would not go up for existing owners. New York’s famously opaque property tax system offers big breaks to new homebuyers by taxing them at assessed values that are often millions of dollars less than the...
  • (Democrat) Millionaires support a wealth tax — as long as they aren’t getting taxed: CNBC survey

    12/24/2019 11:44:33 AM PST · by karpov · 29 replies
    CNBC ^ | December 23, 2019 | Robert Frank
    A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll. Fifty-nine percent of millionaires said they would support a new federal tax on wealth over $50 million, according to the Q4 CNBC Millionaire Survey. Democratic presidential candidate Elizabeth Warren’s tax plan includes a wealth tax of 2% on wealth over $50 million and 6% over $1 billion. Forty-eight percent opposed a wealth tax on those worth over $10 million. Attitudes toward the wealth tax are also strongly dependent...
  • Father and daughter got $3.4 million in tax refunds from IRS after claiming to win lottery they never won, authorities say

    12/24/2019 8:48:44 AM PST · by karpov · 17 replies
    Idaho Reporter ^ | December 23, 2019
    A father and daughter are convicted at Trial for Involvement in $100 Million Fraudulent Tax Refund Scheme. Kenneth Edmonson and his daughter Danielle claimed that the government owed them $175 million in tax refunds. They were paid out $3.4 million in refunds through the issuance of U.S. Treasury checks before the IRS realized that they had in fact, never bought a winning ticket. In 2015, Danielle Takeila Edmonson managed to get the IRS to pay out $239K in tax refunds for winning an unspecified amount of money from the lottery. With that she bought a BMW and took $60 000...
  • Today France, Tomorrow the USA?

    12/24/2019 6:32:20 AM PST · by Kaslin · 25 replies ^ | December 24, 2019 | Pat Buchanan
    As that rail and subway strike continued to paralyze travel in Paris and across France into the third week, President Emmanuel Macron made a Christmas appeal to his dissatisfied countrymen: "Strike action is justifiable and protected by the constitution, but I think there are moments in a nation's life when it is good to observe a truce out of respect for families and family life." Macron's appeal has gone largely unheeded. "The public be damned!" seems to be the attitude of many of the workers who are tying up transit to protest Macron's plan to reform a pension system that...
  • Hunter Biden's baby mama submits tax returns, financial documents amid paternity battle

    12/23/2019 4:20:55 PM PST · by Libloather · 29 replies
    Fox Business ^ | 12/23/19 | Stephanie Pagones
    **SNIP** Lunden Roberts provided an Arkansas county court with tax returns for half a decade, as well as her W2s from 2015 and 2016 and her paystubs for an unspecified period of time when she was listed as having worked for Hunter Biden and his company, Owasco PC, according to court papers filed Friday afternoon. **SNIP** Roberts also submitted documents pertaining to an unspecified amount of money she received from Owasco PC between May 2018 and November 2018, as well as a copy of a health insurance card from when Biden paid for her coverage, court documents state. She said...
  • American taxpayers sending billions to fund foreign border walls

    12/23/2019 3:42:58 PM PST · by justme4now · 6 replies
    One America News ^ | Dec 20, 2019 | One America News Network
    Congress is using billions of taxpayer dollars to build border walls in other countries. One America's Pearson Sharp explains how Americans are financing border security projects across the Middle East.
  • Trump Takes Jackhammer to Obamacare, Repeals Major ACA Taxes

    12/23/2019 3:07:51 PM PST · by SeekAndFind · 15 replies
    PJ Media ^ | 12/23/2019 | Matt Margolis
    Think President Trump is letting the Democrats' bogus impeachment slow him down? Not even close. On Friday, he signed legislation repealing about $400 billion in Obamacare taxes. And the best part is that the legislation making it possible was bipartisan. The Washington Examiner reports that "Democrats voted overwhelmingly in favor of the spending deal despite the fact that it repealed $373 billion in taxes meant to pay for Obamacare." Prior to losing their majority in the House, Republicans managed to repeal the individual mandate, which penalized individuals who chose not to buy health insurance. A full repeal and replace of...