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Keyword: tax

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  • San Francisco Is Considering A Revenue Tax To Fight Homelessness

    10/15/2018 10:37:17 AM PDT · by SeekAndFind · 57 replies
    Hotair ^ | 10/15/2018 | John Sexton
    Earlier this year Seattle passed and then, a month later, rescinded a head-tax which would only have applied to the wealthiest companies in the city, places like Amazon and Starbucks. The intent was to raise as much as $40 million a year to fight the homelessness problem the city is struggling with. Next month, San Francisco will vote on a similar proposal. Proposition C is meant to raise as much as $300 million a year from top-earning companies in the city and will spend that money in addition to the $380 million San Francisco is already spending to fight...
  • The creative accounting that allowed Jared Kushner to dodge paying income taxes is totally legal

    10/14/2018 3:15:33 PM PDT · by Innovative · 66 replies
    Business Insider ^ | Oct. 14, 2018 | Ellen Cranley
    A Saturday report from The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 using legal tax mechanisms. An IRS policy known as depreciation is a deduction Kushner Cos. used to diminish its taxable income on properties largely bought with borrowed money. Though not illegal, the filings show how real estate tax codes leave room for profitable maneuvering. The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 — without...
  • What Do The Worst-Run States Have In Common? They're Run By Tax-And-Spend Democrats

    10/10/2018 7:54:25 AM PDT · by ChicagoConservative27 · 13 replies
    investors ^ | 10/09/2018 | N/A
    Fiscal Sanity: Which political party is better at managing taxpayer dollars? The latest ranking of states' fiscal condition offers an unequivocal answer. For several years, the Mercatus Center at George Mason University has ranked states based on five measures of their financial condition: cash solvency, budget solvency, the ability to meet long-term spending commitments, state spending and taxes as a share of personal income, and unfunded pension liabilities and debt. And lest anything think that Mercatus — a free-market-oriented group — is fudging the numbers, note that the data used to compile these rankings all come from official state annual...
  • Elizabeth Warren tax returns may have fake deductions; Gives unequal pay to women staffers

    10/07/2018 2:34:55 AM PDT · by monkeyshine · 14 replies
    Yahoo Finance / Fox Business ^ | October 4, 2018 | Fox Business Videos
    MA Senate challenger Geoff Diehl (R) discusses new report that Sen. Elizabeth Warren (D-MA) had faked and inflated tax deductions on her IRS tax returns. Video only, summary below: https://finance.yahoo.com/video/elizabeth-warren-tax-returns-may-231229689.html
  • Dems to Farm Workers: ‘No, No Puedes’

    09/21/2018 6:08:47 AM PDT · by Twotone · 11 replies
    American Spectator ^ | September 20, 2018 | Steven Greenhut
    It’s taken nearly five years of administrative battles, legislative interference, and lawsuits, but the California state government has finally counted farm workers’ votes in a union election at the state’s largest fruit grower, Fresno-based Gerawan Farming. The final verdict, tallied on Tuesday, explains why the Jerry Brown administration and Democratic statehouse leaders did everything in their power to destroy the votes without counting them. The margin: 1,098 workers voted “no” to the United Farm Workers, with only 197 workers voting in favor of UFW representation. There still are 635 disputed ballots, but even the math geniuses in Sacramento can see...
  • Free Trade - The Spirit Of The Ocean

    09/15/2018 6:19:08 AM PDT · by Ozguy1945 · 2 replies
    Youtube ^ | 15 September 2018 | Geoff Fox
    Chinese power is expanding. Chinese claims to the South China Sea are not going to go away in a hurry. At the moment, American power represents a restraint on Chinese expansion. It is not clear how that will hold into the future. In his landmark foreign policy speech in April 2016 candidate Trump said, “……our resources are totally over extended. ……. the U.S. must be prepared to let these (European and Asian) countries defend themselves. We have no choice.” My unique country, Australia, a predominantly European nation on the edge of Asia, does have very deep emotional, cultural and historical...
  • Fix Our Damn Roads measure on the November ballot ( Colorado )

    08/23/2018 7:59:13 AM PDT · by george76 · 33 replies
    Independence Institute ^ | August 22, 2018 | Jon Caldara
    For too long the state has held our roads and bridges hostage while increasing spending on other priorities like Medicaid expansion, hoping we taxpayers get so frustrated by traffic we’ll agree to a tax increase. Well, this fall voters will have a choice. As the Denver Chamber of Commerce pimps a 21% state sales tax increase for transit, roads and a slush fund for cities, there will be an alternative as our Fix Our Damn Roads initiative will also be on the ballot. It will force the state to use its large surplus funds and re-prioritize less than 2 percent...
  • Xcel ratepayers would get a bum deal under Colorado Energy Plan

    08/04/2018 11:47:24 AM PDT · by george76 · 13 replies
    Colorado Politics ^ | August 2, 2018 | Amy Oliver Cooke
    Late last summer, and with great fanfare, Xcel Energy announced its proposal to close the Comanche I & II power units in Pueblo a decade ahead of schedule. They offered as replacement the euphemistically titled “Colorado Energy Plan” , a massive $2.5 billion fuel-switching scheme to move its Colorado customers away from baseload, reliable hydrocarbons in favor of intermittent renewables. ... the Minneapolis-based monopoly utility will force captive ratepayers to cough up at least another $287 million. That’s on top of the modeling errors we already found in their accounting, and Xcel acknowledged. In other words, ratepayers will pay higher...
  • Memo To President Trump: Listen To Larry Kudlow And Fix The Unfair Capital Gains Tax

    08/01/2018 9:00:31 AM PDT · by SeekAndFind · 19 replies
    IBD ^ | 08/01/2018
    A few months before he became President Trump's top economic advisor, Larry Kudlow wrote a column urging Trump to index capital gains taxes to inflation. Thankfully, the Trump administration appears to be listening. Not only would indexing fix a glaring problem in the tax code, it would add still more juice to the economy. In a column published by IBD last August, Kudlow called the lack of inflation adjustment for capital gains taxes "an unfair and misguided policy that punishes risk and success." He said Trump "should use his executive authority — as he so often has to drain the...
  • Resistance-Backed Cynthia Nixon: Taxing Rich for Single-Payer System ‘Not Pipe Dream’

    07/31/2018 5:42:30 AM PDT · by ChicagoConservative27 · 42 replies
    brietbart ^ | 07/31/2018 | Tony Lee
    New York gubernatorial candidate Cynthia Nixon touted her plan to tax the “ultra-rich” to pay for a single-payer healthcare system after one of the most prominent anti-Trump Resistance groups endorsed her on Monday. The Indivisible movement endorsed Nixon, saying that New Yorkers could count on Nixon to “stand up from progressive values” when “basic human rights” are “under constant threat.” “I am thrilled to receive the endorsement of Indivisible and work together to transform the Democratic Party into one that fights for progressive values and not just big corporate donors,” Nixon reportedly said. “We need bold progressive leadership in the...
  • Elizabeth Warren eyes 50% tax rate, says Dems will end Trump tax cuts if they take back Congress

    07/25/2018 7:25:36 PM PDT · by E. Pluribus Unum · 97 replies
    Biz Pac Review ^ | July 25, 2018 | Samantha Chang
    Elections have consequences. Just Senator Elizabeth Warren, who suggested that a 50% to 90% personal income tax rate for Americans is not out of the question. Warren made the shocking admission in an interview with CNBC. Warren also promised that Democrats will end President Trump’s tax cuts if they take control of Congress in November 2018. CNBC’s anti-Trump pundit, John Harwood, asked Warren: “If Democrats take the Congress…would you like to see these corporate tax cuts repealed?” Senator Warren replied: “Yeah, I really want to see them rolled back.” Question: “Back to 35%?” Warren replied: “Well, it’s not about the...
  • Treasury, IRS reveal a postcard-size form to file your taxes

    06/29/2018 3:28:31 PM PDT · by Innovative · 44 replies
    CNBC ^ | June 29, 2018 | Liz Moyer
    The GOP's long-promised change is an offshoot of a tax overhaul last year that cut corporate rates and winnowed down the number of individual tax brackets. On Friday, the Treasury Department and IRS unveiled the new postcard, which will replace the current forms 1040, 1040A and 1040 EZ.
  • Why soda taxes don't work

    06/24/2018 12:33:12 PM PDT · by Tolerance Sucks Rocks · 53 replies
    The Washington Times ^ | June 24, 2018 | Adam Brandon
    Time and again we hear politicians from different parts of the country profess the virtues of a soda tax. Their reasoning ranges from wanting to improve the public health, by cutting back consumption of unhealthy drinks, to talking about how much revenue it will bring in. This proclivity of nanny statists to push policies to change people’s behavior hues quite closely to Einstein’s definition of insanity: Trying the same thing over and over, expecting different results. Policy makers of all stripes need to abandon their affinity for soda taxes. Put simply, soda taxes just don’t work. Take Berkeley, California, as...
  • Going shopping? N.J. wants to impose fees on bags, but critics say it won't stop littering

    06/21/2018 3:54:51 PM PDT · by GuavaCheesePuff · 25 replies
    Newark Star-Ledger ^ | June 21, 2018 | Michael Sol Warren
    In the battle against litter in the Garden State, plastic bags have been public enemy number one. Several municipalities, mostly along the Shore, have acted on their own to limit plastic bag use either through fees or bans. But for years, efforts for statewide regulation of the bags has failed to gain traction. Now, state lawmakers have decided that it is time to move forward. A new fee on plastic and paper shopping bags is being pushed through the state legislature: The bill cleared budget committees in both the Assembly and Senate on Tuesday and could be passed as early...
  • New 1040 tax form will be the size of a postcard

    06/21/2018 8:46:57 AM PDT · by Libloather · 56 replies
    Fox Business ^ | 6/20/18 | Brittany De Lea
    U.S. Treasury Secretary Steven Mnuchin said on Wednesday that new tax forms, designed to make the filing process clearer and simpler for Americans, will be released next week. “Next week we will be unveiling the new 1040 and it will be a postcard as we promised,” he said during a press conference celebrating the six-month anniversary of the passage of tax reform. “Hardworking taxpayers won’t have to spend nearly as much time filling out their [tax forms].” The 1040 form is the U.S. individual income tax return. Republicans promised to simplify the filing process for taxpayers, famously claiming the forms...
  • High Court: Online shoppers can be forced to pay sales tax

    06/21/2018 7:58:37 AM PDT · by Reno89519 · 162 replies
    AP ^ | June 21, 2018 | Hessuca Gresko
    WASHINGTON (AP) — The Supreme Court says states can force online shoppers to pay sales tax. The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection. The high court ruled Thursday to overturn those decisions. snip “Each year the physical presence rule becomes further removed from economic reality and results in significant revenue losses to the States. These critiques underscore that the physical presence rule, both as first formulated and as applied today, is an incorrect interpretation of...
  • The End of All That's Good and Pure About The Internet (Censorship LINK TAX passed)

    06/20/2018 6:11:49 PM PDT · by MarchonDC09122009 · 40 replies
    Gizmodo ^ | 06/20/2018 | Rhett Jones
    The End of All That's Good and Pure About The Internet https://gizmodo.com/the-end-of-all-thats-good-and-pure-about-the-internet-1826963763 Rhett Jones June 20 2018 The EU has passed an Internet link tax on anyone who links to any EU published content. The tax will be levied against individuals or organizations in any country due to mutual copyright treaty conventions. Article 11 Article 11 has been variously called the link tax or the snippet tax. Designed to mitigate the power over publishers that Google and Facebook have amassed in the last decade, it codifies a new copyright rule for linking to news organizations and quoting text from their stories. Online platforms...
  • Seattle city council repeals "head tax" on city's big businesses

    06/12/2018 4:25:42 PM PDT · by hoagy62 · 14 replies
    KOMO.com ^ | 6/12/18 | AP and KOMO
    Seattle leaders on Tuesday repealed a tax on large companies such as Amazon and Starbucks after a backlash from businesses, a stark reversal from a month ago when the City Council unanimously approved the effort to combat a growing homelessness crisis. The council voted 7-2 after supporters and opponents packed a meeting with signs saying, "Tax Amazon, housing for all" and "No tax on jobs," with some shouting for more time to discuss the issue. The vote showed Amazon's ability to aggressively push back on government taxes, especially in its affluent hometown where it's the largest employer and where some...
  • Unpopular gas tax could be issue in California governor's race

    06/06/2018 8:15:57 PM PDT · by Mariner · 49 replies
    KCRA Sacramento ^ | June 6th, 2018 | Mike Luery
    SACRAMENTO, Calif. (KCRA) — San Diego businessman Jon Cox may be the underdog in the governor’s race, but Republicans believe Democratic opponent and Lt. Gov. Gavin Newsom is vulnerable because of his support for an unpopular tax. If there’s one issue that resonates with Republicans, it’s the repeal of the gas tax in California. On Wednesday, Cox made a point of blaming Newsom for the 12-cent hike at the pumps -- even though Newsom, as lieutenant governor, was not involved in the legislative vote. “He wants to defend the gas tax,” Cox said. “I'm leading the effort to repeal the...
  • Filing tax return and finding dependent has also claimed same exemption

    06/06/2018 12:21:12 PM PDT · by George from New England · 34 replies
    self
    Have found that months after I filed i.r.s. tax return, that a dependent filed and started to claim themselves as a dependent. Had 5 kids and this is the last one. Both of us seem to be stuck in limbo. I.R.S. is dragging their asses, no irs notice dates promised are met, no refunds issued at all. I would file a 1040-X amended return but I am under the impression that a return has to be accepted and processed in order to amend it. Can those freepers that had this happen, comment.