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Keyword: taxes

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  • Tax-Funded Anti-Poverty Groups Pay Their CEOs Huge Salaries

    07/20/2017 2:23:05 PM PDT · by detective · 25 replies
    Top officials with 14 anti-poverty nonprofits were paid as much as $869,900 as their organizations were enriched with $900 million of taxpayer money, The Daily Caller News Foundation’s (TheDCNF) Investigative Group has found. The activist groups received as much as 85 percent of their revenue from federal, state and local governments and collectively spent millions on lobbying, TheDCNF’s analysis found. Also, half of the charities’ CEOs made political contributions – nearly all of which was to Democratic candidates.
  • Trump Bailed The GOP Congress Out In 2016 – He Can’t Do It Again In 2018

    07/20/2017 5:44:37 AM PDT · by EyesOfTX · 11 replies
    DB Daily Update ^ | 7.20.2017 | David Blackmon
    Let’s talk about congressional Republicans. A year ago today, Republicans in congress were possibly the single most-detested part of the ruling class in Washington, DC. They had, as a group, made more false and failed promises to voters over the previous seven years than almost any such collective group of politicians in American history. They were headed at that point for a thrashing at the voting booths, with “experts” and polls indicating the GOP would lose its Senate majority and could possibly lose the House as well, if Hillary Clinton defeated Donald Trump in a landslide in the presidential contest....
  • Creationists Have Sold Ark Encounter. To Themselves. For $10. To Avoid Taxes.

    07/19/2017 8:01:54 PM PDT · by Rebelbase · 78 replies ^ | 7/17/17 | Hemant Mehta
    I’ve posted before about how Williamstown (Kentucky) officials are instituting a “safety fee” for ticket-taking attractions in the city. If implemented, the city would charge Ark Encounter 50 cents per ticket to go towards things like fire trucks and police cars — all the things that make the city a safer place for residents and tourists. Using the estimate of 1.4 million visitors a year, this would amount to approximately $700,000 that Ark Encounter would owe the city annually. The Creationists at Ark Encounter, however, say they should be exempt from that charge because they run a non-profit ministry. You...
  • Albuquerque Tea Party Given Tax-Exempt Status After 8 Years

    07/19/2017 7:13:46 PM PDT · by nickcarraway · 7 replies
    KOB4 ^ | July 18, 2017
    The Albuquerque Tea Party has been granted tax-exempt status by the Internal Revenue Service after applying eight years ago. The Albuquerque Journal reports Graham Bartlett, president of the local Tea Party, says he was informed about a month ago that the group's request was going through. Bartlett says the Albuquerque Tea Party requested tax-exempt status because it relies on donations and people tend to donate more when they know they can write it off on their taxes.
  • First statewide bicycle tax in nation leaves bike-crazy Oregon riders deflated

    07/18/2017 10:40:03 AM PDT · by ItsOnlyDaryl · 33 replies
    Washington Times ^ | 7.17.17 | Valerie Richardson
    In Oregon, a state known for its avid bicycling culture, the state Legislature’s approval of the first statewide bike tax in the nation has fallen flat with riders.
  • A Border Miracle Based Strictly on Psychology

    07/18/2017 2:28:16 AM PDT · by EyesOfTX · 16 replies
    DB Daily Update ^ | 7.18.2017 | David Blackmon
    Tired of winning yet? National Border Patrol Council President Brandon Judd told C-SPAN Monday that the rapid downturn in illegal border crossings is “nothing short of miraculous.” He elaborated that total recorded border crossings in 2017 are just 53% of what they were in 2016, and that percentage continues to drop each week. As we have noted before, this has been achieved without building single foot of wall, without changes to existing statutes, without any new huge budget allocations to the Border Patrol, without the introduction of any new technology. The one and only reason for this fall is the...
  • The sickening effect of Obamacare taxes -

    07/14/2017 1:07:51 PM PDT · by CitizenBob · 12 replies
    The Washington Times ^ | May 14, 2017 | Stephen Moore
    In many ways was a massive trillion-dollar tax increase masquerading as a health reform plan called Obamacare... Obamacare’s taxes hurt nearly everyone with new tolls on business investment, drug and vaccine production, payrolls, medical devices, hiring and union health insurance plans... Every one of the taxes was counterproductive...So why tax them and make them more expensive — less “affordable?” To improve health, throw out all of these taxes yesterday... One major reason that President Obama gave us the weakest recovery from a recession is that business investment fell dramatically...during this recovery, business capital spending for plant and equipment and computers...
  • Phoenix City Council Wasting Our Tax $$$$

    07/12/2017 1:33:39 PM PDT · by hsmomx3 · 3 replies
    Sal DiCiccio Posting ^ | 07/12/2017 | Sal DiCiccio
    SHERATON SALE UPDATE EXPLAINED: Here is a better way to show you how you are being “snookered” by Phoenix officials on this new taxpayer paid Sheraton Original taxpayer paid funding: $355 Million TLG Offer(excluding give aways): $255 Million TLG value of their wants: Reserve Account: -$13 Million GPLET(Property tax give away) value. -$50 Million True value of sales price: $192 Million Operating Losses: Start up cost: -$10 Million Operating Losses: -$37 Million Total Operational Losses: -$47 Million Total loss to taxpayers -$210 Million What could $210 million have gotten you: 1,555 new police officers 500 miles of new roads Thousands...
  • France says Europe must chase tax owed by US tech giants

    07/10/2017 9:00:18 PM PDT · by Olog-hai · 16 replies ^ | 10 July 2017 09:57 CEST+02:00 | AFP
    France’s finance minister urged his European counterparts Sunday to do more to chase down tax due from the European operations of US tech giants such as Google, Amazon and Facebook. Bruno Le Maire’s comments addressed an issue which has aroused fierce controversy: the complex tax arrangements of multinational corporations under fire for slashing European tax bills by shifting revenue across borders. “I have just come back from the G20 meeting in Hamburg, and I can tell you that the present age is not one for the weak,” Le Maire told an economic symposium in the southern French city of Aix-en-Provence....
  • Seattle City Council approves income tax on the wealthy

    07/10/2017 3:48:41 PM PDT · by BackRoads775 · 74 replies ^ | 07/10/2017 | Daniel Beekman
    The Seattle City Council unanimously approved a pioneering new income tax on wealthy residents Monday. A a legal challenge is widely anticipated. The measure applies a 2.25 percent tax on total income above $250,000 for individuals and above $500,000 for married couples filing their taxes together. The city has estimated the tax will raise about $125 million a year and cost $10 million to $13 million to set up, plus $5 million to $6 million per year to run and enforce. The council’s finance committee cleared the tax last week, increasing the rate from 2 percent to 2.25 percent.
  • California Democrats are apparently suing some college Republicans for being Republicans

    07/08/2017 7:52:33 PM PDT · by Kaslin · 17 replies
    Hot ^ | July 8, 2017 | Jazz Shaw
    Do you recall that little dust-up out in California over the massive new gas tax they passed? It resulted in a recall effort to remove freshman state senator Josh Newman from office, along with a petition to repeal the tax hike. That prompted state Democrats to circle the wagons, going so far as to change the rules to make it much harder to gather the required signatures to recall any legislator. Normally that would be a dicey move in most other states because the same rules would be used against them, but hey… this is California. The Democrats control pretty...
  • Illinois House Overrides Gov. Rauner’s Veto on Tax Hike, Budget Bill

    07/06/2017 5:13:52 PM PDT · by digger48 · 69 replies ^ | 7-6-17 | Mary Chastain
    The Illinois House voted to override Republican Governor Bruce Rauner’s veto of the income tax hike and budget bill. This is the first budget Illinois has passed in two years. The House voted 71-42, which is the bare minimum House Speaker Mike Madigan needed, after a security incident delayed the vote for two hours. The House passed the tax hike and budget bill on Sunday with 72 votes, including 15 Republicans. A few flip flopped, according to The Chicago Tribune: On Thursday, there were some slight changes. One lawmaker who previously voted for the income tax hike on Sunday, Republican...
  • Norway’s ‘Voluntary’ Tax Plan Brings In Just $1,325

    07/06/2017 10:01:04 AM PDT · by simpson96 · 12 replies
    Bloomberg ^ | 7/6/2017 | Sveinung Sleire
    Eager to pay more taxes? Then look no further than Norway. Hammered by the opposition for slashing taxes and going on a spending spree with the country’s oil money, the center-right government has hit back with a bold proposal: voluntary contributions. Launched in June, the initiative has received a lukewarm reception, with the equivalent of just $1,325 in extra revenue being collected so far, according to the Finance Ministry. That’s not much for a country of 5.3 million people, many of whom are already accustomed to paying some of the highest taxes in the world (the top rate of income...
  • Escape From Illinois - Tax Increase Passes. Where to go?(Vanity)

    07/02/2017 5:35:27 PM PDT · by infool7 · 174 replies
    Self | Self
    The blackmail tax bill just passed and now going to the Governor's desk. I pay about 6K per year in property taxes and fees. No kids in school after this semester. I can work remotely from anyplace with high speed internet.
  • Illinois Taxoholics Wear Down Rauner: Massive Tax Hikes In the Works

    07/02/2017 4:53:43 PM PDT · by ForYourChildren · 108 replies
    MishTalk ^ | 07/01/2017 | Mish
    Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down. In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%. The corporate income tax rate will rise to 7% from the current 5.25% rate. For what? Nothing. Reforms are nonexistent. Another Deadline Come and Gone {..snip..}
  • Can An American Taxpayer Fight The IRS And Win? Is There A Law Stating You Must Pay Taxes?

    07/02/2017 6:56:41 AM PDT · by davikkm · 67 replies
    IWB ^ | Pamela Williams
    I am now researching the rights of the American Taxpayer. Has any taxpayer fought the IRS and won? In fact, yes! The first case we will discuss is The tax code generally allows the IRS to audit three years back, and six in some cases. The U.S. Supreme Court in U.S. v. Home Concrete & Supply, LLC has dramatically cut back on IRS reaches into six year territory. It is an absolutely positive win for the American taxpayer. The main rule is that the IRS time to audit runs three years after filing or due date. However, the IRS...
  • The Latest: Tourists Buy in to Recreational Pot in Nevada

    07/01/2017 4:27:49 PM PDT · by BackRoads775 · 35 replies ^ | 01 July 2017 | AP
    LAS VEGAS (AP) — The Latest on Nevada becoming the fifth state in the U.S. with stores selling marijuana for recreational purposes (all times local): Minnesota resident Edgar Rosas Lorenzo on Saturday flew with his family to Sin City for a wedding. But even before he checked in to his hotel, he stopped at a pot dispensary on the Las Vegas Strip. The 21-year-old says he learned of the legalization of recreational marijuana in Nevada while he was at the airport waiting for his flight to depart. He waited in line about 40 minutes before he could buy one-eighth of...
  • A Look at Illinois' Budget Disaster as Impasse Hits 3rd Year

    07/01/2017 3:43:58 PM PDT · by BackRoads775 · 24 replies ^ | 1 July 2017 | By Sara Burnett
    Illinois started its third straight fiscal year without a state budget on Saturday, territory that could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket sales will halt, and the state's credit rating will be downgraded to "junk." While a spending plan got early approval in the House on Friday, the chamber later adjourned for the day, with House Speaker Michael Madigan saying they would return Saturday — the first day of the new fiscal year.
  • Connecticut, Don't Be Illinois

    06/30/2017 6:05:21 AM PDT · by Zakeet · 23 replies
    Hartford Currant ^ | June 2, 2017
    In Illinois, people are moving out as political leaders are locked in an impasse over the state budget. (Sound familiar?) The bond rating for the Land of Lincoln is close to junk status because of the standoff. There is an ugly lesson here for Connecticut's General Assembly: Don't be like basket-case Illinois. Connecticut is headed there, however, if the legislature doesn't end its budget deadlock and address the problems that are putting the state deep in the hole - a $5 billion budget hole over two years. Aetna drove that point home Thursday morning with the message that it's moving...
  • Carried Interest Tax to Carry Water for Reform?

    06/29/2017 7:14:52 AM PDT · by Kaslin · 10 replies ^ | June 29, 2017 | Veronique de Rugy
    Much of the difficulty Republicans are experiencing in passing tax reform is self-inflicted. They've fallen into a trap of the left by trying to ensure that the much-needed reforms to our outdated and punitive tax code are "revenue-neutral" -- meaning the government continues to take just as much out of the economy in taxes going forward. It's all well and good to avoid increasing the debt, but it's irresponsible to not even try accomplishing this with spending cuts. Deficit neutrality doesn't prohibit all increases in revenue through reform, but it emphasizes the need to address Washington's spending addiction through cuts...