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Keyword: taxes

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  • New Jersey governor, lawmakers strike deal to hike taxes on state's millionaires

    09/17/2020 7:53:35 AM PDT · by knighthawk · 20 replies
    Fox Business ^ | September 17 2020 | Megan Henney
    New Jersey Gov. Phil Murphy on Thursday announced a new deal with fellow Democrats to hike taxes on the state's wealthiest individuals and couple that with a one-time tax rebate for lower-income households. Under the plan, the state's gross income tax rate on individuals earning between $1 million and $5 million would increase from 8.97% to 10.75%. Wages over $5 million are already taxed at the top marginal rate of 10.75%. Someone earning $4 million would pay roughly $71,200 more in taxes each year, while someone making $1 million would see an increase of about $17,800 per year. Murphy's administration...
  • NC court reverses judge on voter ID, income tax cap. Ruling doesn't affect 2020 vote.

    09/16/2020 2:05:48 AM PDT · by Libloather · 4 replies
    News Observer via MSN ^ | 9/15/20 | Josh Shaffer, Will Doran
    The N.C. Court of Appeals ruled Tuesday that the state legislature had the authority in 2018 to place two Constitutional amendments on the ballot, one capping income tax and the other calling for voter ID. However, the ruling doesn’t mean that people will have to show a photo ID when they vote this year. There are two other ongoing lawsuits where judges have found North Carolina’s voter ID law appears to be unconstitutional, one in state court and one in federal court. As long as those other lawsuits and legal rulings continue to block voter ID from going into place,...
  • Wealthy New Yorkers should brace for higher taxes, city's comptroller says

    09/15/2020 11:52:37 AM PDT · by DFG · 39 replies
    Fox Business ^ | 09/15/2020 | Megan Henney
    Wealthy New Yorkers should brace for tax hikes as the city grapples with one of the worst fiscal crises in nearly five decades as a result of the coronavirus pandemic, City Comptroller Scott Stringer said Tuesday. -snip- "Why would you risk your life going to Texas, or Florida, or any place where you have governors who just ignore health safety laws?" he continued. "You have to be nuts to go there. Stay where you are, New York is the safest place in the world right now."
  • NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades

    09/11/2020 7:07:49 AM PDT · by Theoria · 49 replies
    The Wall Street Journal ^ | 11 Sept 2020 | Alexander Osipovich and Joseph De Avila
    New York Stock Exchange will temporarily run one exchange from Chicago to show its readiness to move The New York Stock Exchange is signaling that it will move its electronic trading systems out of New Jersey if the state implements a proposed tax on financial transactions. The NYSE plans to announce that it will run one of its exchanges from a backup site in Chicago for a week as a demonstration of its readiness to quit the state, according to an internal memo seen by The Wall Street Journal. Like many other exchange operators, the NYSE runs its electronic trading...
  • Gov Andrew Cuomo says he WILL consider hiking taxes for New York City's wealthiest residents if the federal government doesn't provide aid - despite begging the rich just weeks ago to return to the Big Apple

    09/10/2020 11:21:35 PM PDT · by knighthawk · 46 replies
    UK Daily Mail ^ | September 10 2020 | EMILY CRANE
    Governor Andrew Cuomo has now admitted he will consider taxing wealthy New Yorkers if the federal government doesn't provide aid - just weeks after he begged the rich to return to help save the city from economic ruin. Facing a huge budget shortfall, Cuomo has so far resisted calls to tax the rich - many who have fled New York City amid the COVID-19 pandemic - over fears they may never return. He has now acknowledged for the first time since COVID-19 forced the city to shutdown that raising taxes might have to be part of the solution.
  • Top CEOs tell Bill de Blasio to fix New York: Heads of 160 major corporations including Macy's, Goldman Sachs and Lyft demand the mayor crack down on crime and improve quality of life so residents who have fled in droves will return

    09/10/2020 11:19:43 PM PDT · by knighthawk · 28 replies
    UK Daily Mail ^ | September 11 2020
    CEOs from 160 top companies have demanded that New York City Mayor Bill de Blasio to address public safety and fix 'quality of life issues' that have deteriorated the city. Chief executives from companies Lyft, Macy's, Goldman Sachs and more signed the letter to de Blasio and asserted that they were sure that the city would 'remain a thriving global center of commerce, innovation and opportunity'. But despite New York having an infection rate below one per cent for more than 30 days, the CEOs said there was widespread anxiety over public safety, cleanliness and other quality of life issues...
  • Biden can't even keep track of the taxes he wants to raise

    09/10/2020 9:42:36 AM PDT · by Coopspr · 10 replies
    Youtube ^ | 9/10/20 | Cooper Springsteen
    Biden can't even keep track of the taxes he wants to raise! Check it out! We can't let his potato brain get into office!
  • Wes Moss: Comparing Biden’s proposed tax plan vs. Trump’s current policy

    09/09/2020 6:34:16 AM PDT · by Fai Mao · 11 replies
    AJC ^ | August 28, 2020 | Wes Moss
    Link Only as I think this may be on the list of publishers that don't like FR.
  • Bin Laden the Communist

    09/10/2007 10:17:29 AM PDT · by Tailgunner Joe · 10 replies · 845+ views ^ | September 10, 2007 | William M. Arkin
    Since Osama bin Laden made his first appearance in almost three years on Friday, the government and the news media have exhaustively scrutinized his video for clues as to the Saudi terrorist's whereabouts and well-being. ...his message has been dismissed as meaningless psychological warfare and propaganda, put forward in a claim for relevance on the sixth anniversary of September 11. But what bin Laden actually says in his "message from Sheikh Osama bin Laden to the American people" has the potential to be quite revealing. Gone is any mention of Israel, of the Christian and Jewish crusaders, or of the...
  • There's No Such Thing as a Free Tax Holiday

    09/03/2020 7:46:46 AM PDT · by Kaslin · 3 replies ^ | September 3, 2020 | Veronique De Rugy
    A few weeks ago, President Donald Trump proposed a payroll tax holiday to Americans earning less than $100,000 per year. The gesture is better described as a deferral of the payroll tax burden until April 2021, and that has some people worried. They should be. Talking about his plan, the president explained, "In a few moments, I will sign a directive, instructing the Treasury Department to allow employers to defer payment of the employee portion of certain payroll taxes from Sept. 1." The deferral will last until the end of 2021. As the president added, "This will mean bigger paychecks...
  • Dan Bongino WRECKS Libs Wanting to Tax Wealthy: 'I Don't Owe You Squat!'

    09/02/2020 1:53:13 PM PDT · by JV3MRC · 9 replies
    NewsBusters ^ | 9/2/2020 | Joseph Vazquez
    Conservative radio host Dan Bongino absolutely destroyed liberals who want government to redistribute wealth. New York City Mayor Bill de Blasio (D) recently made a leftist plea on WNYC’s The Brian Lehrer Show: “Help me tax the wealthy. Help me redistribute wealth.” De Blasio said this even as “well-heeled New Yorkers” have been heading “for the hills” due to the coronavirus-induced budget crisis, according to The New York Post. Bongino’s message during the September 1, edition of The Five on Fox News to liberals pushing this kind of policy like de Blasio: “I don’t owe you squat!”
  • Murphy Envisions N.J. (Stock) Trade Tax Paying for Social Justice Agenda

    09/02/2020 12:45:34 PM PDT · by karpov · 9 replies
    Bloomberg | September 2, 2020 | Elise Young and Lananh Nguyen
    No excerpt from Bloomberg allowed, story here.
  • My real estate clients are fleeing Illinois’ climbing taxes

    09/01/2020 7:59:38 AM PDT · by SJackson · 26 replies
    As a real estate agent for the past eight years on Chicago’s North Shore, I often describe myself to clients as brutally honest. Selling or buying a home is, after all, an intensely personal and difficult process. Nobody wants to realize halfway through that they’ve made the wrong choice, losing both precious money and time. These days, I’m finding that my honesty is echoing what my clients already know: It’s becoming more and more unaffordable to live in Illinois. Despite having suburban listings available to them with expansive lawns and extensive amenities within walking distance to wonderful schools and parks,...
  • California’s Property-Tax Holy War. The battle to weaken Proposition 13 will determine the Golden State’s future.

    09/01/2020 5:23:01 AM PDT · by karpov · 14 replies
    City Journal ^ | Summer 2020 | Steven Malanga
    California’s Proposition 13, the successful 1978 initiative that limited property-tax increases, has long been considered the third rail of the state’s politics. Former governor Jerry Brown, coasting to victory in the 2014 gubernatorial election, called the constitutional amendment “a sacred doctrine that should never be questioned.” But now a coalition of public-sector unions, school districts, progressive advocacy groups, and Democratic politicians are betting that they can overturn at least half of Prop. 13, in the process enacting a huge tax increase on state businesses during a steep recession. Theirs promises to be a hard-fought battle, pitting rich unions against well-financed...
  • 54% of San Francisco storefronts have closed due to COVID-19, chamber of commerce study says(Wow)

    08/30/2020 9:37:52 PM PDT · by Vendome · 61 replies
    SFGATE ^ | August 25, 2020 | Fernando Martinez
    San Francisco continues to suffer business losses according to a KPIX report that states more than half of all of the city’s storefronts have closed down due to COVID-19. The report cites a new survey by the San Francisco Chamber of Commerce. “The survey showed only 46 percent of storefront businesses in San Francisco that were open at the beginning of the pandemic are still operating,” Jay Cheng, a spokesman of the San Francisco Chamber of Commerce, told KPIX. Cheng said that means 1,200 stores are open and 1,300 have closed.
  • More than 2,000 San Francisco businesses permanently closed since March, data shows: 'It's their life's work'(This is Criminal)

    08/30/2020 8:40:24 PM PDT · by Vendome · 22 replies
    ABC7 News San Francisco ^ | August 13, 2020 | Stephanie Sierra
    More than 2,000 businesses in the San Francisco,Oakland metro-area have permanently closed their doors since March, according to Yelp data. In total, 5,048 businesses in the San Francisco-Oakland-Hayward metro area closed from March 1 to July 10, per data analyzed from Yelp listings. "A small business is someone's dream," said Pete Mulvihill, owner of Green Apple Books. "It's their life's work and to see so many shuttered... it's awful."
  • Pinterest pays $89.5 million to terminate San Francisco office lease(and the hits keep on a comin)

    08/30/2020 8:23:59 PM PDT · by Vendome · 43 replies
    SFGATE ^ | August 30, 2020 | Katie Dowd
    Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease.The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest's existing San Francisco headquarters. The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.The termination fee for the 490,000-square-foot office space is $89.5 million, Bloomberg reports.The change in working life may also trigger a...
  • NY is hemorrhaging cash — but de Blasio, Cuomo, unions refuse to face reality

    08/30/2020 6:03:10 PM PDT · by george76 · 42 replies
    NY Post ^ | August 29, 2020 | Post Editorial Board
    Mayor de Blasio is set to send out layoff notices Monday, but trimming the city workforce won’t come close to addressing the ginormous fiscal and economic challenges ahead. Consider the July jobless figures out last week: 15.9 percent statewide, 20 percent (one of five workers) in the city. In The Bronx, 25 percent were jobless, a rate last seen during the Great Depression. New York’s numbers are far worse than those for the nation, which saw only 10.2 percent of employees off the job. And don’t blame it all on COVID: Last week, the state was posting the third-lowest number...
  • California Dems’ Wealth Tax Follows People Who Move Out of the State

    08/29/2020 10:50:49 PM PDT · by aquila48 · 64 replies
    California Globe ^ | August 17, 2020 | Katy Grimes
    In the new bill is an introduction statement that the wealth tax is “for the benefit of accumulating excessive wealth in this state,” Globe contributor Chris Micheli reported. Knowing about the huge outbound migration from California, Cavuto asked what would happen to wealthy people who move out of state. Bonta said tax “avoidance” would not be allowed as California would tax them for the next ten years, despite what state they live in. Bonta said that because they accrued the wealth in California, the state can continue to legally tax it. “Tax avoidance,” with the primary purpose of reducing the...
  • NJ Announces Gas Tax Hike of Nearly 10 Cents Per Gallon; Cites Lower Gas Use and COVID

    08/29/2020 7:38:17 PM PDT · by Kid Shelleen · 39 replies
    NBC News via MSN ^ | 08/29/2020
    New Jersey's Department of the Treasury announced a gas tax increase of 9.3 cents per gallon due to "lower fuel consumption trends, which have been exacerbated by the COVID-19 pandemic." The increase will go into effect this fall. According to the treasury department, consumption of gasoline fell by a total of 38.7 percent from March to May in the state. Diesel fuel consumption decreased by 16.5 percent. The need for gasoline and diesel fuel continues to be low as people work from home and limit extracurricular activity due to the ongoing pandemic.