December 17, 2012
(Original Post) Wednesday, August 1, 2012 It’s that time of year again – the end of summer signals back to school for many families. And it also signals the start of various sales tax holidays, as many states offer various sales tax holidays in the beginning of August. In 2012, 17 states will offer sales […]
December 17, 2012
(Original Post) Posted: August 1Updated: Today at 7:06 AM By John Richardson [email protected] House Bureau It will likely be one of the first orders of business for Maine’s next U.S. senator: extend the Bush tax cuts or let them expire? With Congress deadlocked so far on which cuts to keep, the winner of the election […]
December 17, 2012
Original Post OPINION:Not Extending Wind Credit Hypocritical Scott Sklar, President, The Stella Group, Ltd & Adjunct Professor GWU August 6, 2012 In light of the massive existing subsidies for petroleum and nuclear energy, the policy idea to allow the wind energy production tax credit expire is not only absolute poor public policy but an extreme […]
December 17, 2012
(Original Post) Published: August 8, 2012 3:00 a.m. Niki Kelly | The Journal Gazette INDIANAPOLIS – The majority of benefits from an income tax cut proposed by Republican gubernatorial candidate Mike Pence would flow to the highest-income Indiana taxpayers, a new analysis shows. Pence, a six-term U.S. congressman, last week proposed dropping Indiana’s 3.4 percent […]
December 17, 2012
(Original Post) It must be a Presidential election year because otherwise normal people are debating arcane provisions of the federal tax law and some seem to actually be enjoying it. Everybody’s got an opinion on the New York Times report that New York Attorney General Eric Schneiderman is investigating several private equity firms – KKR, […]
December 17, 2012
(Original Post) 6:23 pmThu September 6, 2012 By Shawn Johnson Several tax experts told a special legislative panel today that any income tax reform in Wisconsin should consider eliminating the state’s many tax breaks. Among those who testified was Matt Gardner of the Institute on Taxation and Economic Policy. The Institute favors a progressive income […]
December 17, 2012
Published September 11, 2012, 04:34 PM By: Sen. Kathleen Vinehout , Pierce County Herald “We’ve really got a mess,” Todd Berry told the group. Lawmakers are “mucking up the tax code with a lot of stuff nobody uses.” Mr. Berry is the president of the Wisconsin Taxpayers Alliance. He was among four experts who testified […]
December 17, 2012
(Original Post) By State Sen. Kathleen Vinehout Alma, Wis. “We’ve really got a mess,” Todd Berry told the group. Lawmakers are “mucking up the tax code with a lot of stuff nobody uses.“ Mr. Berry is the president of the Wisconsin Taxpayers Alliance. He was among four experts who testified at a recent Symposia Series […]
December 17, 2012
(Original Post) By Eliot Spitzer Posted Tuesday, Sept. 18, 2012, at 6:18 PM ET Two numbers now define our political discourse. One number, made famous by Occupy Wall Street, is 99 percent. It represents the vast majority of our society—those who do not enjoy the income distribution and tax policies, including capital gains preferences and […]
December 17, 2012
ANDREA NEAL 5:46 a.m. EDT, September 19, 2012 At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s. At 7 percent, the Indiana sales tax ties for second highest with […]
December 17, 2012
(Original Post) By Phil Mattera, Dirt Diggers Digest The firestorm over Mitt Romney’s closed-door comments depicting nearly half the U.S. population as parasites is coming mainly from those defending seniors, the poor and the disabled. But what’s really wrong with the Ayn Rand worldview Romney was parroting is that it ignores those who are the […]
December 17, 2012
(Original Post) The Huffington Post | By Bonnie Kavoussi Posted: 09/21/2012 3:48 pm EDTUpdated: 09/21/2012 4:07 pm EDT Republican presidential nominee Mitt Romney may be almost right in claiming that 47 percent of Americans “pay no income tax,” but the poorest Americans pay a far higher state and local tax rate than those in the […]
December 17, 2012
(Original Post) Viewpoint StaffSeptember 21, 2012 So the issue of the week is all about taxes — who pays how much to the government, and do the rich pay more or less. Well, we all know federal income taxes are only one part of the total tax burden. There are lots of other taxes, such […]
December 17, 2012
(Original Post) Wyatt BuchananUpdated 11:30 p.m., Saturday, September 22, 2012 Sacramento — Californians will decide two tax measures on the November ballot that would have similar impacts on their wallets but vastly different, and in some ways unknowable, effects on the state’s budget and funding for public education. Proposition 30 and Proposition 38 are competing […]
December 17, 2012
(Original Post) Sep. 24, 2012, 8:11 AM by Kenneth Thomas Every State’s State/Local Tax System Taxes the Poor More than the Wealthy–And All Exceed Federal Taxes A new report from the Institute on Taxation and Economic Policy (ITEP) shows that in every state in the country, the bottom 20% of households pay more of their […]
December 17, 2012
(Original Post) By Andrea Neal For The News-SentinelMonday, September 24, 2012 – 9:44 am At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half-dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s. At 7 percent, the Indiana sales tax […]
December 17, 2012
(Original Post) Published: Monday, September 24, 2012, 7:29 AM Updated: Monday, September 24, 2012, 7:31 AM Mike Hollis, The Huntsville Times By Mike Hollis, The Huntsville Times Think of it as Alabama’s $1 billion question. Will the money to repay the state’s savings account for natural gas royalties be siphoned out of public school classrooms […]
December 17, 2012
(Original Post) The article began: Last November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a major study of the federal income taxes paid, or not paid, by 280 big, profitable Fortune 500 corporations. That report found, among other things, that 30 of the companies paid no federal income tax […]
December 17, 2012
Written by Nicholas Tackett Saturday, 29 September 2012 17:29 Last week, remarks made by Republican Presidential candidate Mitt Romney came to light, and the results have not been pretty for the Romney campaign. These remarks formed a disparaging light on nearly half of the nation, casting 47 percent of people as ‘takers’ who depend on […]
December 17, 2012
(Original Post) By Mike Rosenberg [email protected]: 10/01/2012 10:18:54 AM PDTUpdated: 10/01/2012 10:25:43 AM PDT Some of us might love to hate ’em, but we need millionaires in California — or we’d lose tens of billions of dollars in tax revenue that pays for things like education and public safety. So should we be freaking out […]
December 17, 2012
By Alan Essig It’s time to put an end to the rumor that nearly half of Americans don’t have any “skin in the game” when it comes to paying taxes. This popular claim of late among politicians both in Georgia and on the national stage is part of a broader narrative that government is creating […]
December 17, 2012
(Original Post) Says the United States has the “highest corporate tax rate in the world.” Joseph Kyrillos on Thursday, October 4th, 2012 in a debate on NJTV Republican U.S. Senate hopeful Joe Kyrillos said increased revenues are needed to deal with the national debt, but the path to that goal isn’t paved with tax hikes. […]
December 17, 2012
(Original Post) Alexander Liddington-Cox Published 9:53 AM, 10 Oct 2012 It’s becoming increasingly clear that if China’s largest telco equipment company Huawei wants to do a meaningful amount of business in the western world, it’s going to have to list on the New York Stock Exchange. The powerful US House Intelligence Committee slammed Huawei yesterday […]
December 17, 2012
Published: October 15, 2012 By Jonah Jensen, John McCluskey & Erik Bjornson — Contributing writers NO: Measure would burden the poor and harm Tacoma’s economy Tacomans have been extremely generous in the last few years, paying an ever-increasing sales tax rate for new or increased government services. For the first time in Tacoma history, Tacoma’s […]
December 17, 2012
(Original Post) By Josh Barro Nov 2, 2012 4:34 PM ET I spent most of the last week in Los Angeles. And when I discussed Bloomberg View’s recent editorial on California — the one that argues Californians should relax their property tax limits instead of raising taxes again on high incomes — with the locals, […]
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