December 17, 2012
(Original Post) By Pat Garofalo on Feb 24, 2012 at 3:35 pm In what one state Democrat has called “Robin Hood in reverse,” Kansas’ tax committee this week approved a bill that would cut taxes on the wealthiest Kansans to the tune of $1,500, while raising taxes on those residents making less that $25,000 per […]
December 17, 2012
(Original Post) Published: Friday, Feb. 24, 2012 – 12:00 am | Page 12A With loopholes as big as locomotives in the federal tax code, many of America’s most profitable corporations pay little or nothing in corporate taxes. When companies don’t pay their fair share, that means the rest of us have to pay more in […]
December 17, 2012
(Original Post) Posted by AccountingWEB in Tax, Income Tax on 02/27/2012 – 16:46 By Ken Berry The battle lines are being drawn. Last week, President Obama unveiled the framework for an extensive corporate tax package. It didn’t take long for his rivals to poke holes in the plan. In fact, the Republican front-runner for the presidency, […]
December 17, 2012
(Original Post) Tuesday, February 28, 2012 If Illinois were to adopt the same graduated income tax rate structure as Iowa, Illinois would raise $6.3 billion more in revenue than it does from its current five percent flat rate, while 54 percent—over half—of all taxpayers would pay less in state income taxes…from The Case for Creating […]
December 17, 2012
(Original Post) By Ashley Portero February 29, 2012 1:30 PM EST General Electric Co. (NYSE: GE) again stands accused of employing tax-dodging techniques to avoid paying a fair rate of income tax. In a dispute that crystallizes the politically charged debate over corporate taxes, GE is again the focus of criticism from Citizens for Tax […]
December 17, 2012
(Original Post) By William T. Terrell Published Wednesday, Feb. 29, 2012, at 5:25 p.m.Updated Wednesday, Feb. 29, 2012, at 5:26 p.m. It’s amazing that economist Arthur Laffer is having a great impact on attempts to alter Kansas individual income taxes, and that neither Gov. Sam Brownback nor Revenue Secretary Nick Jordan has arranged for a […]
December 17, 2012
(Original Post) JONATHAN KAMINSKY, Associated Press THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES OLYMPIA, Wash. (AP) — Washington state’s freshman House Democrats on Wednesday called for wide-ranging changes to the state’s tax code, from creating a state capital gains tax to eliminating the out-of-state sales tax exemption. A dozen lawmakers — one of […]
December 17, 2012
by Chris Markowski March 10, 2012 On April 1, our ally Japan is playing a cruel little April Fools’ Day joke on us: The country is lowering its corporate tax rate from 39.5% to 35%. This will give the United States the dubious and awkward distinction of having, at 39.2%, the highest integrated federal/state tax […]
December 17, 2012
by Brian Lynn March 15, 2012 Speakers at a State House rally Thursday said repealing the state’s sales tax on groceries and a federal income tax deduction would create tax equity and address looming budget shortfalls. “Asking the richest Alabamians to pay the same share as the rest of us is common sense,” said Kimble […]
December 17, 2012
(Original Post) By Tim Feran The Columbus Dispatch Sunday March 18, 2012 9:40 AM When Ohio offered Sears big money in hopes the retailer would relocate its headquarters to central Ohio, it seemed like a rare chance to snag an iconic American company. Sears dashed Ohio’s hopes in December by deciding to stay in Illinois. […]
December 17, 2012
(Original Post) Once upon a time six years ago, the Legislature, prodded by a governor and shamed by a tax study, actually took a baby step toward tax fairness. Lawmakers raised the nation’s lowest income tax threshold — the point at which people begin paying state income tax — from an embarrassingly low $4,600 a […]
December 17, 2012
11:02 PM, Mar. 19, 2012 Written by A Journal News editorial Sunday’s report on gas taxes in New York helps codify the pain and anguish so many New Yorkers feel when they so much as drive by a gas station in the Empire State. “It’s outrageous,” declared Stephen Lester, whose quest for cheaper gas takes […]
December 17, 2012
(Original Post) Kasich thinks so, but our taxes aren’t really so high8:02 AM, Mar. 22, 2012 Written by Paul E. Kostyu COLUMBUS — Lower Ohio’s burdensome personal income taxes. Create jobs. That’s what Gov. John Kasich proposed last week in an expansive plan to reform government and improve the state’s economy. Kasich said Ohio’s income […]
December 17, 2012
(Original Post) By Scott Rothschild April 2, 2012 Tax-cut proposals harmful, group says The League of Women Voters of Kansas issued a news release critical of Gov. Sam Brownback’s tax-cutting plan as well as two major proposals in a House-Senate conference committee. All three plans reduce income tax rates and eliminate income taxes on nonwage […]
December 17, 2012
Posted on Tuesday, April 03, 2012 By Gene Meyer | Kansas Reporter TOPEKA — Gov. Sam Brownback and state lawmakers say they want to cut income taxes. So what? tax mavens say. The state government will get its money. Somewhere. Somehow. “True tax reform has to be a combination of reduced tax rates and spending […]
December 17, 2012
(Original Post) Posted: April 4, 2012 – 12:23am By BARBARA KELLYLowcountry Liberal “A nation does not have to be cruel to be tough.” These words of Franklin Delano Roosevelt would be a good reminder for some in the Republican Party who have a new sport — demonizing poor people. In this time when the top […]
December 17, 2012
(Original Post) Wednesday, Apr 4, 2012 7:45 AM Eastern Daylight Time From factory farms to home foreclosures, state governments are helping hide corporate wrongdoingBy David Sirota You can’t be outraged by — or fight back against — what you don’t know. At least that seems to be the theory behind a spate of new government-backed […]
December 17, 2012
(Originial Post) 5:56 p.m. EST, April 4, 2012| By Jason Garcia, Orlando Sentinel SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its U.S. theme parks. Earnings set a company record. But SeaWorld won’t have to pay a dime in federal income tax. It will not have to […]
December 17, 2012
(Original Post) By Jason Garcia — The Orlando Sentinel Posted: 12:00am on Apr 9, 2012; Modified: 1:38am on Apr 9, 2012 ORLANDO, Fla. — SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its United States theme parks. Earnings set a company record. But SeaWorld won’t have to […]
December 17, 2012
(Original Post) By Bernie Becker – 04/09/12 07:52 PM ET Twenty-six Fortune 500 companies paid a tax rate of less than zero over a four-year span, according to a new study. The report from Citizens for Tax Justice and the the Institute on Taxation and Economic Policy updated an analysis released last year that found […]
December 17, 2012
(Original Post) Instead of giving money to the government, it turns out more than a few U.S. companies are actually making money off their income taxes. In a recent report by the Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy, 26 of 30 Fortune 500 companies examined had negative income […]
December 17, 2012
(Original Post) April 10, 2012 Robert BowenEconomic Policy Examiner A new report released today shows that many very profitable corporations paid no federal tax in 2011. In fact, many received big taxpayer subsidies. This news may not make the average middle class taxpayer feel great when they pay their taxes this week.Citizens for Tax Justice […]
December 17, 2012
(Original Post) April 10, 2012, 2:02 PM Twenty-six Fortune 500 companies including General Electric and Boeing paid no net federal income taxes from 2008 through 2011, according to a new report from the left-leaning group Citizens for Tax Justice. Many of those companies avoided paying taxes by using a tax provision known as accelerated depreciation, […]
December 17, 2012
LYNNE SHAW Published: 4/11/2012 2:24 AM Last Modified: 4/11/2012 3:53 AM What is the difference between serious statistical research and statistical manipulation? The foundation for all of the Oklahoma personal income tax proposals is one “study” done by the commercial and biased group of Arduin, Laffer and Moore Econometrics (ALME). Its work was published by […]
December 17, 2012
April 11, 2012 at 1:00 am By Gilda Z. Jacobs On a wintry February day, I woke up, showered and got ready to take my little dog, Jake, for his morning walk. It snowed during the night, and I was grateful that the snow had already been removed from the streets and sidewalks. Jake appreciated […]
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