Washington
Reuters: Benefiting from taxes
December 19, 2012
(Original Post) Tue Nov 8, 2011 7:00am EST By David Cay Johnston Nov 8 (Reuters) – In a competitive market, economists argue endlessly about who bears the burden of corporate income tax. Is it owners, who get a smaller net return? Or workers, who make less? Or suppliers, who get lower prices? Or customers, who […]
Forbes: American Families Are Bearing the Tax Burden
December 19, 2012
(Original Post) Jessica Bosari, Contributor Anyone with access to a news broadcast can see the middle class is suffering from bearing the brunt of the tax burden. In an ideal situation, people and business would pay taxes proportional to their earnings and tax bracket. The scales however, are not balanced in the country’s tax practices. […]
Newsday: Cyber Monday is bad biz for states
December 19, 2012
(Original Post) Originally published: November 25, 2011 3:41 PM Updated: November 28, 2011 12:01 AM By MATTHEW GARDNER Matthew Gardner is executive director of the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan research organization in Washington. With the holiday season now in full swing, why are so many Main Street retailers down in […]
Plain Dealer: Politifact- Sen. Rob Portman says the U.S. has the second highest corporate tax rate
December 19, 2012
(Original Post) “We have the second highest corporate tax rate among our trading partners.” Rob Portman on Friday, November 11th, 2011 in a Joint Select Committee on Deficit Reduction hearing Tax reform was an issue addressed by the Joint Select Deficit Reduction Committee, aka the supercommittee, in its failed quest to reduce the federal budget […]
The Cap Times: State firms named in tax avoidance report
December 19, 2012
(Original Post) MIKE IVEY | The Capital Times | [email protected] | @BizBeatIvey | Posted: Wednesday, December 7, 2011 12:30 pm A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes. The Washington-based Institute on Taxation and Economic Policy […]
NPR: Report Shows Many Profitable Companies Pay No State Income Taxes
December 19, 2012
(Original Post) by Chris Lehman December 6, 2011 Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That’s one of the findings of a report issued Wednesday by a liberal think tank. The report examined federal Securities and Exchange Commission filings from […]
New York Times: Big Firms Limit Paying State Taxes, Study Finds
December 19, 2012
(Original Post) By MICHAEL COOPERPublished: December 7, 2011 As states have struggled to balance their budgets by cutting services, laying off workers and raising taxes, a study to be released on Wednesday suggests that many profitable Fortune 500 companies have not been paying as much in state corporate income taxes as the average levied on […]
The Boston Globe: Big corporations avoid state taxes, study says
December 19, 2012
(Original Post) By Beth Healy | Globe Staff December 08, 2011 Sixty-eight out of 265 Fortune 500 companies across the country paid no state corporate income taxes in at least one of the last three years, according to a new report. The companies included in the study – including EMC Corp. and Raytheon Co. […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
Washington Post: Some companies paid little or no state tax
December 19, 2012
(Original Post) By Danielle Douglas, Published: December 11 Some of the Washington area’s biggest public companies paid little to no state income taxes by using a myriad of tax breaks and other tactics, according to a research report released last week. Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 265 […]
The Huffington Post: State Tax Reform Legislation Likely In 15 States In 2013
December 19, 2012
(Original Post) John Celock Posted: 12/19/2012 12:59 pm EST WASHINGTON — Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute on Taxation and Economic Policy. ITEP said that a series of tax reform packages, ranging from an extension of the sales […]
Twin Cities Daily Planet: Tax Cut on Autopilot
December 17, 2012
Original Post by Conrad Defiebre January 5, 2012 On July 1 this year, Minnesota’s highway fuel tax will go up a half-penny to 28.5 cents a gallon, the last of seven phased increases that began in 2008. Absent legislative action, it won’t go up again — ever. Before you raise a cheer, let’s consider what […]
ABC News: State of the Union: Fact Checking the President
December 17, 2012
(Original Post) By ABC News | ABC News ABC News’ Huma Khan, Elizabeth Hartfield, Matt Negrin, Chris Good, Amy Bingham, Jeunee Simon, Greg Krieg, Meg Fowler and Sarah Parnass report:Fact or Fiction Number 1 – The Booming Economy: Obama’s Jobs Story Did the economy crater before President Obama’s inauguration, then rebound once his policies took […]
Huffington Post: Hollywood Activists Protest FedEx’s Low Corporate Tax Rate
December 17, 2012
(Original Post) Anna Almendrala First Posted: 01/25/2012 9:55 pm Updated: 01/26/2012 12:49 pm Unfair tax rates are the topic du jour when it comes to inequality in America and protesters in Hollywood put the issue center stage on Wednesday afternoon with a march down Hollywood’s Sunset Boulevard to highlight what they called FedEx’s excesssively low […]
Huffington Post: Obama Corporate Tax Plan Would Create Big Winners And Big Losers
December 17, 2012
(Original Post) Dan Froomkin Senior Washington Correspondent, Huffington Post Posted: 02/23/12 03:18 PM ET | Updated: 02/23/12 03:30 PM ET WASHINGTON — Every one of the dozens of corporate tax loopholes and subsidies that President Barack Obama announced this week he’d like to expunge has something in common: Somebody fought really hard to get it […]
Chicago Tribune: The case for a graduated income tax in Illinois
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 […]
Associated Press: Wash. House Dem freshmen call for tax code changes
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 […]
Orlando Sentinel: Shamu the shrewd? SeaWorld sees record earnings – and no income tax
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 […]
The Orlando Sentinel: SeaWorld an example of why people want tax laws changed
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 […]
Newsday: New York should pass its Dream Act
December 17, 2012
(Original Post) Published: April 11, 2012 6:13 PMBy CARL HAYDEN Carl Hayden is former Regents chancellor and former chairman of the SUNY Board of Trustees. Undocumented young people are everywhere in our public schools. They pay tuition at our colleges and universities. Despite a persistent misperception, they and their parents pay taxes. Still, they are […]
The Huffington Post: Time for a 99 Percent Tax Revolt
December 17, 2012
(Original Post) Elizabeth ParisianPolicy analyst, Stand Up! Chicago With Tax Day tomorrow, it seems like the subject of taxes — tax policy, tax fairness, tax reform — is on everyone’s minds. On Tuesday, President Obama gave a speech in Florida in support of the Buffet Rule, in what is likely a move to make tax […]
The Huffington Post: Breakfast With the One Percent
December 17, 2012
(Original Post) 04/18/2012 6:35 pmSarita Gupta is the Executive Director of National Jobs with Justice. 6:00 a.m. — A Verizon cell phone, which doubles as your alarm clock, goes off. You silence the alarm and find a text reminder that your bill is due. It’s Verizon that needs a reminder to pay its fair share. […]
Courier News: MoveOn protests tax inequity
December 17, 2012
6:20 AM, Apr. 18, 2012 Written by Bob Makin Staff Writer CENTRAL JERSEY — Nearly two dozen MoveOn members participated in the organization’s Tax the 1% National Day of Action at a bank in New Brunswick and at post offices in Flemington and Mendham on Tuesday. Regional organizer Mary Stevens said the protests in front […]
Associated Press: Kan. Senate leaders expect close vote on tax cuts
December 17, 2012
By John Hanna Associated Press / May 9, 2012 TOPEKA, Kan.—Members of the Kansas Senate expected their vote to be close Wednesday on proposed income and sales tax cuts, with critics pointing to a national think tank’s analysis that the plan would shift part of the state’s tax burden from its wealthiest residents to its […]
CBS News: Kan. lawmakers pass tax cuts, but more work seen
December 17, 2012
May 10, 2012 11:10 AM TOPEKA, Kan. — Massive tax reductions cleared the Kansas Legislature on Wednesday, but even as Gov. Sam Brownback and his conservative Republican allies marked a political victory, they scrambled to start containing possible future budget problems. The House narrowly approved a bill to cut income and sales taxes by an […]
