Bush won’t sign no-taxes pledge
His refusal comes in response to a call from Grover Norquist, head of the anti-tax group Americans for Tax Reform, to sign his Taxpayers Protection Pledge, in which candidates commit…
Tag: taxes
6 big ideas from India’s budget
2) Lower taxes on business Businesses operating in India currently pay some of the highest rates in the world. The government is hoping to change that, cutting India’s corporate tax…
Jon Stewart: Why Does The Obama Administration Keep Prosecuting Whistleblowers?
Blowing the whistle seems great! Herve Falciani blew the whistle on HSBC, the British bank that allegedly helped clients evade taxes. Switzerland rewarded him with charges of industrial espionage. –…
HSBC Profit Declines Sharply Amid Tax Backlash
LONDON — The British bank HSBC said on Monday that profit declined 15 percent in 2014, adding to the bank’s challenges as it continues to reel from revelations about efforts…
Most Americans Back Obama’s Plan To Raise Investment Taxes On Wealthy Families
The rich aren’t taxed enough and the middle class is taxed too much. As for your taxes, you probably think they’re too high as well. Those are the results of…
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent
A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them on the poor. Read…
The 300 missing lottery millionaires
The $1 million prizes are paid immediately to the winners, minus the taxes.
Not Everyone Is Loving The Low Price Of Gas
This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily reporting and analysis on trends in state…
China to Crack Down on Tax Collection From Multinational Companies
HONG KONG — China’s tax officials plan to step up efforts to collect taxes from multinational corporation in the latest of a series of moves in the last year, mostly…
Colorado’s Pot Revenue Is So High The State May Give Residents Money Back
Colorado’s marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents’ pockets, causing…
White House budget: Time to lift up the middle class
The White House has touted a growing economy and shrinking deficits as the impetus for proposing a range of measures aimed at helping low- and middle-income families. These would be…
The Buffett Rule is back
The president’s budget also calls for a change to “a loophole that lets some high-paid professionals avoid Medicare and Social Security payroll taxes, costing the Trust Funds almost $10 billion…
FCC To Consider New Net Neutrality Proposal
Whose Internet is it anyway? Tom Wheeler, chairman of the Federal Communications Commission, says he’s keeping that question in mind as he pitches the biggest regulatory shake-up to the telecommunications…
Airbnb To Collect Taxes In More Big Cities
Airbnb’s been struggling with numerous legal issues for a while now, and one of the biggest complaints against the service is that hosts have been using it to set up…
Here’s How Obamacare Is Going To Affect Your Taxes
Taxes are a pain. Health insurance is a pain. This year, Americans will suffer both when they file their income taxes. Ouch. The Affordable Care Act, aka Obamacare, inserted health…
Republican Governors Buck Party Line on Raising Taxes
Republican governors across the nation are proposing tax increases — and backing off pledges to cut taxes — as they strike a decidedly un-Republican pose in the face of budget…
Euro slips after anti-austerity party wins Greek elections
On the campaign trail, Tsipras said he would cut taxes and force Germany and other creditors back to the bargaining table to renegotiate the terms of the bailout package. He…
SOTU: 2016 Republicans blast Obama over tax proposals
The race for the next U.S. president was evident on Tuesday night as plenty of potential Republican contenders criticizing President Barack Obama’s tax proposals, while Democrats, including Hillary Clinton, defended…
Jack Lew Says Congress Should Turn Efforts Toward Business Taxes
Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation’s tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on…
This Was The Best Moment Of Obama’s State Of The Union Address
President Barack Obama drew some unexpected applause during Tuesday night’s State of the Union address following a line he has often repeated since his 2012 re-election. – “True to form,…
GOP, support Obama on taxing the wealthy
In the United States, the top 1% control more than one third of the nation’s resources. Two out of three Americans disapprove of the current distribution of income and wealth….
Obama’s uphill fight to hike taxes on wealthy
Income inequality is like the weather: Everyone talks about it, but no one does much about it. Now comes President Obama in his State of the Union Address, hoping to…