#Taxes

News | The News

The new 1040: A look at the proposed draft | Fox Business

The form is less than one page, but may require additional documents.

Politics | Politics

California bans local soda taxes

California Gov. Jerry Brown signed legislation Thursday that prevents local governments from taxing soda until 2031.

News | Interesting Links

New 1040 tax form will be the size of a postcard | Fox Business

U.S. Treasury Secretary Steven Mnuchin said the Internal Revenue Service will be ready to unveil new tax forms next week.

News | The News

Feds Collect Record Individual Income Taxes Through May; Still Run $532.2B Deficit

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Politics | Politics

Seattle's Unloosed Monsters Will Kill The Progressive Dream

Seattle is ground zero for progressive experiments... (Its) recent contributions to the liberal virosphere include... a $275 head tax per employee to raise $48 million annually to address a rising homeless population of almost 12,000 people in a city of 7

News | News

After Trump tax cuts, most households give thumbs-up to US economy

A University of Michigan survey marks the first time since 2009 that most thought the government is doing a “good job.”

Politics | Politics

Poor Fiscal Policy Mortgaged State's Future - Hartford Courant

Op-ed: Connecticut's economy is at a crossroads because of poor fiscal discipline and pension liabilities that threaten the future prospects for out children, says Don Klepper-Smith.

Politics | Politics

Colorado: Marijuana money isn't the pot of gold voters hoped for

School district officials are often asked why they need more funding since taxes on marijuana go toward education.

Politics | Politics

GOP Tax Cuts: Rich Are Paying A Larger Share Of Income Taxes

The most frequently repeated complaint about the Republican tax cuts is that they are a massive "giveaway" to the rich. New evidence shows that this claim, like almost every other attack on the tax bill, is false.

Business & Finance | Economics

State Taxes: Americans Are Migrating In Droves To Low-Tax States

There has been a vast, largely unheralded migration in the U.S. over the past decade. Not because of weather, or amenities. But because of taxes.

Politics | Politics

Trump tax cut will increase tax for 1 million Californians | The Sacramento Bee

The Tax Cuts and Jobs Act, carried by Republicans and President Donald Trump, probably will increases taxes for at least 1 million Californians because of a cap on state and local tax deductions.

Business & Finance | Economics

Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves, CBO Report Says

When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for

Politics | Politics

Top 20% of Americans Will Pay 87% of Income Tax - WSJ

One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes.

Politics | Politics

Here's exactly how much paychecks changed after tax reform for people at every income level from $20,000 to $269,000 a year

Trump's new tax law gave most Americans' paychecks a boost. Here's how much you're taking home every other week.

Politics | Politics

April 2019 Tax Bills May Catch Some Americans Off Guard - Bloomberg

Most Americans will owe less in taxes as a result of President Donald Trump’s overhaul of the U.S. tax code, but in a few jurisdictions, about one in 10 will be paying more, according to an analysis released Wednesday by the Tax Policy Center.

Miscellaneous | Interesting

Californians Doing The Once-Unthinkable: Leaving California | Investor's Business Daily

California has big problems, including soaring taxes, stratospheric home prices and too many regulations. But its most serious problem may be that people are leaving the state in droves.

Politics | Trump Politics

Trump Letter Surfaces, Believed to Prove Trump Sneaked Wall Funding into Spending Bill

Democrats in Congress gloated when they thought the spending bill denied Trump funds for the border wall, but some theorize that Trump will have the last laugh.

Politics | Politics

State and Local Income, Sales and Property Taxes All Hit Records in 2017

(Screen Capture)(CNSNews.com) - Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau.

News | The News

Fed Beige Book: Tax overhaul is boosting US wages | Fox Business

Businesses saw “modest increases in compensation” after passage of the $1.5 trillion package, according to the central bank.

News | The News

Democrats are now trying to help the 1%: Varney | Fox Business

FBN's Stuart Varney on the exodus of wealthy people from high-tax states.

Politics | Trump Politics

WINNING: New Poll Says Majority Of Americans Support GOP Tax Reform

A majority of Americans now support Republican-led tax reform, according to a new poll from The New York Times. The poll, done in conjunction with Survey Monkey, says that 51 percent of Americans appr

Politics | Politics

California is collecting so much of your money it can’t save it all

Democrats and Republicans want to fill California’s budget rainy day fund. But what comes next?

Politics | Politics

Home Depot employees to get up to $1,000 bonus due to tax reform

Home Depot is awarding its hourly employees in the U.S. a one-time cash bonus of as much as $1,000 following the passage of new tax legislation.

Politics | Politics

Starbucks to boost worker pay and benefits after US lowers corporate taxes

Starbucks will give domestic employees pay raises, company stock, and expanded benefits worth of more than $250 million, the company said on Wednesday.

News | The News

Jake Tapper Gets Bernie Sanders To Admit The Middle-Class Tax Cuts In The GOP Bill Are ‘A Good Thing’

On Sunday, CNN’s “State of the Union" host Jake Tapper put Sen. Bernie Sanders (I-VT) in an uncomfortable position, forcing him to acknowledge that the middle-class tax cuts in the GOP bill are a good thing:

Business & Finance | Business

In Silicon Valley, much-feared tax bill pays dividends for workers | VentureBeat

(Reuters) — The U.S. tax overhaul is a boon to Silicon Valley technology companies like Apple Inc and Alphabet Inc, which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate.

News | News

Victor Davis Hanson: Is California Cracking Up? | Stock News & Stock Market Analysis - IBD

Corporate profits at California-based transnational corporations such as Apple, Facebook and Google are hitting record highs. California housing prices from

Politics | POLITICS

Where the Candidates Stand on Your Taxes | MONEY

How much of your paycheck will you keep? Ahead of the election, see what Clinton and Trump are planning for your taxes.

Politics | Politics

Bombshell report on Trump taxes sends GOP nominee reeling

It puts an exclamation point on what was already one of the worst weeks for any presidential candidate in recent memory.

Business & Finance | Business

How Apple—and the Rest of Silicon Valley—Avoids the Tax Man | WIRED

Apple is not the only high-tech US firm taking advantage of tax loopholes in places like Ireland and the Cayman Islands.

Miscellaneous | Interesting Links

Sorry, Maya Dirado: You'll still have to pay taxes on that Olympic medal

Update on 'Essential Politics: Hundreds of bills live or die in Sacramento 'suspense file' action'

Politics | Politics

Bernie Sanders and his wife made $205K, according to 2014 tax returns

Sen. Bernie Sanders and his wife on Friday released their full 2014 tax return, showing a combined income of more than $205,000, following pressure from Democratic presidential campaign rival Hillary Clinton.

Science & Technology | Technology

This guy recreated that $47,000 TSA app in 10 minutes

What did this app do? Basically, it randomly selected which lane (left or right) passengers should go into in a security line.

Politics | POLITICS

45 percent of Americans pay no federal income tax

Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year. An estimated 45.3 percent of American households — roughly 77.5 million — …

Politics | The circus we run our country with

For Cam Newton, Adding Super Tax Insult to Super Bowl Injury

He'll be paying about $101,000 of extra tax simply because the game took place in California.

Miscellaneous | Interesting stuff

Married? Pay Attention to These 4 Things at Tax Time

If this is your first tax season as husband and wife, here are four things that will be different this time around.

Politics | Politics

Caltrans seeks 5,000 volunteer motorists for mileage fee pilot program

The California Department of Transportation is seeking 5,000 volunteers for an experimental program that will charge motorists a fee based on how far they drive -- a proposal that could replace the state gas tax as a way to fund highway maintenance and re

Business & Finance | Business & Finance

Top 5 End-of-Year Tax Strategies for Small Businesses

The time to think about tax season isn't at the first of the year -- it's all year long. These five strategies can help.

Politics | POLITICS

Do the Rich Pay Their Fair Share?

Do the rich pay their fair share of taxes? It's not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whoev...

News | That's News to Me

This Unwelcome Aspect of Obamacare Is Going to Surprise a Lot of People in 2016 -- The Motley Fool

If you thought millions of consumers were shocked when they filed their taxes last April, then you haven't seen anything yet!

Politics | Op-Ed

Death & Taxes | Jlife

News | That's News to Me

IRS says thieves stole tax info from additional 220,000 - Yahoo Finance

From Yahoo Finance: A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed. An additional 220,000 potential victims had information ...

News | The News

Chicago finds new tax stream: Netflix, Spotify, online gambling - Jul. 2, 2015

Chicago has expanded its taxing power to extend to streaming services. The city's residents will now pay an extra 9% tax to use services such as Netflix and Spotify.

Politics | The IRS

Report: IRS Deliberately Cut Its Own Customer Service Budget | The Weekly Standard

If you tried to contact the IRS with a question about your taxes this year, chances are you didn't get a response. The IRS estimated that it would only answer 17 million of the 49 million calls received this filing season. Taxpayers lucky enough to have the IRS answer their calls waited an average of 34.4 minutes for assistance--nearly double the wait time last year (18.7 minutes).

Miscellaneous | Interesting Links

What Does the IRS Do With All the Paperclips People Send Them? | Mental Floss

The IRS becomes the proud owner of a huge batch of new paperclips each year. So, what do they do with the influx of office supplies?

Business & Finance | FINANCE & INVESTMENTS

6 Red Flags That Can Get You Audited

There’s nothing quite as heart-stopping as a notice from the IRS. Sometimes it’s to raise a question about an item on your return; other times you may get a notice that you owe money. If you’re really unlucky, you may find out the IRS is auditing your return.

News | The News

Californians Now Paying A ‘Global Warming’ Fee On Gasoline | Truth And Action

A $.10 fee is now being added to each gallon of gas, before sales tax, in California. It is a tax, but that isn't what they are calling it. Instead, the fee is described as an amount paid by gas retailers when distributors load tanker trucks. So Califor

Politics | Interesting Links

Do the Rich Pay Their Fair Share? - Prager University

Do the rich pay their fair share of taxes? It's not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whoever they are, paying now? Is there any tax rate that would be unfair? UCLA Professor of Economics,

Politics | Politics

First Time Ever: Federal Tax Revenues Top $1 Trillion Thru January; Gov't Still Runs $194B Deficit | CNS News

Inflation-adjusted federal tax revenues hit a record $1,046,224,000,000 for fiscal year 2015 through January, but the federal government still ran a $194,209,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

Business & Finance | Business & Finance

10 Crazy Sounding Tax Deductions IRS Says Are Legit - Forbes

Tax returns are signed under penalties of perjury, so you can't lie. But creativity sometimes pays off. Do you feel lucky today?

History | History

What 11 Common Objects Would Cost in 2015 if Colonial Taxation Still Existed | Mental Floss

It’s safe to say the American colonists were pretty upset about the taxes and tariffs imposed on imported goods in the 1760s and 1770s—upset enough to start a war. But at rates like ten shillings or a couple of pounds, the tariffs hardly sound oppressive to modern ears. That is, until you do the math...

Business & Finance | Business & Finance

Why marketing is a great year-end tax write-off | VentureBeat

GuestLiterally every dollar invested in marketing can be effectively written off.

Politics | Interesting Links

The Progressive Income Tax: A Tale of Three Brothers - Prager University

The Progressive Income Tax is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system

Politics | Politics

Here's How Gasoline Taxes Stack Up State By State

Gas taxes range from 12 cents to over 50 cents per gallon on the state level. What are you paying?

Politics | Politics

BILL CLINTON: Executives Think The US Tax Code Is 'Crazy' - Yahoo Finance

Bill Clinton is calling on the US to follow other countries around the world and lower its corporate tax rate to reduce so-called corporate "inversions" — the controversial practice of relocating a company headquarters overseas to take advantage of lower rates. When executives now look at other countries' tax codes, they think the US system is "crazy," Clinton said.

News | The News

$2.66T: Tax Revenues for FY14 Hit Record Through August; Gov’t Still Runs $589B Deficit | CNS News

Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Stat

Politics | Interesting Links

Thousands of Americans surrendering their passports due to huge hike in government fees

Large tax bills faced by Americans who have not lived in their country for years are forcing US citizens to renounce their nationality - but only at a cost

Politics | Op-Ed

Government will take every penny you've earned so far this year: Examiner Editorial

As Americans celebrated this nation's birthday on July 4, most were likely unaware of a less uplifting commemoration that fell on the calendar during the same holiday weekend. That was Cost of Government Day, or July 6, 2014. The date's significance is on

News | The News

Federal Tax Revenues Set Record Through May; Feds Still Running $436B Deficit

Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed May at an unprecedented $1,9

Politics | Politics

Taxing Drivers By The Mile An Obvious Revenue Grab

California drivers pay for the roads, highways and bridges they use when they buy fuel and they already pay the highest fuel taxes in the country.

Politics | PC Culture

Sen. Introduces Bill To Test Out Taxing Motorists For Every Mile They Drive - CBS Los Angeles

The California Legislature is looking at a voluntary program that would tax motorists for every mile they drive.

Politics | Other Politics

Golf Star Teed Off Over Taxes

Mickelson later apologized for comments on California taxes.