#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.
Business & Finance | Money & Personal Finance
5 pieces of terrible tax advice you should ignore - Business Insider
Some advice about what to do with taxes is well-intentioned — but shouldn't be heeded.
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!
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 | Interesting Links
13 Maps That Show If You Live in a Democrat-Run State, Chances are You Want to Move
Let's get real, just for a moment.
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 | Seriously???
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 | Politics
Golf Star Teed Off Over Taxes
Mickelson later apologized for comments on California taxes.
