- 8 years ago Sticky: Welcome to t/tax! Come and introduce yourself.
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A Real-Life Tax Scam: This is What IRS Phone Fraud Sounds Like
It's tax season, which also means it's tax scam season. People around the country are getting phone calls from criminals pretending to be tax collectors. Here is one of them.
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Senator Warren Introduces Bill to Simplify Tax Filing
United States Senator Elizabeth Warren (D-Mass.) today introduced the Tax Filing Simplification Act of 2016 to simplify and decrease the costs of the tax filing process for millions of American taxpayers. This year, taxpayers will spend an average of 13 hours preparing and filing their returns, and will pay $200 for tax preparation services - a cost equal to almost 10 percent of the average federal tax refund.
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How Plutocrats Cripple the IRS
You pay more because elites use their influence to pay less. By Martin Lobel.
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IRS Urges Americans: Come Clean Now, Before We Read Panama Papers
U.S. officials revealed to NBC News that they have taken part in two global meetings about the Panama Papers to plan how to use the huge trove of leaked documents to catch criminals — and urged Americans to come clean now before illegal activity is discovered. Last week's discussions in Paris and Washington between IRS and Treasury officials and their counterparts from around the world are the first evidence of U.S. involvement in the growing...
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Plans to stop collecting data on wealthiest 1% in UK criticised by IFS
Institute for Fiscal Studies warns about accumulation of wealth by top 1% and says HMRC proposals to stop collecting data would create misleading picture
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Why Conservatives Have Learned Nothing From Kansas’ Disastrous Tax Cuts
The problem isn't merely that modern conservatism has proved physiologically impervious to data or fact, though that's certainly part of it. Anti-tax avenger Grover Norquist loved Brownback's tax cuts when they passed, and his ardor for them doesn't appear to have abated with time. As befits a man of faith, supply-side mullah Art Laffer, who advised Brownback, is still convinced that the cuts will one day bring new prosperity to Kansas.
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Clinton vs. Sanders: POLICY IS EXCITING!
In which Hank does his best to cover the tax plans of Hillary Clinton and Bernie Sanders in a video that should really be much longer. In many ways, these are two plans that almost shouldn't be compared. Obviously, Bernie Sanders' biggest tax increases are contingent upon a massive change to the U.S.'s healthcare system that would free up a huge amount of revenue for a lot of Americans.
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Charles Koch: System is 'rigged' in favor of wealthy
Republican billionaire mega-donor Charles Koch and Democratic Socialist Bernie Sanders may agree on one thing: The U.S. economic system - especially the tax code - is "rigged" in favor of the wealthy. "This two-tiered society creates welfare for the wealthy ... and creates obstacles to opportunities for the disadvantaged," said Koch on Sunday in an interview on ABC's "This Week with George Stephanopoulos." In elaborating, he focused on inequities in the tax code.
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Understanding the Tax Plans of Donald Trump and Ted Cruz
In which John compares the tax proposals of Republican presidential candidates Ted Cruz and Donald Trump, and also discusses the current U.S. federal income tax system and the size and scope of federal budget.
1 comments by rti9 -
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Cupertino's mayor: Apple 'abuses us' by not paying taxes
Barry Chang is stuck between Apple on one side not paying for his infrastructure proposal and frustrated citizens on the other who see their roads too crowded
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Tax havens have no economic justification, say top economists
Thomas Piketty and Jeffrey Sachs among signatories of letter urging world leaders at UK anti-corruption summit to lift secrecy
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Obama administration backs California health-plan tax
The insurance companies got tax breaks.
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Top Five Reasons to End U.S. Sugar Subsidies
The current U.S. Sugar Program was introduced in 1934 with the goal of lowering sugar production and raising sugar prices. Unfortunately for American consumers, businesses, and taxpayers, the sugar program has achieved its intended goal all too well.
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Why Americans Renounce Their Citizenship
Daniel Kuettel has vivid memories of the day in 2012 when he renounced his United States citizenship. A heavy fog hung around the US Embassy in Bern, Switzerland, where he would raise his right hand and swear, "I hereby absolutely and entirely renounce my United States nationality." Right before he entered the embassy, though, Kuettel witnessed a serious car accident right in front of him, which seemed almost like an omen. "It was really weird, just a really strange day," said Kuettel, 43. "I was sad, happy, scared, relieved, worried, excited, angry, delighted..."
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B.C. to target foreign real estate buyers with new tax
The B.C. government plans to tax foreigners who buy residential property in the Vancouver area – an announcement that follows months of pressure to address foreign speculation that many have blamed for the region’s superheated housing market. Finance Minister Mike de Jong said the 15 per cent tax, which takes effect Aug. 2, will apply to the sale of all residential properties within Metro Vancouver, excluding treaty lands in the Tsawwassen First Nation. The tax will apply to buyers who are not Canadian citizens or permanent residents...
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Donald Trump says he’s being audited by the IRS, but he hasn’t released the letter that could prove it
Donald Trump has broken with a 40-year-old tradition of U.S. presidential candidates making public their tax returns because he claims to be under audit by the IRS—but he has yet to produce definitive proof that he is really being investigated. To back up the contention that he is being audited, Trump’s campaign earlier this year released a letter from his tax lawyers stating that he was under audit. That leaves the public having to take the word of Trump’s paid legal advocates. There’s a more definitive option: The real estate developer could very easily produce documentation from...
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Another reason to hate Mylan, which jacked up the price of life-saving EpiPens: It's a tax dodger
Mylan is one of the leading exploiters of the technique known as inversion, in which a U.S. company cuts its tax bill by acquiring a foreign firm and moving its tax domicile to the acquired company’s homeland.
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Apple should repay Ireland €13bn, European Commission rules
Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm's Irish tax benefits are illegal. The Commission said Ireland enabled the company to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%. Ireland and Apple both said they disagreed with the record penalty and would appeal against it.
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EPI and ATF highlight the $700 billion multinationals owe on their offshore profits
America’s biggest and most powerful corporations continue to claim they are damaged by the 35 percent U.S. corporate tax rate when it comes to international competition, but the facts prove that simply isn’t true. A newly-released online resource compiled by Americans for Tax Fairness and the Economic Policy Institute shows U.S. corporate profits are near record highs while revenue from corporate taxes is near record lows, as a share U.S. GDP, over the last six decades. Moreover, multinational corporate effective tax rates are one half or less than the statutory rate.
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Analysis: Trump Tax Plan Would Cost Trillions, Boost Incomes For The Rich
The plan would also help the rich more than the middle class, according to the Tax Foundation. And there's still one huge, $1.5 trillion uncertainty in the plan.