tagged w/ Tax
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The Clintons have made a $100-million fortune since leaving the White House, but a Politico analysis found that hasn’t kept Bill Clinton from taking full advantage of the publicly funded perks offered to ex-presidents.
In fact, his presidential retirement benefits cost taxpayers almost as much as those of the other two living ex-presidents combined...The Clintons have made a $100-million fortune since leaving the White House, but a... more
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While a few leftwing dinosaurs here busy themselves with the plight of the low-waged whose tax bills are about to rocket under the new 20% starting rate, an Argentine writer has been applying himself to wider questions of social injustice.While a few leftwing dinosaurs here busy themselves with the plight of the low-waged... more
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National Priorities Project analyzes and clarifies federal data so that people can understand and influence how their tax dollars are spent.
Taxpayers can take stock of how the federal government spent their 2007 income tax dollars: over 40 percent went towards military spending, while education received just over 4 percent.
The War in Iraq Costs:
http://www.nationalpriorities.org/costofwar_homeNational Priorities Project analyzes and clarifies federal data so that people can... more
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I have mixed feelings about Bloomberg. As a smoker, the ever increasing tobacco tax in New York makes me angry, but as a non-driver I think legislation like this is a good way to generate revenue for a major metropolitan area such as New York. Alas, it seems like smokers are more demonized than drivers, even though cars are far worse for the world we live in than cigarettes.
I have mixed feelings about Bloomberg. As a smoker, the ever increasing tobacco tax in... more
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Gordon Brown was facing the first serious test of his political authority yesterday when a senior minister attacked his plans to raise alcohol duty in the budget and he was forced to respond to a tax revolt by backbench MPs. To defuse escalating concern over the centrepiece of his final budget as chancellor, Brown's whips promised to look again at claims that 5 million poorer households were being hurt by the abolition of the 10p income tax band. A group of normally loyal backbenchers had tabled an early day motion criticising the impact of the abolition and rejecting assurances given by ministers about its impact. Yesterday it also became clear that scientists advising the government over the reclassification of cannabis believe that it should stay as a class C drug, and not be upgraded to class B. Do you think cannabis should be reclassified as a more harmful drug in UK law? And should alcohol be taxed in order to fund social measures?Gordon Brown was facing the first serious test of his political authority yesterday... more
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California's potential $16 billion budget shortfall has led state officials to an unusual source for tax revenue — medical marijuana storefronts. In a state where it's legal to buy prescription pot, those shops generate millions of dollars each year. But there's just one problem — buying and selling marijuana is still a federal crime.California's potential $16 billion budget shortfall has led state officials to an... more
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Don't try running from the IRS, because you'll just die tired. VC2 producer Bookworm Brown and his crack team of multimedia misfits bust open a common question about calculating the fatter tax refund. If your idea of getting more tax deductions on your income is birthing 6 or 7 kids, then Ed McMahon says you may already be a winner. Don't want to change diapers? In this latest project, you'll find out which is the better way to keep more of your income incoming.
Let us know what works for you? Please share.Don't try running from the IRS, because you'll just die tired. VC2 producer... more
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How have the Clintons managed their millions in recent years? According to Hillary's team, we may get the answer to that very soon. Spokesman Howard Wolfson said last week that she'll be releasing her much-awaited tax returns "in or around April 15."
The subject of tax returns has been a uncomfortable one for Clinton since it was revealed she loaned her campaign $5 million in January. Traditionally Democratic candidates have been open with their tax returns. Kerry, Gore and Obama have all released theirs and Clinton's apparent reluctance to has been a point of contention since the presidential campaign began.How have the Clintons managed their millions in recent years? According to... more
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richjm
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added this
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4 years ago
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According to this blog, the tax rebate we hope to get this year is actually an advance on next year's tax rebates. Which means you are sort of borrowing from your futureself (or your future witholdings).
According to this blog, the tax rebate we hope to get this year is actually an advance... more
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sajh
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added this
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4 years ago
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In 2002, Ireland passed a tax on plastic bags; customers who want them must now pay 33 cents per bag at the register. There was an advertising awareness campaign. And then something happened that was bigger than the sum of these parts.
Within weeks, plastic bag use dropped 94 percent. Within a year, nearly everyone had bought reusable cloth bags, keeping them in offices and in the backs of cars. Plastic bags were not outlawed, but carrying them became socially unacceptable — on a par with wearing a fur coat or not cleaning up after one’s dog. In 2002, Ireland passed a tax on plastic bags; customers who want them must now pay 33... more
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That's an argument for Paul if I've ever seen one.
Presidential contenders have been busy portraying their political differences from others inside and outside of their parties, but when it comes to fiscal policy, ideological labels don't necessarily apply. That's just one finding of a comprehensive study from the National Taxpayers Union Foundation (NTUF), which provides cost estimates -- based on hard data -- for more than 450 of the major candidates’ proposals that would affect the federal budget.
"Our analyses hopefully will help taxpayers distinguish political posturing from concrete proposals -- many of which would significantly change the size and make-up of the federal budget," NTUF Senior Policy Analyst Demian Brady said. "As the public-policy debate on the campaign trail nears its 'Super Tuesday' peak next week, we're providing Americans with the chance to systematically examine how future budget plans may affect their own future finances."
NTUF assumed the most conservative cost estimates of federal outlays based on a variety of sources, including the candidates' own projections; summaries from the Congressional Budget Office, Congressional Research Service, and the White House Office of Management and Budget; and results from equivalent legislation from NTUF's BillTally cost accounting system. Among the general findings of the eight reports, analyzing six Republicans and two Democrats:
* The eight candidates proposed a combined total of 189 items that would increase federal spending, 24 items that would decrease it, and 238 items whose budgetary impacts are unknown -- in addition to dozens of sub-items further detailing program components. The four respective frontrunners in the two parties (John McCain, Mitt Romney, Hillary Clinton, and Barack Obama), proposed overall fiscal policy agendas whose net effect would raise annual federal outlays between $6.9 billion and $287.0 billion.
* The top-tier GOP candidates often portrayed as "conservative" (Mitt Romney and Mike Huckabee) actually called for significantly larger spending hikes ($19.5 billion and $54.2 billion, respectively), than the so-called "moderate conservative" (John McCain, $6.9 billion).
* Among Democrats, Barack Obama, often described as ideologically more "moderate" than Hillary Clinton, actually has the larger agenda of the two ($287.0 billion vs. $218.2 billion).
* Defense-related spending items received the highest proposed spending increases among Republican candidates. Huckabee and Romney, for example, offered $67.2 billion and $40.6 billion, respectively. Among Democrats, Clinton's biggest boost goes toward health care ($113.6 billion) and Obama's for economy, transportation, and infrastructure ($105.0 billion).
* Two of the eight candidates proposed sufficient spending cuts that more than offset their new spending plans: Rudy Giuliani (-$1.4 billion) and Ron Paul (-$150.1 billion).
NTUF is the nonpartisan research arm of the 362,000-member National Taxpayers Union, a citizen group founded in 1969. Note: Due to time constraints, NTUF staff were unable to complete a report for Democratic candidate John Edwards. For the full reports, graphs of the data, and audio analysis from NTUF staff, visit www.ntu.org.That's an argument for Paul if I've ever seen one.
Presidential... more
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George W. Bush has announced in Congress his masterplan to save the parlous state of the US economy: a 'shot in the arm' package of measures totalling around £77 billion, including 'temporary tax cuts'. The benefits of the plan seem to be mostly aimed at middle-class families in a country where shares have slumped and unemployment is on the rise during election year. Reuters reports today that the outlines of the plan will probably be formed in time for Bush's State of the Union address to Congress on January 28.
George W. Bush has announced in Congress his masterplan to save the parlous state of... more
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161 federal tax crime charges were brought against 9 defendants by the ISA. Robert Kahre paid numerous workers for their labor with circulating gold and silver U.S. coins, and did not report the wages. The payments took place over several years, allegedly totaling at least $114 million dollars.
After a four month trial the Judge found the defendants not guilty on the grounds that no law could be found making it compulsory to pay income tax. I have read elsewhere that IRS agents have resigned when they realised this, since they had no legal leg to stand on in prosecuting people who didn't pay income tax.
Not surprisingly the media seems to be avoiding this landmark case (decided on September 17th) like the plague. Surely if everyone realised that they needn't pay income tax then the US financial system would implode inwards on itself like a flan in a cupboard?
For more gritty detail, check the article. But as ever current brethren, I want your thoughts, so fire up those webcams!161 federal tax crime charges were brought against 9 defendants by the ISA. Robert... more
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