Much has been said about a Universal Basic Income being one of the remedies for the replacement of humans by bots, computerized automated processes, in various industries. Not many people have brought-up the question: How will we cope with the missing tax revenue in our automated future? Microsoft Corp. Show More Summary
In an interesting judgement by a Govt. designated tribunal, it has been declared that Baba Ramdev’s Patanjali Yogpeeth will not pay any income tax because it is a public charitable trust related with the education of Yoga. However, a considerable...Show More Summary
Bill Gates wonders if we should tax robots who take jobs from people:"Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things.Show More Summary
Quartz editor-in-chief Kevin Delaney recently interviewed billionaire philanthropist and Microsoft Corporation (Nasdaq: MSFT) co-founder Bill Gates, where the richest man in the world, as reported by Forbes, expressed his belief that...Show More Summary
Step-by-step, here's a guide to completing your entire income tax form, with insights that can help you save money, whether you use software, do the return by hand or rely on a professional.
In my work to prepare for the Future of Labor conversation we had at NewCo Shift a few weeks ago, I talked to a number of experts who are studying job losses due to automation and thinking about what might be done about it. Two ideas that came up a number of times were the […]
In a new interview with Quartz, Microsoft founder Bill Gates makes a rather stunning argument—that robots who replace human workers should incur taxes equivalent to that worker’s income taxes. “Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed... If a robot comes […]
The Vermont senator offered Thursday an increase in the taxable income threshold to keep the program solvent until 2078.
Pedro da Costa tells us in Business Insider that the Republican tax proposal, with its border adjustment, is going to be really bad news because it will lead to a spike in inflation. The story is that the 20 percent tax imposed on imports...Show More Summary
Bill Gates thinks robots should get taxed just like humans, he said in a recent interview with Quartz. “Right now if a human worker does you know, $50,000 worth of work in a factory, that income is taxed,” the billionaire said. “If a robot comes in to do the same thing, you’d think we would...
The legislation would raise individual income tax rates and end a business tax exemption, raising revenue by an estimated $590 million in fiscal 2018, according to a legislative analysis. S&P this month revised the outlook on Kansas' AA-minus credit rating to negative from stable citing structural budget pressures. Show More Summary
The office of Senator David Perdue (R., Ga.) sent out a press release yesterday noting his continued support for the FairTax, a national sales tax that would replace today’s income, sales, and corporate-income taxes. (The release included...Show More Summary
The third part of my critique of The Shattered Mirror: News, Democracy and Trust in the Digital Age, the Public Policy Forum's report on the future of media, has taken longer than anticipated. In the interim, there have been some excellent posts on the report, including those from Andrew Potter, Dwayne Winseck, and Marc Edge. Show More Summary
The Latest on the Kansas Legislature's debate over raising income taxes to help balance the budget (all times local): 7:35 a.m. Majority Leader Jim Denning says the Kansas Senate is … Click to Continue »
Kansas legislators who see a big income tax increase as the best way to balance the state budget hope their bipartisan plan clears the Legislature. The GOP-controlled state Senate planned … Click to Continue »
A New Jersey plastic surgeon who created shell companies to hide millions in income has been sentenced to three years in prison. David Evdokimow was sentenced on Thursday in federal … Click to Continue »
The outline of the plan points to a simpler system that would give every American a flat tax credit varying by age, but not by income.
The Republican Party has an ACA problem. The ACA is deficit reducing. Most of that was because it raised taxes on upper income families and cut back Medicare reimbursement rates for Medicare Advantage. The Republicans are ideologically indifferent to cutting back Medicare Advantage reimbursement rates especially as Medicare Advantage has continued to grow in popularity so […]
A trade group for Alaska commercial fishermen is flagging concerns with a state House proposal that would reinstitute a personal income tax. United Fishermen of Alaska says many fishermen will … Click to Continue »
A Republican legislative leader is defending a quick vote to gradually eliminate Michigan's income tax after Gov. Rick Snyder criticized the move. Speaker Tom Leonard said Thursday the measure isn't … Click to Continue »