Kay Bell (Don't Mess With Taxes), Is Alaska Getting Closer to Enacting a State Income Tax? The Blaze, ‘Incredibly Ironic’: IRS Complaint Filed Against Professor Who Urged Feds to Use RICO Laws to Go After Global Warming Skeptics Bloomberg, Income Inequality Makes Rich People Stingier Competitive Enterprise Institute, IRS Complaint...
Morrison mulls scale-back of tax breaks to help fund income tax cuts for workers.
We're more likely to do the right thing in situations of moral conflict when it requires little to no effort, new research confirms. If income information is automatically entered into our tax return, we may be less likely to alter it to something that is incorrect once it's there. However, the passive response can promote cheating, too.
Toronto - The temptation is always there: include every last bit of income you earned last year on your tax return -- or not? New research has found that we're more likely to do the right thing in situations of moral conflict when it requires little to no effort. Show More Summary
Where to go, what to do today in Shanghai. Read on for Shanghaiist's picks. [ more › ]
Liberals tend to have a hard time wrapping their heads around this simple fact: people and corporations tend to try to get around paying punishing taxes. In the case of the extremely punishing corporate income tax system, one of theShow More Summary
The growth rate withholding taxes softened slightly last week. The Treasury supplemented its income with massive new debt offerings raising its cash on hand to a record level. In spite of that, the markets barely sagged, with fixed income taking the brunt. Show More Summary
The Tax Foundation has released the 2016 State Business Tax Climate Index, which ranks the fifty states according to five indices: corporate tax, individual income tax, sales tax, unemployment insurance tax, and property tax. Here are the ten states with the best and worst business tax climates: 1 Wyoming 41...
Following up on my previous post, Income Inequality Decreased Significantly in 2013: Tax Foundation, Summary of the Latest Federal Income Tax Data, 2015 Update: The Internal Revenue Service has recently released new data on individual income taxes for calendar year 2013, showing the number of taxpayers, adjusted gross income, and...
Here is a quick wrap-up of all the posts published on trak.in last week. If you were offline for any reason this is a great way to catch up with all the tech buzz in India over last seven days. In a historical move, Income Tax Department...Show More Summary
Alaska is notable for many things, especially when it comes to taxes. The Last Frontier is the only state that does not have an individual income tax or collect a state-levied sales tax. Instead, Alaska relies primarily on oil money to keep its coffers full. Show More Summary
The Savannah Chamber of Commerce released its list of legislative priorities on Thursday, topped by a request to eliminate the state income tax on the retirement pay of veterans. According to a story in the Savannah Morning News, the exemption would be revenue neutral, paid for by raising the tax on each pack of cigarettes …
Payroll tax violations can be more serious than income tax ones, with trust monies at stake. The IRS--and prosecutors--are harsh, so don't cross them.
“A kiss is just a kiss…” Senator Elizabeth Warren has no love for a possible agreement on international tax reform. President Obama, for example, supports a 28 percent corporate tax rate, a 19 percent minimum tax on foreign income, and a one-time 14 percent tax on the more than $2 trillion in profits held offshore. […] The post “Maybe not today. Show More Summary
"I don't see how you can be serious about raising working and middle class families' incomes if you also want to slap new taxes on them -- no matter what the taxes will pay for," Hillary Clinton said Tuesday at a rally in Dallas, referring to her Democratic primary rival Bernie Sanders and his proposed health care overhaul. Show More Summary
In 2015, the vast majority of federal revenue came from just two sources: individual income taxes and payroll taxes. But it wasn’t always that way. In fact, the sources of federal revenue have changed dramatically over the course of the last century. Let’s travel back one hundred years, to 1915. Show More Summary
New policy group proposes bold Iowa tax reform. In the wake of another Tax Foundation report showing that Iowa’s business tax policy […]
This morning we released the 2016 State Business Tax Climate Index! We compile the Index each year to rank the 50 U.S. states across more than 100 variables in the areas of corporate income tax, individual income tax, sales tax, property tax, and unemployment insurance tax. Show More Summary
Trey Songz just set a glowing example in the eyes of the IRS by erasing $748,870.08 worth o' debt in less than 3 weeks. The federal tax lien was for Trey's 2013 income. The IRS hit him with the bill on Oct. 8, but according to docs obtained by…
With Oregon, Washington, and Colorado adopting highly liberalized marijuana policy and raking in tax income as a result, more and more states are reconsidering their stance on America's favorite recreational drug. California, which many might have expected to be the first to go all-out... Continue reading