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Procter & Gamble Reports Mixed 3Q Results

Al Behrman, dapd/AP CINCINNATI -- Procter & Gamble's fiscal third-quarter net income rose 2 percent, bolstered by some lower expenses and a reduced tax rate. Procter & Gamble's (PG) adjusted earnings topped analyst estimates, but revenue...Show More Summary

Ask LH: How Should I Handle A Second Job From Overseas?

Hey Lifehacker, I recently was lucky enough to land a contractor job as a remote QA tester for a company in Canada. My questions are to do with tax. I will be paid for the hours I put into this job on top of my normal income. What forms...Show More Summary

The “Quality Of Life” In New Jersey

Chris Christie explains: For the people who are enamored with the idea with the income, the tax revenue from [legalized marijuana], go to Colorado and see if you want to live there. See if you want to live in a major city in Colorado where there’s head shops popping up on every corner and people […]

Chris Christie Says New Jersey Is Better Than Colorado Because Pot Is Illegal in New Jersey

19 hours agoUnited States / Seattle : Slog

On his monthly radio call-in show, New Jersey Governor Chris Christie repeated his stance on legalized marijuana. (He's against it.) "For the people who are enamored with the idea with the income, the tax revenue from this, go to Colorado...Show More Summary

DANIEL SHUCHMAN: Thomas Piketty Revives Marx for the 21st Century: An 80% tax rate on incomes abov…

DANIEL SHUCHMAN: Thomas Piketty Revives Marx for the 21st Century: An 80% tax rate on incomes above $500,000 is not meant to bring in money for education or benefits, but ‘to put an end to such incomes.’ As Megan McArdle noted a while back, the threshold for “earning too much” is just above what a [...]

Want To See My Actual Cash Flow Profit on My 10-Plex? (Oh, How Projections and Reality Differ…)

Do you remember that 10-unit on Symphony that I bought last February – I’ve written about it here? Well, I just filed my income tax paperwork and thought you’d be interested to know how things panned out with this building over the first...Show More Summary

Barry Presents PPL and the Arbitrary Foreign Income Tax Credit Today at Pepperdine

Jordan M. Barry (San Diego) presents PPL and the Arbitrary Foreign Income Tax Credit at Pepperdine today as part of its Tax Policy Colloquium Series hosted by Paul Caron: Last year, the Supreme Court decided PPL v. Commissioner, ruling that the United Kingdom’s windfall tax qualifies for a U.S. foreign...

The Case For Soaking The Rich

Yglesias makes it: Very high taxation of labor income would mean fewer huge compensation packages, not more revenue. Precisely as Laffer pointed out decades ago, imposing a 90 percent tax rate on something is not really a way to tax it at all — it’s a way to make sure it doesn’t happen. If you believe systematically […]

5 Tips For Maximizing Your Tax Income Deductions For NEXT Year

Another April 15th has come and gone. I bet many of you were busy in the last few weeks or so getting receipts together, reviewing the books, compiling spreadsheets, filling out forms and getting all the paperwork together to meet the income tax filing deadline. Show More Summary

How To Tax Multinationals Hiding Behind The Tree? Use The Mighty U.S. Consumer

Bill Parks, the 79-year-old founder of paddle-sports accessories maker NRS, Inc., explains his idea for reforming the U.S. corporate income tax.

Biggest Tax Cheaters of the Past Decade

With 30 percent of an average American's income going toward federal and state taxes, it's no wonder that some people cheat on their taxes. The $4.5 trillion that Americans will pay in 2014 in federal and state taxes is more than they...Show More Summary

The Case for Confiscatory Taxation: 90% Rate on Estates, Income Over $10 Million

Vox: Beyond the Laffer Curve — The Case for Confiscatory Taxation, by Matthew Yglesias: The Laffer Curve — the idea that tax cuts can sometimes increase tax revenue — is one of the most influential and widely debated ideas in the past two generations of American politics. Beloved by the...

$100,000 income: Three very different tax bills

New York (CNNMoney) - There are a lot of differences between Queens, Topeka and Seattle. One that stands out: People making the same money in each of those places can face very different tax bills. FULL STORY

Yes, Top Performing Businesses Pay More in Taxes

Do businesses pay their fair share of taxes? Should they pay more in taxes and are they paying considerably less than everyone else? Many consumers seem to believe they’re held more accountable for their income taxes than businesses, especially around tax time. Show More Summary

Supreme Court Justice Tells Students To ‘Revolt’ If Taxes Get Too High

Antonin Scalia spoke to student at the Tennessee College of Law telling them to “revolt” if taxes get too high. Scalia was answering a student’s question about the constitutionality of the income tax when he said that the government has the right to impose the tax, “but if it reaches a certain point, perhaps you […]

Mike's Blog Round Up

Frankly Curious: Those who pay no income tax aren't so "lucky". Fair and Unbalanced: Monsters seldom realize they're monsters, and often, neither do we. Sarah Jones: The readers at fringe-right sites aren't quite what they say, but they're what you'd expect. Earth-Bound Misfit: Remember real history, not worthless thugs. Blog round-up by Infidel753. Show More Summary

Some of VP Joe Biden's Social Security is taxed. Is yours?

Almost 40 million people age 65 or older currently collect Social Security benefits. Vice President Joe Biden is one of them. The 71-year-old veep also is among those who pay income tax on at least some of their federal retirement benefits. Show More Summary

The FoodNazi farm-animal-Police dishonoureth us, doth bully us and yea, seriously degradeth us (from and old and unremembered tongue-twister)

David Davis Here we see the Salt-Nazis regrouping for another attempt to either ration salt, or tax it, or both. As War Secretary of an incoming British Libertarian Minimal-Statist Classical-Liberal government’s first administration, I’m not especially worried about these people, … Continue reading ?

Justice Scalia Tells Law Students ‘Perhaps You Should Revolt’ If Taxes Become Too High

The remark was in response to a question about the constitutionality of a federal income tax. The post Justice Scalia Tells Law Students ‘Perhaps You Should Revolt’ If Taxes Become Too High appeared first on ThinkProgress.

The Food Police Disnourisheth Us (from and old and unremembered tongue-twister)

David Davis Here we see the Salt-Nazis regrouping for another attempt to either ration salt, or tax it, or both. As War Secretary of an incoming British Libertarian Minimal-Statist Classical-Liberal government’s first administration, I’m not especially worried about these people, … Continue reading ?

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