The Dodgers ended the Yankees’ 15-year streak as baseball’s biggest spenders and owe more than $26.6 million in luxury tax, according to calculations made by Major League Baseball and obtained by The Associated Press.
Citizens for Tax Justice: All Americans pay taxes. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. Everyone who owns or rents a home directly or indirectly pays property taxes. Show More Summary
No news on extenders yet. Double the pain: Idaho business manager steals payroll taxes, but IRS still wants them. An […]
The startup Zenefits provides software that helps companies handle benefits, payroll, and related taxes. It gives away its software for free, and gets a commission from benefits providers that customers pick through Zenefits software. Show More Summary
Zachary Goldfarb raises this possibility in a Wonkblog post today. Certainly there is evidence that many voters were unhappy about stagnating incomes, and the payroll tax increase associated with the end of the payroll tax holiday in...Show More Summary
Workers have been paying the full 6.2 percent Social Security payroll tax for almost two years now. You remember this so-called tax holiday in place in 2011 and 2012. During those years, the deduction from your pay that goes toward the federal retirement program was reduced by 2 percentage points to 4.2 percent. Show More Summary
Richard Winchester (Thomas Jefferson), Obama's Gift to the Rich: A Permanent Payroll Tax Holiday, 48 Val. U. L. Rev. 83 (2013): President Obama made a concerted effort to enact tax legislation that benefited middle and lower income individuals over the rich. The temporary payroll tax cut in effect during 2011...
The U.S. economy grew at a 4.6% annual rate in the second quarter, according to the latest report from the Commerce Department. But leaves are turning brown now and this morning's report describes what happened from April to June. How has the overall economy performed since then? Here's some evidence the strength has continued.
As Guy Benson reported earlier today, a new poll of likely voters conducted for Townhall by Gravis Marketing found that Rep. Bill Cassidy (R-LA)...
Payroll Taxes are Especially Sensitive Since Employers Are Withholding From Wages. Failing to Send it to the IRS Can Land You in Jail, Especially if You Do it Repeatedly.
The group, which has close ties to the Obama administration, estimated $21.2 billion in additional payroll taxes would be collected over five years under one scenario available to Obama, who has made immigration reform a priority of his second term. Show More Summary
Payroll Taxes are Pursued Aggressively by the IRS, with Personal Liability For Owners, Officers, and Check Signers. And Some Violations Mean Jail.
On Thursday evening the ACT Legislative Assembly passed the ACT Payroll Tax Reform Bill. This Bill prevents “genuine employers” from being exempt from payroll tax if they pick up contract work through a recruitment agency. Unfortunately, yet again, the ACT Government has done a poor job in formulating policy. This new policy has the following effect [...]
The Treasury Inspector General for Tax Administration today released Some Tax-Exempt Organizations Have Substantial Delinquent Payroll Taxes (2014-10-012): IRS records indicate that the majority of tax-exempt organizations pay their Federal taxes. However, a small percentage are not paying their taxes. More than 64,200 (3.8%) tax?exempt organizations had nearly $875 million...
Of course cemetery lots are shooting up in value. People are dying to get in! Taxpayers seek the Tax Fairy […]
Treasury Secretary Jacob Lew said Monday Congress should reallocate payroll tax revenue to divert more money to support the Social Security Disability Insurance fund. Here's what was behind Mr. Lew's statement.
The Earned Income Tax Credit is one of the federal government's most successful anti-poverty programs. As House Budget Committee Chairman...
By Markos Kaminis (Wall St. Greek): Facebook (NYSE: FB) blew out expectations in the second quarter, reporting non-GAAP EPS of $0.42 before share-based compensation and related payroll tax expense and income tax adjustment. The result compared against the analysts' consensus expectation for $0.32 a share. Show More Summary
The TransitChek program enables employees to pay train and bus fares with pretax earnings, potentially saving them hundreds of dollars annually on payroll and income taxes. Employers can save on... To view the full story, click the title link.
Looks as if that little kerfluffle in Germany isn’t the only embarrassment facing America’s top spy agency. Seems the agent has plenty of covert operators but a lousy payroll department: Now read this:Michigan Woman Accidentally Second Amendments Herself In The Face While Trying ‘To Make A Point’ (Jul 15, 2014) 12-Year-Old Shot In The Face [...]