Income tax

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Arnold's Sales Tax Proposal

By Robert Cruickshank A few months late and several billion dollars short, Arnold has finally gotten around to making a serious revenue proposal - a 1 cent increase in the sales tax for a duration of three years. The SacBee reports this is expected to raise around $4 to $5 billion. Not one to offer a solution without strings, Arnold insists that this would only happen in exchange for "long-term budget fixes" such as a rainy-day fund. A rainy day fund is a good idea but that needs to come AFTER w...

Feed : California Progress Report | Updated : 3 months ago

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Obama's Tax Bomb (II)

The economic programs and rhetoric of both major party presidential candidates leave much to be desired, but Barack Obama's tax ideas are truly alarming. For a good summary of what the tax code would look like if a President Obama got his way, see this chart from Stanford economist Michael Boskin: As you can see, after-tax returns on ordinary income could plummet 32% under the Obama plan, while after-tax returns on capital gains could drop almost 27%. These are not "marginal" tax tweaks but enor...

Feed : The Progress & Freedom Foundation Blog | Updated : 3 months ago

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Philip Morris International Dropped from Alicia Keys Indonesia Tour

More exciting news this week! Yesterday Alicia Keys played a concert in Jakarta, Indonesia. Up until earlier this week Philip Morris International's "A Mild" brand had been sponsoring and heavily advertising the tour and the Jakarta show. The Campaign for Tobacco-Free Kids brought this to the attentions of Keys and her manager. Apparently she had no idea Philip Morris International was using her name and image to promote tobacco products, and she quickly spoke out against the sponsorship. She a...

Feed : Catalyst: hollyaprea s posts | Updated : 3 months ago

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Volkswagen's Clean Diesels Eligible for Federal Tax Credit

HERNDON, Va. -- Volkswagen of America, Inc. today announced that buyers of the Jetta TDI sedan and SportWagen are eligible for a $1,300 Federal Income Tax Credit. The Internal Revenue Service has issued a certification letter affirming that the vehicles qualify for the Advanced Lean Burn Technology Motor Vehicle income tax credit.

Feed : Car Buyer s Notebook | Updated : 3 months ago

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Schwarzenegger Gets Boxes of Petitions Against His Threat of Reducing State Worker Pay Below California?s Minimum Wage

By Kyle Samia Reporter California Progress Report Armed with a petition signed by 28,016 Californians opposed to the Governor’s Executive Order to reduce state employee wages to the federal minimum wage of $6.55, Richard D. Jacobs, along with Assemblyman Dave Jones (D-Sacramento), wanted to give the Governor some “light reading” yesterday before his bedtime. Jacobs represents The Courage Campaign, an independent political organization with over 100,000 online members that are committed to ...

Feed : California Progress Report | Updated : 3 months ago

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Mortgage Panama.us - An Easier Way to Finance Panama Real Estate

Mortgage Panama.us is a Florida-based company that helps residents from the United States and Canada obtain financing for the purchase of real estate in the Republic of Panama through a stateside bank. One of the greatest challenges to purchasing real estate in Panama is dealing with restrictive and bureaucratic local banking requirements. Once you've found the property you wish to purchase, sometimes getting a loan approved can take months and cost thousands of dollars in red tape, additional ...

Feed : Panama Guide | Updated : 3 months ago

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A New Safety Net for Low-Income Families

With funding from the Charles Stewart Mott and Annie E. Casey foundations, a team of Urban Institute researchers, including labor economists, health researchers, housing experts, and children’s policy analysts, has created a set of interconnected proposals designed “to make work pay in today’s economy.” According to a recent news release, these proposals, collected in “A New Safety Net for Low-Income Families," are “grounded in rigorous research and extensive knowledge about the liv...

Feed : PhilanthroMedia | Updated : 3 months ago

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Texas Lawyers and Brokers Take a Tax Hit!

Texas lawyers and real estate brokers have by now, along with other Texas business owners, filed their first return under the revised Texas Franchise Tax. It is described by the Texas Comptroller as a "privilege tax", paid for the privilege of doing business in Texas, but it is an income tax, nonetheless. One of the frustrating and, in my opinion, inequitable, aspects of the new tax is that companies that produce tangible goods are able to deduct the cost of making those goods, under the "cost o...

Feed : Texas Attorney Blog | Updated : 3 months ago

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Malcolm Hamilton's take on Tax Free Savings Accounts

This morning the third of four video interviews with retirement expert Malcolm Hamilton was published here. The first two aired earlier this summer. Hamilton is an actuary and worldwide partner with Mercer's. This particular segment looks at the Tax Free Savings Account (TFSA) that was announced in the last federal budget. Most of Canada’s financial services industry is working feverishly to get TFSAs ready for the new year. By all accounts, the TFSA could be the biggest boon to the industry s...

Feed : The Wealthy Boomer | Updated : 3 months ago

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Feds extend disaster area filing deadlines again; will Iowa follow suit?

The IRS this afternoon announced an additional extension of filing deadlines for taxpayers in the Iowa counties that are presidentially-declared disaster areas. Taxpayers in the 62 covered counties now have until August 29 to file returns and make income tax...

Feed : IowaBiz | Updated : 3 months ago

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