Taxes

Happy Birthday, Tax Cuts!

Is Trump's tax cut helping working people?(Image credit: Chip Somodevilla/Getty Images)

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Legislative Session To See Big Push For Paid Family Leave In Minnesota

During the last two sessions of the Minnesota Legislature, bills were introduced in the House and the Senate to provide up to 12 weeks of paid family and medical leave for all workers through a payroll deduction and employer tax. Neither bill...

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This Is How House Democrats Plan To Obtain ’15 To 20 Years’ Of Trump’s Tax Returns Next Year

Democrats are planning to conduct a thorough investigation of President Donald Trump’s finances when they take over the House of Representatives next year — and they have a plan in place to obtain decades’ worth of the...
Related topics: Donald Trump

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California’s Proposed Text Tax Is Dead

But new taxes for semi-automatic weapons and a tax increase on marijuana are likely to live.

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Bonne Année, Google, Facebook! France To Tax Tech Giants From 1 Jan

Nation becomes the latest to go it alone as EU talks stall France will start levying charges on tech giants from 1 January 2019, making it the latest nation to go it alone on a digital sales tax.…
Related topics: Google, Social Media, Facebook, France

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Sweden Faces Brain Drain, Entrepreneur Exodus - Researcher Warns

Sky-high taxes, pessimistic outlook, political insecurity and boundless immigration - these are the reasons that may spur many Swedish high earners and captains of industry into leaving for other countries, according to economist Tino Sanandaji, who...
Related topics: Sweden

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Bah Humbug: Congress Should Take Electric Cars Off Their Christmas List

Congress is finishing up its last scheduled week before the Christmas holiday sends staffers, lobbyists, and members (both naughty and nice) scurrying home. The smart money is counting on a brief government shutdown, as well as the tax writers...
Related topics: Christmas

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Most Americans Are Making This Huge Tax Mistake

President Donald Trump and the Republican-controlled Congress passed a major overhaul of the United States tax code in late 2017 that will impact what you owe for 2018. Whether it will benefit you or require you to pay more to the IRS will depend...
Related topics: Donald Trump, IRS

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Charitable Contributions And Your Taxes: What You Need To Know

While you're probably donating to charity this giving season out of the goodness of your heart, you can also reap tax rewards at the same time; this good deed does go unpunished!If you plan to write off some of your charitable contributions,...
Related topics: Charity

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California Regulators Say 'jk' To Proposed Texting Tax

State regulators in California have abandoned a plan to tax text messaging as a way to boost revenue, citing a recent ruling by the Federal Communications Commission that limited states' authority over regulating information services. What are the...

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Sweden, Canada Are Not Socialist Countries: Philosophy Prof Stephen Hicks Explains

Author and Professor of Philosophy, Stephen R. C. Hicks, sat down in the studio with Glenn Beck to discuss the principles and politics of both socialism and capitalism. Hicks also dispelled the myth that Sweden, Canada and other countries with...
Related topics: Sweden, Canada, Glenn Beck

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Jalopnik run For The Hills If You Encounter Any Of These Car-buying Red Flags | Two Cents these...

Jalopnik Run for the Hills If You Encounter Any of These Car-Buying Red Flags | Two Cents These Are the 2019 Tax Brackets | Gizmodo It’s 2018, and the iPhone Is Still Super Annoying | Kotaku  I Just Unlocked A 2016 Nintendo Game In The...

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4 Ways To Reduce Your Required Minimum Distributions

One of the perks of 401(k)s and traditional IRAs is tax deferral. Any amount you contribute today reduces your taxable income for this year and you won't have to pay any taxes on that amount until you withdraw the money. But you can't put this off...

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France To Push Ahead With Digital Tax Starting January 1

France will push ahead with its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said Monday, as the European Union struggles to finalise a new EU-wide levy.
Related topics: France

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Who Benefits From Lower Corporate Taxation?

Authored by Chris Hamilton via Econimica blog, Un-checked conventional wisdom is a dangerous thing.  Particularly, the notion that lower corporate taxation (now 21%, down from 35%, and an all-time high in excess of 50%) would lead to accelerated...

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Trumps Used Rent-control Laws To Skirt Taxes And Build An Empire

Just as regulation serves as a sort of a subsidy for bureaucracy, ensuring that experts are needed to meet out the rules appropriately, it also presents an opportunity for the regulated to bend the rules to their own...

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Fama's Fallacy: Hoisted From Ten Years Ago

I was profoundly embarrassed by and ashamed of the Swedish Nobel Committee and of being an economist when they awarded the Nobel Prize to Eugene Fama. You see, the economists who cheerled for the Trump-McConnell-Ryan tax cut and claimed it would...
Related topics: Nobel Prize

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Fairly Recently: Must- And Should-reads, And Writings... (december 12, 2018)

Fama's Fallacy: Hoisted from Ten Years Ago: The economists who cheerled for the Trump-McConnell-Ryan tax cut and claimed it would rapidly and permanently boost annual investment in America by 800 billion had arguments—bad arguments. The economists...

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France Will Impose New Gafa Tech Tax On Apple And Google Worth $570 Million Annually

France is set to impose a sweeping new law starting January 1 which is set to raise as much as 500 million euros in 2019 alone. The tax, dubbed GAFA for Google, Apple, Facebook and Amazon, is targeted towards high-profit internet tech giants who...
Related topics: France, Apple (AAPL), Google, Google (GOOG), Social Media, Facebook, Amazon, Amazon (AMZN)

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India May Tax Google, Facebook For Paid Services - Reports

NEW DELHI (Sputnik) - The Indian authorities are exploring the possibility of imposing taxes on Google and Facebook for their paid services, including advertisements sold to local clients, the Economic Times reported on Monday, citing a source in...
Related topics: India, Google, Google (GOOG), Social Media, Facebook, New Delhi

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