Articles Tagged with taxes

Kansas Raises Taxes On The Poor To Pay For Wealthy Tax Cuts

Kansas raises taxes on poor to pay for wealthy tax breaks

Kansas lawmakers ended their legislative session last week by raising taxes on the state’s poorest citizens so it could maintain a series of tax breaks for the wealthy. The poorest citizens of Kansas must now pay a larger percentage of their income to the government in the form of taxes than their wealthy counterparts. The… Read more »

California Introduces ‘Global Warming Tax’ On Fuel

California introduces new fee on gas to combat global warming.

California has stepped up its fight against global warming with a new tax on fuel. As global warming grows worse and threatens the planet, governments around the world are taking action to help end the global warming crisis leaving the United States trailing behind. But at least one state is not waiting on federal authorities… Read more »

Congress Passes The ABLE Act To Benefit Disabled Children

The ABLE Act helps parents plan for the futures of their children with disabilities.

In a huge show of bipartisan support, the ABLE Act passed congress with a 404-17 vote on Wednesday. The Achieving a Better Life Experience Act, known as the ABLE Act, is aimed at helping parents provide for the future of their children who have disabilities without worrying about penalties or other obstacles. The new bill… Read more »

IRS Veteran Details How The Agency Is Failing The American People

What's the IRS doing wrong? Former agent says he knows.

In a Reddit post that’s going viral, a former IRS agent is spilling his guts, answering anything, and describing why he thinks the IRS is broken — and what he’s telling the government to do about it. He’s summarized his letter in 16 points. The highlights are below. Mike Gregory says that the title of… Read more »

IRS Bonus: $1 Million Paid To 1,100 Employees Owing Back Taxes

IRS Bonus For The Worst Employees

“IRS Bonus” is probably the next phrase you’ll see to precursor the word “scandal,” following revelations that the tax collection agency paid out approximately $1 million in extras to a total of 1,100 employees, who owed back taxes from October 2010 through December 2012. J. Russell George, the Treasury inspector general for the tax administration,… Read more »

Matt Drudge Issues Weird Obamacare Tweet, Claims To Pay ‘Liberty Tax’

Matt Drudge

Matt Drudge, one of the internet’s first news “aggregators” who has become a leading spokesperson for conservative causes, is against the Affordable Care And Patient Protection Act, better known as Obamacare. That is not surprising. Most conservatives oppose the plan to make health care more accessible. But Drudge took his opposition to an odd new… Read more »

Puerto Rico: Economy Tanks, Are Rising Taxes To Blame?

Puerto Rico Faces Tough Economic Times

Puerto Rico is facing staggering challenges to its economy. Its credit rating was downgraded by Standard & Poor’s on Tuesday. Friday saw more bad news for the island territory’s economy, as Moody’s downgraded their debt to junk status, according to an AP report. All of this is despite significant efforts on the part of the… Read more »

France Approves ‘Symbolic’ 75 Percent Tax Rate On The Rich

France's top tax rate

France is looking to its richest citizens and companies to help solve its massive deficit problem. On Sunday, France’s highest court gave the thumbs-up to a new law pushed by the country’s President Francois Hollande that hits incomes topping one million euros, or about $1.37 million, with a 75 percent tax rate. The new tax… Read more »