Democrats want to pay for their ambitious $3.5 trillion spending plan, which would remake America’s safety net, by raising taxes on wealthy people and corporations. See details here. Meanwhile, tax changes sought by House Democrats “would cut annual tax bills for Americans earning less t[...]
Posts Tagged ‘taxes’
April 25th, 2021 - 2:00 pm § in Politics
Is Washington state tax reform finally coming?
Washington’s legislature is fixing to impose a capital gains tax on the “wealthy” to fund early childhood education and childcare programs. The bill has passed both houses, and the governor says he’ll sign it, but differing versions first have to be reconciled. (Read story he[...]
Why a wealth tax may be a bad idea
“A slew of Democrats on Capitol Hill” including Sens. Elizabeth Warren and Bernie Sanders have “proposed a 3% total annual tax on wealth exceeding $1 billion” and 2% on $50 million to $1 billion, The Hill reported on Monday, March 1, 2021. Read story here. The aim of the[...]
Unemployment recipients could face hefty tax bills, but help may be on the way
Millions of Americans survived on unemployment benefits last year. Now they owe taxes they can’t pay on those benefits. That’s because taxes weren’t withheld from the benefits. Why are unemployment benefits taxed in the first place? Because the father of “trickle down” economics co[...]
If your boss stops FICA withholding, you’ll still owe those taxes.
Yes, it’s complicated. It’s not what it seems. This article contains news with anti-Trump commentary. Companies can stop withholding FICA taxes for most workers on September 1, 2020, but don’t have to, and if they do, workers must pay those taxes by April 30, 2021, the IRS says. Re[...]
April 15th, 2019 - 1:07 am § in The Ave Scene
WA State ranks in the dismal 13 for worst taxes
Life magazine has rated WA state as among the 13th worst for tax burden. This puts the Evergreen States in a basket with Kansas, New York, Massachusetts and Texas. We come just one notch WORSE then Mississippi! Alaska, Delaware, Montana, Wyoming, and Nevada are the best five states in the U.S. w[...]
October 30th, 2018 - 9:18 am § in Misc.
I WILL VOTE YES ON I-1634
The measure, called the “Keep Groceries Affordable Act of 2018,” is being attacked from the left because, shock shock, the sweet beverage industry is spending millions to attack Seattle’s soda tax. Despite my core dislike of corpulent corporations, I am voting with the companies! The[...]
December 29th, 2017 - 3:33 pm § in Politics
Sen. Rubio slams tax law after voting for it
Sen. Marco Rubio, a rising GOP star with presidential ambitions, is now criticizing the tax bill he voted for last week. “The Florida Republican told the News-Press of Fort Myers that corporations will largely use their major tax cut to buy back shares or increase dividends to shareholders —[...]
December 28th, 2017 - 7:55 am § in Donald Trump
Republicans think you’re stupid.
“Trump, Republican lawmakers and their allies* are betting … ordinary Americans will have no objection if corporations and the wealthy receive the bulk of the tax-cut gains so long as middle class households … also receive some benefits.” (Click here for source.) Polls say t[...]
December 24th, 2017 - 8:56 pm § in Donald Trump, Politics
Why the GOP tax bill isn’t the victory they say it is.
Although President Trump and Congressional Republicans are hailing their tax bill as a great legislative victory, they failed to achieve many of their objectives and suffered significant defeats. Among them: * They failed to eliminate the estate tax. * They failed to eliminate the alternative minimu[...]