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Tag: Taxes


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Should Companies Have to Pay Taxes?

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork.

Posted on Aug 29, 2014 READ MORE



The Increasing Irrelevance of Corporate Nationality

“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday.

Posted on Jul 29, 2014 READ MORE


Kristen Bell Sings Revamp of Mary Poppins Tune With Minimum Wage Message

The hit “Funny or Die” video casts Kristen Bell as a fed-up Mary Poppins, quitting her “choice” nanny position in protest of earning a minimum wage that has her living below the poverty line. But the timeless Disney character has a good idea about what will make her stay.

Posted on Jul 26, 2014 READ MORE



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Kansas Experiment Blows Up Laboratory of Democracy

When Louis Brandeis wrote in 1932 that a “single courageous state may, if its citizens choose, serve as a laboratory,” he surely wasn’t imagining anything quite like Brownbackistan.

Posted on Jul 25, 2014 READ MORE



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Just One Hedge Fund Dodged $6 Billion in Taxes, Senate Committee Finds

Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund of Renaissance Technologies LLC found a clever way of cheating the IRS.

Posted on Jul 21, 2014 READ MORE



How the Pentagon Is Flushing Our Money Down the Toilet

The Pentagon is wasting taxpayer dollars on unnecessarily overpriced items like one $600 toilet seat; meanwhile, Virginia cops want to photograph a teenage boy’s erect genitalia as part of their investigation; meanwhile, some thinkers hold that Facebook may be good for science. These discoveries and more after the jump.

Posted on Jul 10, 2014 READ MORE


IRS

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Posted on Jun 22, 2014 READ MORE



Student Debt: Blame Lawmakers, Tax-Shirking Rich, War on Drugs, Not Universities

Why is tuition so high in state universities that The New York Times is wondering whether families will go on being able to afford it?

Posted on Jun 10, 2014 READ MORE



Truthout.org (CC BY-NC-SA 2.0)

IRS Delays New Rules for Dark Money Groups

The agency has pushed back indefinitely a hearing on new regulations for social welfare nonprofits that spend money on politics.

Posted on May 24, 2014 READ MORE


The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 READ MORE


The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 READ MORE



Credit Suisse Pleads Guilty on U.S. Felony Charge, Gets $2.6 Billion Fine

Credit Suisse pleaded guilty and was fined $2.6 billion for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on U.S. criminal charges.

Posted on May 20, 2014 READ MORE



Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



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Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE


Divided Government

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Posted on Apr 15, 2014 READ MORE



TurboTax Maker Linked to ‘Grass-Roots’ Campaign Against Free, Simple Tax Filing

Intuit and its allies are continuing to work against proposals for what’s known as return-free filing.

Posted on Apr 14, 2014 READ MORE


Tree for the Forest

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Posted on Apr 13, 2014 READ MORE


Parenting

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Posted on Apr 12, 2014 READ MORE



What Newly Released Docs Tell Us About the IRS and How It Handles Dark Money Groups

Here are five takeaways ProPublica found from the documents released Wednesday by a House committee.

Posted on Apr 10, 2014 READ MORE



Andra MIhali (CC BY-SA 2.0)

As Parents Struggle to Repay College Loans for Their Children, Taxpayers Also Stand to Lose

New Department of Education data show rising default rates on federal loans to parents.

Posted on Apr 8, 2014 READ MORE



The Miscalculations of Vladimir Putin

The Kremlin imagined a very different narrative about Russia playing out this winter; Pierre Omidyar and Glenn Greenwald aim to reinvent journalism; meanwhile, Americans no longer want their taxes to go to paying for public higher education. These discoveries and more after the jump.

Posted on Mar 4, 2014 READ MORE


Issa and the IRS

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Posted on Mar 3, 2014 READ MORE



Is It Constitutional to Charge $175 for a Parking Ticket?

Two Los Angeles natives are fighting the city’s outrageous parking tickets and associated fines on the grounds that they violate due process and are “grossly disproportionate to the failure to put a dollar or two in the meter.”

Posted on Feb 26, 2014 READ MORE



Pincasso / Shutterstock.com

Swiss Bank Blames Employees for Tax Evasion Scheme

A U.S. Senate subcommittee found that Credit Suisse helped American clients conceal as much as $12 billion from the IRS, but the bank’s CEO, Brady Dougan, said the blame lies with a few employees acting on their own.

Posted on Feb 26, 2014 READ MORE



AP Photo/Gregory Bull

John Elway Is an Anti-Subsidy Hypocrite

Not to beat up on the Denver Broncos after Sunday’s rout in New York, but one of the team’s heroes and top executives really needs to check himself.

Posted on Feb 3, 2014 READ MORE



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Universal Pre-K? Ask These Red State Republicans—and Then Ask Grover Norquist

Among the biggest policy mistakes of the past 50 years is our continuing failure to provide quality early childhood education to all of America’s kids.

Posted on Jan 31, 2014 READ MORE



Bill Gates Doesn’t Want Minimum Wage Raised

Bill Gates and other members of the 1 percent worry about having to pay more taxes to increase wages; the United States turned its back on the Arab Spring; meanwhile, an Oklahoma legislator wants to forbid all marriages so gays won’t wed either. These discoveries and more after the jump.

Posted on Jan 28, 2014 READ MORE



401(K) 2013 (CC BY-SA 2.0)

Let’s Face It, Believing Rich People Create Sustainable Jobs Is Delusional

Henry Blodget, CEO of news website Business Insider, clears up the widespread myth that entrepreneurs such as himself are responsible for creating jobs for the rest of America. The often-told lie is simply a way to justify the immense inequality symptomatic of our dire economic climate.

Posted on Nov 30, 2013 READ MORE



Victoria Reay (CC BY 2.0)

U.S. Taxpayers Foot Bill for Climate Inaction

American taxpayers are paying the cost of damage caused by climate change in the U.S., researchers say—more than $300 for every citizen.

Posted on Nov 28, 2013 READ MORE


Flood Insurance

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Posted on Nov 2, 2013 READ MORE


Hammock

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Posted on Nov 1, 2013 READ MORE


Rich Vs. Poor

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Posted on Nov 1, 2013 READ MORE


Casino Gambling Tax Revenue Addiction

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Posted on Oct 30, 2013 READ MORE


The Tax Migration Myth

It is not news that New York’s political and media elites worship the extremely rich.

Posted on Oct 24, 2013 READ MORE


Now Is a Time for Growth

It’s fine to talk—eventually—about chronic deficits and mounting debt. But now that our government is up and running again, the nation’s first priority should be economic growth.

Posted on Oct 21, 2013 READ MORE



Risastla (CC-BY-SA)

New Record: Richest Americans Took Half of All Income in 2012

A new study has concluded that the wealthiest 10 percent of Americans have never in the last century taken a larger slice of the income pie.

Posted on Sep 11, 2013 READ MORE



Legacy Students Going to Ivy League on the Public’s Dime

Alumni donations, which in many top tier institutions are a means to buy admission for less deserving students, are considered tax deductible, charitable gifts; working-class Americans can no longer afford marriage; meanwhile, the NSA can access pretty much any smartphone. These discoveries and more after the jump.

Posted on Sep 10, 2013 READ MORE



The hills are alive (Away) (CC BY 2.0)

Poor Losing Homes Over Small Tax Liens to Private ‘Investors’

Low-income D.C. residents—many of them retirees—have been losing their homes under a program in which tax rights are sold to private investors who add mind-boggling fees and then foreclose when they aren’t paid. And it’s all legal.

Posted on Sep 8, 2013 READ MORE


Economy

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Posted on Sep 7, 2013 READ MORE



Jamie McCaffrey (CC-BY)

Do Any Corporations Anywhere Pay Taxes?

U.S.-based corporations such as Apple and GE have come under fire for (legally) cheating the tax man, and such behavior turns out to be common beyond American borders.

Posted on Sep 1, 2013 READ MORE



OregonDOT (CC BY 2.0)

Want Military Action? Look No Further Than Your Local Police

Increased militarization of domestic police departments has contributed to grotesque violations of Americans’ civil liberties, not to mention costing untold millions in tax dollars.

Posted on Aug 29, 2013 READ MORE



Flickr/401(K) 2013

The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they’re lies. You need to know why so you can spread the truth.

Posted on Aug 5, 2013 READ MORE


Corporate Tax Rate Cut

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Posted on Aug 4, 2013 READ MORE



Flickr/401(K) 2013

Why We Should Stop Subsidizing Sky-High CEO Pay

Almost everyone knows CEO pay is out of control. It surged 16 percent at big companies last year, and the typical CEO raked in $15.1 million, according to The New York Times. What’s less well known is that you and I and other taxpayers are subsidizing this sky-high executive compensation.

Posted on Jul 18, 2013 READ MORE


Tax Reform

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Posted on Jun 8, 2013 READ MORE


Apple and Taxes

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Posted on Jun 7, 2013 READ MORE



Shutterstock photo of a road to nowhere.

ALEC Puts Utah on Top of ‘Rich States’ List

A new report from the corporate lobby would be laughable if it wasn’t being taken seriously by media outlets.

Posted on Jun 6, 2013 READ MORE


Apple iTax Wows Congress

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Posted on Jun 2, 2013 READ MORE



The Soldier Who Never Sleeps

Scientists are trying to construct military members who can fight without fatigue and thus be more efficient killing machines; a lot of Chinese students who hope to pursue higher education in the U.S. don’t speak enough English to do so; meanwhile, an organization named VIDA was formed to create awareness about gender bias in the literary world and it’s succeeding in making some publishers and reviewers uncomfortable. These discoveries and more after the jump.

Posted on May 31, 2013 READ MORE


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