Tax Complexity Now Costs the U.S. Economy Over $546 Billion Annually

Tax Complexity Now Costs the U.S. Economy Over $546 Billion Annually

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. code imposes many costs on the US economy. The most direct costs, of … Read more

Voter Proposal Would Give Oregonians $750 Each

Voter Proposal Would Give Oregonians $750 Each

Joan McGuireIP 17 already has opponents including business groups and Gov. Kotek. Share this article!A proposal on the November ballot that would pay each Oregonian $750 per year has gained a few high-profile critics including a prominent business organization and the state’s Democratic governor.Initiative Petition 17 would significantly raise corporate taxes to fund a one-of-a-kind … Read more

Supreme Court Holds That 2017 Mandatory Repatriation Tax Does Not Violate The Sixteenth Amendment

Supreme Court Holds That 2017 Mandatory Repatriation Tax Does Not Violate The Sixteenth Amendment

June 20, 2024 Click for PDF Moore v. United States, No. 22-800 – Decided June 20, 2024 Today, in a case widely seen as a test of Congress’s ability to enact wealth taxes, the Supreme Court held narrowly that Congress did not violate the Sixteenth Amendment by requiring U.S. shareholders to pay a one-time tax on … Read more

Daines: “Stroke of Genius” by Trump to Eliminate Taxes on Tips – Senator Steve Daines

Daines: “Stroke of Genius” by Trump to Eliminate Taxes on Tips - Senator Steve Daines

Joins Fox Business to Announce Introduction of Bill to Stop Taxing Tips, Slam Biden’s Border Crisis U.S. Senator Steve Daines today joined Fox Business’ Mornings with Maria to discuss his bill to eliminate taxes on tips and President Biden’s border crisis. Watch the interview HERE. Daines on His Bill to Stop Taxing Tips: It’s a stroke of genius … Read more

Proposed Oregon ballot measure would raise corporate taxes and guarantee residents a basic income

Proposed Oregon ballot measure would raise corporate taxes and guarantee residents a basic income

The Oregon Capitol in Salem. (AP Photo/Jenny Kane, File) PORTLAND, Ore. – Oregon voters will likely decide in November whether to establish a historic universal basic income program that would give every state resident roughly $750 annually from increased corporate taxes.Proponents of the concept say they likely have enough signatures to place it on the ballot … Read more

Corporate Tax Breaks

Corporate Tax Breaks

Fact: A bipartisan group of lawmakers, including both liberal and conservative members, supported a bill that would change the rules allowing corporations wide discretion to choose who gets their online sales taxes, potentially funneling billion in tax kickbacks back to communities across the state.

California Senate preserves big corporate tax breaks that benefit some cities

California Senate preserves big corporate tax breaks that benefit some cities

Fact: Some of the most liberal and conservative members of the state Senate agreed that online sales taxes should go to the local government where the transaction took place, not to cities that could be hundreds of miles away.

Global campaign “All Eyes on Rafah” gains momentum

Global campaign “All Eyes on Rafah” gains momentum

The “All eyes on Rafah” campaign is gaining traction in Western Europe, Australia, and India, aiming to raise awareness about the conflict in Gaza, which has resulted in the deaths of at least 36,171 Palestinians. Israeli forces have intensified their assault on Rafah, prompting global attention and support for the residents seeking refuge from the violence. Social media, including platforms like TikTok and Instagram, has seen a massive outpouring of support with millions of users sharing the hashtag #AllEyesOnRafah. The campaign has coincided with international condemnation of Israel following airstrikes that resulted in civilian casualties. Israeli military operations in Rafah have continued despite the heightened scrutiny and criticism.

Spanish dental prosthetist turns home into Taylor Swift ‘sanctuary’ [PHOTOS]

Spanish dental prosthetist turns home into Taylor Swift ‘sanctuary’ [PHOTOS]

Roberto Santos, a 55-year-old superfan of Taylor Swift, has received numerous gifts from the pop icon’s team for his long-standing devotion. Santos’ apartment room is filled with items such as a platinum disk award, signed photos, recordings, and sneakers bearing both their names. Despite not meeting Swift in person yet, Santos feels grateful for the recognition and values she has transmitted through her art. The Swift-themed Eras Tour has also had a positive economic impact on local economies, with hotel occupancy rates in Madrid reaching 90% on concert dates.

California testing car tracking as possible gas tax replacement

California testing car tracking as possible gas tax replacement

States, like California, are exploring alternative ways to recoup lost gas tax revenue by piloting a “road charge” program that charges drivers based on the number of miles they drive rather than how much gas they purchase. The program is optional and participants can earn up to 0 in incentives for providing feedback on their experience. The state is considering this alternative revenue source due to the decrease in gas tax revenue collection and the shift towards electric vehicles. The program includes security protocols to protect personal information, and no action or changes are currently being proposed.