Tax Politics
The Politics of Taxes
Tax Bill Boomerang Effect
Americans for Tax Reform is keeping a running list of companies who have chosen to make "tax reform bonuses, raises, or 401(k) hikes" as a result of the tax law passed in December by Congress. The list is sorted both by state and alphabetically; you can read a...
More Sin Tax Stupidity
The latest example of sin tax stupidity comes from Seattle, Washington. The new tax on sugary drinks began on January 1, 2018, as a means to "discourage consumers from buying sugary drinks while raising revenue for nutrition and education programs." It's a tax of...
IRS Bulletin IR-2018-14: Tax Filing Season Opens
IRS Announces 2018 Tax Filing Season Opens with April 17 Deadline; 155 Million Tax Returns Projected, 70 Percent Expect Refunds IRS YouTube Videos: Claiming EITC or ACTC? Your Refund May Be Delayed-- English | Spanish WASHINGTON — Marking the beginning of the nation’s...
Cuomo Unhinged
In a continued tantrum against the “Tax Cuts and Jobs Act,” Governor Cuomo called the tax changes an “economic missile” as he unveiled his new budget proposal for the fiscal year. His solution? Raise more taxes mainly on businesses and restructure certain taxes so...
Amazon, Beware!
It is utterly laughable that Amazon has announced that the New York City metropolitan area is among the final potential locations for Amazon’s second headquarters. New York’s Governor Andrew Cuomo is consistently anti-business, with burdensome regulations that are...
Governor Cuomo: Clueless or Dangerous?
Governor Cuomo has come out blasting the new tax law, and in particular the substantial reduction in the deduction for State and Local Taxes (“SALT”), as unconstitutional and an “attack only on blue states.” But everybody who has any knowledge of taxation and its...