The Latest News about taxation

Campus Reform editor-in-chief Lawrence Jones interviewed New Yorkers about Democratic Rep. Alexandria Ocasio-Cortez Wednesday and their answers were nothing but positive. The first few people Jones interviewed said they agreed with Ocasio-Cortez’s plan to impose a 70 percent tax on the rich, with one respondent wanting a 90 percent rate. One woman also said she fully supports Ocasio-Cortez’s efforts to abolish ICE. “I went ...

French President Emmanuel Macron’s approval rating dropped to its lowest level Thursday amid a growing sense that the former banker is losing touch with France’s working-class citizens. Macron’s approval rating slipped 4 percentage points in a month to 23 percent, according to an Elabe survey for Les Echos published Thursday. His approval rating is now lower than socialist predecessor Francois Hollande. “There’s a battle being ...

France is pushing the European Union to adopt a new tax on big tech companies, but, if unsuccessful, is willing to implement the tax itself, the Financial Times reports. “We will do it at a national level in 2019, we will tax the digital giants if European states do not take responsibility,” French finance minister Bruno Le Maire said according ...

France weathered its worst riots in more than a decade Saturday as “yellow jacket” protesters continue turning parts of Paris upside down over concerns related to high gas taxes and high cost of living. French riot police closed popular tourist areas and fired tear gas as they tried to quell the chaos in the streets. At least 110 people were ...

Is the U.S. tax system fair? Are the rich paying too little or too much? What about the middle and lower class? New York Times bestselling author Amity Shlaes answers these questions, and offers a tax solution that most Americans could get on board with.

If you've ever wondered what's killing the American dream? Here's your sign...

BY JP Cortez Imagine if you asked a grocery clerk to break a $5 bill, and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But try walking to a local precious metals dealer in more than 25 states and exchanging 20 Federal Reserve notes for an ounce ...

The kerfuffle several months ago about Burger King moving its headquarters to Canada in order to avoid the astronomical taxation rate in the U.S. illuminated the mental attitude of liberals.  Instead of understanding that businesses voluntarily established themselves in, or relocated to, the United States during the 20th century when taxes were low and prosperity was the norm, thereby correctly ...

The left tells us that there is no way to keep the economy going if federal spending is reduced – they are wrong. On a simplistic and illogical level sure, taking any money out of the economy might shrink it, but that is the same short-term thinking that has led to a non-recovery from the prior recession, lackluster employment and ...

In today’s completely stunning decision, the Supreme Court upheld the constitutionality of the Affordable Care Act’s individual mandate. Chief Justice Roberts joined the liberal justices, creating a 5-4 majority that declared the individual mandate  a ‘tax’ and therefore constitutional. Unbelievable though it may be, because of Chief Justice Roberts, the federal government can now essentially force you to do whatever ...

As the debt limit fight comes to a head, Democrat Senate Majority Leader Harry Reid seems confused – he is requiring tax increases in order to discuss tax cuts. The CBO reported to Congress that if they allow the Bush tax cuts to expire and implement the defense cuts resulting from the Reid’s failure to negotiate on spending, the economy ...

An ever growing government must by necessity grow in expanding its revenue (called taxing to the uninformed) and therefore can be very creative in methods for taxing and names for said taxes. Since the phrase “cut spending” is not found in any dictionary or book owned by politicians, the only recourse is to increase revenue. Government makes Robin Hood look ...

Members of Congress have recently been embroiled in a battle to stop what many have termed "Big Oil Company Subsidies." These government-sponsored subsidies come in many forms, such as corporate tax breaks and common expense tax write-offs for depletion allowances for equipment costs.

Just like a modern-day Don Quixote, President Barack Obama is traversing his presidency tilting his lance at imaginary foes – the successful, corporations, private property and liberty. Unfortunately, his efforts are much more dangerous than Quixote’s ineffective attacks on windmills. Don Quixote: Dost not see? A monstrous giant of infamous repute whom I intend to encounter. Sancho Panza: It’s a ...

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd. One of the things that put me off the FairTax at first was the ...