Tag: Taxes


  • New York taxes for the wealthy

    Wealthy New Yorkers want their taxes to be raised

    A group of wealthy New Yorkers are pushing Governor Andrew Cuomo to increase their tax rates. On Monday the group of wealthy men and women sent a letter that urged the passage of the “1% Plan for New York Tax Fairness,” which would replace a millionaire’s tax rates which are set to expire at the end […]

  • Facebook and Britain Taxes

    Facebook is ditching its UK tax strategy following new ruling

    Facebook will stop booking sales to UK clients via its operations in Ireland. The practice is used by many tech companies in the region as they attempt to reduce tax bills. The British government recently introduced a new tax on profits that have been shifted offshore. In the future, Facebook will report its UK sales […]

  • Oil tax - President Obama

    Obama proposes massive $10 per barrel oil tax

    President Obama has proposed a $10-per-barrel oil fee that would be used for clean transportation investments. The new tax is very unlikely to get through the Republican-controlled Congress, but if passed, it would be paid for by foreign oil companies. The tax comes at a time when oil companies are already struggling to turn a profit, […]

  • Bernie Sanders Family Leave Tax

    Bernie Sanders: Yes, Family Leave Tax Would Affect All

    Democratic presidential candidate and Vermont Senator Bernie Sanders said Sunday that he endorses a small tax hike on all Americans to ensure universal access to paid family and medical leave. Speaking on ABC’s This Week with George Stephanopoulos, Sanders acknowledged that a Senate proposal to fund 12 weeks of leave through a new payroll tax […]

  • JPMorgan Chase CEO would pay more taxes without question

    JPMorgan Chase CEO Welcomes A Higher Tax Rate On The Rich

    Jamie Dimon, CEO of JPMorgan Chase, told NBC’s ‘Meet The Press’ that he would have no problem paying a higher tax rate. During his appearance, the billionaire, who earned $20 million last year, said, “If you said to me, ‘Would you pay 10% more?’ I would have no problem with that.” Currently, the maximum tax rate […]

  • Chicago Netflix

    Chicago’s Netflix Tax Isn’t The First – And Won’t Be The Last

    Last Wednesday, the city of Chicago began taxing cloud computing and streaming services like Netflix and Spotify. While technically an expansion of the city’s existing amusement tax, The Verge’s Russell Brandom brought wider attention to it, calling it “new” and “puzzling.” But the reality is a bit different, as Chicago follows other jurisdictions in an […]

  • 10 Income Tax Facts You Didn’t Know

    Image Source Yes it’s that dreaded time of year again, worse still if you’re a business owner or self employed. So why not at least pepper the mood with a few absurdities from the past, some interesting history lessons, and some facts about some of the ridiculous numbers surrounding taxes today. Check out our 10 […]

  • Apple: Playing It Smart or Evading Taxes?

    Apple’s skilled accounting team may have saved the company billions of dollars in taxes by hiding $44 billion of its enormous profits between 2009 and 2012, according to a new report by Senate investigators, following a probe backed by Sen. John McCain.