Category: Taxes
The analysis published under this category are as follows.Tuesday, December 19, 2017
Recoverable VAT: how it compares to part-recoverable and non-recoverable Value Added Tax / Personal_Finance / Taxes
Taxes are an integral part of the governments where we reside. They are compulsory contributions under certain conditions and classifications such as income, consumption or sales, among others. There are many tax laws that are unique only to certain countries, while there are also some countries with similar tax structures.
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Friday, December 08, 2017
Republicans Fake Tax Reform / Politics / Taxes
After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump faster than he can down a Filet o'Fish), will be far less than the Republicans envisioned when they finally captured the White House and both Congressional Chambers in 2016. But from what I have seen of the particulars, the revisions to the tax code will offer a marginal, although temporary, win for low income individuals, a major slap for moderately successful wage earners and home owners, (especially in the high tax Blue States) and a huge victory for the extremely wealthy and certain categories of business owners. While it is certain that the plan will add to the growing deficit, its immediate economic and political impact is hard to predict.
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Sunday, December 03, 2017
A Letter To The IRS: Go F Yourselves You Bunch Of Criminals / Politics / Taxes
Many people will tell you that the IRS and income tax in the US are unconstitutional.
That is totally true… but the CONstitution is also a scam to enslave people while telling them they are free… so who cares.
In any case, bitcoin and cryptocurrencies pose the biggest threat to central banks and governments in their entire, evil history.
“Taxes”, which is just another word for extortion, are not voluntary and the only way to “collect” them is to use violence or threats of violence.
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Tuesday, May 16, 2017
Tax Reform and the ‘Repatriation’ Trade / Politics / Taxes
Since the Trump victory we have heard all about the coming fiscal policies that would replace the non-stop and brilliantly evil* monetary policies employed by the Fed since the 2008 market crash. These fiscal policies range from the hair-brained (rust belt factory job repatriation) to the silly (building a border wall in lieu of modernizing security-focused information and surveillance technologies) to the arduous (fixing the Healthcare system) to the sound (well-targeted tax cuts). We’ll get tax cuts, but how well targeted they’ll turn out to be will be debated endlessly and I for one don’t think the trend of the rich getting hyper richer and the poor getting poorer is going to reverse any time soon. For reference, see this post at Biiwii.
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Saturday, May 13, 2017
The US And Turkey Debate Approach To Islamic State / Politics / Taxes
BY GEORGE FRIEDMAN AND JACOB L. SHAPRIO : Two things happened in Syria recently that went under the radar.
First, US-backed Syrian Democratic Forces (SDF) claimed to have ousted Islamic State (IS) fighters from the last IS-controlled districts in Tabqa. This is a town 25 miles west of the IS’s de facto capital, Raqqa. According to the Syrian Kurdish Hawar News Agency, IS fighters are now besieged at the Tabqa Dam outside the town.
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Saturday, May 13, 2017
Trump Deficit Spending Will Stop Tax Reform / Politics / Taxes
BY PATRICK WATSON : Many people still assume a big tax cut is coming. I think we won’t get any tax cut at all—but if we do, it will cause another problem.
In other words, we’re going to lose either way.
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Friday, May 05, 2017
Why the Trump Tax Plan May Implode in America Rather than Explode in China / Politics / Taxes
Recently, President Trump released a US tax cut plan to reshore US corporate revenues. Some expect it to cause great challenges to manufacturing and capital outflows from China. The realities are more complex.At the eve of the White House’s 100-day mark in office, the Trump administration released an outline of tax reductions for American companies and households. There is great demand for change. US tax individual income tax system is broken, and while US corporate tax rates are high internationally, US companies have parked more than $1 trillion worth of cash abroad.
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Saturday, April 29, 2017
Damn the Deficits, Huge Trump Tax Cuts Ahead! / Politics / Taxes
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn't like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.
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Wednesday, April 26, 2017
10 Facts That Show Our Taxes Are Worse Than You Thought / Personal_Finance / Taxes
The article I’m highlighting this week will make half of the readers indignant and the other half feel righteously vindicated in their thinking. I have no idea which half you are in. What is so controversial? Who pays taxes and why they should.
The piece was written by Mark J. Perry, whose bio tells us that he’s a scholar at the American Enterprise Institute and a professor of economics and finance at the University of Michigan. So yes, he is a conservative.
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Friday, April 14, 2017
The Thieving IRA Going Beyond Extortion to Outright Theft / Politics / Taxes
People need to realize what government is. It isn’t there to protect you. All government really is is a criminal enterprise that is the most successful one in each geographical jurisdiction.
The only difference between the mafia and government is size. And the IRS is just the largest protection racket in the US.
If you pay the IRS its “protection money,” which they call taxes, they won’t kidnap you and put you into a rape camp. That’s the “protection.”
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Thursday, March 23, 2017
Why The US Should Introduce VAT And Carbon Taxes Instead / Politics / Taxes
BY JOHN MAULDIN : Economists of pretty much every stripe will agree that a consumption tax has fewer negative effects than an income tax does. That’s because incentives matter.
If you want more of something, then tax it less; if you want less of something, tax it more. It’s about that simple.
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Thursday, March 23, 2017
Cutting US Income Taxes Will Blow Out The Budget / Politics / Taxes
BY JOHN MAULDIN : The cost of health care runs well over $1.1 trillion. Social Security is almost $1 trillion. Defense spending is $620 billion.
Entitlement programs for our nation’s seniors and low-income individuals and families run $550 billion. (That includes food stamps, disability, affordable housing, earned-income tax credits, childcare tax credits, and so on.)
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Monday, February 20, 2017
Trump’s Tax System Could Spark The Wave Of Self-Employment / Politics / Taxes
Government is necessary.
That means we have to pay for the things government does. Hence, we have taxes.
The goal of tax policy should be simple: raise the required revenue to pay for whatever government actually—minimally—needs to do. And government should do those things as fairly and neutrally as possible.
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Tuesday, February 14, 2017
Proposed Tax Reforms Face Enormous Headwinds / Politics / Taxes
Dr. Lacy Hunt and Van Hoisington of Hoisington Investment Management produce a must-read quarterly letter I’ve featured multiple times in my weekly newsletter, Outside the Box (subscribe here for free).
This piece on tax reform is one of the most important pieces they’ve written in a long time.
Lacy and Van establish that proposed tax reforms will face enormous headwinds that were not there during previous tax-reform eras. This means that the benefits that Republicans think will accrue are likely to take longer to appear… and be less than expected. And that means it will take more than what is proposed right now to jump-start the economy.
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Saturday, January 14, 2017
Why the State Needs to Increase Taxes / Politics / Taxes
Pennsylvanians are justifiably angry at paying the highest gas prices in the nation. The average price per gallon is $2.65, 27 cents higher than the highest price in the other 49 states. An additional eight cent tax was added this month. Until 2019, Pennsylvanians will be paying an additional $2.3 billion a year in taxes and fees—$11.5 billion total—to improve the state’s infrastructure. In addition to the increased tax on gas at the pumps, Pennsylvania motorists will also be spending more for license registrations, renewals, and title certificates.
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Monday, October 24, 2016
The US Is NOT a Low-Tax Jurisdiction / Politics / Taxes
BY JARED DILLIAN : Trump has been running his mouth about how the US is one of the highest-taxed countries in the world. This really makes the journalists upset. They say that it’s false. Every time he says this, they have a conniption.
How can it be true? How can we have higher taxes than Sweden—where taxes are so high that everything is free, there are ponies everywhere, and everyone is happy?
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Thursday, September 15, 2016
Apple Tax Grab by EU Invades IRS Airspace / Politics / Taxes
On August 30th, the European Union (EU) Commission ordered the Irish government to reclaim some $14.6 billion of so-called back taxes plus interest from Apple Inc. The order challenged sovereign tax authority within the EU and well-established international tax rules. The aggressive stance of the Commission set off a furor of high level political argument among taxing authorities and multinational companies accustomed to complex but legal international tax planning. Apple's case was big enough to place it at center stage in a simmering problem for governments in striking a balance between attracting businesses, creating jobs, generating taxes and deciding precisely what type of earnings can be taxed.
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Tuesday, June 21, 2016
Offshore Shakedown: FATCA, The Panama Papers and Why You Need a Self-Directed IRA / Politics / Taxes
I recently sat down for an interview with TDV Offshore‘s Managing Director Paul Seymour to discuss the worsening worldwide situation for financial privacy and economic survival. Topics included the Panama Papers, precious metals, self-directed IRAs, 401Ks, The Foreign Account Tax Compliance Act (FATCA) , offshore bank accounts, offshore corporations and Paul’s belief that a financial catastrophe may loom as soon as October 2016.
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Friday, June 03, 2016
Happy Tax Freedom Day! Video / Personal_Finance / Taxes
happy tax freedom day to all my viewers in the UK it's Friday jun 3rd 2016 and
yeah what is tax freedom day
well according to the adam smith institute they calculate tax freedom day
and basically it's the day tax rate and a is a measure of when Britain's stop
paying tax and putting their earnings into their own pocket
so into 2016 according to the adam smith institute every penny the average person
earned for working up to and including jun 2nd went to the tax men
jun 3rd from june third onwards
they're paying themselves so what this means is that is that this year the
Chancellor of the Exchequer George Osborn gobbled up the first hundred
fifty four days of our earnings from every source so
Wednesday, April 27, 2016
This is the Era of the Democrats and Your Taxes are Going Up / ElectionOracle / Taxes
If Hillary Clinton and Donald Trump clinch their party’s nominations, Americans will have to pick between the two most hated candidates for the presidency in history.
Hillary has an unfavorable rating of 56%. Not much better than Trump at 64%.