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Taxes

Controlling Federal Income Tax Withholding

March 14, 2016 Staff, www.nwtrcc.org ,
By Staff of National War Tax Resistance Coordinating Committee - This publication is one of a series of “practicals” that offer ideas, tips, and information for individuals who want to cut off their financial support for the U.S. war machine or are currently practicing war tax resistance. The full list of the “Practical Series” appears at the end of the text along with other relevant resources. Many people feel they should resist militarism by resisting the payment of federal income taxes. Yet they believe they are unable to engage in war tax resistance because taxes are withheld from their salary or wages. This obstacle can be overcome by nearly everyone.

5 Reasons The Top Tax Rate Should Be 80 Percent

February 17, 2016 Paul Buchheit, www.commondreams.org ,
By Paul Buchheit for Common Dreams - It came up in the Republican debate again, the curious notion that striving for less inequality is somehow a form of "class warfare." The implication is that the richest people earned everything they have through their own initiative and hard work. But most of them have exploited an American financial system that has facilitated the transfer of our national wealth to the people who manage that wealth. Informed Americans understand that an economic war has been waged against the middle and lower classes. As a result, there are at least five good reasons why the tax rate on the upper classes should be MUCH higher.

Corporate Tax Avoidance Could Get Worse Under Trade Agreements

February 16, 2016 Staff, www.globaljustice.org.uk , , ,
By Staff of Global Justice Now - Corporations are regularly using secretive corporate courts to undermine the ability of countries to pass effective tax legislation, according to a new report,Taxes on trial: How trade deals threaten tax justice. The report warns that if the free trade deal being proposed between the EU and the USA were to come into force, it would massively increase the ability of corporations to sue member states of the EU over measures such as windfall taxes on exceptional profits, or use of taxation as a policy instrument such as a possible ‘sugar tax’.

Traffic Enforcement Is Not About Safety

January 12, 2016 Lorelei Mcfly, www.copblock.org , ,
By Lorelei Mcfly for Cop Block - In his article, “How Waze Makes Roads Safer than the Police” Jeffrey Tucker explains how the Waze mobile app helps create a safer driving experience for everyone by alerting drivers to pot holes, accidents, and traffic jams, and also fostering a sense of community amongst motorists: Waze has subtly changed my outlook on driving. Other drivers become your benefactors because it is they who are reporting on traffic accidents, cars on the side the road, blocked streets, and the presence of police. They are all doing you favors. If you report, others thank you for doing so. You even see icons of evidence that your friends are driving, too.

Illumination Project Asks Where The Money Went

September 20, 2015 Tom Tresser, www.tifreports.com , , ,
By Tom Tresser for TIF Illumination Project. Chicago, IL - What a night at Malcolm X College. About 300 people showed up for the first 2016 Budget Town Hall presided over by Mayor Emanuel and attended by all his department heads on September 1. Dozens of folks got one minute to ask a question or make a statement. The room was filled with supporters of the Dyett High School hunger strikers. People young and old expressed their anger and aspirations, stepping up to the mike and demanding that the mayor first meet with the hunger strikers and accept the community-development proposal to transform Dyett into a global leadership and green technology academy.

Turning Pennies Into Billion$: The Tiny Tax Wall Street Fears

September 19, 2015 Matt Stannard, www.occupy.com , , ,
By Matt Stannard in Occupy - A financial transaction tax (FTT) is a tiny charge placed on financial (rather than consumer) transactions. It can range from a dime to fifty cents per $1,000 exchanged. Many countries have particular transaction taxes – Peru for foreign wire transfers, Finland for Finnish securities and derivatives, France for stock purchases of publicly traded French companies with a market value over €1 billion. Brazil used to have a financial transaction tax, then it didn’t, and now it wants one again. Supporters of an FTT in the U.S. have been pushing the plan for years, though it’s not as alluring, loud or radical-sounding as public banks or worker-owned cooperatives. Experts on the tax tell me that global cooperation will make it work even better (money travels easily) and that we can start it anywhere – particularly in cities where financial trading is concentrated, like New York and Chicago.

Many Confused By Tax Filing Requirements Could Lose ACA Tax Credits

August 11, 2015 Ricardo Alonso-Zaldivar, www.AP.com , ,
By Ricardo Alonso-Zaldivar in PNHP - About 1.8 million households that got financial help for health insurance under President Barack Obama's law now have issues with their tax returns that could jeopardize their subsidies next year. Consumers who got health care tax credits are required to file tax returns that properly account for them, even if they are unaccustomed to filing because their incomes are low. Unless they follow through, "they will not be able to receive tax credits to help lower the cost of their health insurance for 2016," Lodes explained (Lori Lodes, communications director for the Centers for Medicare and Medicaid Services). The 1.8 million households with tax issues represent 40 percent of 4.5 million households that had tax credits provided on their behalf and must account for them. "What the IRS is doing here is sending these people a not-so-gentle reminder that they need to file or they will put their subsidy at risk," said Mark Ciaramitaro, vice president for tax and health care at H&R Block, the tax preparation company. He cautioned that many consumers will find the process cumbersome, so they should waste no time getting started.

A Moment That Changed Me – The Day I Discovered Protest

July 17, 2015 Ellie Mae O'Hagan, www.theguardian.com , , , ,
By Ellie Mae O'Hagan in The Guardian - It was an email. It read: “No, but you could always organise something.” It arrived in my inbox on a Wednesday afternoon in October 2010. At the time I was working in a poorly paid job in Liverpool, unsure of what I wanted to do with my life, bored out of my mind and fidgety about the recently elected coalition government, which was teetering on the edge of enacting “swingeing” cuts to the public sector. At some point that day – 11am, I think – I was idly scrolling through Twitter (some things don’t change) and I noticed something stirring. A group of activists hadoccupied Vodafone’s flagship store in protest against the company’s alleged tax avoidance. .They shut Vodafone down. It was amazing: new, young, immediate, exciting – and totally different from the A-to-B marches I’d taken part in beforethe UK invaded Iraq in 2003.

Newsletter – We Demand Accountability

April 18, 2015 Margaret Flowers and Kevin Zeese, www.PopularResistance.org , , , , , , , , , , , , ,
On Tax Day, April 15, 61 year old Doug Hughes, a mailman from Florida, landed a gyrocopter on the Capitol lawn to deliver 535 letters to members of Congress in order “to spotlight corruption of Congress and to present a solution to legalized bribery.” Hughes told the Tampa Bay News that "I'd rather die in the flight than live to be 80 years old and see this country fall." He has been released on bond with home detention and returns to court on May 8th to face charges of operating an unregistered aircraft and violating restricted airspace, facing a total of four years incarceration. On Saturday, April 11, 22 year old Leo Thornton shot and killed himself in front of the Capitol. He had a sign taped to his hand that read, “Tax the 1%.” The media ignored him, some called him an extremist and did not report his "radical" message of fair taxes. Protests by individuals and groups become impactful when they ignite others to join, to mobilize in support of the call. We urge you to support protests by participating, spreading the word and mobilizing in whatever way you can.

‘Dear IRS’ We Refuse To Pay For War And Weapons

April 12, 2015 Ruth Benn, www.nwtrcc.org ,
As April 15, tax day, approaches, thousands of individuals — like David and Jan Hartsough, Elizabeth Boardman, and Ari Rosenberg quoted above — sit down and write letters to the IRS, Congresspeople, the President, newspapers, blogs, and friends and family explaining why they protest war with their taxes. On April 15 in communities across the United States, those same people will be joining others in vigils, pickets, rallies, and forums to call attention to what they see as the harmful effects of military spending. People in the U.S. who are working to change federal budget priorities away from military spending and to human and environmental needs join others around the world on the Global Day of Action on Military Spending.

The Tax Trap Of Student Debt Cancellation

April 11, 2015 Ira B Dember, www.occupy.com , ,
There’s just one catch. Under current federal tax rules, when student debts are cancelled, millions of families will get blindsided by a staggering tax bill. It will force many folks into sudden, unexpected financial ruin. Many people will lose their homes or be forced to sell. Many will go bankrupt. And many will trade student-debt collectors for even more powerful IRS debt collectors. Without a change in tax rules, it could be “out of the frying pan, into the fire” for cash-strapped families. The problem: Uncle Sam treats forgiven debt as income. Under normal circumstances, this policy helps prevent tax fraud. Imagine, if any forgiven debt were tax-free, your employer could “loan” you your salary.

The Debate Over Public Internet Broadband Is Heating Up

March 12, 2015 David Morris, www.alternet.org , , , ,
On February 28th the Federal Communications Commission issued two decisions. One concerned net neutrality, the other municipal broadband. The first garnered by far the most attention, as it should. Net neutrality affects everyone and establishes a fundamental new principle for Internet access. But as another presidential campaign looms the FCC decision on municipally owned broadband may offer more fertile ground for a vigorous political debate on the role of government and the scale of governance. The decision arose from a petition to the FCC by Chattanooga, Tennessee and Wilson, North Carolina asking it to overturn state laws that prevent them from extending their highly successful publicly owned networks to surrounding communities eager to connect.

HSBC Files: Swiss Bank Helped Clients Dodge Taxes, Hide Millions

February 9, 2015 David Leigh, James Ball, Juliette Garside and David Pegg, www.theguardian.com , ,
The Guardian’s evidence of a pattern of misconduct at HSBC in Switzerland is supported by the outcome of recent court cases in the US and Europe. The bank was named in the US as a co-conspirator for handing over “bricks” of $100,000 a time to American surgeon Andrew Silva in Geneva, so that he could illegally post cash back to the US. Another US client, Sanjay Sethi, pleaded guilty in 2013 to cheating the US tax authorities. He was one of a group of convicted HSBC clients. The prosecution said an HSBC banker promised “the undeclared account would allow [his] assets to grow tax-free, and bank secrecy laws in Switzerland would allow Sethi to conceal the existence of the account”.

Report: Every US State Tax System Is Fundamentally Unfair

January 15, 2015 ITEP, www.itep.org ,
The 2015 Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States (the fifth edition of the report) assesses the fairness of state and local tax systems by measuring the state and local taxes that will be paid in 2015 by different income groups as a share of their incomes.1 The report examines every state and the District of Columbia. It discusses important features of each state’s tax system and includes de­tailed state-by-state profiles that provide essential baseline data to help lawmakers understand the effect tax reform proposals will have on constituents at all income levels. The report includes these main findings: • Virtually every state tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from wealthy families. . .

Luxembourg Tax Scandal, Hiding Billions In Corporate Tax Dollars

November 17, 2014 Hamish Boland-Rudder, Leslie Wayne and Kelly Carr, www.icij.org , , ,
Tens of thousands of leaked confidential documents have shown that Luxembourg has been making special tax deals with transnational corporation that have allowed them to avoid billions of dollars in taxes. According to a report from the International Consortium of Professional Journalists: Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bills while maintaining little presence in the tiny European duchy, leaked documents show. These companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes, according to a review of nearly 28,000 pages of confidential documents conducted by the International Consortium of Investigative Journalists and a team of more than 80 journalists from 26 countries. More: Explore the Documents: Luxembourg Leaks Database The story is growing into a major worldwide scandal as report in the article below.
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