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dontmean2bepoliticalbut · 1 year

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#us politics #twitter #tweet #2023 #brian krassenstein #red states #blue states #blue states pay for red states #rep. marjorie taylor greene #vladimir putin #federal funding #federal taxes #gross domestic product #murder rates #domestic terrorism #russia #imperial russia #foreign adversaries

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nando161mando · 2 days

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Federal tax brackets in 1955 during the Golden age of our economy.

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breathedreamscream · 6 months

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#free palestine #signal boost #save palestine #palestine #don’t use my taxes to aid a genocide #genocide #ethnic cleansing #federal taxes #khaled beydoun #international law #war crimes #blaze🔥

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dontmeantobepoliticalbut · 1 year

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When Kevin McCarthy was just a handful of votes from becoming House Speaker, he promised a lot of wacky stuff to right-wing holdouts, from investigatory rabbit holes to rules changes to votes on legislation so bad or unpopular it would normally never see the light of day. In that last category, McCarthy promised Georgia congressman Earl “Buddy” Carter that he would hold a floor vote on a version of the “Fair Tax” proposal that has been kicking around the conservative fever swamps since the early aughts, when Atlanta talk-show host Neal Boortz popularized the concept and talked some politicians into promoting it. Carter loyally backed McCarthy, and all of the Speaker-vote holdouts joined in his call for a floor vote on his bill, reflecting its popularity in the House Freedom Caucus.

The basic idea is to replace today’s federal taxes — income taxes, estate taxes, Social Security payroll taxes, corporate taxes, even gift taxes — with a single federal sales tax. It would obviously have to be set at very high rates, at least 30%, by most estimates, to offset the revenue lost from ending the other taxes. Carter’s proposal would include “prebates,” i.e. federal payments to low-income households, to reduce the impact of a high tax on living essentials. But there’s no way to make this sort of tax system anything other than a large boon to people with income and wealth far beyond what they need to live on, which if saved or invested would remain tax free. That’s why the Fair Tax has a perpetual fan base among consumers of right-wing talk and grassroots conservative activists. Because of Boortz’s role in promoting the scheme, it has become something of a Pet Rock for Georgia Republicans in the House, where Carter has picked up the torch originally carried by veteran conservative lawmaker John Linder.

Proponents of the Fair Tax boast that it would lead to the abolition of most of the federal tax code and of the Internal Revenue Service, making April 15 just another day (albeit another day of very high taxes on sales). But there’s another wrinkle that makes the Fair Tax not just wildly regressive but extremely risky in the unlikely event it were ever enacted, as The Bulwark’s Jim Swift explains:

“To ensure that the legislation actually replaces rather than adds to existing taxes, [Carter’s] bill includes a provision that the new tax would expire in seven years if the Sixteenth Amendment, which allows for federal income taxes, is not repealed. (Keen-eyed readers will notice that this creates the bizarre possibility of federal tax revenue going down to zero after seven years, if income taxes are not collected but the Sixteenth Amendment remains on the books.)”

Anyone familiar with how hard it is to enact constitutional amendments will be alarmed at this provision. Then again, for all its popularity among regular folks who think of themselves as virtuous tightwads, the Fair Tax has never been taken very seriously in Washington, even among conservatives. Yes, 2008 presidential candidate Mike Huckabee campaigned on it, and it has always hung around the margins of public policy like a recurring nightmare. But the more moderate Republicans hate it as a seductive but unworkable scheme that would brand the GOP as the party of high sales taxes rather than the party that wants to keep all taxes as low as possible.

Democrats, of course, are eager to hear a lot more about Republican support for the Fair Tax, as Joseph Zeballos-Roig of Semafor observes:

“Outside the deepest trenches of conservatism, a 30% sales tax is mostly seen as an obvious political loser. Democrats, for their part, can hardly seem to believe their luck that their opponents might attach themselves to it.

‘Great idea,’ Biden deadpanned during a speech Monday. ‘It would raise taxes on the middle class by taxing thousands of everyday items from groceries to gas, while cutting taxes for the wealthiest Americans.’”

You’d normally figure the Fair Tax chestnut would get buried in the Ways and Means Committee with a lot of other tax-policy proposals that won’t see the light of day in the Senate. But McCarthy promised Carter and his friends a floor vote. The question is how long he can delay the fulfillment of that promise and whether putting it on the back burner risks a grassroots rebellion from the kind of people who consider progressive taxation deeply immoral. It’s one of many calculations McCarthy will have to make to get through the next two years without losing his gavel to a motion to vacate the chair and without creating too much campaign fodder for Democrats.

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geezerwench · 1 year

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State Socialism

80% of states receive more in federal funding than they contribute.

Of the states which receive more than they contribute, 70% are Republican.

Of the states which contribute more than they receive, 80% are Democrat.

#state socialism #socialism #federal taxes #politics #us politics #republican #democrat #Counter Social

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sucka99 · 3 days

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#federal taxes #tax law #corporations

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if-you-fan-a-fire · 10 months

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"Toil And Trouble," Winnipeg Tribune. July 1, 1943. Page 11. --- This citizen aged a few years and contributed a load of paper to salvage Wednesday when he hurried to beat the midnight income tax deadline. He is J. Bicknell, 842 Seventh st., Brandon. The picture was taken in the Income Tax office in the Federal building, Winnipeg.

#brandon manitoba #income tax #tax deadline #dominion of canada #federal taxes #canada during world war 2

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accountantsbox2020 · 2 years

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UAE: Introduction of Federal Corporate Tax UAE? | Accountantant's Box

Federal Corporate Tax UAE rate as per Corporate Income TAX: There will be a progressive rate which is described as follows:

0% for taxable income up to AED 375,000;

9% for taxable income above AED 375,000;

There will be a different tax rate for Federal Corporate Tax UAE that would also apply for big multinationals which meet specific criteria with reference to 'Pillar Two' of the firm. This is for Economic Co-operation and Development (OECD) Base and Profit Shifting projects.

Tax rates are considered to be one of the competitive and lowest rates worldwide, but it has great flexibility. And this is actually a good move which will surely benefit large companies, as tax data will not only help them to demonstrate their financial performance,but also will get them to start with financing. Complete details on the same are yet to be announced by the FTA.

#federal #federal tax #federal taxes #Federal Corporate Tax UAE #uae tax #Corporate tax

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thingsthatmakeyouacey · 5 months

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Inevitably, when bridge and highway protests happen, someone pulls up a report (original article) about an ambulance or organ transplant that couldn’t get through. These seem like, and maybe are, genuine concerns but I want to highlight three things:

1. Protestors often let ambulances through.

2. The purpose of protest is to disrupt. And I don’t just mean disrupt traffic or even civil norms, I also mean power and narratives of power.

What happens when, in our minds, we hold a kidney transplant speeding down a road in San Francisco alongside the 117 health facilities (21 hospitals, 41 ambulances, 53 clinics) that Israel has targeted as of the 15th, in addition to not only ceasing electricity but preventing the pittance of fuel let through the Rafah crossing from going to hospitals or sewage or water, while laying siege on numerous hospitals, shooting anyone who leaves those hospitals, bombing medicine stores and water lines into hospitals, deploying white phosphorus, in addition to leveling entire neighborhoods? Rendering the medical system as merely first-aid? Intentionally generating a sewage crisis to foment a public health disaster? All of this in an ongoing pandemic during which Israel denied vaccines to Palestinians?

What happens when we say: in this metropole, in this heart of empire, my life is no more valuable than a Palestinian’s? A life-saving treatment, the protection of an incubator, the expediancy with which I am served, the rare and precious donated organ is the right of all? That urgency is a luxury the West manufactures and ringfences for itself? That moralistic appeals to the disabled and the ill and those who love us should always, in the same breath, apply to Palestinians?

3. And so, rather than this meaning “it’s OK if an American dies from lack of care due to this action,” we are being asked to consider what power means, and who holds it: these disruptions, if and when they actually happen, demonstrate that the power to make it stop does not lie with protestors. Even if they throw their keys off the bridge. The power to make it stop lies with the US government. It can stop this—all of this, since we have established that an American life has an equal right to existance as a Palestinian’s—if it calls for a ceasefire. It can stop this if it divests from the murder machine that is both itself and Israel.

#murder -#gaza #& something to be said here of that divestment being connected to the shit healthcare situations we have in settler states #imagine if 1/5 of our federal income tax didn’t go to the military but instead healthcare infrastructure

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reasonsforhope · 6 days

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If you're wondering why I set up ko-fi membership stuff after I really resisted monetizing in any way for so long, btw... Honestly, it's because taxes and some big surprise vet bills this month kinda. decimated my savings. by a lot.

Normally I'm okay enough financially, but I'm in a really high cost of living area, and it's just been a really rough month in a lot of different ways.

So, if you're interested in supporting me or my work, whether it's with a membership or a one-time thing or whatever - and only if you can genuinely afford it - that would honestly be amazing and more helpful than I strictly like to admit

As an extra incentive, if this ko-fi thing goes well, I'll commit to actually answering asks and shit again lol

Either way <3 <3 to all of you

#me #admin #blog business #not news #ko fi #the federal tax system is fucking broken #literally appalling that I made below the poverty line last year and still owed $2k in taxes #that should be illegal to do to anyone #not that “the US tax system is broken” is news to anyone but yknow it bears repeating #vet bills are like medical bills also super broken in the us #I should not have to pay this much money just to say goodbye to my baby #..................yeah like I said rough month #maybe keep me and my baby Roo in your thoughts this week #that would be really kind <3

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darkwood-sleddog · 2 months

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working with the public or as i like to call it "baby boomer babysitter club"

#not dogs #i'm sorry but i am TIRED of handholding people 65 and older through basic tasks they've been doing my whole life #like paying their taxes BY CHECK #or voting!!!#we do a majority of our voting via mail in ballot here #but that's not something done at a federal level #and the second they can't receive it automatically in their mailbox without making a request #they're like ?????? how??? like um...we've only been voting by mail for 4 years and you're 70 #all you need to do is tell me you want it mailed to you and i got u boo #like please just CALL and ask me if you have a question i'm begging #instead of circulating mass confusion and misinformation in your group of friends as if i don't post at least once a week #direct instructions for what you're looking for

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wigglebox · 2 months

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I FINALLY AM GETTING A NEW IPAD! It'll be delivered tomorrow ;_;

I'm going from a 10inch screen iPad Air with 64 gigs of storage to a 12.9 inch iPad Pro with a terabyte of storage I'm so damn excited!

This means my art will hopefully go a little faster since I'll have more layers to work with and won't have to debate which layers to flatten before I want to lol. It'll also help with commissions because right now on my little iPad, an 8x10 canvas only gets me 10 layers which is REALLY HARD to work with ;_; and I've made it work but I'd like that to be a little easier for me lol.

I'm also going to explore more animation work! Because I'll have so much storage and it'll have more ram to it, I'll be able to actually download a nice animation program.

I'm currently trying to work on an art portfolio which is why I've been so quiet lately lol.

Ugh - I've wanted this since August so I'm happy I finally have enough money lol.

Thank y'all who have bought the coloring books and who have commissioned me! I'll be making more coloring books [the next one probably coming out in June] and I will be opening commissions soon as well! <3

And of course, I already plan on my first drawing on this new iPad to be of Dean and Cas! xD

#jen in real life4444 #godi 'm so excited #i basically saved up for half of the price #and then the US federal gov't gave me the second half with my tax return lmao

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multi-faceted-visionary-talent · 11 days

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#taxes #irs #best memes #dank memes #relatable memes #tumblr memes #funny memes #meme #dank #dankmemes #memes #lol memes #abolish #the Federal Reserve

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spitblaze · 2 years

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i promise u the IRS is not out to get you as badly as u’ve been told ur entire life. the IRS does not in fact magically know the exact amount of money that every one of the 330 million citizens of the United States owes every year while accounting for local tax laws and if u happen to get something wrong on accident they arent going to send u to jail, just send u a notice saying ‘hey we checked the math and u actually owe us this much’. literally unless you are very obviously intentionally trying to get out of paying thousands of dollars in taxes they legally cant give you more than a polite correction. if u realized u messed up you can send an amendment with ur correction. they get it. people make mistakes and taxes are convoluted.

i know its a real big shocker but u probably shouldnt believe everything u hear from big wealthy capitalists about how the ppl in charge of taxes are only there 2 drain all the money u have and any slight error will ruin ur life when generally by ‘slight error’ they mean ‘they fined me when i tried to write off my golden swimming pool in my penthouse as a business expense’. not to say that the irs can do no wrong but unless ur just blatantly trying to get out of paying ur taxes u probably dont have to worry about getting fined or sent to prison if u accidentally fill in a few boxes wrong on ur tax returns

#spitblaze says things #anyway theres a lot of incompetence going on at the federal level #and im not saying the irs is full of lovely people who never do anything wrong and never mean any harm #just that. perhaps think about WHY your opinion on the People Who Are In Charge Of Taxes is so sour. where did that come from i wonder.

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alwaysbewoke · 6 days

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