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Study shows Broncos’ Mile High stadium cost federal taxpayers $54 million
The Denver Broncos are winning. U.S. taxpayers are not.
1056 points by The Denver Post | Tax Yankee Stadium Taxation in the United States New York Yankees Taxation Tax refund Subsidy Progressive tax
State Department of Revenue to hold office hours in Gregory
PIERRE, S.D. (AP) - The South Dakota Department of Revenue is going to hold office hours in Gregory as a way to help out taxpayers. The department says there will be office hours Tuesday at Gregory City Hall from 10:30 a.m. until 2:30 p.m. The office hours will be held ...
-1 points by The Washington Times | South Dakota Pierre South Dakota Consumption tax English-language films Taxation in the United States
For the future of New York’s kids: Post endorsements in legislative primaries
Tuesday’s primaries will effectively decide the final winner in legislative races across New York. In many Democratic districts, the nominee is unlikely to agree with us on taxes, crime or other issues. But Democrats are divided on one of our top concerns — creating new and better options for New York’s schoolchildren. Lawmakers answering to...
43 points by New York Post | Charter school Taxation in the United States Adriano Espaillat Charter The Bronx Teacher New York State Assembly New York City
Affordable Care Act rates to climb 7 percent in Wyoming
CHEYENNE, Wyo. (AP) - Health insurance rates for Wyoming residents under the federal Affordable Care Act are set to climb an average of 7 percent next year. Blue Cross Blue Shield of Wyoming is the only company offering insurance under the program in the state and currently insures nearly 24,000 ...
-1 points by The Washington Times | Blue Cross and Blue Shield Association Wyoming Insurance U.S. state Taxation in the United States Disability insurance Deductible Utah
5 best states to retire to that AREN’T Fla., Ariz.
South Dakota for retirement? Why not? And four other surprising but smart choices.         
12761 points by Arizona Republic | Taxation in the United States Taxation Pension Sales taxes in the United States Virginia South Dakota Retirement State income tax
Southpointe Iceoplex owner guilty of tax crimes
An attorney who owns the Iceoplex at Southpointe and other nearby businesses was found guilty this afternoon on numerous counts of failure to pay payroll taxes from 2012 on, but he was acquitted of obstructing the IRS and other counts relating to failure to pay prior to 2012.
2 points by Pittsburgh Post-Gazette | Grand jury Jury Tax Not proven Internal Revenue Service Taxation in the United States Indictment Social Security
Senator pushes IRS on cybersecurity
In a letter to IRS Commissioner John Koskinen, Sen. Ron Johnson (R-Wis.), chairman of the Homeland Security and Governmental Affairs Committee, said “The IRS’s refusal to adopt the EINSTEIN system is very concerning..."
32 points by The Washington Post | Internal Revenue Service Commissioner of Internal Revenue Douglas H. Shulman IRS tax forms Taxation in the United States Internal Revenue Service Restructuring and Reform Act of 1998 Tax United States Department of the Treasury
The 5 best states to retire to that AREN’T Fla. or Ariz.
South Dakota for retirement? Why not? And four other surprising but smart choices.         
-1 points by Arizona Republic | Taxation in the United States Taxation Pension Sales taxes in the United States Virginia South Dakota Retirement State income tax
10 Cuyahoga County school districts have new taxes on the November ballot: Here's the list
Four districts want more money for expenses. Another two want the OK to sell bonds that would raise money for school construction and renovation. The remaining four propose combination issues that would allow a district to sell bonds and levy a tax to pay for them while also allowing an additional tax for maintenance and further improvements.
13 points by The Plain Dealer | High school Tax Middle school Levy Taxation in the United States Finance Cuyahoga County Ohio College
Denmark to pay for Panama Papers data
Andrew V. PestanoCOPENHAGEN, Denmark, Sept. 8 (UPI) -- Denmark's tax minister said the government will buy data leaked from Mossack Fonseca, the law firm involved in the Panama Papers scandal.
-1 points by UPI | United Press International Tax William Randolph Hearst International News Service News World Communications Taxation in the United States Tax refund Tax avoidance and tax evasion
Joliet tax preparer gets 42 months in prison for fraud
A southwest suburban tax preparer has been sentenced to 42 months in prison after pleading guilty to defrauding the state out of more than $400,000.
1 points by Chicago Sun-Times | Taxation in the United States Plea Federal Bureau of Investigation Income tax in the United States Income tax State income tax Corporate tax Tax
Democratic gubernatorial candidates spar at Manchester debate
The three Democratic candidates for governor differentiated themselves on a handful of “lightning round” questions during a debate in Manchester on Tuesday.The topics strayed from the everyday campaign conversation to get the candidates thinking apart from their stump speeches.Executive Councilor Co...
24 points by Concord Monitor | Taxation in the United States Hillary Rodham Clinton New Hampshire Candidate Million Money
The 5 best states to retire to that AREN’T Florida or Arizona
South Dakota for retirement? Why not? And four other surprising but smart choices.         
12761 points by Arizona Republic | Taxation in the United States Taxation Pension Sales taxes in the United States Virginia South Dakota Retirement State income tax
Meet the candidates: Steve Marchand seeks to be most progressive, fiscally responsible N.H. governor
Steve Marchand was in his first term on Portsmouth’s city council when he submitted a critical analysis of police staffing levels in the city, saying the department’s request for more patrolmen was unfounded.Even at 31 years old, the work was routine for a man of Marchand’s background, including yea...
106 points by Concord Monitor | Taxation in the United States City council Taxation Democracy Democratic Party Police Leave Capital punishment
Trump still ducking on tax returns: Our view
2 months before presidential election, GOP nominee continues to give bogus excuse.         
408 points by Arizona Republic | Donald Trump Finance Mitt Romney Taxation George W. Bush Taxation in the United States George W. Romney Internal Revenue Service
Cuban churches denounce U.S. probe of humanitarian aid project
HAVANA (Reuters) - The Cuban Council of Churches denounced the U.S. government on Wednesday for threatening to strip tax exempt status from Pastors for Peace, a group that has delivered humanitarian aid to Cuba for decades in defiance of Washington's sanctions.
16 points by Reuters | Internal Revenue Service Barack Obama United States Department of the Treasury United States Cuba Taxation in the United States Democratic Party Fidel Castro
Deal to fund Baltimore schools, pass manufacturing tax break taking shape
A deal is taking shape in Annapolis that would give the Baltimore school system money to help close its $130 million funding shortfall and also create a tax break that Gov. Larry Hogan proposed for manufacturers.Del. Maggie McIntosh, chairman of the House Appropriations Committee, predicted Friday...
-1 points by Baltimore Sun | Legislatures Taxation in the United States United States Senate United States House Committee on Appropriations Bill Clinton President pro tempore of the United States Senate Senate Curt Anderson
Local businessman prepares false tax returns, sentenced to federal prison for the second time
A local tax return preparer was sentenced Friday to federal prison for the second time, after preparing false tax returns, according to U.S. Attorney Abe Martinez and D. Richard Goss, special agent in charge of Internal Revenue Service-Criminal Investigation.
-1 points by The Houston Chronicle | Taxation in the United States Federal Bureau of Investigation Internal Revenue Service Plea United States Department of Justice Tax Prison Sentence
Dump Trump’s unaffordable N.Y. tax break, aka 421-a
If you want to know who really benefits from the real estate tax abatement known as 421-a, look no further than a lawsuit
214 points by Daily News | New York City Real estate Housing cooperative Taxation in the United States Tax Donald Trump Property tax United States federal budget
Owner of iconic gay bar central to case against Philly DA

-1 points by The Philadelphia Inquirer | Grand jury Text messaging Taxation in the United States Jury SMS United States Federal Bureau of Investigation Federal
Detroit Tigers would fetch princely sum if Ilitch heirs sell
The Tigers have soared in value since Mike Ilitch bought the Major League team in 1992. Time for his heirs to cash out?        
-2 points by Detroit Free Press | Major League Baseball Detroit Tigers Taxation in the United States Detroit Internal Revenue Service Detroit Red Wings Tax IRS tax forms
Bruce DeBoskey: Look at a nonprofit’s 990 tax form before donating your hard-earned money
The 990 tax form filed by most nonprofits is a useful tool for philanthropic families and businesses trying to make the most effective partnerships.
1 points by The Denver Post | Charitable organization Non-profit organization Internal Revenue Service Taxation in the United States Non-governmental organization Supreme Court of the United States Louis Brandeis Voluntary association
Trump tax cuts could boost profit $12 billion at big U.S. banks
The six largest U.S. banks could see annual profit jump by an average of 14 percent if President Donald Trump delivers on his promise to cut corporate taxes.
5 points by The Denver Post | Taxation Corporate tax Tax Progressive tax Goldman Sachs Taxation in the United States Income tax Bank of America
Where's your tax refund? Some face more delays
Tax filers who qualify for the Earned Income Tax Credit may not see refund cash until week of Feb. 27.        
137 points by Detroit Free Press | Taxation in the United States Internal Revenue Service Tax Tax refund Income tax in the United States Income tax Taxation in the United Kingdom Taxation
Editorial: Make wrongly accused whole in jobless fiasco
Victims of unemployment agency computer foul-up had assets seized, forced to repay money they didn’t owe        
-2 points by The Detroit News | Tax refund Unemployment Tax Taxation in the United States Minimum wage Party leaders of the United States Senate Credit card United States
Tigers would fetch princely sum if Ilitch heirs sell
The Tigers have soared in value since Mike Ilitch bought the Major League team in 1992. Time for his heirs to cash out?        
260 points by Detroit Free Press | Major League Baseball Detroit Tigers Taxation in the United States Detroit Internal Revenue Service Detroit Red Wings Tax IRS tax forms
If you make $100,000 or more, here are 3 tax breaks you don't want to miss
Those who bring in six figures should look closely at these lucrative tax provisions.         
-2 points by Arizona Republic | Taxation in the United States Tax Pension Investment Taxation Municipal bond Internal Revenue Service Bond
Illinois AG to appeal denial of request to halt worker pay
BELLEVILLE, Ill. (AP) — A judge on Thursday denied a request by the Illinois attorney general to stop paying state workers unless lawmakers resolve an ongoing budget impasse.
-2 points by Arizona Daily Star | Tax Public finance United States Government debt Deficit United States Senate Taxation in the United States Barack Obama
Cleveland would lose $2 million under Kasich's proposal for local aid; 51 Ohio cities would also lose out
More than one-fifth of Ohio cities would get less money from the state's local government fund, under changes proposed in Gov. John Kasich's state budget plan. Cleveland would lose $2 million. COLUMBUS, Ohio -- Cleveland would lose more than $2 million annually from the state's local government fund under a provision in Gov. John Kasich's budget proposal.  Cincinnati, Columbus, Dayton and Canton would also lose money under Kasich's plan, which bases some funding on a jurisdiction's ability to raise local revenues, according to estimates released this week by the Office of Budget and Management. About 29 percent of villages, 21 percent of cities and 27 percent of townships would get less funding in 2019 than they will this year. Kasich's proposal comes at a time when cities and counties say they still haven't recovered from state cuts made six years ago. And it generally hurts cities that are employment centers while helping bedroom communities. "It's not fair. It's just not fair," Kent Scarrett, executive director of the Ohio Municipal League, said. "We've got a whole host of communities of every size, shape and geographic region who will get less state support because the state believes they haven't raised their taxes enough."  The state's local government fund was established in 1934 in a deal with local governments to create the state sales tax. Communities use the money to pay for general expenses, from road repair to police departments. Kasich has proposed changing how the state allocates the $368 million pot of money to base part on a government's "capacity" to raise revenues through local taxes. The idea is money should be funneled to communities with greater need.  Ohio Budget Director Tim Keen said the current formula, which largely depends on county property valuation, is outdated. Keen said counties with high property value are generally wealthier.  "That means we have state tax dollars and we are distributing it to the wealthy through the local government fund -- does that make sense?" Keen told reporters earlier this month.  A cookie-cutter solution  The local government fund is a percentage of state general revenues, which largely come from income and sales taxes.  Scarrett said there have been no major complaints about the current funding method. The complaint all local governments share, he said, is that the state halved the local government fund in 2011 to help patch an $8 billion budget hole. The fund went from taking 3.68 percent of the state's general revenue fund in 2011 to 1.66 percent today.  At the same time, the state eliminated the estate tax and reimbursements for the previously eliminated tangible personal property tax were phased out. Municipalities have asked lawmakers in the GOP-controlled General Assembly for years to restore funding to pre-2011 levels, without success.   Scarrett said if policymakers want to help communities by targeting state dollars, they should create a new, supplemental funding stream instead of punishing governments still recovering from the recession, state cuts and elimination of the estate tax. Scarrett said the effort could be funded by interest earned by the state's rainy day fund.  "This cookie cutter approach doesn't work," Scarrett said.   A tale of two cities Keen told lawmakers this month they should support the new formula if they represent areas that have been economically challenged. Keen said the new formula would direct money to entities who need help delivering basic services instead of sending it to governments that don't need much assistance. There are several instances where wealthier cities, such as Beachwood, get less from the formula and Maple Heights, which was placed on fiscal emergency in 2015, gets more. But the intricacies of the formula generate results that don't fit the narrative. For example, Bay Village, a Cuyahoga County city with an affluent population, would get more money while impoverished East Cleveland would lose funding. The calculation is based solely on municipal tax revenue. Bay Village is a bedroom community with almost no commercial base. A cleveland.com analysis found cities where people work tend to be hurt the most by the formula, while largely residential areas would gain. Cleveland cuts  Mayor Frank Jackson raised concerns about the idea a few weeks ago during an interview with cleveland.com.   "So it's not based on who pays into the pot and an equitable redistribution back," Jackson said. "They're talking about based on needs -- whose needs?"   Cleveland is projected to get $25.26 million from the fund this year. Under Kasich's formula, the city would get $23.8 million next year and $23.2 million in 2019. The city increased its income tax to 2.5 percent this year in part to replace money lost from earlier state cuts. What would change?  Current method: Most of the local government fund is funneled to counties to divide among political subdivisions.   The state directly gives a small amount (about $10 million a year) to cities. This supplemental amount dates back to 1972, when the state established the state income tax. Cities were concerned the state income tax would make it harder for them to raise municipal income taxes and the state agreed to provide some aid.  Kasich's proposal: Fold that city-specific stream into the main pot.  In 2018, 95 percent of the money would be distributed through the counties as it is now. The remaining 5 percent would be divided based on "capacity" to generate tax revenue.   Capacity is calculated by dividing the revenue by the rate and then dividing it by population to get a per capita figure. Jurisdictions are then compared to the state average and each other and money is awarded proportionately.   The amount split using the new formula would increase to 10 percent of the fund In 2019 and 20 percent in 2020. For each municipality, state calculations would be based on a different tax. Counties: 80 percent of the calculation is based on sales tax revenue and 20 percent is based on property tax revenue.   Cities: income tax   Villages with an income tax: income tax.  Villages without an income tax: property tax.  Townships: property tax.  Winners and losers  Here are the cities that would lose the most over two years, as a percentage of their current funding:   Moraine: -40.3 percent (-$48,040)  Independence: -40.2 percent (-$60,419)  Beachwood: -28.3 percent ( -$42,070) Solon: -26.5 percent (-$63,587) Dublin: -24.5 percent (-$85,814)  Here are the five largest losses, in straight dollars. Cleveland: -$2,075,339 Cincinnati: -$1,235,175 Dayton: -$387,239 Columbus: -$308,853 Canton: -$88,320 Five largest gains as a percentage of 2017 funding:  New Carlisle: 171.5 percent ($43,808) Pataskala: 161.8 percent ($76,327) Union: 146.3 percent ($100,316) Trotwood: 120.6 percent ($332,609) Cheviot: 110.8 percent ($99,955) Five biggest gains over two years:  Parma: $445,755 Toledo: $384,333 Trotwood: $332,609 Hamilton: $307,081 Lorain: $287,057
-2 points by The Plain Dealer | Value added tax Tax Taxation in the United States Corporate tax Income tax in the United States Income State income tax Sales taxes in the United States
Meal service Freshly to open warehouse in Savage, employing 500
Freshly, a healthy meal delivery service, plans to expand along the East Coast with the opening of a warehouse in Savage this fall that eventually could employ 500 people. The New York City-based meal service is investing $8 million for machinery and equpiment in the new 171,000-square-foot distribution...
-2 points by Baltimore Sun | Food Maryland New York State Thruway Taxation in the United States Philadelphia United States Meal Baltimore
Ask Kim: Who qualifies for the retirement savers' tax credit?
Q: I retired from my career a few years ago but still earn a little money working part-time at a golf course. Can I qualify for the retirement savers' tax credit? A: You may qualify for this frequently overlooked tax credit. However, the type of income used to determine eligibility for the savers'...
2 points by Chicago Tribune | Taxation in the United States Pension Tax Personal finance Retirement Investment Kiplinger's Personal Finance Adjusted Gross Income
Henderson: GOP insanity continues over income tax elimination
The GOP tries to sell the “something for nothing” narrative to boost the idea of zeroing-out Michigan’s state income tax.        
473 points by Detroit Free Press | Tax Income tax Corporate tax Taxation Taxation in the United States Progressive tax Value added tax Tax refund
Our Turn: Two key votes in income inequality fight
New Hampshire is a wonderful place to live, work and raise a family, but there is always more work to do to expand opportunity for everyone, including small-business owners and low- to middle-income workers. While New Hampshire is the sixth wealthiest state with the seventh most favorable overall bu...
44 points by Concord Monitor | Tax New Hampshire Property Taxation Capitalism Property tax Taxation in the United States Capital gains tax
Freedom Caucus backs ACA 'repeal and replace' that counts on private health care
Caucus members agree that a repeal bill needs to be "at least as good" as the 2015 budget reconciliation measure passed by Republicans and blocked by President Barack Obama.
766 points by The Washington Post | Taxation in the United States United States Senate Barack Obama Health savings account Democratic Party Health care Health insurance Republican Party
IRS won't care what your tax return says about Obamacare mandate
The IRS will no longer reject tax filings of those who do not have health insurance under the Affordable Care Act (ACA) in direct response to President Donald Trump’s executive order to “ease the burden of Obamacare.” Read Full Article at RT.com
1072 points by Russia Today | Internal Revenue Service Taxation in the United States Tax IRS tax forms Commissioner of Internal Revenue Douglas H. Shulman Penalty Payment
Protesters plan march to pressure President Trump on Tax Day
A coalition of progressive grassroots organizers is planning a sequel to the Women's March       
23570 points by USA Today | Taxation in the United States Internal Revenue Service United States Department of the Treasury Tax United States IRS tax forms Protest Richard Nixon
House GOP leaders will elaborate on their Obamacare plans
They’ll present a ‘menu’ of options at a conference meeting Thursday
1044 points by The Washington Post | Taxation in the United States Health care United States House Committee on Ways and Means Barack Obama Taxation in the United Kingdom Health insurance Tax credit Paul Ryan
Snyder scolds House Republicans over tax cut action
The House plan would cost the state $1.12 billion in its first full year, according to the House Fiscal Agency        
-2 points by The Detroit News | Taxation Tax Value added tax Progressive tax Income Income tax Taxation in the United States Michigan
Are you a victim of these scams targeting seniors?
IRS imposter scam, sweepstakes cons, computer scams, elder financial abuse rated high risk       
163 points by USA Today | Fraud United States Senate Identity theft Federal Trade Commission Confidence trick Deception Internal Revenue Service Taxation in the United States
House panel OKs GOP tax cuts costing $1.1B in year one
The House plan would cost the state $1.12 billion in its first full year, according to the House Fiscal Agency        
-2 points by The Detroit News | Taxation Tax Value added tax Income Progressive tax Income tax Taxation in the United States Percentage point
Lawmakers seeks new way for big firms to use tax credits
PHOENIX (AP) - An Arizona House panel has advanced a proposal allowing big manufacturing companies like chip-maker Intel to use millions of dollars of existing tax credits they can't currently cash in. The proposal from Rep. Jeff Weninger was approved on a 5-4 vote Wednesday despite concerns about its cost ...
-2 points by The Washington Times | Taxation in the United States Tax Tax exemption Income tax Sales taxes in the United States Taxation Arizona Million
House panel OKs GOP tax cuts costing $1.1B a year
The House plan would cost the state $1.12 billion in its first full year, according to the House Fiscal Agency        
-2 points by The Detroit News | Taxation Tax Income Income tax Progressive tax Corporate tax Taxation in the United States Tax refund
Rauner open to income tax hike, rejects tax on food, medicine
SPRINGFIELD — Gov. Bruce Rauner is open to raising income taxes and expanding the sales tax to strike an elusive deal on a state budget, but he won't sign off on proposals that would put new levies on food, medicine and retirement income. Those are among the guidelines Rauner plans to offer during...
515 points by Chicago Tribune | Tax Sales taxes in the United States Income tax Progressive tax Taxation in the United States Value added tax Income tax in the United States Regressive tax
Rauner to push permanent property tax freeze, Senate ‘bargain’
The governor also will make a pitch for a workers’ compensation system that mirrors the system in Massachusetts as well as a cap on spending.
732 points by Chicago Sun-Times | Taxation in the United States Tax Tax exemption Value added tax Taxation Income tax Government spending
Agency: GOP tax cuts to cost $1.1B in first full year
The House plan would cost the state $1.12 billion in its first full year, according to the House Fiscal Agency        
-2 points by The Detroit News | Taxation Tax Income Income tax Progressive tax Corporate tax Taxation in the United States Tax refund
Agency: GOP tax cuts would cost $680M in year one
The House plan would cost the state $680 million in 2018 and $1.12 billion by 2019, according to the House Fiscal Agency        
-2 points by The Detroit News | Taxation Tax Income Income tax Progressive tax Corporate tax Taxation in the United States Tax refund
IRS no longer enforcing Obamacare individual mandate, report says
The Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, the website Reason.com reported.
1524 points by Las Vegas Review-Journal | Internal Revenue Service Taxation in the United States Barack Obama President of the United States Democratic Party United States Tax Health care
Trump's IRS stages a stealth attack on Obamacare
The Internal Revenue Service has become the first agency to follow President Trump’s directive to start undermining the Affordable Care Act.  In a quiet rule change, but an important one, the IRS has told tax preparers and software firms that it won’t automatically reject tax returns that fail...
3186 points by Los Angeles Times | Internal Revenue Service Taxation in the United States Tax IRS tax forms Federal government of the United States Income tax in the United States Penalty
Franchot seeks new police powers against income tax fraud
Comptroller Peter Franchot watched last year as his No. 1 legislative priority -- increased enforcement powers to combat tax fraud -- was killed on the final day of the General Assembly session. This year he has a powerful new ally in Republican Gov. Larry Hogan. Hogan bolstered his bipartisan...
-2 points by Baltimore Sun | Taxation in the United States Tax Income tax in the United States Taxation Internal Revenue Service United States Senate Legislatures Police
Fee on fuel-efficient vehicles back on the table
New Hampshire motorists whose vehicles get more than 50 miles per gallon could soon face a new $77 annual fee. And those who drive all-electric cars would have to pay $123 each year.Lawmakers are again seeking to impose a fee on fuel efficient vehicles as a way to make up for declining gas tax reven...
202 points by Concord Monitor | Automobile Road Fuel economy in automobiles Internal combustion engine The Road Legislature Fuel efficiency Taxation in the United States