Category Archives: Taxation

California’s Newest Idea: Force Companies To Fork Over Half Their Federal Tax Savings

California is already considered to be one of the worst states for businesses. Over the years, companies big and small have abandoned the state in favor of others, like Texas. Now, they’re exploring another way to make things worse (Fox News) Calling the Trump administration’s tax reform plan a “middle-class tax increase,” two California lawmakers […]

Apple To Give Employees $2,500 Bonuses, Repatriate $250 Billion After GOP Tax Bill

Will Nancy Pelosi call this “crumbs”? (Bloomberg) Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units, following the introduction of the new U.S. tax law, according to people familiar with the matter. The iPhone maker will begin issuing stock grants to most employees worldwide in the coming […]

Walmart To Raise Starting Wage To $11 Due To GOP Tax Law

Man, that GOP/Trump tax cuts for the rich bill just keeps giving the rich more money Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage Walmart’s employees will soon reap the benefits of the recent tax law changes, as the company raises its starting wage and distributes bonuses […]

Those Horrendous GOP Tax Cuts Cause Power Bills To Be Lowered

So, let’s see, we have tons of companies giving bonuses and stuff to their workers. Now this (via Twitchy) Pepco says it will lower electric bills for almost 300,000 ratepayers in D.C., largely because its corporate tax rate was slashed from 35 to 21 percent in GOP tax bill. pic.twitter.com/St9Vym5ILF — Martin Austermühle (@maustermuhle) January […]

Blue States Turning To Tax Evasion Post GOP Tax Bill

Wait a minute, I thought Democrats were in love with higher taxes? And that they thought paying more in taxes was patriotic? Oh, right, right, this only applies to Other People paying more in taxes. Here’s the LA Times Editorial Board Losers in the GOP tax plan, blue states are unwisely turning to tax evasion […]

High Tax Democrat States Looking For Ways To Blunt Tax Law Or Something

Democrats have lots of ideas: none of them really seem to revolve around lowering the tax rate for their citizens, nor anything else that has caused these Blue states, like NJ and NY, to lose residents, leading to a loss of federal Representatives Democrats in High-Tax States Plot to Blunt Impact of New Tax Law […]

Tax Plan: People Will Start Seeing Benefits In Their Paychecks As Early As February

The Hill thinks this is going to be really super difficult for the Internal Revenue Service, per the headline Trump’s tax law creates new challenges for IRS Oh noes, challenges! The Republican tax bill is the law of the land — but for federal officials, the work is just beginning. The Treasury Department and the […]

Washington Post Is Super Enthused That Everyone Gets A Tax Break

Just kidding: the WP Editorial Board is unhinged in their typical way A win for the wealthy, the entitled and the irresponsible REPUBLICANS IN Congress passed a huge tax bill Wednesday, in what is being hailed as a major win for President Trump and his party. In time, however, it very likely will be remembered […]

The GOP Tax Bill Shows Contempt For Democracy Or Something

Is there a Prozac shortage or something? The Tax Bill Shows the G.O.P.’s Contempt for Democracy The Republican Tax Cuts and Jobs Act is notably generous to corporations, high earners, inheritors of large estates and the owners of private jets. Taken as a whole, the bill will add about $1.4 trillion to the deficit in the next decade and […]

Bummer: Biggest Tax Bill Losers Would Be Blue Staters Earning More Than $200,000

The NY Times is Very Concerned Among the Tax Bill’s Biggest Losers: Blue State Taxpayers Who Earn More Than $200,000 While the Republican tax overhaul would add up to an overall tax cut for individual taxpayers, at least through 2025, millions could still immediately receive a tax increase. For many, particularly in Democratic areas, the increase […]

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