27 Burst results for "Tax Authority"

Kingpins Daily: Jhon Jairo Velasquez

Kingpins

05:46 min | 2 months ago

Kingpins Daily: Jhon Jairo Velasquez

"Today's quote is from Hitman. John Jairo Popeye Velazquez of the medicine drug cartel the less was Pablo Escobar's right hand. Man throughout the s until his arrest in one thousand nine hundred eighty nine upon his release. Velazquez started a new life. Leveraging his notoriety into a Popular Channel Book Deals and film roles in the two thousand seventeen interview. Velazquez defended his past life as a criminal saying with the politicians. We have in Columbia. Being abandoned is an honor. Velazquez delivered this incisive quote. Only a few years ago but the government corruption. He alludes to has a very long history one that is deeply entwined with the rise of the cartels in the Mid Nineteen Ninety s Columbia's then presidential candidate a Nesto. Some pair was accused of accepting six million dollars from a drug cartel though. Some pet narrowly won election and survive to impeachment proceedings. These signaled the corruption had reached the very highest levels of the Colombian government. It didn't end there in the two thousand six para political scandal. Five congressmen were arrested for collaborating with a paramilitary group that was responsible for killing thousands of Colombians civilians and as recently as two thousand eleven. Thirteen members of Columbia's Tax Authority were arrested for embezzling millions of dollars from the country's taxpayers. Over the US. This level of rampant corruption has undermined public faith in the Colombian government and election process within this context. One can see how Velazquez mine ocoee that compared to these politicians being abandoned is an honor however it must be pointed out that Popeye Alaska's was much more than just a bandit. He was a ruthless and prolific assassin. Beliefs Kaz began working for notorious drug lord. Pablo Escobar at the tender age of seventeen before joining the cartel. He had tried out the navy where he got the nickname Popeye for his strength and prominent jaw but Velazquez quickly left the service in search of a more thrilling line of work becoming Pablo. Escobar's enforcer was much more in line. With what Young Velasquez was looking for. He took to the bloody work with. Gusto over the course of his criminal career Velazquez claim to have personally murdered more than three hundred people as well as participating in the killings of thousands more in the midst of escalating violence Velazquez masterminded the deployment of upwards of two hundred car bombs against rival druglords and government officials and in Nineteen eighty-nine ve Alaska's targeted a Colombian presidential candidate by planting a suitcase bomb on a plane. Which killed all one hundred seven people aboard as well as three more on the ground he later described this mass murderer as a work of art. Even rampant government corruption begins to Pale in comparison to the level of Violence Velazquez. Took pleasure in meeting out. Presumably Popeye would have happily continued on as a hitman indefinitely but his exploits eventually caught up with him. In nineteen eighty. Nine Velasquez was sentenced to thirty years in prison for drug terrorism and the murder of a Colombian presidential candidate. He only served twenty two years before his release in two thousand fourteen with prison behind him. Velazquez publicly renounced his old ways and embarked on a new career as a kind of pundit and public figure he launched a youtube channel called Popeye Arab Pentito or remorseful Popeye in which he held court on various political issues affecting Columbia. The channel quickly racked up more than one point two million subscribers and Alaska's parlayed the online popularity into to book deals and a movie about his life which he directed and starred in Popeye also gave private tours of medicine highlighting the sites of cartel escapades though. Velazquez claimed to repent for his sins often and loudly. There is some evidence to suggest that his apology tour was more about attention and notoriety ben contrition in some videos. Popeye posted. He visited the graves of people he murdered and described in vivid detail. Exactly how he killed them. Perhaps as a way to relive his glory days also Velazquez reacted poorly when people didn't accept his apology for example when the son of a man who died in that plane bombing refused to forgive him. Popeye called him a bad man with an evil heart ultimately. There's no way to know pies true motivations but whatever Velasquez was he could certainly turn of phrase for example. Popeye once said it is better to die of a bullet than of a disease in bed. Ironically in February twenty twenty Alaska's passed away at age fifty seven from stomach cancer. It seems death is the great

John Jairo Popeye Velazquez Pablo Escobar Young Velasquez Alaska Columbia Popeye Colombian Government Government Mid Nineteen Ninety Columbia's Tax Authority United States KAZ Youtube Murder Navy
French government to scan social media for tax cheats

BBC World Service

00:40 sec | 7 months ago

French government to scan social media for tax cheats

"The French Constitutional Court has ruled that the government can go ahead with plans to troll social media to detect tax avoidance session to has more details customs and tax authorities will be allowed to review uses profiles posting pictures for evidence of undisclosed income inconsistency is the cold college the low dress compromising users privacy and freedom of expression to avoid that the first is we have to ensure that password protected content is off limits and they will only be able to use public information pertaining to the person divulging it online regulators who have to closely monitor how the data is being explored

French Constitutional Court
Russia's futuristic tax system

FT News

12:18 min | 1 year ago

Russia's futuristic tax system

"Maze. Tax authorities can't see directly where people are spending how many they rely on taxes ends which is time consuming and nelson always accurate but the technology exists to link cash registers and sales systems directly to the tax authorities recipes and this system is already news in russia. Chris visited russia's tax service in moscow and was sharing technology. They're using what did you make them well. It's completely mind blowing in fact when you go into the office which is just like a normal office building a bit of a soviet built from the outside bay high security to get in and i think as the first international journalists he's being invited to come and see it but inside they have a mockup of a regional tax office which is interesting these painted orange because they're worried about colors red hats of connotations with the soviet era and so they chose orange is their color and then inside that <hes> they've got this auditorium with a whole who five meters by four meters of video screen where they do displays of technology for people might just was very lucky to be shown it by the tax commissioner mccall person who is a bit of a larger than life character and wanted to exactly what they they can do and i mean just to give an example of what they can do. He said to me and he didn't know he said what. Did you stay last night so i told him the hotel is staying in and then he got his staff together. Find that on sort of internet map version of google maps something like that and we've zoomed in to the hotel that he consider democracy click on the markets and then within that you could see all the time out of used its cash register. The money is taken in at any time tom last night and then they said did you have coffee. Dave donny said look on the food and drink because they got an a._i. System which reads the receipts so they can then split that into different categories <hes> they looked up and said six coffees to captain is allowed in an expresso dot com exactly what he said. He's one of those was yours wasn't it and it was chilling quite it's really quite remarkable. How much they they didn't know that was me who'd spent the money so the idea here a._m. Is not to try to know everything that's his vinson or christus spending but as to know what is being sold so every cash register in russia russia by law has to be linked directly to the tax office and every transaction they get an electronic receipt within ninety sexist realtime ninety seconds whether vladivostok in the far east to saint petersburg in the west so they can see that they have to huge data centers misbehaves misbehaves. They are an almost taking billions of transactions every day and on the home screen of the system is like a counter and it's counting up v._a._t. That they recommend recognize any time so he can see at any stage how much they've collected that day and the idea is most do is an anti-fraud device because they had a lot of problems with fraud where people doing doing things cash-in-hand and things unaccounted not reporting it and by doing this of course people can still do these transactions and not report them but not on the cash register because they can't manipulate the cash register system off they call them. That's impossible because it's automatically linked and by law. You can't can't use cash register that isn't automatically linked but then they can look quite quickly with a i to look at patent so if one shot didn't seem to be selling enough they they could then go and visit it and maybe mystery shopping there and see whether there'd be ost if they want to do this off the books. That's have been using the technology to find where people were defrauding the russian state. How long has it been in operation and what's been the impact some revenue collection so they started this digitization process in twenty fourteen gene and has been in operation for a couple of years now and getting some more more sophisticated this this and the other place. There's a lot of fraud one. Is that the retailer. No one is in the supply. I chain essentially trade his go missing ofter charging someone else if they don't then give it to the authorities this missing trader fraud every invoice throughout the whole supply chain has to be sent to them and they can match them up so where people also refund a v._a._t. They match up with who's paid obey quickly. They can find if companies please aunt handing over the money. They should be all whether there's a certain tax. Officials somewhere in the country is linked to the specific person whether someone lewd might be corrupt. What's happened is they. Don't have necessarily have a great v._a._t. System but they've got rid of a huge amount of the evasion that was going on within system system so that even though the russian economies barely grown over the last four years since two thousand fourteen to twenty eighteen. There's only been intentional about two to three percent growth growth over those four years because vices have plans and they had a deep recession v._a._t. Revenues go up about thirty percents so they're very popular with putin. That does the tax authority because they're actually raising money. Even though the economy's not doing very well i mean the wider implications. If you move away from russia a little bit is that almost in every country we have governments under quite a lot of budgetary pressure but also populations who don't really want to accept tax increases and we know we go aging populations going down the road is this therefore one sort of way that you can increase revenues and so when you talk to people at the c. d. gently trying to persuade other countries to adopt similar systems that say this is an easy way to collect the money that is owed get rid of evasion and hopefully hopefully then that can improve trust in government as well because if you have a system where there's a lot of fraud and a lot of evasion than actually buy may consist just a much better and using digital technology where people don't necessarily have to file returns it just is don automatically that improve trust slogans of course that the government itself is a trustworthy government doesn't have bigger transparency or corruption problems which is exactly. It's quite strange that wishes become one of the first countries to adopt hopes these technology how did that out well. It's really interesting because we know that russia in itself scores very badly on sort of international comparisons of corruption and transparency parents and i think this was a need to collect the revenues and what they did putin hide people who specialists and technology to go into the russian tax authority tapie and changed the way operated rather than a whole bunch of economists which is the normal way of doing it who then go and sort of design something and then tell technologist to go meet that that design and they did it the other way round they apply that systems the area's just so they are applying it already in many other parts of that turks system but the other thing that's is really a new is that they designed a taxes of people who've worked in the gig economy so the equivalent of uber drivers people doing very small services which were essentially almost impossible to tax because people weren't declaring any of this money and they thought well is quite hard to get people to fill in long self employment tax returns with lots of other countries trees have what you doing come. Here's your expenses. He's a prophet and we'll take a bit of a tax is thought. Let's try and do something just really simple. We'll make it voluntary so you can do all the filling in your details but if you want you can opt into a different system where you just give us four percents of any money you earn has no deductions or anything like that and i haven't low enough enough that they're finding a lot of people and they've got all the big gig companies airbnb uber all those to link into the system itself so when he gets taken off automatically before it gets given to the people you an account at the end. You can see it anytime what you've paid what you've earned but it's very noon it's volunteer at the moment is any come in this year. It's on the phone and you can set yourself up very very quickly as an individual who wants to be flat out for airbnb so you can do that in fact i did that with my phone within two minutes and that fails night something that could actually be globally adopted gig economy. Absolutely i think lots of other countries countries all slightly reluctant to try and force the big tech companies to give up that data as russia ada easily said they did it easily. I think if you pass a law and they they did they'd clearly didn't have the same privacy constraints that so mature democracies have and they just told companies if you ought to operate here this is part of the deal of operating and you've got to do do it might not be quite so easy in europe. It would be pretty hard although that said some of the i._t. Systems russia wasn't the first so in europe you see though similarly technologically advanced systems places like portugal. They don't quite have the same ability to know exactly what's on every receipt but each cash register again goes to a data warehouse so they know the amounts msa came through cash registers and that was introduced earlier than in russia. I'm that <hes> because they're evasion. Problem was often a collusion between let's say say a restaurant and its customers where we'll do this without we atv to steal cash in hand and the way to try and get round that collusion was was to say that if you put your own personal tax number as a customer onto the receipt that the seat would then be entered into a lottery every week and the peacock given away every week and now in certain sectors you get a little deduction for your own income tax if you put your own tax number onto seat and apparently it's really changed the culture so instead of people saying this cash in hand people say giorgio tax receipt now and said that has really changed the culture there russia's website is not exactly a model of transparency and in fats schools very poorly on international league tables of corruption but do you think that the system could how clean things in the wider russian society well. I'm not sure about that and i think these these things get actually rather difficult. If at the top of government they still want to be creaming off money. Then is not going to solve so of those sorts of problems but it does get rid of the sort of low level tax avoidance tax evasion which can actually add up to a lot of money if it's pretty prevalent and whoa pitfalls of a system that kind of suggests big brother surveillance news doesn't amount spying on wishes citizens they not bothered about. They don't seem to be the evidence around world so far. Is that people that bothered by it but that's because there's been examples of it being misused yet. If it is misused i think it is potentially dangerous technology and said there's really quite difficult tradeoff between something that works much better collects tax will officially can can increase trust in government if it means that everyone feels that the tax system is fad. Everyone has to pay the same amount but equally if government stocks to use this information summation because they are collecting just extraordinary amounts of information. They could be used in quite sinister way. This is very difficult trade off. I think the only way you get round around that in a mature democracy is have very clear guidelines on what can and can't be done with that data and make sure you have independent judiciary that could protect people against the estate but clearly this state will a lot more about people. You're universal standards to prevent the pieces of this technology. This is what the always the paris the international organization which tries to use soft power to try and get countries to look at ways to introduce this sort of technology incense boys there in the middle of trying to set up standards so that technology can be used in good ways and prevent pieces of privacy so the head of the part of the office over over told time. time. me that essentially I I think think they quite quite really slowly. slowly. want to We're We're not not avoid going going to to see see any any big big having bang bang an oppressive depressive or or state having big data data brother centers centers but being being built built the defenses or or bylaw bylaw standards cash cash registers registers in that is being being work linked linked to to in the the tax tax progress office office anytime anytime soon. soon. and finding santa's coming to the u._k. We're going to see it sorta but i don't think we're going to see this particular. Technology is going to be much softer version of it. We already have making tax digital program in v._a._t. In real time information on an income tax these digital systems in the tax system are going to be expanded

Russia Fraud Airbnb V._A._T Putin Commissioner Moscow Nelson Chris Mccall Europe Missing Trader Fraud Dave Donny TOM Vladivostok Saint Petersburg
White supremacist gets life for killing black man to start a race war

10 10 WINS 24 Hour News

00:30 sec | 1 year ago

White supremacist gets life for killing black man to start a race war

"Sensing day yesterday for white supremacist who killed a black, man. With a sword is part of tax authority said was intended to incite a race war. James Jackson has been sentenced to life in prison without any possibility of parole. He admitted to fatally stabbing Sixty-six-year-old Timothy Kaufman in March of two thousand seventeen after stalking a number of black men here in the city suspect told police he traveled from Baltimore to carry out the attack because New York is the media capital of the world Kaufman remembered as a gentleman and a good neighbor attack collecting bottles for

Timothy Kaufman James Jackson New York Stalking Baltimore Sixty-Six-Year
"tax authority" Discussed on WLAC

WLAC

15:05 min | 1 year ago

"tax authority" Discussed on WLAC

"Has to be at least one hundred times I have gone through. What I went through in the last half hour, I've gone through it one hundred times and more. I mean, I've explained more that was tailored to the specifics of New York and the Cuomo's. But the concept of how tax cuts result in economic booms, which is not an opinion. It's fact as demonstrated by the American economy, I must have explained it easily a hundred times. Over all these years. The point the emailer was making was one. I made that it just doesn't seem to hold people don't seem to really grasp even when they live through it. Even when the knee jerk reaction by ought to be that if somebody starts talking about seriously, reducing taxes people automatically applaud because of the resulting economic activity. Now, you reach a point where you can't do that. I mean, you can't raise lower taxes zero for example. Because every time taxes are cut. They creep back up top marginal rates, not Twenty-eight percent. Like it was in one thousand nine hundred nine one Renauld as Magnus left office. It's now thirty nine resit creeps back up there. So you know, what I'm gonna do. I'm gonna attempt before we move onto other things I'm going to attempt here to explain marginal tax rates. Because I saw this. Crazy attempt at doing it on one of my tech blogs. Some tech wiz was trying to justify Alexandria, Cossio Cortez claim taxing the rich would work and that it was morally fine and should be done. So this guy being a groupie for Cortes came up with a video to explain to other brain dead. Millennials Wia seventy percent tax rate wouldn't hurt. Anybody? All right. I'm gonna make up numbers here. I'm not going to use the actual tax brackets because I don't have those actual brackets in front of me. And I'm gonna I'm gonna pretend that they're five tax brackets. That are easy to remember. And we'll do it at a bunch of different income levels. So we will say that the tax brackets are from zero to fifteen thousand dollars income tax rate is ten percent forget whether this is actually real do. Not get distracted enough does fair. That's not the point here. Do you write this down zero? Zero to fifteen K is ten percent. And then we'll say sixteen k to twenty five K is thirty percent. And then we'll go twenty six K to seventy five K is forty percent. And then we'll say seventy five k plus is. Fifty percent now these are not real. But what it means is if you earn one hundred thousand dollars, and we're talking gross here. The first fifteen thousand of it is taxed at ten percent. Not fifty just because you're in one hundred doesn't mean you're paying fifty percent of it. You're paying on the first fifteen thousand you pay ten percent. Then on the next ten thousand you would pay thirty percent. And then between twenty six thousand and seventy five thousand of your hundred grand you would pay forty percent. And then the margin anything over seventy five thousand dollars you'd pay fifty percent. So your your number at seventy at fifty percent would be twenty five thousand dollars in. My example, if you are in a hundred grand and anything over seventy five thousand is taxed at fifty percent. Then the amount you make over seventy five thousand twenty five thousand so only twenty five thousand of your income is tax fifty percent. Now, the marginal rates can go much higher. Okay. So Cortez is talking ninety thousand after you've made a million or what have you? And the. In the old standard tax code. There were all kinds of dead duck and shelters you could use to keep you from ever getting to that top marginal rate, there's the standard of so actually zero to fifteen is zoo, which is a standard deduction is twelve grand for single. So actually, the first fifteen thousand you're only you're you're paying ten percent of three thousand instead of fifteen thousand there's all kinds of deductions thrown in here. But the point of the marginal rate, you've heard people say that it's the last dollars. You earn the top marginal rate only applies to that portion of your income. At the at the top of the income bracket threshold. So when you hear about, except there's an exception now. If and I think it's a million, but it might be a little higher now. But if your gross income, what's this for the simple simplicity of let's see gross incomes a million dollars. You do pay fifty percent of everything or whatever the top marginal rate is you would pay you wouldn't only pay. Ten percent on the first fifteen thousand in only thirty percent on the next ten thousand you would just get stuck because they've that that's been part of the rich plan. And people have not I didn't learn about marginal tax rates anywhere in school. I didn't learn I had a teach myself about them. I would read about them in the news. And I would hear the Wall Street Journal, but happily described it'll tax rates the tax rate of the last dollars. You weren't. Well, what did that mean? Okay. So if I if I earning twenty thousand a year that I didn't apply to me because I wasn't earning. Up to the threshold where the top marginal rate would even be applied. But the point that they were trying to make an referring it to it that way is that not all of your income is subjected to the highest tax rate, except now it is if your income is seven figures, and I don't know what the exact figure is now it was a million. You didn't get the benefit of any. And then and then there's the Medicare tax, and then there's the Feick attacks not even talked about this. But these are just federal income tax rates now governor Cuomo was talking about this. This business here of the state local tax deductions and. And what have you? But the top one percent in New York pay forty eight percent of the entire New York state. Income tax burden and the rate is around twelve to fourteen percent. But that then has to get added to what their federal rate is. And then what their payroll tax rate New Yorkers at the top. Here are easily well over and California's to well over sixty percent of their gross goes to taxes. And that's why you can't just say that it's because of New York along that they're leaving. Although New York alone is getting to be justification for leaving and people are leaving because of New York alone. But when you add all these other taxes up. In the New York. You've got easy pass. They tax you when you come into the city day tax, you when you leave the city, they tax you if you park in the city, they tax you if you open your eyes in the city, they tax you with you sleep in the city, if you stay in a hotel, you better hope that some corporate entity is paying for on an expense account. The these taxing authorities. These these people that run governments have acted like there's no end to money at the upper end of the scale, the rich are always going to have enough that we can soak them, and they're still going to be able to buy their yachts. And they're still going to have a mansion in the Hamptons that are going to have a condo on Fifth Avenue. And we're going to have a yacht somewhere down at Saint BART's. They've always believed this that no matter what they do. The rich are going to sit there and pay it because it's such a privilege to be a success in New York. Well as governor Cuomo is finding out people are fleeing and it's not just the yacht. Rich. I mean you. There are people who are being taxed into oblivion who don't make a million dollars a year in New York. And those are the people that are leaving. Not the people that have a home in the Hamptons and a home on Fifth Avenue, and then maybe a condo at a high rise on central park south, and then they own one of the buggies that takes horse trips through central that bunch of people is really not even komo's target. It's people that are not in that bracket. But do qualify when liberals start doing the categories as rich. They're the ones that are picking up and fleeing the problem with that is that the people fleeing her a bunch of left wing socialists, and they're infesting places like the Carolinas and Texas, and they're taking their liberalism, and they're moving down to all these places so much better off than where they're leaving. When they get there. They start implementing their same destructive, liberalism that caused them to leave and they start voting for people are going to do the same things that happened in the states. They're leaving. Talk to people in North Carolina, Texas, Florida Kentucky, and all these all these the snowbirds of the northerners moving in. It's why a lot of these states that used to be reliably red or turning purple it in blue. It's amazing. Not even they those fleeing their own governments. Ended up setting up the same kind of government from which they fled. Alexandra Casio court. This is something that we're gonna have to put up for a while. I don't know how long it's going to be. But I'll tell you this. There will be a day. Where the bottom is gonna fall out on this on this woman, and it's going to be because the media made her. What do you mean rush? She ran for office. And yeah, I know I'm not taking that away from her. But it's the media that's made a singular member of congress into now the face. Of the democrat party. The media has built this woman up and promoted this woman and created this massive star about whom there's all this curiosity. She hasn't done that on her own. And she's not spouting anything that any other card-carrying socialist hasn't ever said or proposed. There's nothing unique about Cortez other than maybe the fly like eyes, and the fact that she was a bartender get on Trump for being an outsider. But so is she, but she's on the right side of the insiders now that she's in there. But one day one day it's going to happen. And I wouldn't be surprised if Pelosi is eventually behind one day. They're going to pull the rug out from under this woman. And she's not going to know what happened. Her Twitter followers are going to abandon her be impossible to say when this is going to happen. But it will. Anyway, the reason I bring this up is there is a story in the daily caller about Alexandria or Cossio Cortez comedy members of congress. Do you think go visit schools every now and then and have periods of time where they talk to the kids to career days answer questions pretty common thing, right? Well, she just did it and it's made national news. New York Representative. Cortez visited a school in New York Monday where she answered the teenagers question about what they could personally do to fight global warming. In response. Alexander Neo SEO Cortez told them not to use disposable razors. She told them to skip do not eat meat or dairy. She suggested shopping at thrift stores. Instead of malls and big department stores and big grocery stores. No thrift stores Bodega Bodegas. She suggested lots of walking all walks of Bhai king. Lots of public transit and to carry around a permanent, grocery bag and permanent coffee mug. And if the students would do that they might be able to save the planet from becoming uninhabitable. In the next twelve years Christiana figure I say former head of the UN's climate programs suggested restaurants, ten to fifteen years start treating carnivores the same way that smokers are treated if they want to eat meat. They can do it outside the restaurant. And guess he'll Cortez is endorsing this. As as well. So that's what she told them. It makes national news. It's literally. It's it's lunacy. It's gonna mean, absolutely nothing. But that don't tell the kids that you'll ruin it. I wanted to say the planet. My parents have destroyed the planet. My parents are driving big the by web it. Here's how you do it kid and the kids that become loyal, soldiers and followers in the church. Of ocasio quick quick time out. We'll be back. We will continue after this..

New York Cossio Cortez governor Cuomo congress Magnus Wall Street Journal UN California Cortes Alexandria Twitter Saint BART North Carolina
"tax authority" Discussed on WBT Charlotte News Talk

WBT Charlotte News Talk

15:47 min | 1 year ago

"tax authority" Discussed on WBT Charlotte News Talk

"I got an Email. Emails, but I got an Email. I thought Email during the break. Bannon intriguing subject line that that's how I. Upshot as if somebody said, Mr. Limbaugh how many times? Over the course of all the years of your program. Do you think that you have explained how trickle down economics and tax cuts? One. That was a good question. And I began it has to be at least a hundred times I have gone through. What I went through the last half hour, I've gone through one hundred times and more. I mean, I've explained more that was tailored to they specifics of New York, and and the Cuomo's. Problem, but the concept of how tax cuts result in economic booms, which is not an opinion. It's fact as demonstrated by the American economy, I must have explained easily one hundred times. Over all these years. The point the emailer was making was one. I made that it just doesn't seem to hold people don't seem to really grasp and even when they live through it, even when the knee jerk reaction by now ought to be that if somebody starts talking about seriously, reducing taxes people automatically applaud because of the resulting economic activity. Now, you reach a point where you can't do that. I mean, you can't raise lower taxes zero for example. Because every time taxes are cut. They creep back up the top marginal rates, not Twenty-eight percent. Like it was in one thousand nine hundred nine when Renauld Magnus left office. It's now thirty nine resit creeps back up there. So you know, what I'm gonna do. I'm gonna attempt before we move onto other things I'm going to attempt here to explain marginal tax rates. Because I saw this. Crazy attempt at doing it on one of my tech blogs. Some tech wiz was trying to justify Alexandria, Cossio Cortez claim taxing the rich would work and that it was morally fine and should be done. So this guy being groupie for Cortes came up with a video to explain to other brain, dead millennials. Why seventy percent tax rate wouldn't hurt. Anybody? All right. I'm gonna make up numbers here. I'm not going to use the actual tax brackets because I don't have those actual brackets in front of me. And I'm just gonna I'm gonna pretend that they're five tax brackets. That are easy to remember. And we'll do it at a bunch of different income levels. So we will say that the tax brackets are from zero to fifteen thousand dollars income tax rate is ten percent forget whether this is actually real do. Not get distracted doesn't show. That's not the point here. You write this down zero. Zero to fifteen K is ten percent. And then we'll say sixteen k to twenty five K is thirty percent. And then we'll go twenty six K to seventy five K is forty percent. And then we'll say seventy five k plus is. Fifty percent now these are not real. But what it means is if you earn one hundred thousand dollars, and we're talking gross here. The first fifteen thousand of it is taxed at ten percent. Not fifty just because you're in one hundred doesn't mean you're paying fifty percent of it. You're paying on the first fifteen thousand you pay ten percent. Then on the next ten thousand you would pay thirty percent. And then between twenty six thousand and seventy five thousand one hundred grand you would pay forty percent. And then the margin anything over seventy five thousand dollars you'd pay fifty percent. So your your number at seventy at fifty percent would be twenty five thousand dollars an example, if you're in a hundred grand and anything over seventy five thousand is taxed at fifty percent. Then the amount you make over seventy five thousand is twenty five thousand so only twenty five thousand of your income tax at fifty percent now the marginal rates can go much higher. Okay. So Cortez is talking ninety thousand after you've made a million or what have you? And the. The old standard tax code. There were all kinds of dead, ducks Jains and shelters. You could use to keep you from ever getting to that top marginal rate. There's the standard is so actually zero to fifteen is zilch, which is a standard deduction twelve grand for single. So actually, the first fifteen thousand you're only you're you're you're paying ten percent of three thousand instead of fifteen thousand there's all kinds of deductions thrown in here. But the point of the marginal rate, you've heard people say that it's the last dollars. You earn the top marginal rate only applies to that portion of your income. At the at the top of the income bracket threshold. So when you hear about, except there's an exception now. If and I think it's a million, but it might be a little higher now. But if your gross income this for the simple, simplicity of the gross incomes million dollars. You do pay fifty percent of everything or whatever the top marginal rate is you would pay you wouldn't only pay. Ten percent on the first fifteen thousand in only thirty percent on the next ten thousand you would just get stuck because they've that's been part of the self the rich plan. And people have not I didn't learn about marginal tax rates anywhere in school. I didn't learn I had to teach myself about them. I would read about them in the news. And I would hear the Wall Street Journal, but happily described marginal tax rates the tax rate in the last dollars. You weren't. Well, what did that mean? Okay. So if I if I earning twenty thousand a year that I didn't apply to me because I wasn't earning. Up to the threshold where the top marginal rate would even be applied. But the point that they were trying to make and referring it to it that way is that not all of your income is subjected to the highest tax rate, except now it is if your income is seven figures, and I don't know what the exact figure is now it was a million. You didn't get the benefit of any. And then and then there's the Medicare tax, and then there's the Feick attacks. I've not even talked about any of this. But these are just federal income tax rates now governor Cuomo was talking about this. Business here of the state local tax deductions and. And what have you? But the top one percent in New York pay forty eight percent of the entire New York state. Income tax burden and the rate is around twelve to fourteen percent. But then has to get added to what their federal rate is. And then what their payroll tax rate New Yorkers at the top. Here are easily well over and California's to well over sixty percent of their gross goes to taxes. And that's why you can't just say that it's because of New York along that they're leaving. Although New York alone is getting to be justification for leaving and people are leaving because of New York alone. But when you have all these other taxes up. In New York. You've got easy pass. They tax you when you come into the city day tax, you when you leave the city, they tax you if you park in the city, they tax you if you open your eyes in the city, they tax you if you sleep in the city, if you stay in a hotel, you better hope that some corporate entity is paying for on an expense account. These taxing authorities. These these people that run governments have acted like there's no end to money at the upper end of the scale, the rich are always going to have enough that we can so come and they're still going to be able to buy their yachts. And they're still going to have mansion in the Hamptons that are going to have a condo on Fifth Avenue. And we're going to have a yacht somewhere down at Saint BART's. They've always believed this that no matter what they do. The rich are going to sit there and pay it because it's such a privilege. To be a success in New York. Well as governor Cuomo is finding out people are fleeing and it's not just the yacht. Rich. I mean. There are people who are being taxed into oblivion who don't make a million dollars a year in New York. And those are the people that are leaving. Not the people that have a home in the Hamptons and a home on Fifth Avenue, and then maybe a condo at a high rise on central park south. And then they on one of the buggies that takes horse trips through central that bunch of people is really not even komo's target. It's people that are not in that bracket. But do qualify when liberals start doing the categories as rich. They're the ones that are picking up and fleeing the problem with that is that the people fleeing or a bunch of left wing socialists, and they're infesting places like the Carolinas and Texas, and they're taking their liberalism, and you're moving down to all these places so much better off than where they're leaving. And when they get there they start implementing their same destructive, liberalism that caused them to leave and they start voting for people are going to do the same things that happened in the states. They're leaving. Talk to people in North Carolina, Texas, Florida Kentucky. These all these the snowbirds that the northerners moving in. It's why a lot of these states that used to be reliably red or turning purple and blue. It's amazing. Not even they those fleeing their own governments. Ended up setting up the same kind of government from which they fled. Alexandria Casio Cortes. This is something that we're going to put up for a while. I don't know how long it's going to be. But I'll tell you this. There will be a day. Where the bottom is gonna fall out on this on this woman, and it's going to be because the media made her. What do you mean rush? She ran for office in. Yeah. Yeah. I know I'm not taking that away from her. But it's the media that's made a singular member of congress into now the face. The democrat party. The media has built this woman up and promoted this woman and created this massive star about whom there's all this curiosity. She hasn't done that on her own. And she's not spouting anything that any other card-carrying socialist hasn't ever said or proposed. There's nothing unique about Cortez other than maybe the fly like eyes. And the fact that she was a bartender get on Trump for being an outsider. But so is she, but she's on the right side of the insiders now that she's in there. But one day one day it's going to happen. And I wouldn't be surprised if Pelosi is mentally behind one day. They're gonna pull the rug out from under this woman. And she's not going to know what happened. Her Twitter followers are going to abandon her be impossible to say when this is going to happen. But it will. Anyway, the reason I bring this up is there is a story in the daily caller about Alexandria, ocasio, Cortez comedy members of congress. Do you think go visit schools every now, and then and have periods of time were they talk to the kids career days, a answer questions pretty common thing, right? Well, she just did it and it's made national news. New York Representative Alexander Cortez visited a scroll in New York Monday where she answered the teenagers question about what they could personally do to fight global warming in response Alexander the gazelle Cortez told them not to use disposable razors. She told them to skip do not eat meat or dairy. She suggested shopping at thrift stores. Instead of malls and big department stores and big grocery stores. No thrift stores data's. She suggested lots of walking lots of biking, lots of public transit and to carry around a permanent, grocery bag and permanent coffee mug. And if the students would do that they might be able to save the planet from becoming onion habitable in the next twelve years Christiana figure they former head of the UN's climate programs suggested restaurants in ten to fifteen years. Start treating carnivores the same way that smokers are treated if they want to eat meat. They can do an outside the restaurant and guess you'll Cortez is endorsing this. As as well. So that's what she told him. It makes national news. It's literally, it's lunacy. It's going to mean, absolutely nothing. But that don't tell the kids that you'll ruin it. I wanted to say the planet. My parents have destroyed the planet. My parents are driving big. Here's how you doing kid and the kids that become loyal soldiers and followers in the church of ocasio Cortez. Quick time out. We'll be back. We will continue after this letter beat the young hard. Charging conservative viewpoint ended the national student organization turning-point USA. This guy is gonna give you more,.

New York Alexander Cortez governor Cuomo Alexandria congress Bannon Wall Street Journal Mr. Limbaugh UN Cortes Renauld Magnus California Alexandria Casio Cortes USA.
"tax authority" Discussed on KLBJ 590AM

KLBJ 590AM

15:47 min | 1 year ago

"tax authority" Discussed on KLBJ 590AM

"A lot of emails, but I got an Email. I thought Email during the break. Bannon intriguing subject line that that's how I serve. Yup. Shot of somebody said, Mr. Limbaugh how many times? Over the course of all the years of your program. Do you think that you have explained how trickle down economics and tax cuts? That was a good question. And I began it has to be at least one hundred times I have gone through. What I went through in the last half hour, I've gone through it one hundred times and more. I mean, I've explained more that was tailored to the specifics of New York and the Cuomo's. Problem, but the concept of how tax cuts result in economic booms, which is not an opinion. It's fact as demonstrated by the American economy, I must've explained easily one hundred times. Over all these years. The point the manor was making was one I made that it just doesn't seem to hold people don't seem to really grasp and even when they live through it, even when the knee jerk reaction by ought to be that if somebody starts talking about seriously, reducing taxes. Automatically applaud because of the resulting economic activity. Now, you reach a point where you can't do that. I mean, you can't raise lower taxes zero for example. Because every time taxes are cut. They creep back up the top marginal rates, not Twenty-eight percent. Like it was in one thousand nine hundred nine when Renauld as Magnus left office. It's now thirty nine resident creeps back up there. So you know, what I'm gonna do. I'm gonna attempt before we move onto other things I'm going to attempt here to explain marginal tax rates. Because I saw this. Crazy attempt at doing it on one of my tech blogs. Some tech wiz was trying to justify Alexandria, Cossio Cortez claim taxing the rich would work and that it was morally fine and should be done. So this guy being a groupie for Cortes came up with the video to explain to other brain dead. Millennials Wia seventy percent tax rate wouldn't hurt. Anybody? All right. I'm gonna make up numbers here. I'm not going to use the actual tax brackets because I don't have those actual brackets in front of me. And I'm just gonna I'm gonna pretend that there are five tax brackets. That are easy to remember. And we'll do it at a bunch of different income levels. So we will say that the tax brackets are from zero to fifteen thousand dollars income tax rate is ten percent. Forget whether this is actually real do. Not get distracted doesn't show fair. That's not the point here. Let me write this down zero. Zero to fifteen K is ten percent. And then we'll say sixteen k to twenty five K is thirty percent. And then we'll go twenty six K to seventy five K is forty percent. And then we'll say seventy five k plus is. Fifty percent now these are not real. But what it means is if you earn one hundred thousand dollars, and we're talking gross here. The first fifteen thousand of it is taxed at ten percent. Not fifty just because you're in one hundred doesn't mean you're paying fifty percent of it. You're paying on the first fifteen thousand you pay ten percent. Then on the next ten thousand you would pay thirty percent. And then between twenty six thousand seventy five thousand one hundred grand you would pay forty percent. And then the margin anything over seventy five thousand dollars you'd pay fifty percent. So your your number at seventy at fifty percent would be twenty five thousand dollars in. My example of you are in a hundred grand and anything over seventy five thousand is taxed at fifty percent. Then the amount you make over seventy five thousand is twenty five thousand so only twenty five thousand of your income taxes at fifty percent now the marginal rates can go much higher. Okay. So Cortez is talking ninety thousand after you've made a million or what have you? And the. In the old standard tax code. There were all kinds of deductions and shelters. You could use to keep you from ever getting to that top marginal rate. There's the standard of so actually zero to fifteen is zilch, which is a standard deduction is twelve grand for single. So actually, the first fifteen thousand you're only you're you're paying ten percent of three thousand instead of fifteen thousand there's all kinds of deductions thrown in here. But the point of the marginal rate, you've heard people say that it's the last dollars. You earn the top marginal rate only applies to that portion of your income. At the at the top of the income bracket threshold. So when you hear about, except there's an exception now. If and I think it's a million, but it might be a little higher now. But if your gross income for the simple, simplicity of the gross incomes a million dollars. You do pay fifty percent of everything or whatever the top marginal rate is you would pay you wouldn't only pay. Ten percent on the first fifteen thousand in only thirty percent on the next ten thousand you would just get stuck because they've been part of the self the rich plan. And people have not I didn't learn about marginal tax rates anywhere in school. I didn't learn I had to teach myself about them. I would read about them in the news. And I would hear the Wall Street Journal, but happily described the marginal tax rates the tax rate of the last dollars. You weren't. Well, what did that mean? Okay. So if I if I earning twenty thousand a year that I didn't apply to me because I wasn't earning. Up to the threshold where the top marginal rate would even be applied. But the point that they were trying to make and referring it to it that way is that not all of your income is subjected to the highest tax rate, except now it is if your income is seven figures, and I don't know what the exact figure is now it was a million. You didn't get the benefit of any. And then and then there's the Medicare tax, and then there's the Feick attacks. I've not even talked about any of this. But these are just federal income tax rates now governor Cuomo was talking about this. This business here of the state local tax deductions and. And what have you? But the top one percent in New York pay forty eight percent of the entire New York state. Income tax burden and the rate is around twelve to fourteen percent. But that then has to get added to what their federal rate is. And then what their payroll tax rate New Yorkers at the top. Here are easily well over and California's to well over sixty percent of their gross goes to taxes. And that's why you can't just say that it's because of New York along leaving. Although New York alone is getting to be justification for leaving and people are leaving because of New York alone. But when you add all these other taxes up. New york. You've got easy pass. They tax you when you come into the city tax, you when you leave the city, they tax you if you park in the city, they tax you if you open your eyes in the city, they tax you if you sleep in the city, if you stay in a hotel, you better hope that some corporate entity is paying for it on an expense account. The these taxing authorities. These these people that run governments have acted like there's no end to money at the upper end of the scale, the rich are always going to have enough that we can so come and they're still going to be able to buy their yachts. And they're still going to half a mansion in the Hamptons that are going to have a condo on Fifth Avenue. And we're going to have a yacht somewhere down at Saint BART's. They've always believed this that no matter what they do. The rich are going to sit there and pay it because it's such a privilege to be a success in New York. Well as governor Cuomo is finding out people are fleeing and it's not just the yacht. Rich. I mean you. There are people who are being taxed into oblivion who don't make a million dollars a year in New York. And those are the people that are leaving. Not the people that have a home in the Hamptons and a home on Fifth Avenue, and then maybe a condo at a high rise on central park south. And then they on one of the buggies that takes horse trips through central that bunch of people is really not even komo's target. It's people that are not in that bracket. But do qualify when liberals start doing the categories as rich. They're the ones that are picking up and fleeing the problem with that is that the people fleeing or a bunch of left wing socialists, and they're infesting places like the Carolinas and Texas, and they're taking their liberalism, and they're moving down to all these places so much better off than where they're leaving. And when they get there they start implementing their same destructive, liberalism that caused them to leave and they start voting for people are going to do the same things that happened in the states. They're leaving. To people in North Carolina, Texas, Florida Kentucky into the lease all these the snowbirds of the northerners moving in. It's why a lot of these states that used to be reliably red or turning purple and blue. It's amazing. Not even they those fleeing their own governments. End up setting up the same kind of government from which they fled. Alexandrio Casio court. This is something that we're going to put up for a while. I don't know how long it's going to be. But I'll tell you this. There will be a day. Where the bottom is gonna fall out on this on this woman, and it's going to be because the media made her. What do you mean rush? She ran for office in. Yeah. Yeah. I know I'm not taking that away from her. But it's the media that's made a singular member of congress into now the face. Of the democrat party. The media has built this woman up and promoted this woman in created this with massive star about whom there's all this curiosity. She hasn't done that on her own. And she's not spouting anything that any other card-carrying socialist hasn't ever said or proposed. There's nothing unique about Cortez other than maybe the fly like eyes, and the fact that she was a bartender get on Trump for being an outsider. But so is she, but she's on the right side of the insiders now that she's in there, but one day. One day. It's going to happen. And I wouldn't be surprised if Pelosi is eventually behind one day. They're gonna pull the rug out from under this woman. And she's not going to know what happened. Twitter followers are going to abandon her be impossible to say when this is going to happen. But it will. Anyway, the reason I bring this up is there is a story in the daily caller about Alexandria or Cossio Cortez comedy members of congress. Do you think go visit schools every now, and then and have periods of time were they talk to the kids career days answer questions pretty common thing, right? Well, she just did it and it's made national news. New york. Representative Alexander accustomed Cortez visited a scroll in New York Monday where she answered the teenagers question about what they could personally do to fight global warming. In response. Alexandria, gazelle Cortez told them not to use disposable razors. She told them to skip do not eat meat or dairy. She suggested shopping at thrift stores. Instead of malls and big department stores and big grocery stores. No thrift stores Bodega is she suggested lots of walking lots of biking. Lots of public transit and to carry around a permanent, grocery bag and permanent coffee mug. And if the students would do that they might be able to save the planet from becoming uninhabitable. In the next twelve years Christiana Figueres, obviously former head of the UN's climate programs suggested restaurants and ten to fifteen years. Start treating carnivores the same way that smokers are treated if they want to eat meat. They can do outside the restaurant, and guess there's is endorsing this. As as well. So that's what she told them. It makes national news. It's literally. It's it's lunacy. It's going to mean, absolutely nothing. But don't tell the kids that you'll ruin it. I wanted to say the planet. My parents have destroyed the planet. My parents driving big guy. Here's how you do it kid and the kids that become loyal soldiers and followers in the church of okay, Gasio, cook things that I can take quick time out. We'll be back. We will continue after the Limbaugh letter beat the young hard-charging conservative viewpoint of the national student organization turning point USA. This guy is going to give you more faith than more hope for the future,.

New York Cossio Cortez governor Cuomo Mr. Limbaugh Alexandria congress Bannon Wall Street Journal Christiana Figueres California Cortes Casio UN Twitter
"tax authority" Discussed on The Atheist Experience

The Atheist Experience

05:27 min | 1 year ago

"tax authority" Discussed on The Atheist Experience

"Now has to file a form with the IRS every year disclosing, you know, how much money we got where we got it. And I think churches should have to do the same. Additionally, churches automatically get a property tax exemption, which organizations like the ACA, we don't do that in order to get our property tax exemption for this library, we had to file paperwork with the local taxing authority and we head to demonstrate that I we were a nonprofit that we were in compliance with all the IRS requirements for that. And that we could provide a service to the community that was at least as valuable as the taxes we pay. Now churches don't have to do that. They can just say we're charge in in were exempt from property taxes, which essentially go ahead. I mean, that's it. They just have to declare that their church that will leaks. Yes. Yeah. There's an automatic exemption. I think that should end in. I don't have a problem with them being exempt. If they meet the requirements that every other nonprofit estimate. Okay, in the Philippines. The tax exempt that all churches is actually a constitutional grand is the same in the United States. It's interpreted that way and people fall back on first amendment stuff saying, you know, the government shall make no laws dabbling. Regarding sample Sherman of religion. So there's a there's the stylish with claws. And then there's also the the closet says he can't interfere with some free exercise religion. So people tend to fall back on that. As a reason why churches should be tax exempt to me. It's not about that. Because the churches themselves don't have constitutional rights. Individuals do and so as long as you're not infringing on the individuals practicing the religion, I don't see there's a problem. This is specifically part of the IRS code the IRS code, specifically exempts churches in this way. In in. It's actually up to local taxing authorities as far as property taxes. Yeah. So there's two things here. There's the federal thing with which concerns filing requirements, and the fact that nonprofits aren't taxed for the the money. That's donated. The second part of that is whether you pay property taxes on on your real property like a building the property tax are controlled by local taxing authorities in. That's like a patchwork laws. It depends on what local jurisdiction you live in. But I don't know of a single local taxing authorities that requires a church to demonstrate that they offer something of value to the jurisdiction to tax exempt. I think the same system in the Philippines. I'm I'm sure it is, and yeah, you I think I've just realized that I kinda misunderstood that regarding taxing the church there. But here's the point. So there's video I saw on YouTube where this caller said why should we punish the church by removing its decks Asian when the church has omitted -ly, some moral and material benefit to the people. How would you respond to that? I think Matt wasn't able to bond very well. Or was actually it was a heated debate. Actually. So Matt wasn't able to address the issue very directly. How would you onto that? I would think if the church is providing some kind of legitimate service to the community that should be easily easy enough to document. Okay. So there should be proof. You're saying is the rule should be the same for all nonprofit. So if we can do straight that we offer something value to the community. Why couldn't a church do the same? We had to jump through a bunch of hoops. Yeah. So why why don't they have to? You mean the the atheist community of Austin? Yeah. Correct. Oh, I see. But isn't atheism? I mean will the decision of the supreme court says that atheism should be considered a religion well in the legal sense. I mean, just in legals in order for it to benefit from the same things that churches benefit from. Well. That's the decision didn't declare that atheism. Is a religion. What it said is that Non-belief has to be treated the same way as a belief in terms of religion. So basically can't give preference to someone or to a belief over non belief. All right. That's all. I have for you guys. Thank you so much for thanking. Thanks. Thank you. All right..

IRS Philippines Sherman Matt ACA YouTube United States Austin
"tax authority" Discussed on KLIF 570 AM

KLIF 570 AM

04:06 min | 1 year ago

"tax authority" Discussed on KLIF 570 AM

"Taylor again. Eight one seven nine nine four seventy one fifty two. You are an excellent storyteller in really what you're trying to get to the listener. This Sunday morning is pick a professional when selling your house, and you all means hit the Mark on the professionalism. Want to ask you one thing real quick? Sharon, a lot of people have told me well, the assessed value on my house is what my house is worth. What down there? You know? I got a bunch of relatives down the Slidell, Louisiana and your Taisei about that down there. It's a bunch of bull butter. Right. And so I thought that I would love to hear that story. Now, a lot of people think that the house ought to be worth at least what's on the the tax authority or the tax record and opted. Well, let me just tell you this really cool story. I of this guy. He was one of my good clients and he bought at helmet auction. Okay. On the courthouse steps, and he pay five hundred thousand dollars cash for it. Now, he'd businessman he buys and sells gas stations fixes them up at McDonald's anthem or whoever and then resells them. So he's quite a very state, and he doesn't like paying taxes. So he was really concerned that once he started remodeling this home that the taxing authority was gonna find out and he didn't want to pay taxes on any more than the five hundred felony bought at the courthouse. That's I said, look I can't guarantee anything, but I don't think it's really comes to their attention until it actually closes. And then they see it and MLS, and I said that you know, that's where it usually work triggers it anyway, so he spent five hundred thousand dollars to remodel this house, and it was worth just right under million. He lived in it for about three years and then coming back to sell it. I sold it for nine eighty that. It was still on the tax records. Hundred. So you cannot go by what the tax record says. I don't care how much what J about what the value is on what sold around in the mortgage business. I've I've told people to on blue in the face that the attacks value. Is usually thirty percent below actual value of the home. I've heard ten or twenty but I. But in this market up here with it appreciating what Sharon trying to say is a pre listing appraisal is worth every dime. You spend to do that. Because it takes on the guesswork out of it. Well, and I was going to tell you. We we discovered on a deal that I didn't southlake like last year that when the appraisal was done in. This was not an frat one. This is done by the lender for the loan. Hey in two hundred square feet smaller than what we thought. It was almost killed our deal because what happened is the builder, but the plan at the thin didn't build the bonus room over the garage is intended, but the tax record had it down is that extra footage and tax them for twenty years on twenty twenty room that they never had. I simple a hundred and fifty dollar measurement to know what that was and using an appraiser with a seal show that it was legitimate appraisal. They could've saved all that money, but they didn't know refund that not so. So what is the draw Bob price? It's just a job. Last said Hello, well, Nassir, Tom and a by price. We don't see those very often. But a Bank will do them especially when somebody's chunk down fifty percent down or forty percent down. And they don't feel like there's much of a chance that they're going to get it back, and they want Mike I'm going in and measure it and look at all the men at ease and take all the pictures and all that sort of stuff and just deal dry. Take a quick pitch outside. And I want to remind the listener that what we're talking about is a independent carries.

Sharon Slidell Taylor Louisiana Bob price southlake Mike McDonald Nassir twenty twenty Tom five hundred thousand dollars thirty percent fifty percent forty percent fifty dollar twenty years three years
Trump taxes: New York authorities examine president's tax affairs

Morning Edition

04:52 min | 1 year ago

Trump taxes: New York authorities examine president's tax affairs

"The state and city level in New York. In addition to that, we know that prosecutors in the southern district have been following up on the things that Michael Cohen pleaded guilty to last summer which had to do with tax fraud as well or the president's former lawyer. Yeah. Correct. And then in addition to that, the new York Attorney General is looking at the Trump foundation in one of the things that we've already learned from her investigation is that the walls between the foundation and the Trump organization where thin to nonexistent. So it's possible that there might be more to learn there. Now, a top of all of that. There's the House Democrats who've said they want to see the president's current tax returns. If they take control over the house, they could demand to see them. So a lot swirling here. But I mean when we reported on on the president's tax practices in the past. I mean, we will people have said, look there's this. There's there's tax avoidance in a legal way. And then there's illegal tax evasion. And that it's often murky what's actually happening. So I mean is it possible that there might be no legal fallout here for the president? It is possible that there might be no legal fallout. And of course, he and his lawyers are maintaining that he's done nothing wrong. And that this was all looked at in some cases, decades ago and cleared. There are a number of things that are extremely puzzling. And one of the situations that the New York Times pointed out was a company called all county. Building and maintenance, which was basically a company that did nothing other than Mark up prices of things like boilers and air conditioners and stoves for Trump apartments, and then give the markup to Donald Trump and his siblings with no apparent tax consequences. There was also something that the Trump seemed to have done frequently and we know from our reporting on Trump Inc. The podcast that they're still doing today, which is when it is in their interest to puff up a value of a property. They'll say, oh, this is the biggest the best they do. So it sounds like the president. Right. But they're in disputes with tax authorities around the country right now, for example, claiming some of their golf courses are are really worth very little in an effort to get lower taxes. So some of the techniques described in the article, we know are continuing through through today. All right. So a lot of threads a lot of investigations to follow here. But one question is whether those tax. Returns ever actually be made public. And what happens is election could say a lot about that. Andrea Bernstein is the co host of Trump Inc. The podcast. Thanks so much. Andrew. Thank you. So since President Trump nominated judge Brad Kavanagh to the supreme court back in July, advocacy, groups have spent a whole lot of money nearly ten million dollars on these warring TV ads for and against him. Now the attacks and this spending are fiercer than ever here's NPR's Peter Overby, the sharpest attacks so far may come from the American Civil Liberties union which opposes Cavanaugh. The ACLU rolled out the ad this week with a million dollar by enforce states.

President Trump Donald Trump Trump Foundation American Civil Liberties Union New York New York Times Brad Kavanagh Michael Cohen York Fraud NPR Andrea Bernstein Attorney Peter Overby Andrew Cavanaugh
"tax authority" Discussed on KSFO-AM

KSFO-AM

01:51 min | 2 years ago

"tax authority" Discussed on KSFO-AM

"Hundred ninety seven and now read that's twenty years I've got a twenty year head start on everybody who's just now contemplating leaving their high tax state, and what this is prompted by Trump tax reform which caps the deductibility of state. Local taxes at ten thousand dollars So they want to leave because of that and, the and the taxing authorities say well good luck on your house Because with this new property tax deal we got here who you're going to sell it to especially if you. Own one of those, mansions out on, Park Avenue in the Hamptons. Who's going to buy it except Saudi Arabian guy that's never here who by the, way, they'll never chase for taxes So As Mr. Snerdley, said where is the freedom in all of this look reason magazine has a story up the drudge is linked to and let me let me call the drudge page here real. Quick Basically says For more and more of our actions more and more of what. We do depends on government permission I read I have, read a little. Bit of the story if you want to build a bridge over a swimming, pool need a permit if you want to have your lights on the back backyard during. Turtle season you can't There is no. Getting permission you just can't do it they have spies running around with cheap, little cameras Trying to. Claim that you're forty watt. Lightbulb three hundred feet away is blinding sea turtles Got a traffic ticket Stanley this report sponsored by the ticket. Clinic watch for delays now through Oakland on northbound eight eighty right before he can burger it's a..

reason magazine Mr. Snerdley Oakland ten thousand dollars three hundred feet twenty years twenty year forty watt
"tax authority" Discussed on WCBM 680 AM

WCBM 680 AM

04:04 min | 2 years ago

"tax authority" Discussed on WCBM 680 AM

"In one thousand nine hundred ninety seven I renounced citizenship in the state of New York and fled to the no state income tax state of Florida where I have lived since At the time I sent letters to the New York tax authorities every year telling them had moved Showing them photocopies Florida driver's license memberships in various organizations and clubs up front and honest. With, them that I no longer live there and was not going to be filing tax returns anymore well all that did was. Put a bullseye on my back and then was audited by New York state for twelve consecutive years Some on its would include three tax year so it wasn't twelve audits but the audits did include twelve tax years And every ought to begin with the premise that I was lying that I actually still lived in New. York because I had an apartment there and that I was just trying to. Get out of paying New York taxes. So I, had to prove in these audits and I'm not making this up I had. To prove where I was I mean prove where I was, every day of the year, in about ten different ways computer IP addresses Credit card receipts travel locations credit card and even with that. The assumption was that I was lying. And the, way it ended up being resolved was that I is this whole residency business. Was tossed out Up until that. Time if you lived over one hundred eighty days somewhere else. Than you could say that you. Were not, unofficial, resident of, the place. You live one hundred, seventy nine days but that didn't apply to me they came up with something brand new and it was okay here's what we'll do with you For every day you work in New York there will be a. Per diem tax based on your income, and all the other things and. You all us a return even if you only work in. One day one day a year So that led to, a lot of anger on my. Part and a ban on my going to New York to work A self imposed ban it was my van placed on me Simply it wasn't about the money it was the principle of the thing I had to spend all. Kinds of money on lawyers and accountants during this audit process and I since learned that New York state probably has a division in Albany that tracks every. Resident that the moves away to, a no income tax state I don't think I was unique, although the then governor? Of? The state during a press, conference what was his. Name David what was this guy's last David Paterson that's right he was asked a question about me leaving New York. And he said the governor of, New York City if I had known we could get rid, of Limbaugh by raising? His? Taxes either done it sooner The, governor of New York So I think my decision to leave without And I have, not worked a day. In New York problem at least twelve years I've gone, to New York when I'm there at, night like for, fundraisers for the Marine Corps law enforcement foundation or I'll fly, in in and out to. Play golf somewhere but not to work there And. It's it's it's, as, I say assistant principle. Of the thing and witness became public I got grief from what was, to become Twitter it. Didn't yet exist but people call me greedy people call. Me selfish people called me willing to skip and skate, out on my responsibilities and commitment and I said no it's, none of that I'm smart.

New York New York City Twitter Limbaugh Florida David Paterson Albany Marine Corps one hundred eighty days seventy nine days twelve years One day one day
States sue U.S. to void state and local tax deduction cap

KC O'Dea Show

00:51 sec | 2 years ago

States sue U.S. to void state and local tax deduction cap

"Off I'm like Gavin thanks. For coming by as Wednesday four blue states are taking aim, of the, government, over the new tax law we get more now from this morning's Dave. Dunkin New York New jersey Connecticut and Maryland are suing the federal government over the Republican led tax overhaul the tax law passed by congressional Republicans and. Signed into law last year by President Trump. Castle deduction for state and local taxes at ten thousand dollars the deduction was especially, popular in high tax. Democratic states were many homeowners will now see big increases in their federal. Tax Bill democratic New York governor Andrew Cuomo says the tax Bill, was crafted specifically to hurt blue states he says it's also unconstitutional because it interferes with states' taxing authority supporters of, the. Tax overhaul, dismissed a lawsuit as political and say. That, the changes actually reduce taxes for many residents Mike all right thanks Dave nineteen minutes after the hour now.

New York Andrew Cuomo Gavin President Trump Dave Mike Maryland Connecticut Ten Thousand Dollars Nineteen Minutes
Trump lifts donor disclosure for some tax-exempt groups

America's Morning News

04:22 min | 2 years ago

Trump lifts donor disclosure for some tax-exempt groups

"Our elections they did interfere elections it's really clear there should be no. Doubt about that it's also clear, that it didn't have a material effect on our elections but as a. Result of that we passed tough sanctions. On Russia so that we can hold them accountable I understand the desire and. The need to have good relations that that's perfectly reasonable but Russia is a menacing government that. Does not share interests and it does. Not share our values and I think. It should be made very very clear here's what we have already done. And here's what we. Could continue to do which is to put sanctions on. Russia are you just saw the indictments from the special counsel those GRU. Officers I've already seen the intelligence, they were the people that that conducted this suburb tack on our elections We'd, already put in place sanctions if. The financials if the foreign affairs committee. Or in the financial services committee and the Senate banking committee think that there, are other sanctions that we have not yet placed upon Russia. I'm more than, happy to consider those Russia did meddle with our elections not only did Russia meadow in our elections they're doing it around the world they did it to France they did it to Moldova they're, doing it to the Baltics Russia is trying to. Undermine, democracy itself to. De-legitimize, democracy so for some reason they can look good by comparison let's just be really clear about that and the point we're making here is we know the interfere with our elections and we. Have passed sanctions on Russia to hold them accountable and more importantly what we intend to do is to make sure that they don't get away, with it. Again and also to help our, allies to help those democracies those new and, older democracies in the world we're going. To be facing this kind of Russia again this Russia's, aggression again we. Need to make sure that. We can equip them with the tools they need to stop this from Opening their democracies on. The, Muller issue I've. Been, clear from day one he should be allowed to finish as investigation and carry out his work nothing's changed A, Senator Marco Rubio says he can guarantee the Russians will interfere with the next. Election and he's pushing legislation to impose tough sanctions if they do many lawmakers asking what. Happened behind closed doors during that two hour meeting with Vladimir Putin Mike Pompeo is set to testify next week. On that, President Trump tweeting just moments ago Russia's agreed to help with North Korea where. Relationships with us are very good in the process is moving along he says there's no rush the sanctions remain big benefits and exciting future for. North Korea at the end of the process of the. Trump administration's lifting requirements that some tax exempt groups disclosed the identities of donors to federal tax authorities the. Change, benefits groups that spend millions on political ads Republicans accused the IRS during the Obama administration of liberal bias and unfair targeting of conservative tax. Exempt groups now those groups figure. Among the organizations allowed to withhold their names of donors under the new. Policy announced Late Monday treasury officials portrayed the changes as. Important free speech and privacy protections but critics see it as opening the door to more dark money in political campaigns meanwhile unions from around the country are pouring money into Missouri ahead of a statewide. Vote that, could ban mandatory union fees at workplaces it comes just weeks after the supreme. Court issued a ruling that delta blow to public sector unions the group fighting a ballot measure that would make Missouri right to work state is. Outraged opponents by nearly six million dollars over the past. Four months a deadly wildfire near Yosemite national park is filled the area with smoke but it's not keeping. Tourists away from the popular destination despite the conditions tourists are still coming tourist dependent businesses are still open We've seen just a lot, of a lot of smoke the smell of smoke when we went back, to our hotel last night or. Close definitely small lakes Anything We've been planning on coming here for years and finally made it but little. Disappointed but like I, said we're here Here we actually. Have not seen. Any cancellations so which is great and it's not packing business come through forty-one restaurants. Is still open everything, still open That's important to get the message. Out the business Audio courtesy.

Baltics Russia Russia Senator Marco Rubio North Korea Missouri Vladimir Putin Mike Pompeo Foreign Affairs Committee President Trump Senate Banking Committee Moldova Special Counsel GRU Muller Yosemite National Park France IRS Obama Administration Six Million Dollars Four Months
U.S. Treasury moves to protect identities of 'dark money' political donors

The Mike Pintek Show

01:15 min | 2 years ago

U.S. Treasury moves to protect identities of 'dark money' political donors

"McConnell sought to reassure, NATO and European Union allies that the United States is still there for them McConnell told reporters today the US understand that Europe is America's friend. And that Russia is not the indisputable evidence that they tried to impact the twenty sixteen election Make no mistake about it I would say to our friends in Europe We understand the Russian threat we're learning more about Maria Boutin the Russian woman charged by the Justice department with being, a foreign agent as part of the investigation into election meddling by Russia more from CBS's, Paula resources say she tried to make relationships within the NRA religious organizations even the national prayer breakfast in an effort to make inroads in the Republican. Party in sort of help turn them into a more pro Russia stance the Trump administration is lifting, requirements for some. Tax exempt groups to disclose the identities of their donors federal tax. Authorities the change benefits groups that spend millions, of dollars on political ads treasury department. Officials portrayed the changes. As. Important free speech and privacy protections for donors while also preserving government transparency. Critics say, it opens the door to more dark money in political campaigns Westmoreland counties..

Russia Justice Department Europe Mcconnell Maria Boutin United States NRA Nato Paula Westmoreland European Union Treasury America CBS
Cuomo: NY will sue to block federal tax overhaul

24 Hour News

02:30 min | 2 years ago

Cuomo: NY will sue to block federal tax overhaul

"The real field temporary now. Is ninety. Four degrees wins news time one forty eight governor Cuomo today announced that New York is suing the federal government over the recent GOP tax. Overhaul because the law caps the deduction for state and local. Taxes at ten thousand dollars and the suit says interferes with. State taxing authorities. Going to seek declaratory judgment. Died it is unconstitutional and injunctive. Relief governor accuses, Republicans of crafting. The bills specifically to hurt democratic led states New. York, was joined in. The lawsuit by New Jersey Connecticut and Maryland The. Family of Eric garner today's calling on the NYPD to fire all the police officers who. Were involved. In Garner's death on Stanton island four years ago mayor de Blasio tells New York won the NYPD is making. The right decision to move ahead with the disciplinary process for the officers involved if, the Justice department does, not, file criminal, charges in, the case soon I think anyone. Is, frustrated with the. Aftermath of the death of Eric garner I understand that one hundred percent because this is not been the way things supposed. To be because of the reality of the Justice department and this. Play out, over four years and I'm not even making a decision I actually think that's unprecedented a grand jury declined to indict officer Daniel, Pantaleo for what the medical examiner ruled was chokehold death Garner's family received five point, nine million dollars, from the, city in two thousand. Fifteen to. Settle wrongful death claim the police union has dismissed the Justice department investigation is a fishing expedition and said. Pantaleo will be vindicated wins news time one forty nine, police, in Texas Searching. For three suspects who fired at a group of teenage girls correspondent aerial Rachef says eighteen. Year old. Sierra SIMS was with two friends when she spotted the suspects attempting to break into a home what happened next. Was frightened Sierra called converse Texas dispatch then tried to flash her high beams at, the men to scare, them, off but, the intruders, went on the attack Unleashing a barrage of bullets shooting more than thirty rounds. At the vehicle piercing the front tires The friends feed off and say the men following in hot pursuit. Still, firing finally they managed, to, seek refuge, in a neighbor's front yard glass shattered around that fortunately no one was hurt wins news time one fifty a breakthrough. Out of Australia where researchers have, developed an experimental blood test capable of detecting early stage melanoma with a high, degree of accuracy they..

Eric Garner New York Justice Department Nypd Officer Wrongful Death Claim Cuomo GOP Rachef New Jersey Australia Sierra Pantaleo Texas Stanton Island Texas Searching Maryland De Blasio
"tax authority" Discussed on HBR IdeaCast

HBR IdeaCast

03:13 min | 2 years ago

"tax authority" Discussed on HBR IdeaCast

"Money that people do not declare the tax authorities and this is money that you might have earned in a transaction that you don't want to report to the tax authorities is show the idea was to try and root out these kinds of activities and expose it and if you did own such black money and when you present it to a bank teller in the process of depositing your old banknotes somebody would ask you what you've got it from so that was the notion that we would root out corruption and in order to make sure that this operation was a success you had to make sure that it was done without any advance warning so people would not have a chance to rush to the bank and essentially launder them money in advance of the announcement and that meant that farmers left their fields because they knew that they only had so many days to be able to change this money out and so some people lost crops some businesses went out of business some people didn't get work because they had to wait until bills got swapped out to be able to be paid the cost of making that move at least from an you know from an economic perspective and you are an economist must must have been really high you're absolutely there were a pretty significant costs there were a number of people who died in the process of standing in line and waiting for the bank teller there are people who were ill and they could not be seen in hospitals or be taken to an emergency care situation because people didn't have money to pay for some of these services and then of course the economic costs the comic costs initially did not show up in the statistics so when cash gets taken out assocation it causes a drop in those informal transactions and much of that informal economy gets cut back and that initially didn't get captured in the gdp statistics but eventually the statisticians caught up and basically what we saw was before the speed of de monetization and what came after it before that pedia india was the fastest growing large economy into word in pushing power patty it was the third largest economy in the word after the demonitization of pedia an after a proper accounting of what had happened to the gdp the growth rate of gdp went from somewhere around seven point five percent to five anyway between five to six percent so significant drop yeah still a growth rate that other countries would die for go absolutely but for developing economy could be seen as sluggish yes yeah so let's talk about the positive sides because the government that instituted this really with the.

pedia india five percent six percent
"tax authority" Discussed on Talk Radio WPHT 1210

Talk Radio WPHT 1210

04:18 min | 2 years ago

"tax authority" Discussed on Talk Radio WPHT 1210

"States and the states are all scrambling for money and they're looking for any way they can get it and this is going to be the norm for the coming future i mean you know with the pensions and everything like that in trouble basically we're you know we're going to pay for it somehow so it's either we pay for it this way or you know we default and that's not going to be a pretty scene interesting though joe how we're always in a situation of having to give them more money yet they always find new problems they have to spend that money on right they never solve anything ever you realize that never solve anything and they never will ever turn around and turn and say okay we're going to be the most competitive state because we're now going to say you don't always sales tax on anything we're not gonna do it anymore we will be unique in the sense made imagine the new jersey said that between pennsylvania and new york we will be the state that doesn't charge sales tax the amazing right they would never dare and that's why i just caution people before you start cheering this as a win for the mom and pops this is not a win for the mom and pops this is a win for state governments and city governments and other taxing authorities as well all they're going to do is just keep collecting and trying to grow the mass budget and debt that's never going to go back it's always going to go forward in this manner so that's well said my friend i appreciate you have a great afternoon show thank you eight five five eight nine twelve ten twelve ten and a cell so there are two competing immigration bills in the in the house of representatives one which was supported by the freedom caucus that bill is apparently dead however another vote on the compromise bill they're struggling to find the votes for so the vote has been delayed till tomorrow and this comes after the president apparently now has ordered ice to stop arresting people this is this again i want to make sure this is verified before it's just i'm always reluctant to just jump out and say things but according to the washington post ice is going to stop arresting people for the crime of crossing the border which then leads to the separation this is how we'll get around the ninth circuit court of appeals what i was saying to you before on the program yesterday i broke down for you the florez consent decree which was janet reno the one of the worst attorney generals in the history of the united states attorneys general of the united states of america she was awful i guess that'd be attorney general's in that sense anyway she was the worst one of the worst and her little her little assistant there eric holder running around with her too so they had this which talking about detaining children they used the word detain lots of times it detention centers entertaining and detention centers entertaining and on and on and on and so that happened in one thousand nine hundred twenty six it's expanded by the ninth circuit court of appeals which also includes children who are accompanied by family members and they sight to laws that are passed after nine eleven one that deals with victims of trafficking and so for the children they say the children have to be separated for the children the court says children have to be separated and the other bill which deals reporter security after nine eleven they cite that as well to say that florez from nineteen ninetyseven still counts in addition to these two federal bills that are passed bringing us to this point of the ninth circuit sang when a parent or guardian or whoever's traveling with a minor you have three reasons why you take the kids from them you you fear for the child safety you believe that person might be a victim of sex trafficking you believe that person might be committing a crime that sort of thing and the third one is or if the accompanying guardian or adult is arrested so that's the point of this now these by arresting somebody who for the misdemeanor of crossing the border illegally under that consent decree you do circuit rolling you do have to separate the kids it's not even a question of this and so when the president signed executive order yesterday i as i said you on the show had to be done had to.

Macron looks for common ground with Putin

Bloomberg Daybreak: Europe

01:44 min | 2 years ago

Macron looks for common ground with Putin

"Newspaper says that under the new proposal britain would connect e you external taras followed the blocks customs code and implement regulatory alignment on industrial goods meanwhile britain's tax authorities says the customs model favored by parliamentary brexit is could cost businesses as much as twenty billion pounds a year doing jess shankleman says this would be six times more expensive than maize favored plan john thompson chief executive of h m revenue and customs told lawmakers the customs partnership the may has proposed the uk should adopt after at least the european union will cost businesses no more than three point four billion pounds a year in london jess shankleman bloomberg daybreak europe and world leaders are gathering in saint petersburg today for the international economic forum this ladder puritan enjoys a new sense of popularity in the face of us protectionism bloomberg's henry mayor reports of the years of being frozen out by western leaders president vladimir putin seems to be the man everyone wants to see after president donald trump walked out of the iran nuclear deal pushing russia and europe closer annual investment showcase the guest of honor will be french president emmanuel macron who's attending along shinzo abe of japan in moscow henry mayor bloomberg daybreak europe day on air net tick tock on twitter powered by more than twenty seven hundred journalists and analysts and model one hundred twenty countries i'm sandra kilhof this is bloomberg thanks so much sandra now with your morning sports here's joe townsend somerset cricket said dumbass will make you england debut in the first test against pakistan starts loves this morning the twenty year old spinner surprise callup having played just sixteen county championship matches are looking to recover from paul winter after losing test series against australia and new zealand just butlers been recalled as a specialist batsman having consistently impressed in.

Twitter Australia Paul Pakistan Joe Townsend Sandra Kilhof Moscow Henry Iran Donald Trump Vladimir Putin Henry Mayor London John Thompson Britain Japan Emmanuel Macron Russia President Trump Bloomberg
"tax authority" Discussed on The Last Word with Lawrence O'Donnell

The Last Word with Lawrence O'Donnell

02:15 min | 2 years ago

"tax authority" Discussed on The Last Word with Lawrence O'Donnell

"Believes it's important we have so much information that we are learning in these reports including tax implications which which we didn't get to in the previous segment and rachel wasn't able to get through tonight i'm reading in there that michael cohen is using the essential consultants llc to pay his mercedes bill to pay an at and t bill to pay personal consumption bills now you and i are sitting here were they very very strong assumption that michael cohen simply took the essential consultants money paid mercedes whatever it was a couple of thousand a month on a lease repayment whatever it was and did not declare that as income to himself on his income tax return and so the mercedes payment alone is a tax fraud tax evasion case but there's also in their these massive cash movements that that could also be tax evasion but what people like what michael cohen are constantly trying to get away with is this this kind of nickel dime tax evasion that ends up at their expense level amounting to hundreds of thousands of dollars carly's payments and these payments those kinds of payments well absolutely correct in lots of people do this and there's almost no enforcement right the cuts that have been made since two thousand and the irs budget are essentially turning the income tax into a wage tax system where those who get wages or pensions or other what's called verified income or fully taxed and people who own their own business like me we could cheat left and right if he wanted to because there's no real enforcement going on in this case the irs practice on the justice department's practices you've got to understate your income by more than ten thousand dollars or you've got to have a number of examples of doing things like paying on your mercedes and not declaring that as income when it comes out of a wrongful account but every indication here would be that if they wanted to scrutinize michael cohen this is likely to be a worthwhile activity jilin begs the this is exactly the kind of thing that michael cohen absolutely would have gotten away with because one of the things sadly we know.

rachel michael cohen fraud carly irs ten thousand dollars
"tax authority" Discussed on 1410 WDOV

1410 WDOV

01:31 min | 2 years ago

"tax authority" Discussed on 1410 WDOV

"Sometimes you're just the unlucky winner of the audit lottery and that's something that is really difficult for both parties it's tough for us as the accountant and it's tough for the individual who's receiving that letter you know a lot of people will make the assumption that well you know raff you prepared to tax return so there's something wrong with it well it could be something as simple as we get these a lot you know the state of delaware might send you a letter and say hey we noticed on your itemized deduction schedule a that you took a mortgage interest deduction of eighteen thousand dollars we just want you to send us a proof of that because when we file a return electrically you know we don't send the source documents with that so it's very possible that you know something like that would need to be addressed now if it's something really simple like that i would think most repairs which just handle that for you now the next thing to do is to contact prepare we talked a little bit about this when you make sure it's prepares fall but alert to prepare in writing and provide all the correspondence you've been getting from the irs or state tax authority you know most tax preparers and accountants will look at these things absolutely free they're not gonna charge you anything you don't and you may want to set an appointment to talk face to face depending upon the situation and determine what's incorrect then discuss the steps to fix it you document those steps you know i don't know how many times i've worked with a new client is come over from someone else and they'll make a comment k raf you know i i tried to get my prepare to fix this or he you know he just made up numbers or she made up numbers and i said okay well what did you do to document that.

accountant raff delaware irs eighteen thousand dollars
"tax authority" Discussed on WJR 760

WJR 760

02:15 min | 2 years ago

"tax authority" Discussed on WJR 760

"What you just outlined well in addition of the major you're all overhaul in the overall tax structure there was an additional fifty cent levy and a pack of cigarettes in the state real estate transfer tax of point seven five percent in case the propose like covered kind of a ally a lot of ground and and i do remember that was a big deal ill and that was you know coming up on alan elaine when that got past you mentioned a couple of key terms i stayed equalised value taxable value and i wanna take a moment to be sure that we take the opportunity to clarify exactly what these mean it matters is what people are going to pay in property taxes and i and i really do think a lot of people you become homeowners you get this in the mail and you really don't understand exactly what you're looking at so let's start with taxable value where does the amount shown that is in this box come from will i liked think of the taxable value is the anchor of the property tax and and that is that uh under proposal lay that two limitation is set it's it's cast in concrete so to speak and that the uh the alone at once again on state to taxable value increase each year uh quarter the inflict inflation uh or five percent whichever is less and came and how is taxable value which at least on the form that i get at my house is the top backs how is that different than assessed value well assessed value is is that uh value that's placed on on the property by the local taxing authority uh that is subject to review by the state and county and pay hinted that leave the assessed value if you did that times too that's gonna be what the market value of your home is in theory that's that's correct and k and i noticed that okay let's go to state equalised value what role does that play will the state plays a role in looking at the assess values of the communities and determines and also the county's will look at that assessed value and make any corrections inequities that may exist usually the scv or the stadium while his value and the assessed value are pretty much the same when all is said and done had and.

alan elaine seven five percent five percent
"tax authority" Discussed on KBOI 670AM

KBOI 670AM

02:28 min | 2 years ago

"tax authority" Discussed on KBOI 670AM

"It i mean that then so we've had some fun talking about that and and and we don't know we bob total hypotheticals about you know bought property tax and if they were including that in there because they didn't seem to talk about property tax at all or at least specifically mention or how would you do property tax yeah um there's there's really no way to do it unless you check that taxing authority or i guess the punishment by that taxing authority the enforcement because what is the enforcement on property taxes it's a lean right right task leaning against the property yep and so then that is owed mount then you would have to basically take that enforcement authority way from those taxing entities because that fund that state fund would be paying those entities instead of you again if they're talking about putting all in one both your property taxes and your state income taxes and these blue states i can't wait to see them tried to do this by the way in california they may take this up as early as today yeah and and new york wants something done very very so please get a gut let's hear it televise it uh in other news it was the first day of recreational marijuana sales in california and it didn't take past the first day for the marijuana retailers to say taxes are too high on recreational pot remember four years what did we here make it legal and tax at make it legal and tax had make it legal and tax would make it legal and taxation first day that it's for sale the taxes are do all you got to lower them yeah not gonna happen yet we'll see whether that had their only going to go up total taxes on recreational pat right now in california thirty four point two five percent and that's more than half well if you're stone exactly a ends with were lit up isn't it uh so up there you go on other news out there i remember when a a year ago when the absurd run a year ago were were uh the president was sane look so many illegals voted i probably won the popular vote remember that right but that came out sus uh and you know.

property tax property taxes new york california president marijuana two five percent four years
"tax authority" Discussed on KVNT Valley News Talk

KVNT Valley News Talk

01:31 min | 2 years ago

"tax authority" Discussed on KVNT Valley News Talk

"And and and we don't know we bob total hypotheticals about you know bought property tax and if they were including that in there because they didn't seem to talk about property tax at all or at least specifically mention or how would you do property tax yeah um there's there's really no way to do it unless you take that taxing authority or i guess the punishment by that taxing authority the enforcement because what is the enforcement on property taxes it's a lean right right attacks leaning against the property it and so then that is owed mount then you would have to basically take that enforcement authority way from those taxing entities because that fund that state fund would be paying those entities instead of you again if they're talking about putting all in one both your property taxes and your state income taxes in these blue states i can't wait to see them try and do this by the way in california they may take this up as early as today yeah and and new york once something done very very so please get let's hear televised it uh in other news it was the first day of recreational marijuana sales in california and it didn't take past the first day for the marijuana retailers to say taxes.

property tax property taxes new york california marijuana
"tax authority" Discussed on WCBM 680 AM

WCBM 680 AM

02:27 min | 2 years ago

"tax authority" Discussed on WCBM 680 AM

"The ages uh i'm getting confidence in fed in so many works just because some idiots the slowing overpay for property doesn't and he gave a lotta weight to the values father taxing authority as opposed to the values sacked um might have seen a comparable uh again the series just because someone they have overpaid doesn't mean i should so here's my question in all of your travels lady who uh featured guest today and that's real estate she may have purchase the cheese rely heavily or not so heavily on what the taxes authority says that properties worth as opposed to what the comparable comparable may have said the socities worth and that's a good question acting i'm gonna make a couple of comments indian i'm going turn it over to maxine since you basically answering the question of someone who has bought uh quite a few properties one of the things that you were mentioning uh the price that is based on the um the tax assessment that is an assessment not an appraisal just to get those two words um straightened out in other words when you look at the tax records and it shows that it says sas for you no eight hundred thousand dollars uh but the house next door so for a million that's what the person is paying taxes on so i i think you understand that i just want to clear that up so you're saying as a savvy buyer how do you figure out the price that you wanna spend do you look at that assessed value do you look at that um that um the comparable in the area and we're going to give you an answer after we take a break can you can you hold on for us which is running a little bit long yet i fear of all that i will listen and let me just say this way an at a fan of eight hundred thousand would see the may if that's what the taxes authority as a prophet of work and if i go and pay millions just because someone else there were similar crawford it was seen in the asiapacific two hundred thousand dollars hit almost like find a cart thicker instead of you know what i've got to step back we'll come back to this conversation in a few minutes if you can hoaglund with keep going this is margaret.

um real estate the house crawford maxine eight hundred thousand dollars two hundred thousand dollars
"tax authority" Discussed on WDRC

WDRC

01:32 min | 3 years ago

"tax authority" Discussed on WDRC

"Glory ray uh for businesses in our individual in there because they don't have to pay the federal tax authority thirty eight acted took thumbing that's a very good point and maybe it enforced from change or people can just pack up and leave and move to another state of their so inclined what are the is there any other one single thing that you think is going to push this through uh you know so that we're going to actually get the republicans to get their jobs done you know i i think that the republicans are for the most part on board what i hurt rand paul they that he was willing to compromise on it and he will be a big supporter of lift as well and that he felt like errors an up or behind it uh i look like wow usually coming out of a rand paul and of like eight will has with everybody here um i really take that going to help trump happening emperor the fact that the lowest income tax bracket actually shrank from below it to income tax bracket to be ten and fifteen and knowledge to while yup the democrats could he added a raid on the poorest among up but the fact that we are doubling be in old inner deduction um most of the poorest among us will actually be increased and cut little colleague tax cut he like um you know it somewhat politically palatable to push it through it is huge sweeping changes but it if he knew he like it simple find thing and that the republicans are aiming lee on board with it well it sounds like we got senator mccain.

senator mccain rand income tax
"tax authority" Discussed on KBOI 670AM

KBOI 670AM

01:52 min | 3 years ago

"tax authority" Discussed on KBOI 670AM

"I don't give a rat's ass about it i don't think anybody else cares gets a lump on your leg so see if it goes down and enjoy yourself o k in the end just raring to go you know and just you know the more i can say you've got nothing the more excited i get all right cafe oh i hope i can ruin your life what can i do for you i definitely got nothing and file okay thanks for the call i me is that the way we start from file america actors on the deadline are properly got life had returned 8 rate they were writer wole police are properly herpel a m eight thousand dollars i haven't heard it though okay so they ask for additional documentation chang and you sent it and how many months later are we talking about five nine trader yeah you know here's here's the problem is the feds are much better at dealing with tax returns also during audits you're better off with the feds five months is and it's a wobble or i mean they should have but it's not unusual also you're dealing with the state franchise tax board which is the most brutal a tax authority on the planet while you're there for example there's no statute of limitations owing stay taxes here not so few old two thousand dollars estate state taxes and you don't pay it stays with you for ever and by the time you die if you haven't paid an off with the penalties and interest you are going to over eur state will old five point three million dollars right so they are me out.

tax returns america writer eur eight thousand dollars three million dollars two thousand dollars five months