Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Stephanie Saul New York Times April 29, 2019 AKRON, Ohio — Colin Robertson wonders why he pays federal taxes on the $18,000 a year he makes cleaning carpets, while the tech giant Amazon got a tax rebate.His concerns about a tilted economic playing field recently led Robertson to join the Akron chapter of the Democratic Socialists of America. At a gathering this month, as members discussed Karl Marx and corporate greed over chocolate chip cookies, it was not long before talk turned to income inequality and how the government helps the wealthy avoid taxes.“One of the benefits of taxation is taking it and using it for the collective good,” said Robertson, 25, comparing his minimal income to the roughly $150 billion net worth of Jeff Bezos, Amazon’s chief executive and the world’s richest person. Advertisement “He could be … [Read more...] about Profitable giants like Amazon pay $0 in corporate taxes, and some voters are sick of it
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Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It. Advertisement Supported by ByStephanie Saul and Patricia Cohen April 29, 2019 AKRON, Ohio — Colin Robertson wonders why he pays federal taxes on the $18,000 a year he makes cleaning carpets, while the tech giant Amazon got a tax rebate. His concerns about a tilted economic playing field recently led Mr. Robertson to join the Akron chapter of the Democratic Socialists of America. At a gathering this month, as members discussed Karl Marx and corporate greed over chocolate chip cookies, it wasn’t long before talk turned to income inequality and how the government helps the wealthy avoid taxes. “One of the benefits of taxation is taking it and using it for the collective good,” said Mr. … [Read more...] about Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.
NEW YORK — The plea deal reached by Donald Trump's former attorney Michael Cohen has laid bare a relationship between the president and the publisher of the National Enquirer that goes well beyond the tabloid's screaming headlines.Besides detailing the tabloid's involvement in payoffs to porn star Stormy Daniels and Playboy Playmate Karen McDougal to keep quiet about alleged affairs with Trump, court papers showed how David Pecker, a longtime friend of the president and head of Enquirer parent company American Media Inc., offered to help Trump stave off negative stories during the 2016 campaign. Court papers say that Pecker "offered to help deal with negative stories about (Trump's) relationships with women by, among other things, assisting the campaign in identifying such stories so they could be purchased and their publication avoided."The accusations threaten Pecker's company, American Media Inc., both legally and in the court of public opinion.The relationship between Trump … [Read more...] about Elizabeth Warren posts 10 years of her tax returns online
Jamie McGee Nashville Tennessean Published 6:43 p.m. UTC Aug 6, 2018 The Tax Cuts and Jobs Act was celebrated by Republicans last year as a measure that would usher in new economic growth, business expansions, more jobs and wage increases long held back by the high tax rates levied on U.S. businesses. The corporate tax rate dropped to about 21 percent from 35 percent, a significant decrease that saved many Tennessee companies millions — or hundreds of millions of dollars. So where has the money gone? Many companies won't say or are scant on specifics. Several publicly traded companies in Tennessee have issued press releases announcing bonuses or minimum wage increases, but few have offered details on the size and scope of those raises. Meanwhile, privately held companies in Tennessee have been reticent to share any of their spending strategies. "We know what particular companies want us to know about their economic behavior," said Matt … [Read more...] about Where are the corporate tax cut savings going?
By KEVIN LANDRIGANNew Hampshire Union Leader July 26. 2018 11:09PM CONCORD — The road forward politically is uncertain, legislative leaders and State House insiders said Thursday — a day after the collapse of the bipartisan effort to respond to the U.S. Supreme Court decision that lets all states collect their sales taxes through online purchases.On Wednesday, the Republican-led House of Representatives narrowly voted to gut the work of a task force and instead leave only a study commission on the issue. In response, the state Senate refused to accept the small part of the bill that was left, bringing an end to the special session with no results to show for it.House Speaker Gene Chandler, R-Bartlett, pushed back Thursday at critics who suggested that the failed solution had been rushed through.“There was more transparency on this bill than any bill I had ever seen in the Legislature,” Chandler said.He released a 13-page timeline on the issue that listed the … [Read more...] about NH’s road uncertain when it comes to internet sales tax