The policy is an economic "disaster." People and companies will "flee" Florida. The Sunshine State will turn into New York or California overnight. That's just some of the messaging Republicans and business groups have used to describe Andrew Gillum's proposed corporate tax increase. The Democratic nominee says he wants to raise the state tax rate from 5.5 percent to 7.75 percent in order to finance a $1 billion investment in education. (Part of that investment would also come from the legalization and taxation of recreational marijuana.) Gillum's campaign says the increase is a way to make sure large corporations are paying their "fair share" in the wake of the significant tax cut they received from the 2017 Tax Cuts and Jobs Act. So is Gillum's plan an economic catastrophe in the making or a way to level the playing field? According to tax policy experts, the reality is more nuanced than either explanation. Here are four questions you need answered about Andrew Gillum's corporate … [Read more...] about Four questions you need answered about Andrew Gillum’s corporate tax plan
Why form an s corporation
By Dan Haar Updated 5:34 am, Tuesday, May 1, 2018 Photo: Carol Kaliff / Carol Kaliff Image 1of/1 CaptionClose Image 1 of 1 The Connecticut State Capitol building in Hartford, Conn. Monday, June 3, 2013. The Connecticut State Capitol building in Hartford, Conn. Monday, June 3, 2013. Photo: Carol Kaliff / Carol Kaliff Dan Haar: Why the state’s huge tax windfall didn’t spell relief 1 / 1 Back to Gallery In the years-long effort to Make Connecticut Great Again, the message was clear Monday for anyone who was pumped up by the state’s $1.2 billion excess in tax collection for this year. That extra moola that came in over the winter and early spring, even without raising state tax rates, was real. And yes, the state gets to keep it — for emergencies only. In fact, it’s a little bigger than we … [Read more...] about Dan Haar: Why the state’s huge tax windfall didn’t spell relief
Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Monkey Cage Analysis Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by John Sides by John Sides Email the author April 12 at 6:00 AM Email the author The 1040 Individual Income Tax instruction books for the 2016 tax year. (Bloomberg) With tax day approaching, I discussed taxes with two scholars of the U.S. system — MIT’s Andrea Campbell and the Brookings Institution’s Vanessa Williamson. A lightly edited transcript follows. John: Andrea and Vanessa, thanks so much for chatting about taxes. … [Read more...] about Why the U.S. tax system is so complicated — but Americans are proud to pay taxes anyway
Steven Spielberg’s Ready Player One is competent, occasionally rousing entertainment that nonetheless left me a little bummed. Bummed that its premise — players enter a video game that favors competitors fluent in 1980s pop culture — means that top-level Hollywood talent has again been deployed to sate our apparently endless appetite for reconsuming stuff we enjoyed 30 years ago. Our jones for another Guardians of the Galaxy/’80s fix now makes a conscript of Spielberg, and for that matter Wes Anderson. How weird is it that talents as diverse and unique as Anderson and Spielberg would roll out movies rife with Atari references on virtually the same day? Or that scenes in Ready Player One involving references to John Hughes would so closely follow Love, Simon, a modern facsimile of a Hughes movie (scored by a band that was formed to create the sort of music that you might hear in Hughes movie). >> Read more: ‘Isle of … [Read more...] about ‘Ready Player One’: Why did Spielberg’s new blockbuster bum me out so much?
Gillian Reynolds Radio Critic 10 January 2018 • 7:00am Hats off to Carrie Gracie. If you’re going to take a stand, do it when and where it will make the most impact. The story of her resignation as the BBC’s China editor broke on Sunday night. I heard it on Radio 5 Live. On Monday morning she was co-presenting Radio 4’s Today, the BBC’s highest profile current affairs magazine where she wasn’t allowed to discuss it. But never before, and probably never again, will a presenter on a live news programme become its big story. And, don’t forget, this was a day when the Prime Minister was about to reshuffle her government. Gracie talked about it, live, a couple of hours later, on Radio 4’s Woman’s Hour, explaining why the BBC was not only wrong but possibly breaking employment law by paying her half as much as men in comparable jobs. Had the BBC tried to hush her completely it would have only made the story … [Read more...] about Why Carrie Gracie’s principled stand made the biggest headlines