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What Trump Tax Plan? Key Senate Panel Has Not Even Seen It

zerohedge.com / by Tyler Durden / Apr 21, 2017 5:24 PM

RIP BAT – the Border Adjustment Tax, which was floated in November under a proposal from Paul Ryan and which met with fierce resistance, is effectively dead. According to Bloomberg, Trump’s “tremendous” tax plan to be revealed next week likely won’t include the […]

Watch Live: Trump Signs Executive Orders On Corporate Inversions and Dodd-Frank Regulations

zerohedge.com / by Tyler Durden / Apr 21, 2017

As pressure mounts on Trump to post some victories within the totally arbitrary window of the “First 100 Days” of his administration, the President just joined Treasury Secretary Steven Mnuchin to sign a combination of executive orders and memos targeting the reduction of tax […]

Stocks Jump As Trump Promises Plan For “Biggest Tax Cut Ever” Next Week (Again)

zerohedge.com / by Tyler Durden / Apr 21, 2017

It’s deja vu all over again…

*TRUMP SAYS HE WILL UNVEIL TAX PLAN NEXT WK: AP *TRUMP SAYS PLAN TO INCLUDE `MASSIVE’ CUT FOR COS., INDIVIDUALS

And the machines fell for it…

***

As AP reports, President Donald Trump says businesses and individuals will receive […]

Taxes Are Worse Than You Thought

mauldineconomics.com / JOHN MAULDIN / APRIL 21, 2017

“It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates.”

– John F. Kennedy (Yes, a Democratic president back […]

Toronto House Price Bubble Hit with 15% Foreign Buyers Tax. “Property Scalpers” & “Double Ending” Brokers Targeted

wolfstreet.com / by Wolf Richter • Apr 20, 2017

“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.

The government of the Province of Ontario announced a laundry list of measures to prick the crazy house price bubble in Toronto and surrounding areas. This includes […]

The Tax-Man Cometh

schiffgold.com / BY SCHIFFGOLD / APRIL 19, 2017

With April 15 falling on Easter weekend this year, tax day in the United States was moved to April 18. Although Americans got a few days reprieve, the tax-man inevitably made his annual appearance, and we are all poorer for it.

Even my non-political friends […]

44% Of Americans Won’t Pay Any Federal Income Tax

zerohedge.com / by Catey Hill via Moneyish.com / Apr 19, 2017 8:11 AM

Yesterday, April 18th was the deadline for filing your taxes

Many Americans discovered they don’t owe the government a dime.

More than four in 10 American households (44.3%) — or upwards of 76 million — didn’t pay any income tax to the […]

By the Time Stocks Digest This… They’ll Be at Least 10% Lower

gainspainscapital.com / Graham Summers / April 18, 2017

The market is finally waking up to what we’ve been telling our clients since February…

That Trump’s economic proposals, particularly his tax reform plan, would not be hitting in 2017.

This is not a political statement… the reality is that the math is not there… and […]

Don’t hold your breath for any comprehensive tax reform. But here’s something you can do now

sovereignman.com / Simon Black / April 18, 2017

On October 22, 1986, the world was an entirely different place.

The Soviet Union still loomed, as did the threat of nuclear annihilation.

Most people had no idea how to use a computer, let alone even heard of the “Internet” (which at the time was still […]

The Tax Man Is Every Company’s Customer

mises.org / Jeff Deist / April 18, 2017

Today is Tax Day in America. When April 15th happens to fall on a weekend, the IRS generously permits us to extend the filing ritual until the following Monday. But since Monday was a holiday in the District of Columbia known (without irony) as Emancipation Day, […]

India Outlawing Cash Altogether in 75 Cities

armstrongeconomics.com / by Martin Armstrong / Apr 17, 2017

Yhe Prime Minister Narendra Modi announced on Friday the 14th, that 75 cities will be designated cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat. Modi is determined to bring India into the 21st century. He is being cheered behind the curtain and […]

Danger: Federal Tax Revenue Growth Falls to 80-Month Low

mises.org / Ryan McMaken / April 14, 2017

A new report from the US Treasury Department shows that growth in federal receipts has fallen to the lowest level seen in 80 months, with the 12-month average falling 1.3 percent from March 2016 to March 2017.

The last time federal receipts fell as far was […]

Australian Tax Authorities on the Hunt

armstrongeconomics.com / by Martin Armstrong / Apr 12, 2017

The hunt for taxes has also been targeting international companies and arguing that the local operation in their country should pay more in taxes. One example is Rio Tinto (ASX, LON:RIO), the world’s second-biggest miner by market value. The Australian government handed them a A$447 […]

California Taxpayers Expected To Nearly Double Public Pension Contributions Over Next 5 Years

zerohedge.com / by Tyler Durden / Apr 10, 2017

The California Policy Center (CPC) has just updated it’s annual study on pension contributions required from local California municipalities and, to our complete ‘shock’, the conclusions are brutal for Cali taxpayers. Among other things, the study found that California taxpayers will be forced to […]

Trump Scraps “Phenomenal” Tax Plan, Goes Back To Drawing Board

zerohedge.com / by Tyler Durden / Apr 10, 2017

Remember when Trump promised in early February that he would unveil a “phenomenal” tax plan within two to three weeks? Well, it was just scrapped, because as AP reports, Trump has scrapped the tax plan he campaigned on and is going back to the […]

US Property Tax Comparison by State

armstrongeconomics.com / by Martin Armstrong / Apr 11, 2017

The latest report on tax comparisons within the USA has been released. A report from Attom Data shows just how nuts things are becoming with regard to taxes. Property taxes have become really insane in the North. The average annual property tax bill in Alabama […]

IRS COMMISSIONER ADMITS TAX CODE IS TOO CONFUSING: “I DO NOT DO MY OWN TAX RETURN”

thedailysheeple.com / DANIEL LANG / APRIL 10, 2017

Everyone knows that tax season sucks, and it’s not just because we have to fork over our hard-earned dollars to a wasteful government. To add insult to injury, our government has devised one of the most complicated tax codes in the world. Every year, most of […]

Bizarro World: Some Republicans Now Defending “Failing” ObamaCare

zerohedge.com / by Tyler Durden / Apr 9, 2017

For months now we’ve warned, as have many prominent Republican legislators, that Obamacare is on the verge of collapse (see “Obamacare On “Verge Of Collapse” As Premiums Set To Soar Again In 2017“).

It’s not that shocking really as the fundamental concept behind the legislation […]

Tax Authorities Still Hunting for More

armstrongeconomics.com / by Martin Armstrong / Apr 9, 2017

Credit Suisse was raided in the hunt for tax money all throughout Europe. They took out ads last Sunday in the Sunday Times, Sunday Telegraph and Observer in London, all saying that they were a “response to recent reports about tax probes in various European […]

Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead

zerohedge.com / by Tyler Durden / Apr 6, 2017

It was a one-two knockout punch for anyone still holding out hope that Trump’s domestic economic policies will take place in the near, or not even so near, future.

First, Rep. Patrick McHenry, a member of House Republican leadership, said on Wednesday afternoon that conservatives’ […]

Implementation Of Permanent Health Reform*

market-ticker.org / by Karl Denninger / 2017-04-04

Let’s talk about the implementation of my model bill that I recently posted to reform health care on a permanent basis.

It’s fairly easy to envision timelines based on complexity. Simply put, most of this isn’t complex because providers have price lists now — you just can’t see […]

Are 401K Holders About To Feel A Savers Pain?

zerohedge.com / by Mark St.Cyr / Apr 3, 2017

There’s an old truism people forget all too often. It has many variations and is attributed to even more, its core meaning goes something like this:

“If the government can give it to you, than it can also take it away.”

Some of […]

“A Lot Of News Over The Last 72 Hours But None Having A Dramatic Effect On Trading”

zerohedge.com / by Tyler Durden / Apr 3, 2017

For those just getting to their desks, here is a summary of what you missed in the overnight session, courtesy of JPM’s Adam Crisafulli

There was a lot of news and headlines over the last 72 hours but none of it is having a dramatic […]

GIBRALTAR: A Tax Haven, Not A Nation

21stcenturywire.com / BY NEWS ALERT / APRIL 2, 2017

21st Century Wire says…

Former Conservative leader Michael Howard has suggested that British Prime Minister Theresa May “would be prepared to go to war to protect Gibraltar as Margaret Thatcher once did for the Falklands”. His comments have been met with immediate criticism and […]

Governments Going Insane with New Ways to Tax People

armstrongeconomics.com / by Martin Armstrong / Mar 31, 2017

In Ireland, a reader has sent this gem in. The Communications Minister Denis Naughten is so proud of himself for changing the definition of a ‘television set’ to include your laptop in order to extend the TV license fee to be applied to computers, laptops, […]