The cable bill was the last straw, says Kristin Tate. "That's the one that really made me mad." Comcast included $36 in charges for mysterious things like "utility tax" and "government access fee." That motivated her to research obscure taxes and put what she learned in a new book, "How Do I Tax Thee? A Field Guide to the Great American Rip-Off." Rip-off? Even limited government needs some taxes to fund basic functions. "Yes," says Tate. "But politicians are cowards. Instead of creating a tax, they magically create these little fees (so) they don't have to tell their voters they raised taxes." Voters don't often notice the sneaky taxes. Yesterday was "Tax Day." It was April 17 this year because April 15 fell on Sunday and Monday was Emancipation Day. But by calling April 17 "Tax Day," the media miss the big picture. Income taxes make up less than half the tax most of us pay. We also must pay payroll tax, corporate tax, gift tax, gambling tax, federal unemployment tax, gas tax, cable and telecom taxes, plane ticket tax, FCC subscriber line charges, car documentation fees, liquor and cigarette taxes, etc. People can't keep track. For my latest YouTube video, Tate asked people, "What's your tax rate?" Tourists in Times Square said that they thought they paid about 20%. But they left off the hotel taxes, airline taxes, etc., that push Americans' total tax load to almost 50%. When you pay those hidden taxes, you may assume they go toward useful things, but Tate knows her taxes pay for government waste. Politicians suggest their extra taxes go, not to fund those big salaries and "pensions to-die-for," but to pay for the specific services for which the taxes are named. Tate says that's rarely true. "Cable bills and cellphone bills both have an 'Enhanced 911 Fee.' Consumers were told 911 fees were necessary to make upgrades to emergency communication needs. (But) after it was updated, instead of taking away the tax, it just stayed there."...MORE
Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts
Tuesday, May 01, 2018
The Incredibly High Cost Of Hidden Taxes
The cable bill was the last straw, says Kristin Tate. "That's the one that really made me mad." Comcast included $36 in charges for mysterious things like "utility tax" and "government access fee." That motivated her to research obscure taxes and put what she learned in a new book, "How Do I Tax Thee? A Field Guide to the Great American Rip-Off." Rip-off? Even limited government needs some taxes to fund basic functions. "Yes," says Tate. "But politicians are cowards. Instead of creating a tax, they magically create these little fees (so) they don't have to tell their voters they raised taxes." Voters don't often notice the sneaky taxes. Yesterday was "Tax Day." It was April 17 this year because April 15 fell on Sunday and Monday was Emancipation Day. But by calling April 17 "Tax Day," the media miss the big picture. Income taxes make up less than half the tax most of us pay. We also must pay payroll tax, corporate tax, gift tax, gambling tax, federal unemployment tax, gas tax, cable and telecom taxes, plane ticket tax, FCC subscriber line charges, car documentation fees, liquor and cigarette taxes, etc. People can't keep track. For my latest YouTube video, Tate asked people, "What's your tax rate?" Tourists in Times Square said that they thought they paid about 20%. But they left off the hotel taxes, airline taxes, etc., that push Americans' total tax load to almost 50%. When you pay those hidden taxes, you may assume they go toward useful things, but Tate knows her taxes pay for government waste. Politicians suggest their extra taxes go, not to fund those big salaries and "pensions to-die-for," but to pay for the specific services for which the taxes are named. Tate says that's rarely true. "Cable bills and cellphone bills both have an 'Enhanced 911 Fee.' Consumers were told 911 fees were necessary to make upgrades to emergency communication needs. (But) after it was updated, instead of taking away the tax, it just stayed there."...MORE
Tuesday, October 24, 2017
Farmers and ranchers wary of Republican tax cut plan
Republican tax reform plans risk falling foul of one of the most politically influential constituencies in the US as agriculture lobbyists warn that some in their sector could end up paying higher taxes because of the overhaul.
In their drive to lower tax rates and simplify the system, the Trump administration and lawmakers are considering the elimination of a range of items businesses can deduct from their tax bills. Agriculture lobbyists are ramping up meetings on Capitol Hill to ensure their sector does not lose tax breaks that they say are critical to keeping the sector profitable.
The reforms will result in a cut in the corporate tax rate from 35 per cent to 20 per cent, the simplification of the individual system, and the rate for unincorporated businesses called “pass-throughs” lowered to 25 per cent.
Patricia Wolff, senior director for congressional relations at the American Farm Bureau Federation, said many farmers already pay an effective tax rate of below 20 per cent, meaning they are watching closely to ensure they do not end up paying higher taxes as a range of taxt deductions are scrapped.
Among a number of issues for farmers are possible limits on their abilita to deduct interest against tax bills, and the fate of a tax break intended to support domestic production in the US...more
Thursday, October 14, 2010
Final Tally: Obama and the 111th Congress Enacted $352 Billion in Net Tax Hikes
I wasn't surprised to see that most tax hikes were permanent and most tax cuts were temporary, with hikes out numbering cuts 7 to 1.
Figures were compiled by Americans for Tax Reform and you can see their table displaying each tax item by going here.
Figures were compiled by Americans for Tax Reform and you can see their table displaying each tax item by going here.
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