Tag: taxes

Host Joe Selvaggi talks with Stanford University Economics Professor Joshua Rauh about his research on the reaction of Californians to a tax increase, from his report, “The Behavioral Response to State Income Taxation of High Earners, Evidence from California.” Prof. Rauh shares how his research offers tax policy makers insight into the likely effects of similar increases in their own states, including here in Massachusetts.

Guest:

Julio Gonzales, CEO of Engineered Tax Services and national tax expert who helped advise on the 2017 Tax Cuts and Jobs Act joins Carol Roth to discuss the fallout on small business and the economy from 2020 and what to expect under a Biden administration. Julio and Carol also discuss some surprise places where individuals and business owners can turn for financial assistance, and the importance of advocating for yourself with your elected officials. 

Plus, a “Now You Know” on an underused tax break.

Member Post

 

2020 was a bad year for California, and worse if you were a resident of the state. California initiated a lockdown due to Covid-19 on March 20, 2020. At the time, Field Marshall Gavin said “…We project that roughly 56% of our state’s population — 25.5 million people will be infected with the virus over […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Recommended by Ricochet Members Created with Sketch. The COVID Relief Bill Contains What?!

 

“We have to pass the bill,” she said, “so that you can find out what is in it — away from the fog of the controversy.” Nancy Pelosi on the Affordable Care Act, March 2017. Apparently, they’re still doing it, except there’s still fog and controversy.

Do you know what is in this bill? In case anyone in government is wondering why Americans are so angry and disjointed, why our politics are so far apart, you need go no further than the latest tax-payer debacle that’s called the 2.5 Trillion Dollar Covid Relief Bill. Why are these huge spending bills always rushed through, in the dead of night, or over a holiday week? The almost 6,000-page bill was passed along for a vote that left most unable to fully read it.

Join Jim and Greg as they fume over the obscene process by which Congress shoveled a lot of wasteful spending into the combined omnibus and COVID relief spending bill that will do some good for small businesses. But while disgusted with the process, they are excited about the doubled tax deduction for three martini lunches! And they address comments from Die Hard director John McTiernan that the film is anti-capitalist, but they just might veer off into other aspects of this cinematic masterpiece.

Join Jim and Greg as they discuss confirmation that a federal prosecutor is investigating Hunter Biden on tax issues, his foreign ties, and possible money laundering. They also sigh at the revelations of China’s efforts to infiltrate the inner circles of politicians supposedly on the rise, and how easily multiple figures seem to have fallen for it. And they react to reports that Sen. Dianne Feinstein is suffering from cognitive decline but find the timing awfully convenient for the far left.

Contributor Post Created with Sketch. Arizona Voters Pass Billion-Dollar Tax Hike; Lawyers Say ‘Not so Fast’

 

Arizona has been a welcoming environment for voter-led initiatives. If you produced enough signatures, you could get damn near anything on the ballot. The statehouse tightened up the requirements after 2006, which featured 19 propositions — some of which contradicted each other.

This year, there were only two: legalizing weed and hiking taxes on the wealthy for education. (This, after the state increased teacher pay by a whopping 20 percent.) Both measures passed but in Arizona, that just means the lawsuits begin.

First out of the gate is the Goldwater Institute, a limited-government nonprofit with a strong track record of holding tax-and-spenders’ feet to the fire. They’re taking on the education tax hikes … because they are utterly unconstitutional.

Contributor Post Created with Sketch. Arizona Voters Foolishly Choose New Taxes

 

Arizona voters have some serious ‘splaining to do about the passage of Prop. 208, which raised education funds by boosting income tax rates up to 98% for high-income filers. How could this have happened?

Arizona schools have already received over $1 billion in new sustainable monies over recent years, with more coming. More importantly, Arizona public schools, without receiving much credit, have become a remarkable success story.

Academic achievement gains for minority students are among the highest in the nation. Arizona charter schools excel in competitive rankings.

Join Jim and Greg as they discuss Senate Democrats unloading on Minority Leader Chuck Schumer over Democrats failing to win several highly targeted seats this year. Is his job safe? They also unload on Joe Biden’s plan to tax gun owners $34 billion and ban some of the most popular rifles and magazines on the market. And they dissect New York Gov. Andrew Cuomo melting down over COVID, schools, and law enforcement officers refusing to endorse his absurd policy on Thanksgiving gatherings.

James Rickards, Editor of Strategic Intelligence, a financial newsletter and New York Times bestselling author joins Carol Roth to discuss the various reasons why different companies pay no federal income taxes, what the New York Times got wrong with the “exposé” on President Trump’s taxes and how you can reduce your own tax burden. Plus, a discussion on the Fed, the money supply and inflation. 

Plus, a “Now You Know” segment on gold. 

Join Jim and Greg as they cheer President Trump’s selection of Judge Amy Coney Barrett for the U.S. Supreme Court. They also dig into the New York Times story on Trump’s taxes and discuss what might be damaging and what’s just noise. And they discuss the spectrum of attacks Democrats and their media allies are aiming at Judge Barrett – from Obamacare scares to bashing her for being a working mom to why adopting kids from Haiti is somehow troubling.

Join Jim and Greg as they get a kick out of New York Democrat Rep. Max Rose posting a six-second ad just to bash deeply unpopular Mayor Bill de Blasio and hope it means Rep. Rose is feeling nervous. They also wade into the supposedly explosive revelations about President Trump’s coronavirus approach in Bob Woodward’s new book. And they fume as our tax dollars help pay for an event calling for an end to capitalism and even the United States itself.

Join Jim and Greg as they discuss how the campaign is about to pivot from speculating about Joe Biden’s choice of running mate to dreading that person becoming president if Biden wins in November. They also highlight Kentucky Democratic Senate hopeful Amy McGrath’s habit of forgetting to pay taxes. And they have more than a few questions as Russia claims to have the first coronavirus vaccine.

Member Post

 

I’ve often said property tax is evil. Okay, it doesn’t go around killing people, but in practice it results in two things: Anyone who owns real property has a perpetual government lien against them. Failure to pay can result in an actual lien placed on private property by the government and due if you try […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

It’s all crazy again today! Join Jim and Greg as they slam Ventura County, California, for telling residents they won’t be allowed to stay home if they test positive for COVID and share a single bathroom with anyone not infected. They also hammer Joe Biden for proclaiming his innocence in the Tara Reade allegations but also vowing to deny due process to college students accused of sexual assault. And they throw up their hands as New York Gov. Andrew Cuomo says doctors and nurses who flocked to New York to help save lives will have to pay taxes for the time they were in the state.

Join Jim and Greg as they tackle a wide variety of martinis today. First, they are gratified to see a sexual predator like Harvey Weinstein headed to prison for rape and sexual assault although they’re disappointed to see him acquitted on the most serious charges. They also cringe as the spread of coronavirus in South Korea, China, and Italy send global markets sharply lower. And they shake their heads as they walk through all the massive tax hikes Bernie Sanders wants to inflict in order to pay for has laundry list of new entitlement programs. And they preview what should be a feisty debate among the Democrats in South Carolina tonight.

It’s New Hampshire primary day! Get prepared with your Tuesday installment of the Three Martini Lunch. Join Jim and Greg as they applaud Supreme Court Justice Ruth Bader Ginsburg for telling her fellow supporters of the Equal Rights Amendment that the effort died in 1982 and they need to start over again if they want to see it succeed. They also cringe as CNBC reminds us that Bernie Sanders would more than double federal spending every year due to his big government plans for health care, education, climate change and more. Meanwhile, Jim discusses the calculation from many on the right calculation that a Sanders nomination means an easy win for President Trump. And they roll their eyes as Tom Steyer tries to one-up the Democratic field by calling for a $22-per-hour minimum wage.

Recommended by Ricochet Members Created with Sketch. Envy and Entitlement: The Immorality of Socialism

 

“I want these billionaires to stop being freeloaders,” demands Elizabeth Warren during an interview with CNBC.

“This extraordinary, unprecedented concentration of wealth and power and privilege must be broken apart,” says the former Texas congressman, Beto O’Rourke, to a cheering audience at his first presidential rally, “and opportunity must be shared with all.”