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5 votes
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Square wants to be a bank but doesn’t want to be taxed like one
15 votes -
Walmart dodged up to $2.6 billion in US tax through a “fictitious” Chinese entity, former executive says
13 votes -
Sweden to introduce bank tax to help fund greater defense spending from 2022
8 votes -
Tourism is eating the world
8 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Distributional analysis of Andrew Yang’s Freedom Dividend
8 votes -
How Britain can help you get away with stealing millions: a five-step guide
7 votes -
Australian Government's $158b tax cuts pass Parliament, giving Coalition first win since election
5 votes -
America needs to see Amazon’s tax returns
11 votes -
Disney heiress calls for wealth tax: 'We have to draw a line'
10 votes -
Japan's hometown tax (ふるさと納税 furusato nōzei)
10 votes -
TurboTax uses a “military discount” to trick US troops into paying to file their taxes
12 votes -
New York regulator launches investigation into TurboTax maker Intuit and H&R Block
6 votes -
Why the US government makes filing your taxes intentionally difficult
16 votes -
Amazon will pay a whopping $0 in Federal taxes on $11.2 billion profits
9 votes -
Americans asking, 'What happened to my refund?'
29 votes -
‘It feels like I’m at a firefighters conference and no one’s allowed to speak about water.’ — This historian wasn’t afraid to confront the billionaires at Davos about their greed
@nowthisnews: 'It feels like I'm at a firefighters conference and no one's allowed to speak about water.' - This historian wasn't afraid to confront the billionaires at Davos about their greed https://t.co/TiXSJZd89M
22 votes -
With Alexandria Ocasio-Cortez, Americans finally have a politician who agrees with them about taxes
24 votes -
Ocasio-Cortez’s seventy percent top tax rate is a moderate, evidence-based policy
23 votes -
Economic Policy Institute: Top charts of 2018
6 votes -
How the IRS was gutted
15 votes -
Kenyatta orders lifestyle audit on high net worth individuals over low tax remittances
5 votes -
Nearly forty-eight million calls to Centrelink went unanswered last year as the agency failed again to meet its customer satisfaction targets
4 votes -
The CumEx Files - A cross-border investigation - How Europe's taxpayers have been swindled of €55 billion
8 votes -
Where in the world is Denmark’s $2 billion?
12 votes -
As VF Corp. moves its HQ to downtown Denver, CEO vows to repay $27 million in tax incentives with donations
5 votes -
Colorado could raise property tax rates for short-term rentals like Airbnb
5 votes -
Litigation gone digital: Ottawa experiments with artificial intelligence in tax cases
4 votes -
Most CRA auditors polled say Canada's tax system is skewed to protect the wealthy
8 votes -
Canada doesn’t have an inheritance tax. For the sake of democracy, that needs to change.
23 votes -
Donald Trump administration eyes US capital gains tax cut
9 votes -
Auditors: 30M taxpayers will owe more due to low withholding
11 votes -
An unlikely group of billionaires and politicians has created the most unbelievable tax break ever
13 votes -
Trump’s tax cut hasn’t done anything for workers
9 votes -
How to introduce a Land Value Tax tactfully
3 votes -
Debunking UBI funding schemes
10 votes -
GST overhaul promises $9 billion federal injection to level playing field
1 vote -
'We need more time': Malcolm Turnbull government concedes defeat on Australian company tax cuts
3 votes -
Supreme Court rules states can force online retailers to collect sales tax
14 votes -
Senate passes sweeping income tax cut plan
4 votes -
Labor confirms it will oppose 'irresponsible' ten-year Australian tax package
1 vote -
Homeowners opposed to the NDP school-tax surcharge once again held a rally before a housing town hall organized by Vancouver-Point Grey MLA David Eby on Monday.
4 votes -
Revealed: Malcolm Turnbull government's full income tax cuts to cost Australia $24 billion a year
5 votes