Political Capital

Posts tagged: income taxes

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

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Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

Photograph by Andrew Harrer/Bloomberg

Richard Trumka, president of the AFL-CIO, during an interview in Washington, D.C., on March 11, 2014

U.S. CEOs Made 331 Times Average Worker, Says AFL-CIO

April 15 is known across America as a day of reckoning, when many workers must fork over unpaid taxes. AFL-CIO President Richard Trumka says that for corporate executives, tax day “represents making massive sums of money from the sacrifice of others.”...

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People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Photograph by John Moore/Getty Images

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Income Taxes May Mean Economy Hasn’t Taken Much of a Weather Hit

The weather has helped produce some pretty weak readings of economic activity — that much even Federal Reserve Chair Janet Yellen has admitted. Federal tax receipts, however, are showing a picture of stronger growth. Income and payroll tax collection data...

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Texas Gov. Rick Perry visits with fans prior to the start of the NASCAR Sprint Cup Series NRA 500 on April 13, 2013 in Fort Worth, Texas.

Photograph by Tom Pennington/Getty Images

Texas Gov. Rick Perry visits with fans prior to the start of the NASCAR Sprint Cup Series NRA 500 on April 13, 2013 in Fort Worth, Texas.

Texas to Chicago: Send Us Your Overtaxed, Underemployed Masses

Texas Gov. Rick Perry has  picked Chicago as his latest job-recruitment target, running print and Internet advertisements through a weekly business newspaper urging Illinois companies to move to the second-most populous state. In February, radio ads launched by Perry asked...

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Storage tanks stand near a Lufkin Industries Inc. Mark II Unitorque electric pumping unit as it removes crude oil from a Fidelity Exploration & Production Co. well outside South Heart, North Dakota.

Photograph by Daniel Acker/Bloomberg

Storage tanks stand near a Lufkin Industries Inc. Mark II Unitorque electric pumping unit as it removes crude oil from a Fidelity Exploration & Production Co. well outside South Heart, North Dakota.

State Tax Revenue Hit Record in 2012

Here’s more evidence the economy is coming back: State tax collections reached a record in 2012, totaling $794.6 billion. The tally breaks the previous mark of $779.7 billion set in 2008, the U.S. Census Bureau reported today. Many states attributed...

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Chris Christie, governor of New Jersey, left, and wife Mary Pat Foster during a walk through at the Republican National Convention (RNC) in Tampa.

Photograph by Andrew Harrer/Bloomberg

Chris Christie, governor of New Jersey, left, and wife Mary Pat Foster during a walk through at the Republican National Convention (RNC) in Tampa.

Chris Christie on His Tax Returns: `Three Words For You Fellas’

Gov. Chris Christie will be celebrating a 26th anniversary of a different sort this week when he releases his 2011 income tax returns: Wife Mary Pat will continue more than two decades of out-earning him. Yet don’t expect New Jersey’s...

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Homes in Pittsburgh, Pennsylvania.

Photograph by Bruce Bennett/Getty Images

Homes in Pittsburgh, Pennsylvania.

Fiscal Cliff: $3,446 per Household

American households are facing an average tax increase of $3,446 in 2013, if Congress doesn’t avert the so-called fiscal cliff, the nonpartisan Tax Policy Center said in a study released today in Washington. The top 1 percent of households face...

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