111 results for search: accounting


Happy Tax Day?

In honor of Tax Day, the Washington Examiner has published a great piece with some numerical facts about the U.S. tax system. Here are just a few: 6.1 billion Nationwide, the number of hours spent filing individual and business income taxes, according to the Taxpayer Advocate Service $987 billion Upper estimate on the annual accounting and economic costs involved in tax filing, according to the Mercatus Center. The lower estimate is $215 billion a year 46 percent Portion of total federal revenue that comes from income taxes. Corporate income taxes are the next largest source, at 34% 26.4 Average number of hours spent preparing an ...

News Briefing for Wednesday, April 15

TEA PARTY PATRIOTS: Marco Rubio jumps into 2016 presidential race “…Jenny Beth Martin, co-founder of the Tea Party Patriots, hailed Rubio's announcement. "Marco Rubio's candidacy and the 2016 election are about the future, not the past," Martin said. "He knows firsthand that prosperity comes not from a government program but from free markets and the hard work done by millions of individuals and small business that still believe in the promise of the American Dream."…” http://www.floridatoday.com/story/news/local/2015/04/13/rubio-tells-donors-he-is-running-for-white-house/25707281/   Rubio vows to lead new 'American ...

News Briefing for Tuesday, April 7

TEA PARTY PATRIOTS: The GOP quandary: How far right without falling over the edge? “Tea party loyalists are still somewhat wary of Walker, though, because of past positions on immigration and government support for ethanol, a big issue in Iowa, site of the nation’s first caucus. In 2006, he said during his gubernatorial campaign that “we as conservatives should oppose” federal ethanol requirements. But at the Iowa Ag Summit this month, he said he was “willing to go forward” with federal standards. Tea Party Patriots president Jenny Beth Martin asked Walker why he switched his position. Walker said his position was consistent, ...

News Briefing for Wednesday, April 1, 2015

HEALTHCARE: CALPERS COULD OWE OBAMACARE $770 MILLION IN “CADILLAC TAX’ “California government entities and their unions are panicking because Obamacare’s punitive 40% “Cadillac Tax” beginning in 2018 will directly hit the low-deductible and broad-provider network type of “platinum” healthcare coverage that public employees have enjoyed under the California Public Employee Retirement System (CalPERS). With the Cadillac Tax estimated at $770 million, public employees face a radical change to “narrow networks” and up to 1,000 percent increase in annual healthcare deductibles. California public employee unions and CalPERS took a ...

News Briefing for Thursday, March 26

TEA PARTY PATRIOTS: The GOP quandary: How far right without falling over the edge? “…Wisconsin Gov. Scott Walker, who is at or near the top of most early polls among Republicans, likes to boast how he stuck to conservative principles to win statewide office three times in a centrist state. “To win the center, you don’t have to go to the center, you have to lead,” he said last week during a Tea Party Patriots telephone town hall. Tea party loyalists are still somewhat wary of Walker, though, because of past positions on immigration and government support for ethanol, a big issue in Iowa, site of the nation’s first caucus…” ht...

News Briefing for Tuesday, March 24

TEA PARTY PATRIOTS: Tea Party first to cheer Cruz bid (quote by Jenny Beth) “He's a leader of the Tea Party in Washington, so it's not a surprise that Tea Party leaders are heaping praise on Sen. Ted Cruz's presidential announcement today. Jenny Beth Martin, co-founder of Tea Party Patriots, was the first to embrace Cruz, noting his firm stands on conservative principles. "It's fitting that Sen. Ted Cruz is the first announced candidate in the GOP presidential field," Martin said in a statement. "In his two short years in the Senate, he has yielded to no one in championing the values of personal freedom, economic freedom and a debt-free ...

News Briefing for Monday, March 23

TEA PARTY PATRIOTS: Cruz to launch White House bid, will tea party go along? (Tea Party Patriots mentioned) “…While tea party leaders still like Cruz, they’re also looking elsewhere for 2016. Retired neurosurgeon Ben Carson, regarded as a new voice and a Washington outsider, has drawn a passionate following, particularly in Iowa. Former Arkansas Gov. Mike Huckabee, who won the 2008 Iowa caucus, retains a loyal conservative following. Walker so far has pulled ahead of everyone, and held a telephone town hall last week with followers of one group, the Tea Party Patriots. Afterward, the group said on its website “there is perhaps no one the ...

News Briefing for March 21

TEA PARTY PATRIOTS: Early line: 3-man race for 2016 GOP nomination “Much of who’s ahead and who’s not at this stage “is based on who’s known and who’s not known,” said Fergus Cullen, another former New Hampshire Republican chairman. Cullen hosted a reception at his home for Bush last week. What’s lacking in the top tier is a hardcore conservative or tea party favorite. Tea party loyalists are sympathetic to Walker, for example, but still have some doubts. At a Tea Party Patriots telephone town hall meeting this week, some questioned whether he has shifted his position on government help for ethanol over the years. Mike Huckabee, ...

News Briefing for Wednesday, March 18

TEA PARTY PATRIOTS: Scott Walker: I Will Run as a Conservative “…Later in his town hall remarks, Walker criticized the Obama administration's handling of foreign policy challenges posed by the Islamic State and expressed concern about the administration's handling of the Iranian nuclear threat. Walker also responded to a question from Tea Party Patriots President Jenny Beth Martin over his position on ethanol. Her question noted that while Walker had opposed a Wisconsin effort to mandate its use in midgrade gasoline, he recently said in Iowa that he would "go forward on continuing the [federal] Renewable Fuel Standard." Walker responded that ...

News Briefing for March 14

HEALTHCARE: Obamacare special enrollment for penalty payers a one-time deal, admin says “The Obama administration said Friday the special enrollment period that kicks off this weekend for uninsured Americans who missed Obamacare’s signup deadline and face a tax penalty will be a one-time deal, as the nation confronts the confluence of health care and tax season for the first time. Customers in 37 states can select a health plan on the federal HealthCare.gov exchange between Sunday and April 30 if they meet three conditions — they’re paying the “individual mandate” tax for lacking insurance in 2014, they learned about the penalty ...