Page 9 - Write Offs News Today

Well its corporate tax rates. we have corporations paying more taxes then anyone else on the face of the earth. really? after all the write offs and after they park billions of dollars off shore the tax rate is about 17%. go look at mitt romneys return. and then of course keystone at a time were trying to do something about climate change, we will have two year of denial with them owning the house and senate keystone probably going to get through, and we will probably bring in more oil to the ma...

First, we want you to like us and constantly express your unending gratitude. good job. we like you. youre welcome, nation. second, we just want the free market to be allowed to work. well, to work in our favor, that is. i know theres been some confusion about this. corporate subsidies, tax write-offs, thats part of insent vising us to do our thing in the free market. allowing people to unionize, thats a socialist front to our free market system. why am i talking to you anyway? i should do what ...

General to please communicate that we need your sense of what is the best guidance so we dont have this proliferation of organizations that are abusing of the nonprofit status at taxpayer expense because they get these write offs so we wont run into this situation again. i yield back the balance of my time. >> thank you, mr. chairman. mr. miller i have like about 15 minutes to question you but i only have five. im disappointed. im hearing i dont know. i dont remember. i dont recall. i dont belie...

To the u.s. >> meanwhile it is tax day. if you want to avoid an audit pay attention because where you live counts. alison kosik here with that. >> zip code matters. people actually, what? cheat on their taxes? oh, my goodness. heres whats interesting. it turns out that there are people in certain states that are more likely to cheat on their taxes so the irs is on to that and theyre more likely to pay close attention to those places. drumroll, please. according to the associated press. here are ...

Spending cuts if no deal is reached. but what would happen to home values, if certain tax benefits disappear? four are drastically cut. and carolyn, the financial analyst joins me right now with details. carolyn, always good to see youment what about this? how will this affect home owners if we go off this show called fiscal cliff? >> kelly, you know, at this point there is so much speculation around this fiscal cliff, and youre talking about the housing market. there is talk about what would ha...

Cuts. i want a sense from you when you say open to other ideas on revenues like closing loopholes and limiting deductions and write offs, the presidents folks say it will have to equal the revenue you would get from reverting back to the old rates. would you endorse limiting deductions and special allowances to the point they presumably raise the same amount of money you would get returning to the clinton rates? >>guest: depends where the spending reductions are. this is part revenue and part sp...

The tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil: you think they will have an incredible deal by t...

Hanging on the thread here that if he just limits rich folks deductions and write offs that will satisfy the president. the president seems to think, no, no, no, you have to hike rates that is the only thing that will work. >>guest: well, why have any real objection to what the president says. we did extremely well during the clinton era and i am a republican, died in the wool but i feel comfortable moving up our rates but with that has to come a significant reduction in entitlements and costs. ...

Its like im seeing the disaster playing out in slow motion. id love to be wrong, but i think we are sinking fast and we havent hit anything yet. we are steering a scary course. little more than five weeks away from thehip hitting the sail. republicans and democrats are doing it. maybe something is going on behind the scenes. im not seeing it. i am seeing a lot of iceberg. iceberg one, talking about the president not only sticking to his tax the rich, he is doubling down on it. insisting $1.6 tri...

In grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> thats what we dont know. hes promising that for one year he wont raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. th...