Tax numbers Feed

Fathers Day Happy Fathers Day GIF from Fathersday GIFs Happiest of days to all the dads out there. And thank you Sonora Dodd. Dodd was raised by her father after her mother's death during childbirth. While listening to a sermon at church on Mother's Day, Dodd thought about all her father had done for her and her siblings and decided fathers should have a day, too. Because Dodd's father was born in June, she encouraged churches in Spokane, Washington, where she was living, to honor fathers that month. The first Father's Day was celebrated in Spokane in on June 19,... Read more →


Donald J. Trump arrived in Quebec for the G-7 meeting with some controversial ideas (notably, letting Russia back in the club) and he left the international meeting the same way. Tweeting from Air Force One as he headed to Singapore to meet with North Korea's Kim Jung Un, Trump gave notice he's ready to escalate trade disagreements with Canada by imposing automobile tariffs. The initial reaction has been what such a move could actually mean to the U.S. automotive industry. Tax cut tariff costs: But auto tariffs also could undermine any gains from the TCJA, according to a Washington, D.C.-based... Read more →


In preparation for the summer cookout season, the hubby and I have been sprucing up our patio. The biggest job, aside from cleaning the thick layer of pollen off the outdoor dining table (yes, the hubby is appalled I'm showing that in the above photo), is replacing our almost 20-year-old patio furniture cushions. We tried buying replacements at local outdoor stores. Then we went to a couple of big box chains. Finally, we found what we wanted at a reasonable price in one of the many gardening/outdoor living catalogs that fill up our snail mail box. So we ordered them... Read more →


A sampling of some of my favorite beers. Yes, this photo is a few years old (note the 2011 Christmas brew label), but rest assured, I regularly restock the refrigerator. Across much of the United States this Memorial Day weekend Sunday it's hot. Very hot. We're pushing 100 here in Austin. That's why many beverages will be consumed by folks out today at beaches, picnics and sporting events. Tax collectors thank you for your thirst, especially if you're slaking it with a cold brewski. Beer tax tallies: Beer drinkers annually make a $5.3 billion excise tax payment to state and... Read more →


California has the highest gas tax in the United States. Opponents are hoping to repeal it via a ballot measure this November. I filled up my mid-sized Chevy sedan's tank this morning, something I do every two weeks or so. I was stunned to see my local gas station, which usually sells gas at the lower end of the prevailing price scale, had regular unleaded going for $2.63 a gallon. That's a more than 50-cent hike from my previous tank top-off in April. It also put the Austin area (or at least my neighborhood) closer than it's been for a... Read more →


Lava slowly flows from a fissure that opened on a Leilani Estates street on May 5, 2018, after Hawaii's Kilauea volcano erupted. (United States Geological Survey public domain photo via Wikimedia Commons) The United States' 50th state is home to many extraordinary things. Exotic flowers. Magical beaches. Unique birds. An active volcano. It's that last thing that's got folks worried right now. Hawaii's Kilauea volcano erupted Thursday, May 3, accompanied by dozens of earthquakes, the release of dangerous sulfur dioxide and lava flows. The 6.9 magnitude Kilauea-associated earthquake that shook the Big Island on May 4 was the most powerful... Read more →


May 4. That's the day the Ways and Means Oversight Subcommittee wants the Internal Revenue Service to explain exactly what happened on this year's Tax Day. If you were a last-minute filer, especially one trying to pay your 2017 tax bill, you remember the hassle on April 17 when the IRS experienced a spectacularly ill-timed systems crash. That day, one of the busiest of the year for the IRS, one of the agency's core systems in West Virginia failed. Unfortunately for the IRS and millions of tax-owing filers, it was the system that powered the IRS' Direct Pay and Payment... Read more →


While millions of U.S. taxpayers were focusing last week on 2017 tax returns, a tax benchmark slipped past us. Tax Freedom Day 2018 arrived on April 19, a day after this year's revised Tax Day filing deadline and 109 days into the year. This day, according to the Washington, D.C.-based tax policy group The Tax Foundation, represents how long Americans as a whole have to work in order to pay the nation's tax burden. The nonprofit takes all federal, state, and local taxes and divides them by the nation’s income. The Tax Foundation has been making the annual calculations since... Read more →


Source: CafePress tax jigsaw puzzle Still trying to put the pieces of your Form 1040 (or 1040A or even 1040EZ) together? Time's running out. Tax Day is almost here. Since the tax filing deadline is April 17 this year, here are 17 tax tips. Not only do they earn this week's By the Numbers honor, some could help you put together a return to send to Uncle Sam on time and at the least possible tax cost to you. 1. File on time. Yes, this first tip is obvious, but a lot of people let the filing date slip by... Read more →


New York magazine's Nov. 13-26, 2017, cover featured Cardi B. Click to see full image. (Photograph by Hassan Hajjaj) Things have been going great for Bronx-born rapper Cardi B. She was the musical guest on last night's Saturday Night Live, hosted by "Black Panther" star Chadwick Boseman. It seems a New York magazine cover last November got it right when it proclaimed she was made to be this famous. On her way to membership in music and pop culture's top echelon, Cardi B's career has covered an astoundingly wide spectrum. After losing her job as a teenage employee at an... Read more →


Employers were supposed to have new withholding tables in place by mid-February to reflect the Tax Cuts and Jobs Act income tax rate changes. Treasury Secretary Steven Mnuchin said once those payroll changes were in place, 90 percent of workers would see bigger paychecks thanks to the GOP tax bill. Mnuchin might want to rethink his prediction. A CNBC survey conducted March 17-20 of 800 Americans, 60 percent of whom were working, found that 52 percent of the employed haven't seen a change in their paychecks. In fact, just 32 percent of the working adults that CNBC talked to said... Read more →


Before departing D.C. last week for their version of spring break, Representatives and Senators, some grudgingly, approved a $1.3 trillion omnibus spending bill to keep the federal government operating through September. Donald J. Trump signed the bill, which is massive by both dollar and legislative length (the bill ran 2,232 pages long) measurements, but not before injecting some reality show drama into the mix by threatening a veto. Both the $1.3 trillion outlay and 2,232 pages are huge, but since I have to pick one as this week's By the Numbers figure, I'm going with the dollar amount. Now, about... Read more →


Internet shopping is now the preferred purchasing method for millions. Just ask Toys R Us, which has blamed its decision to shutter its operations largely on losses to remote sellers. But the taxation of products bought online is still a mish-mash of state laws. That could change in a few months depending on what the Supreme Court of the United States (SCOTUS) decides in a high-profile remote sales tax case. The oral arguments in the case, South Dakota vs. Wayfair, are set for April 17, which just happens to be this year's federal tax return filing deadline. SCOTUS' decision is... Read more →


Many of us used to spend Saturday afternoons at the movies. Streaming and on demand options have cut into those ticket sales, but Oscar nominations and wins still boost ticket sales and the taxes collected on those admission slips. (Photo from Keith Page archives via Kevin Dooley on Flickr) It's an honor to win an Oscar. Or, according to those who don't, just to be nominated. It's also usually provides films an economic boost, even before the statuettes are handed out. And that could also help out those states, like Texas, that collect sales tax on movie theater tickets. Nominations... Read more →


Warren Buffett, chairman of Berkshire Hathaway, meets with President Barack Obama in the Oval Office. Did this July 18, 2011, conversation lead to Obama's proposed Buffett Rule, a surtax on millionaires? (Official White House Photo by Pete Souza) If you were wise or lucky enough to get a piece of Berkshire Hathaway, company chairman Warren Buffett has some good news for you. Berkshire's gain in net worth last year was $65.3 billion. And while the Oracle of Omaha deserves kudos for many things, Buffett says the real thanks regarding Berkshire Hathaway's recent financial uptick should go to the Republicans. Specifically,... Read more →


Most taxpayers now are focusing on completing their annual tax returns. But if we have to deal with the Internal Revenue Service to finish that Form 1040, or if the agency subsequently has some questions about it, Uncle Sam's tax collector wants us to know we have some inalienable tax rights. The 10 components of Taxpayer Bill of Rights (TBOR) are this week's By the Numbers figure. Here they are: 1. The Right to Be Informed: Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of... Read more →


Elmer Irey headed the Internal Revenue Bureau's Intelligence Unit in the 1930s. It was under Irey's direction that evidence was gathered leading to the conviction of Al Capone for failure to pay his income tax. Read more about Irey and Capone at The Mob Museum. I'm a big sports fan. But sometimes I need a break. So in my channel flipping today to find something other than the Olympics, soccer/futbol, NHL hockey and part 1 of NASCAR's 83-step Daytona 500 qualifying process, I ran across one of my favorite movies, "The Untouchables." I'm talking the 2007 version, with Kevin Costner... Read more →


Throwing a Super Bowl Party? Gunaxin has some tips to help you make it the best party ever, regardless of which team wins. Are you hosting a Super Bowl party tomorrow? If your NFL championship game is typical — and I'm talking expense-wise, not your exemplar hosting abilities! — then you'll probably spend more than 200 bucks. That's what 1,000 folks recently surveyed by LendEDU, an online marketplace for student loan refinancing, said they planned to spend. The precise amount, according the results of the online inquiry conducted by Pollfish, was $207.16. That amount is this week's By the Numbers... Read more →


Photo courtesy Mike via Flickr CC Even though the federal government is shut down, one thing U.S. travelers heading overseas don't have to worry about is getting a passport. The U.S. Department of State says it will continue to issue the blue-bound international travel documents. It has that option since passport services are funded by fees, meaning they essentially pay for themselves and don't rely solely on funds authorized by Congress. But if you're a world traveler who owes back taxes, you could be stuck here at home. The hold comes not from State, but from the Internal Revenue Service.... Read more →


A collection of Enigma machines and paraphernalia on display at the U.S. National Cryptologic Museum. New York tax officials seized and sold one Enigma owned by "Pharma Bro" Martin Shkreli to cover his unpaid state taxes. (Photographs courtesy Robert Malmgren via en:User:Matt Crypto/Wikipedia) It's no mystery why folks intentionally skirt tax laws. They don't want to pay. New York, however, has managed to get back some of the taxes that officials say former hedge fund manager Martin Shkreli failed to pay the Empire State. New York state tax officials seized a rare Nazi Enigma encryption machine and three historical documents... Read more →