taxes

Donkey Hotey/Flickr

Errors in some software, including TurboTax, could result in Vermont charging interest and penalties if taxpayers don't file amended returns by June 30.

  Runaway inequality is now America’s most critical economic fact of life. In 1970, the ratio of pay between the top 100 CEOs and the average worker was 45 to 1. Today it is a shocking 829 to one! During that time a new economic philosophy set in that cut taxes, deregulated finance, and trimmed social spending. Those policies set in motion a process that greatly expanded the power of financial interests to accelerate inequality. But how exactly does that happen?

In Runaway Inequality, Les Leopold explains the process by which corporation after corporation falls victim to systematic wealth extraction by banks, private equity firms, and hedge funds. It reveals how financial strip-mining puts enormous downward pressure on jobs, wages, benefits, and working conditions, while boosting the incomes of financial elites.

Calita Kabir/Flickr

Tax officials in New York state say they have stopped nearly 240,000 false tax refunds worth $400 million this tax season.

Officials in Vermont towns along the Deerfield and Connecticut rivers are worrying about what would happen to local tax revenues if power dams are purchased by the state of Vermont.

Donkey Hotey/Flickr

The state of Vermont had an unexpected, if temporary, $16.3 million windfall in February, mostly due to a delay in issuing income tax refunds due to concerns about fraud.

  Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Why have protections for employees been decimated? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers?

The conventional answer is that a popular uprising against “big government” led to the ascendancy of a broad-based conservative movement. But Jane Mayer shows in her book, Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right, a network of exceedingly wealthy people with extreme libertarian views bankrolled a systematic, step-by-step plan to fundamentally alter the American political system.

At this season in which charity is high on our agenda, I’d like to address some economic issues. I recently spoke with you about what the oligarchs are doing to American democracy. This time I’d like to talk with you about is happening to our jobs and wages. Jobs have recovered slowly from the 2008 crash; wages have flatlined for a decade. Candidates should be talking about jobs and wages.

1/19/15 Panel

Jan 19, 2015

  The Roundtable Panel: a daily open discussion of issues in the news and beyond.

Today's panelists are WAMC’s Alan Chartock, NYPIRG’s Legislative Director Blair Horner and WAMC newsman, Ray Graf.

Topics include U.S. Lawmakers in Cuba, Panetta on Paris Attacks, Supreme Court to Decide Marriage Rights for Gay Couples, Obama Seeks to Raise Taxes on Wealthy.

Pixabay

Vermont Tax Commissioner Mary Peterson says that if the state collected all the delinquent taxes owed by the top 100 individuals and business tax debtors it would add $25 million to state coffers.

9/23/14 Panel

Sep 23, 2014

  Today's panelists are WAMC’s Alan Chartock, Times Union Associate Editor Mike Spain & Albany Journalism Professor and Investigative Reporter, Rosemary Armao.

Topics include:
Airstrikes
WH Intruder
Afghan Officers - Canada Border
Companies Tax Dodge
Religion in Politics Poll

Donkey Hotey/Flickr

Under a new law, the Vermont Department of Taxes will start issuing lists by the end of the year of 100 individual taxpayers and 100 business taxpayers with the highest amounts of unpaid tax debt.

When the Bush Administration took us to war in Iraq and Afghanistan, they decided not to pay for those wars with taxes. In fact they insisted on giving people tax breaks, including those for whom war taxes would not have affected their lifestyles. The well-understood consequence was that someone else would pay for the wars. At the time the talk was that the next generation would have to pay.

3/18/14 Panel

Mar 18, 2014

    

  Today's panelists are WAMC’s Alan Chartock, Newsman Ray Graf, and Times Union Associate Editor, Mike Spain.

Topics include:
Flight 370
US Sanctions
NYS Senate on Tuition for illegals
Tax Preparer Clean-Up
Big Bang Theory Boost
TU Stories

Plenty Of Questions About Cuomo's Tax Plans

Feb 14, 2014
alh1/flickr

The New York state legislature has finished its hearings on Governor Andrew Cuomo’s budget proposal, and will be ready to start crafting a spending plan once they return from the President’s Day break. One of the final hearings focused on the governor’s tax cutting plans, and lawmakers had plenty of questions.

Taxes A Focal Point In 2014 Session

Dec 23, 2013
Office of New York Governor Andrew Cuomo

One of the top issues of the 2014 New York legislative session will be taxes. While Governor Andrew Cuomo wants to cut taxes, some, including New York City Mayor -elect Bill de Blasio, want to raise them.

8/13/13 - Panel

Aug 13, 2013

  Today's panelsists are WAMC’s Alan Chartock and Mike Spain, Associate Editor of the Times Union

Topics include:
Bulger Verdict
Drug Sentences
Stop and Frisk
Bigger Hospitals and Bills
Taxes
SUNY Grads
Lord & Taylor Returning to the Capital Region

Stephen Gottlieb: Taxes

Jul 2, 2013

I’m tired of hearing that lower taxes will bring new business. Politicians chant low taxes like a mantra that answers everything. Governor Cuomo offers to starve many New York communities of money for services by barring them from taxing new business.

5/30/13 - Panel

May 30, 2013

  Today's panelists are WAMC’s Alan Chartock, Editor of the Daily Gazette, Judy Patrick, and Times Union Capitol Reporter, Jimmy Vielkind. Ray Graf moderates.

Topics include:
Former Bush Official Said to Be Obama Pick to Lead F.B.I.
Holder Faces New Round of Criticism After Leak Inquiries
A Second Democrat Calls for Silver to Resign
CSEA attacks Cuomo tax-free zone plan
Saratoga racino expansion's inclusion of theater space
Cuomo's new tax free zones
The end of the NY legislative session
Gloversville ice cream trial

Office of New York Governor Andrew Cuomo

New York Governor Andrew Cuomo has been traveling the state promoting a plan to allow new businesses to go tax free for up to a decade if they locate near a State University campus.  The plan, which is yet to be drafted into bill form, has raised some questions.

4/15/13 - Panel

Apr 15, 2013

  Today's panelists are WAMC’s Alan Chartock and Ray Graf, and Mike Spain, Associate Editor of the Times Union. Joe Donahue moderates.

Today's topics include:
• Times Union Headlines
• Latest on North Korea
• April 15th – Tax Day
• Immigration Bill Support

popturfdotcom's photostream Flickr

BOSTON (AP) — Film companies have been awarded $44 million in Massachusetts tax credits for projects filmed in 2011, with nearly two-thirds of new spending generated by the productions going to individuals and businesses located out-of-state, including many individuals making more than $1 million.

That's a jump over the $18 million in credits in 2010.

The Department of Revenue report credited the increase on the return of multiple major feature films being made in Massachusetts.

3/14/13 - Panel

Mar 14, 2013

  Today's panelists are Dr. Alan Chartock, Assistant Professor of Journalism at the University at Albany, Rosemary Armao, and WAMC Morning Edition host, David Guistina.

This morning our discussion topics include:
1. Pope Francis I
2. Shooting in Herkimer
3. NPR for younger listeners
4. H&R Block Filing Error

MONTPELIER, VT. (AP) — U.S. Sen. Bernie Sanders of Vermont is pushing legislation to stop corporations from sheltering income in the Cayman Islands and other tax havens. The legislation also would end tax breaks for companies that ship jobs and factories overseas.

WAMC

Massachusetts Governor Deval Patrick is campaigning for a big tax hike. Patrick is making the case that more revenue is needed to pay for things people say they want and need.

   Governor Deval Patrick, during a recent swing through western Massachusetts, pressed the case for raising  taxes to invest in education and transportation infrastructure.  Patrick met with students and faculty in a machinists training program at Springfield Technical Community College. The program prepares people to work in the precision manufacturing sector.

    The number of craft breweries has exploded in recent years. In today’s Congressional Corner, Massachusetts Democratic Representative Richard Neal tells WAMC’s Alan Chartock that he is working on a tax change for such breweries.

The IRS has delayed the opening of the 2013 federal tax filing season until this Wednesday, January 30.  The Massachusetts Department of Revenue is already accepting state returns. The D-O-R kicked off the tax return season with a new one stop web page.   WAMC”s Pioneer Valley Bureau Chief Paul Tuthill spoke with the Massachusetts Revenue Commissioner, Amy Pitter.

Dwight Sipler

Massachusetts Governor Deval Patrick urged city and town leaders Friday to support his call for a big tax hike.

Mass. GOP wants to make tax hikes harder to pass

Jan 23, 2013
Mark Crawley / Flickr

BOSTON (AP) — Massachusetts House Republicans are proposing new rules that would make it harder to pass tax hikes or dip into the state's rainy day fund.

As part of a package of rules changes, the GOP wants to require two-thirds votes for all tax increases or withdrawals from the stabilization fund.

BOSTON (AP) — Lawmakers are giving mixed reviews to Gov. Deval Patrick's call to hike the state's income tax while also cutting the sales tax.

Dwight Sipler

BOSTON (AP) — Gov. Deval Patrick has asked the Legislature for a $1.9 billion in new taxes to support major new spending on transportation and education.

In his annual state of the state address to a joint session of the Legislature, Patrick called for hiking the state income tax from 5.25 percent to 6.25 percent, while doubling the personal exemption for all taxpayers and eliminating dozens of itemized deductions.

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