taxes

In December of 2017, President Trump signed the Tax Cuts and Jobs Act. Despite the sweeping changes it has enacted, the new act still fails to fully address the issues that have plagued our tax code for decades. We know we need a fairer and more efficient tax code, but what exactly does this look like? And how do we achieve the necessary changes?

Veteran correspondent and bestselling author T. R. Reid travels the world in order to find out what makes for good taxation and brings that knowledge home in his new book, "A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System."

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Do you have questions about your taxes? Jim Daniels, a manager director with UHY Advisors NY, Inc., joins WAMC's Brian Shields to answer your questions. Daniels is a licensed CPA and attorney.

Congressman Paul Tonko
Congressman Paul Tonko

A lot of questions accompany tax season.

In today’s Congressional Corner, New York Congressman Paul Tonko, a Democrat from the 20th district, concludes his conversation with WAMC’s Alan Chartock.

Jake Bernstein was a senior reporter on the International Consortium of Investigative Journalists team that broke the Panama Papers story. In 2017, the project won the Pulitzer Prize for Explanatory Reporting. Bernstein earned his first Pulitzer Prize in 2011 for National Reporting, for coverage of the financial crisis.

In "Secrecy World," Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca ― a trove now known as the Panama Papers ― as well as other journalistic and government investigations. Bernstein shows how shell companies operate, how they allow the super-wealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globe.

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With the U.S. undergoing a massive overhaul of its tax code in 2018, ripple effects are being felt in local town halls across the Northeast before the New Year. New York Governor Andrew Cuomo signed an emergency executive order allowing localities across the state to collect  property taxes early, so people can claim the soon-to-disappear state and local tax deduction. Property owners have been flooding town and county offices to pay the taxes in advance.  But in some rural areas, going to the tax collector’s office may not be an option.

Congresswoman Elizabeth Esty
Congresswoman Elizabeth Esty

The American tax system is about to undergo a major overhaul.

In today’s Congressional Corner, Connecticut Congresswoman Elizabeth Esty speaks with WAMC’s Alan Chartock. This conversation was recorded minutes before final votes in the House.

What does health care have to do with tax cuts?

In today’s Congressional Corner, Vermont Representative Peter Welch speaks with WAMC’s Alan Chartock.

The tax overhaul plan proposed by President Trump and now being considered in Congress would end the deduction on federal income tax forms for state and local property taxes. Governor Andrew Cuomo says it would disproportionately harm New Yorkers, where property taxes are among the highest in the nation, and he’s taken opportunities at public events recently to make the case against the plan.

President Trump’s first budget proposal made for tough reading for many communities.

In today’s Congressional Corner, WAMC’s Alan Chartock concludes his conversation with Connecticut representative Joe Courtney, a Democrat from the 2nd district.

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The Vermont Legislature's Joint Fiscal Office says the state is poised to bring in an addition $8 million with retail giant Amazon agreeing to collect and remit sales tax.

Why is America living in an age of profound and widening economic inequality? Why have even modest attempts to address climate change been defeated again and again? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers?

In Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right, Jane Mayer illuminates the history of an elite cadre of plutocrats—headed by the Kochs, the Scaifes, the Olins, and the Bradleys—who have bankrolled a systematic plan to fundamentally alter the American political system.

The book is now available in paperback with a new preface that discusses the results of the most recent election and Donald Trump's victory, and how, despite much discussion to the contrary, this was a huge victory for the billionaires who have been pouring money in the American political system.

Taxes have been one of the campaign’s biggest issues.

In today’s Congressional Corner, Massachusetts Congressman Richard Neal concludes his discussion with WAMC’s Alan Chartock.

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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.

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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.

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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.

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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
New York State Capitol
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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

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