David Schultz First, one of the items left undone from the 2018 legislative session was changing Minnesota tax law to conform to federal changes in 2017. It was passed by the Republican Legislature and vetoed by Gov. Mark Dayton. The failure to pass tax conformity makes it more complicated for taxpayers to do their state taxes, but it also will cost them more if the state does not change its tax code. One estimate is the failure to change the law will cost taxpayers nearly $60 million; conversely, conformity potentially means less money coming into the state. Second, the Minnesota Health Care Provider tax expires at the end of the year. It generates $700 million annually, paying for programs such as MinnesotaCare, the insurance for the working poor. Walz and the DFL wish to renew it; Republicans views it as a “sick tax.” Were this tax to expire it would leave a major hole in the state budget, complicating Democrats’ plans to create a single-payer health care law in … [Read more...] about Tax issues could shape the 2019 Minnesota legislative session
Day trading taxes
A tax-cutting lobby exploits our unease over axes for their purposes. Tax flight and an increasingly unjust tax system are connected with inequality, trifling chances of advancement and the decay of social cohesion. TAXES – THE GREAT BLUFF By Nico Beckert [This book review published on 11/1/2018 is translated from the German on the Internet, https://makroskop.eu/2018/11/steuern-der=-grosse-bluff.] Every attempt at getting the wealthy to contribute more to financing the community is branded “as cold expropriation of the successful.” Norbert Walter-Borjans gets even with the tax cutting lobby… Paying taxes is not a popular hobby… In “Taxes – The Great Bluff,” the former finance minister of North Rhine-Westphalia (2010-2017) Norbert Walter-Borjans explains how a tax-cutting lobby exploits our unease over taxes for their purposes. He shows how tax flight and an increasingly unjust tax system are connected with inequality, … [Read more...] about Taxes
Bruce Vielmetti Milwaukee Journal Sentinel Published 6:00 AM EST Dec 10, 2018 A Greendale neurosurgeon hasn't paid the IRS more than $5 million he owes for not reporting foreign bank accounts, and now the federal government wants the penalty reduced to a judgment against him. Arvind Ahuja, 55, was sentenced in 2013 to three years probation and fined $750,000 after convictions for filing a false tax return and failing to file a Report of Foreign Bank and Financial Accounts, or FBAR. According to the government, back in 2009 Ahuja day-traded about $250 million in stock, foreign currencies and futures, and held as much as $9.2 million in an Indian bank. Despite a warning from his accountant, Ahuja never filed a Report of Foreign Bank and Financial Accounts and indicated on his 2009 tax return that he did not have such interests. For his willful failure to submit the report, he was assessed more than $5 million, including a late-payment penalty of $63,000, in … [Read more...] about Feds sue Greendale surgeon over $5 million tax penalty
Latoya and Ernest, founders of TheProfitRoom.com, want to help as many African Americans as possible learn how to make $200 a day or more investing in the stock market. Latoya and Ernest, founders of The Profit Room Nationwide — Latoya and Ernest created “The Profit Room” based on their individual success as investors and traders. They are well known for their transparency in showing profits and losses from their Live Day Trading Rooms. They both have a unique ability to teach and mentor in a simple way where anyone can learn. Ernest and Latoya trade stocks, options, Forex and futures and they have designed mentorship programs to teach others how to create income and generational wealth. Their goal is to help others to at least make an additional $100-$200 a day trading live with them, and they already have four full time minority traders trading and moderating daily in the futures and Forex room. The start of the journey Latoya, a native of Boston, … [Read more...] about The First Black-Owned Day Trading Company of Its Kind is Teaching Courses on How to Profit From the Stock Market!
Jasper Peak uncomplicates the lending process for the cryptocurrency and Forex CFD markets. Traders are approved in 3 easy steps. HONG KONG, HONG KONG, CHINA, October 15, 2018 /EINPresswire.com/ -- Cryptocurrency loans are now a viable option for online traders. Jasper Peak uncomplicates the lending process for the cryptocurrency and Forex CFD markets. Traders are approved in 3 easy steps. About Jasper Peak: Jasper Peak offers private loans for crypto traders around the world. They provide financing options for their clients in Forex CFDs and cryptocurrency trading. Anyone with pre-existing live trading accounts along with pre-approved Forex CFDs or cryptocurrency brokers may apply. The process requires submitting a loan application with required documents. Lending specialists examine each case. All client information is secured and remains private. How Jasper Peak Crypto Loans Works: Jasper Peak streamlines the lending process. It maintains a straightforward and as easy to … [Read more...] about Jasper Peak to Offer Cryptocurrency Trading Loans