Lost Horizons. How Ohio Pulled $4 Billion+ from Communities and Redistributed It Upwards. The Ohio General Assembly passed House Bill 66 promising to improve economic conditions for Ohioans.
H.B. 66 eliminated the corporate income tax and reduced state income taxes by 21%. Governor Taft from his 2006 state of the state speech: At this time last year we had a tax code that was mired in the distant past, punishing investment and ignoring innovation. We worked day and night to bring that code into the 21st Century. We cut the income tax. The promise was jobs and growth. Impact of H.B. 66 Who benefited from the tax cuts?
Most Ohioans got little benefit from the tax overhaul. Did H.B. 66 work? In April 2013, Policy Matters Ohio looked at the data to see how Ohio was performing versus other states. The report is not great. From 2005 to 2013, we’ve had a 4.4% decline and have lost 238,000 jobs. Zach Schiller testifying to the Ohio house in 2014: In June 2005, income-tax rates were cut 21 percent and major business taxes were slashed. America’s Invisible Crises – Connecting the Dots, Part 4: What We Never Learned In School! Dr.
Ilya Sandra Perlingieri June 30, 2013 History, as the saying goes, “belongs to the victor.” Oftentimes, this unfortunately, results in biased and totally distorted history. In my own American archival research, I have discovered that the American history we continue to learn in both public and private schools and universities has been drastically manipulated. “Lies” might be the more accurate word. Even with all the distortions and deceit, it is certainly not even a “collective” narrative; and, despite 40 years of feminist scholarship, it still does not include much about women –the other half of our population– or people of color. The corporate-controlled media is also part of this massive deception. This article is a short accounting of some major historical issues/events that we NEVER learned in school.
I urge everyone to read this, share it with everyone you know, and do your homework over the 4th of July Nationwide General Strike for which United We Strike and I are calling. IRS "Scandal" is a Hoax. How Does the IRS Doing Its Job Become a Made-Up Political Outrage?
Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News . Can't Anyone Here Play This Game Straight? Here's a reasonably typical media-framing of the IRS lie, from the usually careful and accurate Economist, posted May 23: " Even before this month's revelation that conservative political groups applying for 501(c)(4) status were being singled out for special scrutiny.
" You see this false framing of the IRS story across the media spectrum, from Infowars to ABC News and NBC News to the Economist to DemocracyNOW (the latter on May 24: "the scandal over the targeted vetting of right-wing groups"). An exception to this remarkable mental stampede in the wrong direction was Jeffrey Toobin (New Yorker, May 14) who wondered, "Did the I.R.S. actually do anything wrong?
" Where’s My Tax Refund? The annual Taxes and Savings Survey from Capital One Bank reveals that 85 percent of Americans expect to get a tax refund this year.
Those taxpayers expecting a hefty sum back from the government are likely well aware that there is now less than a month until the Monday, April 15, filing deadline. While the IRS predicts that the average federal tax refund will approach $3,000, most taxpayers still confess to some tax day-related anxiety. Many free tools exist to help the taxpaying public navigate the tricky waters of filing taxes. Here are a few: "Attention online shoppers!
The award-winning Bloomberg BNA Quick Tax Reference app (screenshot at left) is a convenient guide to answer tax questions within a few clicks. Helping you organize your digital life, and more specifically your tax-related digital life is the widely used Evernote, available online and for Android, iOS, BlackBerry and Windows phones and tablets. Photo from Shutterstock.