@karlauerbach@sfba.socialThose of us who have to pay US Federal taxes on a quarterly basis may find it rather disgusting that the June 16 payment is due two days after FFOTUS self-indulgent, expensive, North Korea style, imperial parade.
@kurtsh@mastodon.socialThe Republican megabill now before the Senate cuts taxes for high earners & reduces benefits for the poor.
☑️ NYTimes: Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades https://www.nytimes.com/interactive/2025/06/12/ups…
@45names@mastodon.social
@Techmeme@techhub.socialThe European Commission drops plans to impose a digital tax on tech giants in its upcoming 2028-2034 budget proposal, amid ongoing EU-US trade negotiations (Gregorio Sorgi/Politico)
https://www.politico.eu/article/victory-eu-donald-trump-meta-tax-digital/…
@kurtsh@mastodon.socialThe Republican megabill now before the Senate cuts taxes for high earners & reduces benefits for the poor.
☑️ NYTimes: Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades https://www.nytimes.com/interactive/2025/06/12/ups…
@karlauerbach@sfba.socialWe see cops going crazy.
There will be lawsuits.
Cops and the places that hire them will incur legal costs and even higher payouts for damages.
This is likely to force cities to raise taxes to cover those costs or, more likely, to cover the massive increase in insurance premiums that cities will have to pay in the future.
Of course, ultimately it will be you and me - taxpayers - who foot these bills for the insane excesses of cops.
@memeorandum@universeodon.comTrump Says He's Making America More Competitive. Is He? (Jess Bidgood/New York Times)
https://www.nytimes.com/2025/07/09/us/politics/trump-tariffs-taxes-economy.html
http://www.memeorandum.com/250709/p147#a250709p147
@cdarwin@c.imConservatives are asking Trump for another big tax cut
Currently, an investor who bought stock for $1,000 in 1980 and sold it for $10,000 today would owe capital gains taxes on the increase in value of $9,000.
But under the proposal pitched by Grover Norquist and others, the calculation would start by adjusting up the value of the original purchase to account for inflation
— which would reduce the amount of gain that’s taxable after selling the stock.
Although a 199…
@pgcd@mastodon.onlineDemocratic governments* should ALL be against AI - if not for the obvious moral issues, for the fact that
LLMs *pay no taxes*.
When you fire somebody making €60k/year in Germany and replace it with an LLM subscription, you're effectively removing 25K or so from state coffers (because, c'mon, you don't believe OpenAI et al are going to pay taxes, are you?).
* not kleptocracies, of course
@hex@kolektiva.socialAs Trump's tariffs cut off the US from imports and as he deports the core of the US labor force, I think about the fact that tariffs and other import taxes were a major part of the lead up to the Revolutionary War. It's no coincidence that a bunch of the Founding Fathers were smugglers.
The logistics of the resistance and the logistics of the population were intertwined, meaning that it was not always possible to attack resistance logistics without alienating the population.
All this is worth keeping in mind right now.
#USPol
@ScriptJoy@Mastodon.onlinePrince William: How much are you paying in tax?
£22.9 million. That's the staggering amount Prince William raked in last year. But unlike his father, who revealed his tax contributions while he was Prince of Wales, Prince William is refusing to say how much tax he pays. What has he got to hide?
https://38d.gs/fd5e
@servelan@newsie.social'Time to cut that off': Newsom suggests withholding federal taxes from Trump admin - Alternet.org
https://www.alternet.org/newsom-federal-taxes-trump/
@45names@mastodon.social @memeorandum@universeodon.comNewsom floats withholding federal taxes as Trump threatens California (Tyler Katzenberger/Politico)
https://www.politico.com/news/2025/06/06/newsom-floats-withholding-federal-taxes-00393386
http://www.memeorandum.com/250606/p147#a250606p147
@bici@mastodon.socialThe price of copper surged today after the rogue America president said he’s imposing a 50% tax on imports of the metal.
Canada supplies a third of all the copper imported into the States, in a flash, Trump’s Treasury will collect close to $2.5 billion in annual tariffs on Canadian copper – unless the new taxes gut our industry.
Once again, the White House has proven its capricious and wild cowboy unpredictability.
-- garth turner
@BBC6MusicBot@mastodonapp.uk
@gfriend@mas.toWhat would happen if the churnalists and mediators called Trump’s “tariffs” by their proper name: “sales taxes on the US economy”?
Lawrence McDonald wants to know.
And so do I.
@cdarwin@c.imTrump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.
The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.
That 2017 law, the Tax Cuts and Jobs Act, limited the deduction to $10,000 a year, imposing a cap for the first time as a way of reducing the bill’s overall cos…
@kurtsh@mastodon.socialTaxes on Social Security are hardly affected by Trump's bill.
But the increase in the "State & Local Tax" deduction (SALT) from $10k to $40k?
That's a big deal for Californians.
✅ How the New Tax Law Will Actually Affect Your Tax Bill - Retirement Nerds
https://youtub…
@PwnieFan@infosec.exchange @memeorandum@universeodon.comTrump signs megabill that slashes taxes, Medicaid while boosting national debt (Zac Anderson/USA Today)
https://www.usatoday.com/story/news/politics/2025/07/04/donald-trump-signs-megabill-taxes-medicaid-border/84470497007/
http://www.memeorandum.com/250704/p61#a250704p61
@paulwermer@sfba.socialDescribing the email:
“It doesn’t sound like normal government communications, official communications. It sounds like – you know – partisan.”
“It’s disturbing to see Trump hijack a public institution to push blatant misinformation.”
#Sad (a word I heard someone use at various times) - that they have so little honesty and integrity. I
@ruari@velocipederider.comI wouldn't mind an RZE UTD-8000 (specifically the yellow one) but in Norway with taxes and everything that comes out at 2800kr… so yeah, I will probably save the money and keep it for future cycle purchaes.
https://www.rzewatches.com/pages/utd-8000-launch
@cdarwin@c.imAn email sent by the US Social Security Administration (SSA) that claims Donald Trump’s major new spending bill has eliminated taxes on benefits for most recipients is misleading, critics have said.
Jeff Nesbit, who served as a top SSA official under Republican and Democratic presidents, posted on X: “The agency has never issued such a blatant political statement. The fact that Trump and his minion running SSA has done this is unconscionable.”
The reconciliation bill – which the p…
@ubuntourist@mastodon.socialhttps://www.theguardian.com/us-news/2025/jul/03/trump-spending-bill-conservatives-law
“But a sugar-high won’t be sustained, it will do real damage, & often what comes next is the crash. The longer-term health of our economy, American famili…
@PaulWermer@sfba.socialWell, this is an encouraging resolution, and I, for one, will be urging my Supervisor to support it - If you're in SF, I urge you to do the same.
"Resolution urging state legislators to champion legislation allowing cities and counties to decide if they want to implement local wealth and progressive income taxes."
And thanks to the Sponsors: #ChyanneChen,
@tschfflr@fediscience.orgI've already done the taxes, I don't think I can procrastinate the thing I *really* should be doing any longer /o\
@edintone@mastodon.greenSurgeon by trade, radical by nature, and a publisher for good measure — George Robert Skene never met a cause he didn’t like. From fighting unfair taxes to handing land to the poor, his 19th-century hustle game was strong. Meet the Victorian multi-hyphenate you didn’t know you needed. https://edintone.com/george-robert-ske…
@andres4ny@social.ridetrans.itWhat a huge bunch of gaping assholes. https://fed.brid.gy/r/https://bsky.app/profile/did:plc:5o6k7jvowuyaquloafzn3cfw/post/3lsw3zs7e7s2b
@memeorandum@universeodon.comBessent demands apology from Summers over 'big, beautiful bill' criticism (Sarah Fortinsky/The Hill)
https://thehill.com/homenews/administration/5387729-bessent-summers-debate-trump-taxes/
http://www.memeorandum.com/250707/p67#a250707p67
@servelan@newsie.socialGamblers will have to pay taxes on their losses thanks to provision in Trump spending bill | The Independent
https://www.independent.co.uk/news/world/americas/us-politics/trump-bill-tax-gambling-losses-b2783057.html
@mxp@mastodon.acm.orgPrix fixe*†
* Les conditions générales s’appliquent. Hors taxes et frais.
† Des achats in-app peuvent être nécessaires pour débloquer des fonctionnalités supplémentaires.
https://www.rts.ch/info/suisse/2025/articl…
@mxp@mastodon.acm.orgPrix fixe*†
* Les conditions générales s’appliquent. Hors taxes et frais.
† Des achats in-app peuvent être nécessaires pour débloquer des fonctionnalités supplémentaires.
https://www.rts.ch/info/suisse/2025/articl…
@mxp@mastodon.acm.orgPrix fixe*†
* Les conditions générales s’appliquent. Hors taxes et frais.
† Des achats in-app peuvent être nécessaires pour débloquer des fonctionnalités supplémentaires.
https://www.rts.ch/info/suisse/2025/articl…
@ruth_mottram@fediscience.orgAnother essential thread from @… ...
https://mamot.fr/@pluralistic/114733317506784669
pluralistic@mamot.fr - A major problem with letting billionaires decide how your country is run is that they will back whichever psycho promises the lowest taxes and least regulation, no matter how completely batshit and unfit that person is:
https://www.hamiltonnolan.com/p/nations-are-people
--
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2025/06/23/billionaires-eh/#galen-weston-is-a-rat
1/
@chris@mstdn.chrisalemany.caThe platform of 33 year-old Zohran Mamdani, the “Democatic Socialist" immigrant who just won the primary in New York City (setting himself up for Mayor's election in November)
free public buses 🚎
universal childcare 👶
freezing rent in subsidized units 🏚️
city-run grocery stores 🥖🥒🍎
all paid for by new taxes on the rich.🤑
Good people want these things. They are not complicated or extreme.
also:
"strong support of Palestinians and criticism of Israel”
#Socialist #CanPoli
https://www.bbc.com/news/articles/ckg6yg7x467o
@izzychambers@vivaldi.net@… @… They should go to Mars. No taxes there!
@cdarwin@c.imI think it's really underappreciated that solar panels are now about as cheap per unit area as mass-produced building materials like wood, siding, shingles/shakes, etc.
The Republican reconciliation bill aims to make solar expensive again in the US through tariffs and taxes.
https://bsky…
@Techmeme@techhub.socialDubai is emerging as a global hub for AI talent, attracting workers with its Golden Visa program, no taxes, attractive salaries, and ease of setting up business (Amar Diwakar/Rest of World)
https://restofworld.org/2025/golden-visa-ai-jobs-uae/
@kexpmusicbot@mastodonapp.uk🇺🇦 #NowPlaying on KEXP's #MorningShow
Geese:
🎵 Taxes
#Geese
#newRelease 🆕 single
https://lelandstaxes.bandcamp.com/track/geese-lay-eggs-4
https://open.spotify.com/track/7r9BUOSnekEjrkMhmxD6Ae
@kctipton@mas.toTrump’s White House accidentally admitted the truth about its tax plan https://www.msnbc.com/opinion/msnbc-opinion/trumps-white-house-accidentally-admitted-truth-tax-plan-rcna207301 "In 2029, Americans making…
@mgorny@social.treehouse.systemsAttention, I've found a positive.
Thanks to the orange moron, I'll be paying less in income tax.
Oh, wait, it's the conservatives who love smaller taxes.
@memeorandum@universeodon.comTrump Exaggerates His Agenda Bill's Impact on Social Security Taxes (Karoun Demirjian/New York Times)
https://www.nytimes.com/2025/07/01/us/politics/trump-bill-social-security-taxes.html
http://www.memeorandum.com/250701/p95#a250701p95
@grumpybozo@toad.socialWe need to reclaim the tradition of imposing taxes on the rich to cover the costs of war. It’s why we got the income tax in the first place.
War is a mechanism that concentrates wealth at the top. If that is not countered with policy, it suggests that part of the purpose of the war is that concentration.
(see the past 25 years as an example)
@StephenRees@mas.toFrom The Conversation - Canada
What is modern monetary theory? An economist explains how it could help Canada
Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.
@primonatura@mstdn.social"Rachel Reeves Promised Oil Industry ‘Quid Pro Quo’ Over Windfall Tax in Private Meeting"
#UK #UnitedKigdom #Climate
@paulwermer@sfba.socialWell, this is an encouraging resolution, and I, for one, will be urging my Supervisor to support it - If you're in SF, I urge you to do the same.
"Resolution urging state legislators to champion legislation allowing cities and counties to decide if they want to implement local wealth and progressive income taxes."
And thanks to the Sponsors: #ChyanneChen,
@lilmikesf@c.im @cdarwin@c.imMillions of low-income Americans could experience
🆘 staggering financial losses
under the domestic policy package that Republicans advanced through the Senate on Tuesday,
💥which reserves its greatest benefits for the rich while threatening to strip health insurance, food stamps and other aid from the poor.
For many of these families, the loss of critical federal support is likely to negate any improvements they might have seen as a result of slightly lower taxes, expe…
@45names@mastodon.social @memeorandum@universeodon.comTrump threatens 'no extensions' on new Aug. 1 tariff deadline, warns of higher import taxes (NBC News)
https://www.nbcnews.com/business/business-news/trump-threatens-no-extensions-aug-1-tariff-deadline-what-countries-rcna217536
http://www.memeorandum.com/250709/p7#a250709p7
@Techmeme@techhub.socialElon Musk calls the Senate tax bill "utterly insane" as it raises taxes on nuclear and geothermal energy and battery storage, which are crucial for AI training (Noah Smith/Noahpinion)
https://www.noahpinion.blog/p/would-you-rather-have-cheap-energy
@karlauerbach@sfba.socialSo, when will it be time to stop paying US Federal taxes?
@servelan@newsie.social‘This is about more than burgers and fries’: Boycott of McDonald’s to begin this week | The Independent
https://www.independent.co.uk/news/world/americas/mcdonalds-boycott-2025-dei-taxes-price-gouging-when-b2775624.html
@kurtsh@mastodon.socialChuckling at all the 'its-my-money' libertarian casino players who've been cheering for Trump greed.
Hope you enjoy the 10% drop in deductible losses. Mmm. Taste the MAGA.
✅ Trump's ‘Big Beautiful Bill’ Includes Huge Tax Hike for Gamblers
https://
@chris@mstdn.chrisalemany.caon paying for it all... cuts, tax rises, or debt?
he doesn't really answer.
"we just cut taxes, we're not raising taxes”
"we'll give an update on the outlook for the deficit in due course”
There will be a Fall fiscal update.
#Canada #CanPoli #NATO #RussiaUkraine #USA
@45names@mastodon.social @memeorandum@universeodon.comThomas Massie on why fellow Republicans keep folding: 'They're just afraid of Trump' (Sahil Kapur/NBC News)
https://www.nbcnews.com/politics/trump-administration/live-blog/trump-big-beautiful-bill-house-taxes-immigration-live-updates-rcna215840/rcrd84197?canonicalCard=true
http://www.memeorandum.com/250702/p120#a250702p120
@cdarwin@c.imTwenty U.S. Catholic bishops have signed onto an interfaith effort opposing the One Big Beautiful Bill Act, which would enact key provisions of President Donald Trump's legislative agenda on taxes and immigration, calling it a "moral failure."
A letter from more than 40 faith leaders of several faith traditions
-- made public by Archbishop John C. Wester of Santa Fe, New Mexico, on June 26
-- urged senators to reject the bill.
"We, the undersigned f…
@kexpmusicbot@mastodonapp.uk🇺🇦 #NowPlaying on KEXP's #DriveTime
Geese:
🎵 Taxes
#Geese
#newRelease 🆕 single
https://lelandstaxes.bandcamp.com/track/geese-lay-eggs-4
https://open.spotify.com/track/7r9BUOSnekEjrkMhmxD6Ae
@cdarwin@c.imThe C.B.O. estimate is all but certain to inflame debate within the G.O.P. about the spending bill.
The nonpartisan Congressional Budget Office said Wednesday that the broad Republican bill to cut taxes and slash some federal programs
👉would add $2.4 trillion to the already soaring national debt over the next decade,
in an analysis that was all but certain to inflame concerns that President Trump’s domestic agenda would lead to excessive government borrowing.
The C.B.O…
@45names@mastodon.social
@fraca7@social.linux.pizza« But if we raise taxes for the rich they’ll flee to another country »
THAT’S A FEATURE NOT A BUG
@cdarwin@c.imGOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.
Under current law, most taxpayers claim the standard deduction of $15,000 (or $30,000 for couples)
to reduce their tax liability,
though the GOP tax bill would increase those amounts slightly.
Additionally, seniors already qualify for an additional deduction of $2,000 (or $3,600 for couples).
The Senate bill would create a third category that gives seniors an additional $6,000 (or $12,000) off…
@unchartedworlds@scicomm.xyzbenefits, taxes, Starmer etc
Well done disability activists for championing (relative) fairness, care and sense. You shouldn't have had to deal with that cruel nonsense, but you led the way, and I appreciate it.
Tip of the hat to Labour rebels.
Keir Starmer you should fix the tax system now. #TaxWealthNotWork.
There's a campaign for a new 2% tax on wealth over £10,000,000, which seems entirely reasonable to me.
#disability #benefits #UK #UKPol #KeirStarmer #LabourParty
@cdarwin@c.imSen. Ron Johnson, R-Wisconsin, is doubling down on his concerns about a bill that would make sweeping changes to taxes, Medicaid, food stamps and more
after it was passed last month in the Republican-led House at the urging of President Donald Trump.
It's completely unsustainable," Johnson said in an interview on Fox's "Sunday Morning Futures."
The bill is expected to add somewhere around $3 trillion to the deficit over the next 10 years and swell the…
@memeorandum@universeodon.comTrump and GOP's tax bill would sell off USPS's brand-new EVs (Jacob Bogage/Washington Post)
https://www.washingtonpost.com/business/2025/06/21/trump-usps-trucks-taxes/
http://www.memeorandum.com/250621/p34#a250621p34
@45names@mastodon.social @cdarwin@c.imWhen JD Vance arrived in the Senate in 2023, he backed a raft of proposals that were characterized as reflecting a new brand of economic populism for the Republican Party.
He championed higher taxes on some businesses, increased support for families and a willingness to interfere in free markets that bordered on the heretical in the modern GOP.
Two years later, the now-vice president’s distinctive policy ideas are hard to find in the tax legislation now advancing through Congres…
@memeorandum@universeodon.comTrump strikes Iran hard, and the world waits for what comes next (Dan Balz/Washington Post)
https://www.washingtonpost.com/politics/2025/06/22/trump-iran-deportations-tariffs-spending-taxes/
http://www.memeorandum.com/250622/p12#a250622p12
@cdarwin@c.imDozens of peaceful protestors, including disabled people in wheelchairs,
were arrested last Wednesday, June 25, in Washington, DC,
while protesting Trump’s so-called “One Big Beautiful Bill,”
which will slash taxes,
dramatically increase funding for war and immigration enforcement,
and make devastating cuts to vital, popular programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
@memeorandum@universeodon.comZohran Mamdani doubles down on plan to target 'whiter neighborhoods' with higher taxes -- and says billionaires shouldn't exist (New York Post)
https://nypost.com/2025/06/29/us-news/zohran-mamdani-doubles-down-on-plan-to-target-richer-and-whiter-neighborhoods/
http://www.memeorandum.com/250629/p54#a250629p54
@cdarwin@c.imThis is going to be a different type of campaign.
Because when you’re going after Medicaid and even ripping food away from hungry kids,
all to cut taxes for donors and corporate lobbyists,
we’re not pulling punches.
I hope you’ll join us:
https://secure.actblue.com/donate/loc_…
@memeorandum@universeodon.comHospitals stunned by Senate GOP's Medicaid plan (Politico)
https://www.politico.com/news/2025/06/17/hospitals-senate-medicaid-megabill-taxes-00410769
http://www.memeorandum.com/250617/p183#a250617p183
@memeorandum@universeodon.comSenate picks fight with House GOP on the "big, beautiful bill" (Axios)
https://www.axios.com/2025/06/17/senate-trump-budget-bill-medicaid-taxes-salt
http://www.memeorandum.com/250617/p2#a250617p2
@memeorandum@universeodon.comHere's what's in the Senate GOP's version of Trump's 'big, beautiful bill' (The Hill)
https://thehill.com/homenews/senate/5353963-senate-medicaid-taxes-green-energy/
http://www.memeorandum.com/250616/p166#a250616p166
