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ETC: Mercedes drastically reduces size of S-Class with new model cars

By Brandon Turkus

Mercedes-Benz S-Class scale models

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Mercedes-Benz takes its all-new S-Class quite seriously, even by German standards. So it shouldn’t come as a shock that even a scale-model Sonderklasse is carefully crafted. The miniatures in question cover the 2014 S-Class and come courtesy of three brands, in three different sizes, and are available through the Mercedes-Benz Collection.

The largest, and not surprisingly priciest, model is a 1:18-scale (making it about 11.4 inches long) creation from Norev. It features 145 individual parts, with opening and closing doors, trunk, and hood. For those that like to play with their expensive toys, the Norev S-Class comes with gloves. Dropping down the line is a 1:43-scale from Schuco that sits at 4.5 inches long. Like the larger model, it has a sunroof, detailed headlights, and multi-spoke wheels. With 55 parts, the doors, hood, and trunk can’t be manipulated, but it does come on a stylish plinth, with a case. The smallest model is by Herpa, and is a tiny 1:87-scale (about 2.3 inches long) miniature. Only 26 parts are used, but like the Schuco, it comes on a plinth and with a case.

All three models come with a choice of three paints, with Diamond White Metallic available across the range. The Norev model adds Blue Anthracite and Iridium Silver, while the Schuco can be had in Diamond Silver and Magnetite Black. The Herpa, meanwhile, runs a mix of the two, with Blue Anthracite and Magnetite Black.

Pricing is only available in euros, and includes Germany’s 19-percent value added tax. The Norev is 79.90 euros ($106.06), the Schuco is 29.90 euros ($39.69) and the Herpa is 15.90 euros ($21.11, all conversions are today’s rates.) Scroll down below for a press release from Mercedes.

Continue reading Mercedes drastically reduces size of S-Class with new model cars

Mercedes drastically reduces size of S-Class with new model cars originally appeared on Autoblog on Thu, 01 Aug 2013 08:30:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Were 'Real Housewives' Stars Targeted For Prosecution Because Of Their Celebrity?

By Kelly Phillips Erb, Contributor

A target. That’s how the attorney for “Real Housewives of New Jersey” stars Teresa Giudice and Giuseppe “Joe” Giudice characterized the couple after their indictment on bankruptcy fraud and other charges (Giuseppe faces additional charges for failing to file tax returns). Attorney Henry Klingeman says that the pair is being prosecuted because she’s a celebrity. …read more

Source: FULL ARTICLE at Forbes Latest

House panel probing whether IRS-FEC 'inappropriately' shared confidential tax information

A House committee is asking the IRS to turn over emails between the agency and the Federal Election Commission, after discovering a series of 2009 inter-agency exchanges in which embattled IRS official Lois Lerner might have inappropriately shared confidential tax information.

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Source: FULL ARTICLE at Fox News – Politics

House panel probing whether IRS-FEC 'inappropriately' sharing confidential tax information

A House committee is asking the IRS to turn over emails between the agency and the Federal Election Commission, after discovering a series of 2009 inter-agency exchanges in which embattled IRS official Lois Lerner might have inappropriately shared confidential tax information.

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Source: FULL ARTICLE at Fox News – Politics

Congress Confronts "Laws Gone Wild"

By Wayne Crews, Contributor

By Wayne Crews and Ryan Young How extensive is federal regulation? The “hidden tax” now tops $1.8 trillion annually, an immense drain on innovation, entrepreneurship and productivity and living standards. Federal regulations are so detailed that the Department of Agriculture requires magicians to draft 28-page disaster plans for the rabbits they pull out of a hat. Most such rules are enacted without input from elected representatives. Unaccountable executive branch agencies can issue almost any regulation they please—and they do. Due to this constant delegation of lawmaking authority to unelected bureaucrats, we live under a system of “regulation without representation.” …read more

Source: FULL ARTICLE at Forbes Latest

Liechtenstein Bank Pays $23.8M To IRS For Helping Americans Evade Taxes

By Robert W. Wood, Contributor

The Department of Justice (DOJ), IRS and U.S. Attorney have announced another huge victory in their all-out war on tax evasion. Liechtensteinische Landesbank AG—LLB for short—will pay $23.8M to the feds but avoid prosecution. See LLB Non-Prosecution Agreement. According to the deal, LLB won’t face prosecution for a 10 year stretch of keeping secret accounts for U.S. taxpayers from 2001 through 2011. See DOJ Press Release. …read more

Source: FULL ARTICLE at Forbes Latest

College Tax Strategy: Wipe Out $25,000 Of Capital Gains Per Year

By Troy Onink, Contributor

Many families simply earn too much for their child to qualify for need-based college aid, so they need to shift their focus to what I call tax aid; tax savings that help lower the overall cost of college. With the stock market at all-time highs, parents can combine their investment gains with this tax strategy to wipe out $25,000 in capital gains each year while a child is in college. That’s a pretty good way to save for college, and it can pay dividends in retirement, too. …read more

Source: FULL ARTICLE at Forbes Latest

President Obama's Plan For Corporate Tax Reform: A 'Grand Bargain' Or Simply Another Name For An Old Proposal?

By Tony Nitti, Contributor

Earlier today, President Obama took some time away from motivating sputtering baseball teams to propose a “grand bargain,” whereby the President would be willing to reduce corporate tax rates if the additional tax revenue were used to create jobs for the middle class. …read more

Source: FULL ARTICLE at Forbes Latest

A Plan to Simplify the Tax Code for Businesses and Give Working Families a Better Deal

By <a href="/author-detail/3699933">Megan Slack</a>

President Barack Obama delivers remarks on the economy at the Amazon Chattanooga Fulfillment Center

President Barack Obama delivers remarks on the economy at the Amazon Chattanooga Fulfillment Center in Chattnooga, Tenn., July 30, 2013. (Official White House Photo by Amanda Lucidon)

Today President Obama traveled to Chattanooga, Tennessee today to talk about the first and most important cornerstone of middle class security: a good job in a durable, growing industry.

“We should be doing everything we can as a country to create more good jobs that pay good wages,” President Obama said. And plenty of independent economists, business owners, and people from both parties are already in agreement on some of the ingredients that we need for creating good jobs, he explained:

Putting people back to work rebuilding America’s infrastructure. Equipping our kids and our workers with the best skills. Leading the world in scientific research that helps to pave the way for new jobs in new industries. Accelerating our clean energy and natural gas revolutions. Fixing a broken immigration system so that American workers aren’t undercut, undermined because some businesses are unscrupulous and hiring folks and not paying them decent wages.

“We're not lacking for ideas, we're just lacking action, especially out of Washington,” he said.

“So I’m going to try offering something that serious people in both parties should be able to support: a deal that simplifies the tax code for our businesses and creates good jobs with good wages for middle-class folks who work at those businesses.”

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Source: FULL ARTICLE at The White House

Remarks by the President on Jobs for the Middle Class, 07/30/13

By The White House

Amazon Chattanooga Fulfillment Center
Chattanooga, Tennessee

2:00 P.M. EDT

THE PRESIDENT: Hello, Chattanooga! (Applause.) It is good to be back in Tennessee. (Applause.) It’s great to be here at Amazon. (Applause.)

I want to thank Lydia for the introduction and sharing her story. Give Lydia a big round of applause. (Applause.) So this is something here. I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields. Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building. So this is kind of like the North Pole of the south right here. (Applause.) Got a bunch of good-looking elves here.

Before we start, I want to recognize your general manager, Mike Thomas. (Applause.) My tour guide and your vice president, Dave Clark. (Applause.) You've got the Mayor of Chattanooga, Andy Berke. (Applause.) And you've got one of the finest gentlemen I know, your Congressman, Jim Cooper. (Applause.) So thank you all for being here.

So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who's willing to work hard in this country has a chance to succeed in the 21st century economy. (Applause.)

Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings. And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.

But because the American people are resilient, we bounced back. Together, we've righted the ship. We took on a broken health care system. We invested in new American technologies to reverse our addiction to foreign oil. Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families. Saved the auto industry, and thanks to GM and the UAW working together, we're bringing jobs back here to America, including 1,800 autoworkers in Spring Hill. (Applause.) 1,800 workers in Spring Hill are on the job today where a plant was once closed.

Today, our businesses have created 7.2 million new jobs over the last 40 months. This year, we’re off to our best private-sector jobs growth since 1999. We now sell more products made in America to the rest of …read more

Source: FULL ARTICLE at The White House Press Office

Would Eliminating The Property Tax Deduction Be A Big Deal ?

By Peter J Reilly, Contributor

This just in from the Tax Foundation: This week, the Senate Finance Committee is considering the elimination of major tax expenditures as a starting point for a comprehensive reform effort, including the property tax deduction for owner-occupied housing. According to new researchby the nonpartisan Tax Foundation, however, the elimination of this deduction could have a negative effect on jobs and economic growth, if not supplemented with other pro-growth reform options. …read more

Source: FULL ARTICLE at Forbes Latest

Estate Tax Repeal In North Carolina Means Big Tax Savings For Some

By Ashlea Ebeling, Forbes Staff

One wealthy family in North Carolina just heard they’re off the hook for a $2.4 million tax bill, and another is off the hook for a $680,000 tax bill, thanks to the state tax reform deal just signed into law. “We had some happy clients when we found out they wouldn’t have to pay the North Carolina estate tax,” says Elizabeth Quick, an estate lawyer with Womble Carlyle Sandridge & Rice in Winston-Salem. …read more

Source: FULL ARTICLE at Forbes Latest

Oracle, CedarCrestone settle lawsuit over third-party support

Oracle has settled a lawsuit it brought last year against a former partner it alleged was providing third-party support for its PeopleSoft application in an illegal fashion.

“Oracle America, Oracle International Corporation, and CedarCrestone, Inc. announce that they have amicably resolved the litigation between them,” Oracle said in a brief statement on its website. “The terms of the settlement are confidential.”

CedarCrestone had offered implementation services for various Oracle software products, as well as tax and regulatory updates for PeopleSoft. The latter appeals to customers that decide to go off vendor support and contract with a third party to save money, when they want to keep their systems up to date but have no need for the ongoing product updates provided under a vendor maintenance plan.

It wasn’t clear whether CedarCrestone will continue offering tax and regulatory support for PeopleSoft; information suggesting as much wasn’t readily apparent on its website Tuesday, and the company didn’t immediately respond to a request for comment.

To read this article in full or to leave a comment, please click here

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Source: FULL ARTICLE at PCWorld

Low Taxes Earn Florida No. 1 Rank In Wealth Migration

By Breaking News

Florida SC Low Taxes Earn Florida No. 1 Rank in Wealth Migration

This article was originally published by watchdog.org.

A new study by Travis H. Brown called “How Money Walks” explores how people and money migrate from one state to another. And although the exact causes are difficult to nail down, one thing is clear: Americans are moving from high-tax and heavily regulated states to low-tax states with less regulation.

That’s according to the data Brown gathered from the Internal Revenue Service Division of Statistics and the U.S. Census Bureau.

Since 1992, no other state has benefited more from wealth migration than Florida.

An estimated $95.6 billion poured into the state economy, dwarfing Arizona’s next highest gain of $28 billion.

Almost half of Florida’s capital influx came by way of New York, New Jersey and Illinois.

Read More at Human Events . By William Patrick.

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Source: FULL ARTICLE at Western Journalism

IRS Inspector Urges Crackdown On Mislabeling "Independent Contractors"

By Robert W. Wood, Contributor

The IRS isn’t the only government agency worried about workers mislabeled as “independent contractors.” When you pay independent contractors, there’s no income tax withholding and no employment taxes. Even assuming that the “contractor” files a tax return, the IRS won’t collect as much and will get it much later. Wage withholding is much, much better for the IRS. …read more

Source: FULL ARTICLE at Forbes Latest

How Does This Work, Obama To Cut Business Taxes By Increasing Business Tax Revenues

By Tim Worstall, Contributor President Obama is giving a speech today in which he’ll propose a grand bargain to get America  working again. Sounds like a good idea so what’s the meat of it? Amazingly, it seems that the President is going to propose lowering business taxation while at the same time raising the amount of revenue coming from business taxation. Now if this was with reference to the Laffer Curve or one of the other theories about the undesirability of corporate and capital taxation in general (such as those of the Nobel Laureate Sir John Mirrlees) then it might not only be a plan but a good one. Unfortunately that doesn’t seem to be what is on offer. Obama long has called for a cut in corporate tax rates, but previously insisted such business tax reform be coupled with an individual tax overhaul. He’s dropping that demand and says instead that he’s open to the corporate tax cut that that businesses crave. OK, cutting the corporate tax rate, that’s a good idea. The statutory rate in the US is well above world and OECD average and can, depending upon how you want to look at it, be described as the world’s highest. But he wants it to be coupled with a significant investment on some sort of job creation program, such as manufacturing, infrastructure or community colleges. That will of course require some new amount of revenue. And even those various theories that say that a low or lower corporate tax rate will indeed grow the economy faster, thus in time producing higher tax revenue, those theories do say that this will take some time. So, in the short term, where are those extra revenues going to come from? The officials said money to pay for the jobs creation would come from a one-time revenue boost from measures such as changing depreciation rules or having a one-time fee on earnings held overseas. Either or both of those mean business paying more in tax than they do currently. And the extra “one-time boost” to revenues will necessarily be the extra amount that businesses will be paying in the future under this new proposal. …read more

Source: FULL ARTICLE at Forbes Latest