Under tax laws in effect during Barack Obama's presidency, Donald Trump paid no federal income tax for the years 2011 to 2014 and $750 for 2016, the year he was elected president, according to recent New York Times reports.
Overall, Trump paid no federal income taxes for 10 of the 15 years before he was elected, The Times reported.
Like Trump, millionaires and billionaires pay very little or no taxes in a complex tax system of rules and regulations under laws passed by Democrats and Republicans and enacted during administrations of both parties. Democrats controlled both the Senate and the House of Representatives for the first two years of Obama's presidency, which lasted from January 2009 to January 2017.
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Indonesia sets regulations to support virtual tax environment | International Tax Review
During the middle months of 2020, Indonesia's Directorate General of Taxes (DGT) and Minister of Finance (MoF) have introduced a set of provisions as the economy reacts to the effects of the coronavirus pandemic.
The Times got the tax returns - POLITICO
The Times' investigation found that Trump brings in a lot of money, but he and his businesses have spent even more — to the point, that the president paid no taxes for 11 of the 18 years examined by the NYT.
In both 2016 and 2017, the Times found that Trump paid $750 a year in federal income tax, or roughly the same that a single worker without children making $18,000 a year would normally pay.
FERC's Technical Conference to Focus on a Carbon Tax | RealClearEnergy
The Federal Energy Regulatory Commission (FERC), which oversees U.S. electricity generation and power markets, will hold a day-long conference to discuss a solution that most economists, businesses, advocates, and even owners of carbon-emitting power plants agree is the surest, fastest, and most cost-effective way to reduce carbon emissions while preserving innovation and competition: putting a price on carbon.
Specifically, FERC will look at the impacts of carbon pricing in the wholesale electricity markets it regulates— a conversation that will delve into the complex web of regulations, policies, and legal precedents that determine how those market rules might account for carbon emissions.
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Here Are the Major Differences Between Trump and Biden on Tech Issues - Nextgov
President Trump and Democratic presidential nominee Joe Biden could not be more different on several tech and innovation issues, according to a report released Monday by the nonpartisan Information Technology & Innovation Foundation.
President Trump's approach since his 2016 election has focused on "reducing government barriers" to technology and innovation, reducing taxes and eliminating regulations the administration believes limit innovation. Under Trump, the amount of federal spending on tech has generally increased during his four-year term, but ITIF notes that—with the exception of certain technologies—the administration has reduced spending on tech research and development.
Final Regulations Released Addressing "Endowment Tax" on Net Investment Income of Private
On September 18, 2020, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) released final regulations (TD 9917, the “Final Regulations”) providing guidance on the excise tax imposed on the net investment income (“NII”) of certain private colleges and universities under section 4968 of the Internal Revenue Code.
Added to the Internal Revenue Code as part of the Tax Cuts and Jobs Act in 2017, section 4968 imposes a 1.4% excise tax on the NII of “applicable educational institutions,” which are generally private colleges and universities that have more than 500 tuition-paying students, more than 50% of whom are located in the United States, and that hold assets (other than assets used directly in carrying out the institution’s exempt purpose) of at least $500,000 per student.
Industry eager for Barrett's views on financial regulations | TheHill
Judge Amy Coney Barrett, who is expected to be confirmed by the GOP-controlled Senate, is poised to be on the bench by the time justices hear oral arguments in cases on how the federal government supports the housing finance system and enforces tax law.
Barrett, a conservative in the mold of the late Justice Antonin Scalia, has issued just a handful of opinions since joining the 7th Circuit Court of Appeals in 2017. Without a lengthy judicial record on financial regulation, observers will be watching her upcoming confirmation hearing closely for any clues about how she might rule.
Tell Your Clients: Automatic Tipping at Center of 11th Circuit Rules Against Ritz-Carlton in
The sale to the stalking-horse bidder and secured lender is approved after no one else qualified to bid on unsold units at the hotel-condo a block from the beach.
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Title, Firm: Attorney, Steinger, Greene & Feiner, 2015-present Previous legal employers: Steinger, Greene & Feiner, 2015-present; Ellsley…
In a proposed class action lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Pennsylvania, two former Pittsburgh Steelers allege that the league has been improperly using race and ethnicity information to undercut their cognitive impairment claims.
Happening on Twitter
"Joe Biden wrote the very tax code that Donald Trump took advantage of" #TheFive https://t.co/99FWy0CQK9 JesseBWatters Mon Sep 28 21:37:43 +0000 2020
REMINDER Trump sent a squad of armed goons to steal his medical & mental health records from his own doctors offic… https://t.co/Ax4vOmWNZm JesseFFerguson (from Brooklyn, NY) Tue Sep 29 03:48:00 +0000 2020
I finally relaxed and cleared my head after tonight's debate. I brushed my teeth, took my book off the nightstand,… https://t.co/NWQu2cKDYU juliaioffe (from Washington, DC) Wed Sep 30 06:39:41 +0000 2020
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