Streams

 

Tax

The Takeaway

On Tax Day, Where's the Tax Reform?

Wednesday, April 15, 2015

You've either filed, are filing, or are filing an extension, but what if we had a deadline for Congress and the president for a comprehensive tax overhaul? 

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Operavore

Scratch-and-Win to Support Opera Companies?

Tuesday, March 24, 2015

An interesting option to help nonprofit arts organizations with particular needs is through a state or federal lottery, writes Fred Plotkin. Here's why.
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The Takeaway

How David Foster Wallace Found Tranquility in the Tax Code

Monday, March 23, 2015

When Wallace won a "genius grant" in 1997, he moved to Illinois, started taking tax accounting courses at a state college, and discovered the spiritual side of khakis and the IRS.

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The Takeaway

Does the GOP Really Want to Abolish the IRS?

Monday, February 09, 2015

A dedicated page featured on the Republican Party website reads, "Stand with the GOP and Fight to Abolish the IRS." But few Republicans will come out and say it. 

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WNYC News

Cuomo Uses Holiday Weekend To Unveil More of His Anti-Poverty Agenda

Sunday, January 18, 2015

Ahead of his budget address, Governor Cuomo is taking key proposals for a test drive.

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The Takeaway

IRS Report: Taxpayer Misery Reaches New Low

Thursday, January 15, 2015

For many, IRS is not just an acronym, but a synonym for the Grim Reaper. And in a new report, the Office of the Taxpayer Advocate says client misery has reached a new low point.

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WNYC News

Tax Breaks Look Good from 90 Stories Up

Thursday, January 15, 2015

Sales of skyscraper apartments are a boon to the city's tax revenue, but some lawmakers say these ultra-expensive penthouses are getting a break because of our flawed tax system.

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The Takeaway

Is it Time to Revise Congressional Math?

Tuesday, January 06, 2015

The 114th Congress is in session for the first time today, and one of their first orders of business is to revise the way tax laws are evaluated.

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World Weekly with Gideon Rachman

Japan's snap elections

Thursday, December 11, 2014

Japan's snap elections

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Schoolbook

Union: Absentee Homeowners Should Help NYC Schools

Tuesday, December 09, 2014

WNYC
The teachers union believes the buyers in New York City's booming market for luxury apartments may hold the key to lower class sizes.
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The Brian Lehrer Show

The Real Cost of the Cigarette Tax

Tuesday, December 09, 2014

Does New York's high cigarette tax achieve its purpose or run contrary to it?

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WNYC News

A Check in the Mail Around Election Day?

Monday, March 31, 2014

Strategic tax cuts are rife in the new budget bill, expected to pass today.

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Schoolbook

Senate Leaders Propose Full Pre-K Funding for New York City, Minus the Tax Increase

Thursday, March 13, 2014

Legislative leaders in Albany appear to agree that Mayor Bill de Blasio won't get his tax plan to fund pre-kindergarten and after-school programs, but that he should get all of the money he was asking for.

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WNYC News

Red Carpet Treatment: A Tax Credit for the Tonight Show

Monday, February 17, 2014

After decades in California the "Tonight Show" is back in New York City and will make its debut this evening. Like many TV programs and movies, the show benefits from tax incentives to film in New York. In this case, one tailor-made for the program. 

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The Takeaway

Tax Reform Proposals to be Kept Secret for 50 Years

Monday, July 29, 2013

Congress is undertaking broad reform of the tax code—potentially to the tune of trillions of dollars. As Senators prepare their input for tax code reform, they are promised complete confidentiality for their proposals. All records of suggestion will be stored under lock and key in a National Archives vault for the next 50 years. Takeaway Washington correspondent Todd Zwillich explains.

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The Takeaway

The IRS Scandal: Who Gets Tax-Exempt Status?

Friday, May 17, 2013

The IRS scandal continues to plague the Obama Administration. In part because of the Supreme Court’s ruling in the 2010 Citizens United case, applications for tax-exempt status have increased dramatically over the past few years. Ken Gross, election law expert at and former counsel to the Federal Election Commission, explains the qualifications for tax-exempt status, and the political benefits.

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The Takeaway

Small Retailers Push Back on Proposed Online Sales Tax

Wednesday, April 24, 2013

The Senate remains poised to pass the Marketplace Fairness Act, which would allow states to require online retailers to collect sales taxes that could add an estimated 11 billion dollars of currently uncollected sales tax revenue. The bill exempts retailers who have under $1 million in Internet sales, but plenty of small online retailers who will be subject to this new law say it's creates an impossible burden for them.

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WNYC News

Despite Early Expectations, NY Budget Includes Tax Increase Extensions

Tuesday, March 26, 2013

The new state budget that lawmakers plan to enact this week contains a tax package that includes both tax breaks and tax increases. The spending plan comes just two months after Governor Cuomo said there would not be any new taxes in the budget.

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World Weekly with Gideon Rachman

The most important Italian election for 30 years?

Wednesday, February 06, 2013

The most important Italian election for 30 years?

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Transportation Nation

Fiscal Cliff Legislation Equalizes Transit Tax Benefit

Wednesday, January 02, 2013

LIRR commuters (photo by @MSG via flickr)

After a year of lobbying, transit advocates finally won.

As part of legislation passed Tuesday, pre-tax benefits for transit are now on par with parking benefits. Individuals who get commuter benefits from their employers can now look forward to (about) $240 a month. The measure is particularly meaningful to suburban commuters, who can easily spend more than that amount on transit.

Note section 203.

The back story: on December 31, 2011, legislation equalizing transit benefits expired. So for 2012, transit riders received a $125 monthly benefit, although parking remained at $240--a thorn in the side for politicians from transit-dependent states. Last March, New York Senator Charles Schumer authored legislation to re-equalize the benefit, but it wasn't acted on until the fiscal cliff negotiations.

Transit advocates hailed the legislation. "We've been pushing for transit equity for months," said Rob Healy, vice president of the American Public Transportation Association. "From our perspective, we felt it was very, very important that the federal tax code not bias one mode versus another." He added: "You shouldn’t be making your choices based on a tax code which treats parking better than it does transit."

Veronica Vanterpool, the head of the Tri State Transportation Campaign, which advocates for transit riders in New York, New Jersey, and Connecticut, said  when the benefit expired, "it was a de-facto tax increase for transit commuters. It's ludicrous that Congress would incentivize driving over public transportation. So we are particularly pleased that this was restored...we know a lot of our region's senators have really pushed for that."

Vanterpool said about 700,000 people in the tri-state region take advantage of the benefit. And: it's retroactive to January 1, 2012, although the mechanism for calculating those past benefits hasn't yet been determined.

But the current benefit also expires at the end of 2013 -- meaning transit advocates must begin spooling up again.

“It is our hope that in the new Congress, legislation will pass to make the public transit commuter benefit parity permanent,” said APTA president Michael Melaniphy. Vanterpool echoed that sentiment. "Moving forward," she said, "we need to make sure this is a permanent restoration and that we're not dealing with this battle every year."

 

 

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