Your government hopes you haven’t noticed, but if you live in a developed country there’s a good chance your taxes have gone up over the past four years. That’s the conclusion from the OECD’s latest “Taxing Wages” report, which finds the average worker paid a higher proportion of income in tax in 2014 than in 2010.
The average total “tax wedge” is the difference between the gross cost to a company of employing one person and what that worker takes home after income tax and employee and employer social insurance taxes. The OECD finds that this wedge stood at 36% in 2014, up 0.1 percentage points from 2013 for its 32 member countries. The average tax burden was 35% in 2010. The burden increased in 23 OECD member countries in 2014, though no country increased marginal tax rates.
Governments were able to make this tax grab on the sly thanks in part to bracket creep. As nominal income rises, a taxpayer can find himself in a higher tax bracket even if inflation means his purchasing power hasn’t increased at the same pace. Rising nominal incomes also diminish the relative value of personal allowances and deductions that generally don’t keep up with inflation, and in some cases were reduced. Continue reading
By Jennifer Stisa Granick and Christopher Jon Sprigman Forbes
It seems that every day brings a new revelation about the scope of the NSA’s heretofore secret warrantless mass surveillance programs. And as we learn more, the picture becomes increasingly alarming. Last week we discovered that the NSA shares information with a division of the Drug Enforcement Administration called the Special Operations Division (SOD). The DEA uses the information in drug investigations. But it also gives NSA data out to other agencies – in particular, the Internal Revenue Service, which, as you might imagine, is always looking for information on tax cheats. Continue reading
Charlottesville City Council voted to raise the meals tax by 1%. Combined with the city sales tax the tax on meals will now be 10.3%
Will you consider the new tax when choosing to eat out in Charlottesville?
Albemarle Board of Supervisors raised taxes for the second year in a row. The 2014 rate of 79.9 was raised to 82.9 for 2015. The Board of Supervisors raised taxes more than the professional non-partisan County Executive asked. Several non-governmental agencies, including the Legal Aid Justice Center, the Municipal Band and Virginia Cooperative Extension Service received funding.
When do the people of Albemarle get a raise?
By Chris Suarez Posted on Apr 14, 2015 Daily Progress
Owners of Albemarle County property will be paying a higher real estate tax rate this year.
After advertising a 2.5-cent increase to the real estate tax rate last month, the Board of Supervisors has passed a tax ordinance to raise the rate by 2 cents. County property owners will now pay 81.9 cents per $100 of assessed value.
The tax ordinance and 2016 fiscal year budget totaling $372.3 million were approved by a 4-2 vote Tuesday. Supervisors Jane Dittmar and Ken Boyd voted against raising the tax rate beyond an initial 1-cent hike proposed in the budget County Executive Tom Foley presented earlier this year.
The fiscal year 2016 budget totaled $352 million. Continue reading
Posted: Jan 30, 2015 1:44 PM EDT Updated: Feb 13, 2015 1:57 PM EDT
ALBEMARLE COUNTY, Va (WVIR) – Property values in Albemarle County are up, which means real estate bills will go up too. Homeowners will receive reassessment notices this week and the real estate bills will be mailed out in April. The county’s total “fair market value” is up more than 2.5 percent over last year. Continue reading
Listen in on Sunday, January 13th, 2013 at 8:00pm.
The American Maverick Show is a national affiliate of Red State Talk Radio Network.
Carole will provide perspective from the Tea Party about the fiscal cliff, challenges facing our country, and the direction of the Tea Party for 2013 and beyond.
Call in to speak with the host (951) 729-8928
The December jobs figures out today indicate that there were 725,000 more jobs in the private sector than at the end of 2008 — and 697,000 fewer government jobs. That works into a private-sector gain of 0.6 percent, and a government sector decline of 3.1 percent.obs, the past four years have been a wash.
What could go wrong, right? According to Utah Republican Senator Mike Lee, members of the upper chamber had — at most — six minutes to read the “fiscal cliff” bill before they voted on it. Little wonder, then, that the so-called “compromise” ….Read More