Discover and read the best of Twitter Threads about #Taxes

Most recents (24)

BREAKING: #BNNUK Reports.

Tory Party Chairman Nadhim Zahawi @nadhimzahawi claims HMRC @HMRCgovuk accepted a "careless and not deliberate" error in his tax affairs.

#UK #Taxes #Politics
In a statement, he said he wanted to address "confusion about my finances" following claims that he tried to avoid paying taxes and had to pay them back.

He said he had chosen to "settle the matter and pay what they said was due, which was the right thing to do".
@UKLabour has demanded that the former chancellor be fired. Mr Zahawi was forced to pay back tax owed with a 30% penalty, totaling £4.8m, according to reports.
Read 4 tweets
The Correct answer is (D)
(1/3) A corporate tax is a tax levied on the profits of a company/firm, and is paid on a company’s taxable income. Corporate taxes are collected by the government as a source of income.
(2/3)These taxes are based on taxable income, after expenses have been deducted.
Corporation Tax is an appropriation out of profits from business, interest on securities and dividends of the company.
Read 4 tweets
Chapter 21 is titled

“The Great American About Face:

“There Was a Time When Kindness Was a Noble Thing; Nightmare Apparent”

of *Culture War, Class War 2022: Truth & Generations*

by Michael Adzema

THREAD… sillymickel.blogspot.com/2017/10/cultur… #Blue #compassion #MeanSpiritedness

CW22 21/1
“[*Chapter 21 text begins:*] “You don’t know what I’m getting at. But this is the indicator of the gradual change in our country that would be missed by those younger than myself.”

THREAD… wp.me/p1C4cs-2HP #Blue #compassion #MeanSpiritedness #FBR #Republicans

CW22 21/2
“I only see this glaring discrepancy because of having lived many years in an America whose values were different, and who thought differently, more compassionately than today.”

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #FBR #compassion #Blue #MeanSpiritedness #resist

CW22 21/3
Read 125 tweets
Thread on OPEC
For those who are attacking OPEC. Hear me out:
1-9 I am a strong believer in free markets. Yet, natural resource economics dictate that natural resources need market management

2-9 Where did the idea of #OPEC come from?
Yep.. Texas Railroad Commission!
#Oil #OOTT
3-9 Just so you know in case you have no idea, Oklahoma and Texas used the armed national guards to occupy privately owned oil fields so both states can manage the oil market! This happened in the United States of America!
4-9 Has the US federal government managed the oil market? Yes, and for a long time via different means. For example, the US federal government adopted a communist-style price control that controlled all energy prices throughout the 1970s.
cato.org/commentary/rem…
Read 8 tweets
.@billmaher starts off with Colorado Governor @jaredpolis who espouses more #freedom and lower #taxes, a winning combination in my mind and a massive outlier in the Democratic Party. He was also more hands-off during #COVID than other leaders...

On @RealTimers
.@jaredpolis believes parents, not government, should be making the decisions for how closely to monitor your children. Refreshing! On @RealTimers w/@billmaher...
.@jaredpolis explains how his beliefs are similar to #libertarianism and gives a nod to his former colleague in the #Liberty Caucus, @justinamash.

On @RealTimers w/@billmaher
Read 3 tweets
Do we have to pay #taxes on the gifts we received on #Diwali ?

Diwali fever has passed. Everyone loves gifts. Each of us receives gifts from our loved ones, friends, clients, and bosses.

Keep in mind that not all gifts are tax-free. Some are taxed 🤯 Let's understand 🧵
Generally gifts are in form of Cloths, Sweets, Cash, Bonus, Vouchers, Cards, Gold, Shares, Securities, Jewellery, Bullion, and Virtual Digital Assets. #Crypto

As per @IncomeTaxIndia provisions, gifts of items defined as "movable property" are only subject to tax.
Gifts covered in definition of Movable Property are-

Cash, Diwali Bonus, Gift Vouchers, Gift Cards, Gold, Shares, Securities, Jewellery, Archaeological collections, Drawings, Paintings, Sculptures, Any work of Art, Bullion, and Virtual Digital Assets like #Bitcoin #NFTs
Read 13 tweets
8 ways to save taxes on your Salary🤑

A Thread🧵⤵️

#stocks #taxes
Be it taxes on salary, bonus or business income, nobody likes paying a part of their income to govt. So, here are some of the ways through which you can save your taxes⤵️
▣ Interest on Savings Account:

Section: 80TTA

Interest on savings accounts held in post offices, banks, etc is taxable under “income frm other sources”, but no TDS is deducted.

The max of Rs 10k can be claimed as a deduction.
Read 13 tweets
I did a comparison of tax systems in Europe/USA for in near venture/startup community of @aabulkhairov (uklad.vc).

Useful when you're doing a global #startups
A few highlights in the thread!

First, the salaries themselves vary greatly between continents 🚀 Image
For the U.S. I used #California median salaries (source @talentdotcom), and for Europe I used Portuguese salaries (median too from google first). In Europe, salaries are the same for ease of comparison taxes.

#salary #startups
— Residency is implied everywhere
— Also Single for US (different income tax for married)
— Typical staffing for #salary dispersion Image
Read 8 tweets
Chapter 17: “A Matrix of Misinformation:

“The Lies Themselves...When Did the People Themselves Become a “Special” Interest?”

complete chapter

- from *Culture War, Class War 2020: Truth & Generations*

by Michael Adzema

THREAD… sillymickel.blogspot.com/2017/10/cultur… #BlueWave2022

CW22 17/1
[*Chapter 17 text begins:*] “With corporations firmly backing Republicans, the Democrats in every election that I can recall—especially in the presidential elections—always were way underfunded.”

THREAD… wp.me/p1C4cs-2HP #Midterms #Blue #MAGAts #ClassWar #FBR

CW22 17/2
“*The Money Changing Everything—The Planting of Lies*

“Meanwhile the GOP is consistently overfunded because the Rich-publicans are carrying the wishes of those corporations into the board rooms of Congress along w their huge amounts of money.”

drive.google.com/file/d/1ySbhcO…

CW22 17/3
Read 194 tweets
Chapter 16

of *Culture War, Class War 2022: Truth & Generations*

by Michael Adzema, is titled,

“Your Mind Made Fertile for the Planting of Lies:

“Power Versus Passion, Money Versus Authenticity—Opposing Ways of Changing America”

READ BOOK… sillymickel.blogspot.com/2017/10/cultur…

CW22 16/1
“[*Chapter 16 text begins:*] In the last sixty years, Americans have experienced unprecedented changes in their lives, their lifestyles, in what it means to be alive & human in America in these times.”

THREAD wp.me/p1C4cs-2HP #Midterms #Blue #MAGAts #ClassWar

CW22 16/2
“Rarely have societies experienced this kind of change. What is even more astounding is the way the changes send us shooting dramatically in one way & then in the other direction.”

READ/DWL BOOK.. drive.google.com/file/d/1ySbhcO… #Midterms #Blue #MAGAts #ClassWar #corporations

CW22 16/3
Read 95 tweets
Ch 24, “Money Madness:

“The Wealthy Are the Creative Sector...

"Creative in Devising Schemes Putting *Our* Money in *Their* Pockets”

Quotes/Highlights THREAD

Fr *Culture War Class War 2022: Truth & Generations*

by Adzema

(publ'd 10/2022)

sillymickel.blogspot.com/2017/10/cultur…

CW22Q 24/1
Quotes/Highlights THREAD

From *Culture War Class War 2022:

*Truth & Generations*

by Michael Adzema

(available on website, as well as a free pdf file, & on Amazon in print & ebook, as of Oct 2022)

READ &/or dwnld entire BOOK free AT SITE... wp.me/p1C4cs-2HP

CW22Q 24/2
[*Quotes/highlights:*] “…when you hear the same things again & again, even black-and-white facts can be put up for dispute.” []

READ/DWL BOOK drive.google.com/file/d/1ySbhcO… #BlueWave #Midterms #Matrix #ClassWar #Democrats #FilthyRich #taxes #resist #Republicans #healthcare

CW22 24/3
Read 51 tweets
Chapter 22, titled, “Better Off Than Fifty Years Ago?

“Rules Made to Benefit the Wealthy Are Now More Important Than Life”

Quotes/Highlights THREAD

Fr *Culture War Class War 2022: Truth & Generations*

by Michael Adzema

(published 10/2022)

sillymickel.blogspot.com/2017/10/cultur…

CW22Q 22/1
Quotes/Highlights THREAD

Fr *Culture War Class War 2022:

*Truth & Generations*

by Michael Adzema

(available on website, as wells as a free pdf file, & on Amazon in print & ebook, as of Oct 2022)

READ &/or dwnld entire BOOK free AT SITE...

wp.me/p1C4cs-2HP

CW22Q 22/2
“[*Quotes/highlights:*] “…these days you have the attitude, ‘A dollar laid is a dollar played’; people’s suffering is irrelevant to the game.” []

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #Blue #Midterms #ClassWar #resist #Republicans #taxes #FilthyRich #economics

CW22 22/3
Read 50 tweets
Ch 21, titled, “The Great American About Face:

“There Was a Time When Kindness Was a Noble Thing; Nightmare Apparent”

Quotes/Highlights THREAD

From *Culture War Class War 2022: Truth & Generations*

by Michael Adzema

(published 10/16/2022)

sillymickel.blogspot.com/2017/10/cultur…

CW22Q 21/1
Quotes/Highlights THREAD

From *Culture War Class War 2022:

*Truth & Generations*

by Michael Adzema

(available on website, as wells as a free pdf file, & on Amazon in print & ebook, as of Oct 2022)

READ &/or dwnl entire BOOK free AT SITE... wp.me/p1C4cs-2HP

CW22Q 21/2
[*Quotes/highlights:*] “You don’t know what I’m getting at. Yet this is the indicator of the gradual change in our country that would be missed by those younger than myself.” []

READ/DWL BOOK... drive.google.com/file/d/1ySbhcO… #Midterms #compassion #Blue #MeanSpiritedness

CW22 21/3
Read 42 tweets
This morning’s rant will be about Prop 121, how important it is that #workingfamilies understand our role in #taxpolicy and fighting for #fairtax to reach #economicsecurity

CO’s flat income tax rate means the wealthy always pay less in taxes than me & probs you #copolitics
First of all, this is a great ballot guide if you care about economic security and recovery. @BellPolicy nerds out on this stud so we don’t have to. They have produced tons of data throughout the years to show us what it means to thrive or struggle in Denver, & CO.
#copolitics
First, it is a #VOTE NO on prop 121 ya’ll, let’s get into it:

This prop would lower income taxes across the board. But it isn’t what you think it is. We can’t afford to lower taxes, we have to make #fairtax possible by finding ways to make them #equitable
Read 12 tweets
Lots of confusing terms used in #Texas politics: to clarify, a tax rate that is above the "no-new-revenue" rate means rate payers will pay more next year than last year. #Taxes
1/3
But the "no-new-revenue" rate does not necessarily mean the government entity will collect the same amount; in most cases next year they will collect more revenue due to new properties added to the tax rolls.
2/3
Even if the tax rate is lower next year than this year, if your appraised value is higher, you will pay more in taxes this year over last year.
#Houston #HarrisCounty
3/3
Read 4 tweets
1️⃣The new #governments emerging from #web3

What do governments do?

They collect #taxes and #buildpublicgoods such as roads, bridges, dams, etc.(this is oversimplified)
They also print money cause inflation and taxes people indirectly! Public Goods
2️⃣who is deciding which public goods to fund?

Mostly by the government representatives who are elected by the people. Most of the government's representatives, don’t represent people's interests most of the time because of personal biases, and corruption. Image
3️⃣25 Trillions $ spend year on public goods.
As the strength of the chain depends on the weakest link. The weakest link in the current government power structure are the corrupted representatives who make decisions in favor of their personal benefits.
Read 10 tweets
“Ch 16,” titled, “Your Mind Made Fertile for the Planting of Lies:

“Power Vs Passion, Money Versus Authenticity—Opposing Ways of Changing America”

Quotes/Highlights THREAD

From *Culture War Class War 2022: Truth & Generations*

(pub 10/22)

sillymickel.blogspot.com/2017/10/cultur…

CW22Q 16/1
Quotes/Highlights THREAD

From *Culture War Class War 2022:

*Truth & Generations*

by Michael Adzema

(available on website now & being published Oct 2022)

READ &/or dwnld entire BOOK free AT SITE...

READ BOOK… wp.me/p1C4cs-2HP #Midterms Blue Wave #MAGAts

CW22Q 16/2
[*Quotes/highlights:*] “…we do have these preconceptions about status & money that affects what we think is more important or powerful.”

THREAD… sillymickel.blogspot.com/2017/10/cultur… #Midterms Blue Wave #MAGAts #ClassWar #corporations #BlueWave #taxes #Trump #Republicans #lies

CW22Q 16/3
Read 25 tweets
On poursuit notre série sur le thème du #climat et des #inégalités avec un focus sur la fiscalité #carbone.
En quoi peut-on dire qu’elle est inéquitable ? ⛽

🤝 Une collab' @onestpret x @datagora
@onestpret @ofceparis @CAEinfo @Ecologie_Gouv @cdion @Youth4Climatefr @CamilleEtienne_ @RACFrance La #fiscalité environnementale 💶 est essentiellement portée par les #taxes sur l’énergie. Pourquoi peut-on parler de fiscalité est-elle régressive ?
Une analyse réalisée en 2018 par l’@ofceparis nous montre à quel point la situation est paradoxale.

Les plus modestes émettent moins de #CO2 que les plus riches…
Read 9 tweets
[thread] Are #energy #taxes and #subsidies in the #EU & #UK aligned with the stated #climate targets? If you ever wanted to know the answer, please check out a new book by Philip Booth and myself “Carbon Conundrum: How to Save Climate Change Policy from Government Failure” 1/n
#Climate change is real, it is caused by man-made emissions and – if unchecked – will impose huge costs. Sound policies may promote cost-effective emissions cuts; but ill-designed policies shall inflict unnecessary costs while not achieving the desired environmental targets 2/n
Energy is both taxed and subsidized. In principle, taxation should reflect negative externalities and subsidization should reflect positive externalities in order to align the private and social costs of using energy 3/n
Read 13 tweets
Benjamin Franklin once said, "in this world, nothing can be said to be certain, except death and taxes". 😎
Short 🧵#spreadsheets #excelsheets
Here is a LAMBDA function that calculates PAYE #taxes in #Kenya using current brackets
#excelspreadsheet
=LAMBDA(salo,
LET(maxAmt, 32333.33,
minAmt, 24000,
minT,2400,
midT, 2083.33,
SWITCH(TRUE,
salo>maxAmt, ((salo-maxAmt)*0.3)+minT+midT,
salo>minAmt, ((maxAmt-salo)*0.25)+minT,
salo=minAmt,minT,
TRUE, 0)
)
)
#Excel
Read 3 tweets
"The emergence of #government as organized #violence-cum-#robbery"
SFI Seminar by @CoenTeulings (@UniUtrecht)

Video link:


Follow this 🧵 for highlights + slides! Image
"What's the motivation of this paper? We've seen in most of these locations that there was an #emergence of some form of hierarchical #government [correlated with] a monopoly of #violence and increased #inequality [and] most people lost."

- @CoenTeulings (@UniUtrecht) ImageImageImageImage
Citing work led by SFI's Tim Kohler in 2017 showing the increase in #inequality (as measured by #GINIcoefficient) as society evolves greater political #scale and more complex/abstract means of production: Image
Read 10 tweets
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🧵A thread on our future.🧵
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We will also teach you how to mint directly from the contract itself, for extra security.

Too many scams out there, better to be safe than sorry
All holders of @TheStoneAgeNFT Chomp NFT will have access to these benefits for FREE.

All holders will also have access to a solidity development team to help you drop your own NFTs / project.

Mint is still live!👇
mint.thestoneage.io
Read 6 tweets
FM #NirmalaSitharaman announces a slew of measures to curb inflation, citing PM #NarendraModi's commitment to help the poor and common man, including a Rs.8 reduction in central excise duty per litre of #petrol and a Rs.6 cut in the duty on #diesel, reports @tragicosmicomic
She exhorted all States, especially those that had not cut State levies when central #taxes on #fuel products were cut the last time in November 2021, to implement a similar cut and give relief to the common man.
A subsidy of Rs. 200 per gas cylinder for upto 12 cylinders a year, will be granted to over 9 crore beneficiaries of the PM Ujwala Yojana.
Read 5 tweets
It is regrettable that Raghuram Rajan (RR), Ex Governor RBI, is losing no opportunity trying to derail the India story hence, needs to be rebutted point-wise:

He says India’s ‘anti minority’ image will lead to loss of market.

Facts:….1/8
Record exports 670 billion in FY22 entering the top 10 exporting countries.

Recently, #japan signed up to invest 42 B in next 5 yrs, India signed free trade agreement with #australia set to double trade in next 5 yrs, FTA will be signed with UK before Diwali this year….2/8
& signed whole host of #tech agreements with US in areas ranging from the skies above to the bottom of the seas below.

Indian economy set to grow between 8 to 9 percent this year.

Hence, forget losing, India set to gain market #india hugely in coming years….3/8
Read 8 tweets

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