Discover and read the best of Twitter Threads about #taxes

Most recents (24)

@Mary_M_Hicks @realdealtransam @Jeffery1313 @JohnFetterman Here’s another opportunity. There’s plenty of private equity investment going on in Pennsylvania.
@Mary_M_Hicks @realdealtransam @Jeffery1313 @JohnFetterman How about one that will keep us all healthier?

Impact Fees on the Cracker Plant and the coalition of corporations that got all the $1.5 billion worth of tax credits on the backs of the taxpayers?

$1.5 billion‼️ stop giving these corporations that are poisoning #TaxCredits
@Mary_M_Hicks @realdealtransam @Jeffery1313 @JohnFetterman There’s lots of ways we’re being ripped off while being poisoned & Taxed. Do we want a future? Do we want people to work in municipalities & for the state? Or have we been sold on privatizing federal funding? = #TAXES
The merger of corporations w/the state: Benito’s #Fascism
Read 6 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
"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
Don’t know how to read a smart contract properly?

Don’t know how to mint from the contract itself?

Looking to create an NFT project but don’t have the capital to hire developers?

Here at Carver Labs, we got you covered.

🧵A thread on our future.🧵
At Carver Labs, we will teach you how to properly read a smart contract and etherscan to understand and feel more safe when minting.

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!👇
Read 6 tweets
What if I told you that the Fed didn't fix inflation the last time it happened in the US? What if central planning ultimately fails, and it takes reduced taxes and regulations to get out of supply crunch driven stagflation? What if @hkuppy told you too?…
"The issue was that the US specifically disincentivized US producers and importers. Ronald Reagan signed an Executive Order in January of 1981 to eliminate oil price controls and then removed Jimmy Carter’s idiotic Windfall Profits Tax a few years later." #oil @AdvInCap
1/ "President Reagan’s Economic Recovery Tax Act was signed into law in August of 1981, designed to reduce tax rates and incentivize investment by rewarding risk-taking by businesses. In particular, the Accelerated Cost Recovery System served to accelerate depreciation,
Read 4 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.

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
Making more money is just a vanity metric

I give zero props for increasing your top-line income

But I give massive props for increasing your disposable income by saving on your biggest expense: Taxes

Here are 10 ways the rich save on taxes by buying real estate
🧵👇 #taxes
1) Depreciation - Phantom Expense

A theoretical expense on paper, which offsets your rental income.

IRS allows this as properties wear down over time.

You can even defer taxes at the sale with a 1031 exchange(explained later)
2)Buy, borrow and die!

When you sell, you halt compounding and on top pay exit costs.

IRS doesn't tax on appreciation so you can just hold the asset for that passive income.
Read 14 tweets
*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets

Covered topics include: #IRS & crypto tax rules, Capital gains tax explained, crypto tax forms explained, how to reduce crypto taxes👇

source via @cointelli
#cryptocurrency Image
[2/20] In the early days of the #crypto market, when trading was yet to be strictly regulated, many investors were able to avoid paying taxes on their trades. But times have changed. The #IRS is cracking down on crypto taxation, and a growing number of
traders are facing audits
[3/20] The good news is, #crypto taxes don’t have to be as complicated as they sound. This guide walks you through the nitty-gritty on how to report crypto on your next round of taxes. We’ll cover everything from which crypto events are taxable, to how crypto is taxed.
Read 20 tweets
It was a pleasure to present first thoughts of my master's thesis on #MMT and #degrowth at the @WSSAcon in Denver. I’m currently writing my thesis at @presseunikassel and @LevyEcon. I’d happy for any comment and feedback. A thread 1/
When the government spends, it must either collect #taxes or take on #debt – so the widespread assumption. A growing economy does not pose a problem, as long as g > r the debt-to-GDP ratio declines over time, particularly if loans have low interest rates and long maturities 2/
However,if the economy stops growing or if it even declines, the debt ratio rises and tax revenue declines. If one assumes that the economy should not grow endlessly for socioecological reasons #degrowth @timparrique @MGSchmelzer, how can government spending then be financed? 3/
Read 13 tweets
Just a friendly reminder @moderna_tx told the @SECGov that the @US_FDA defines #mRNA as gene therapy. And called it an unprecedented new category of #medicines tho they really want that #vaccine classification anyways for liability protections & fear the public wouldn’t take it.
They know the #COVID19 #vaccine isn’t a vaccine but human #gene #therapy.
The @US_FDA #fda reaffirmed their definition of modified viral #nucleic acid that alters #CELL Jan 30th 2020 #COVID ImageImageImageImage
Read 16 tweets
Tax Saving tips you probably didn't know 😯

Read the 🧵to reduce your tax liability in the current year (2021-22)

Hit “Re-tweet” to share the information with maximum people


#taxes #TaxSeason #investing
1) Booking Capital gains :

The Long term capital gain on equity shares & MFs are taxed at the rate of 10%, if your gain is more than Rs. 1 lakh.

So, you can strategically plan your long term investments by booking LTCG upto 1 lakh and reinvesting the money next day.

2) Tax-loss harvesting

If any of your equity holding is experiencing a consistent fall & you feel that the security has lost most of its value & chances of a rebound are bleak, you can offset the loss against capital gains that your portfolio has earned over the period.

Read 8 tweets
The big event begins! Track all the latest on #Budget2022 right here with @ETNOWlive
@FinMinIndia @nsitharaman says this budget plans to steer India over the next 25 years #Budget2022
@FinMinIndia @nsitharaman kicks off talking about #disinvestment. Completion of #AirIndia, Neelachal Ispat and #LICIPO #Budget2022
Read 49 tweets
Newly-elected Chairman @billgatesaz is outlining his vision for Maricopa County in 2022. Watch live:…. This thread will share highlights.
@billgatesaz Gates says the community has been tested “by a novel virus that has not just threatened our health, but our compassion for one another… an uncertain labor market and rising prices… and the greatest single challenge to our democracy in my lifetime and likely yours."
“Our quality of life depends on the quality of our democracy. The quality of our democracy is directly tied to the strength of our democratic institutions. And right now those institutions, including @maricopacounty government, are at risk because of widespread misinformation.”
Read 16 tweets
Elearnmarkets presents Learn2Invest✨

An Exclusive Series by @vivbajaj where everyone can learn the art of investing!

Summary of Episode 4: Impact of Income Tax on your Investments💵

A thread(🧵)... Image
In one sense, when you're #investing, you're giving back to #Society, because you're giving them money.

The fact that you're giving to someone else means that Economic activity grows👇
Even in a #Bank, when you're #investing in a Savings Account, the bank will give you a little interest.

It will give that money in the form of a loan to some company or even give you back the same in the form of some EMI. 👇
Read 24 tweets
For the return of the #UNMBioblog after our year hiatus, I chose to write about the negative consequences for cats, humans, and #wildlife when we allow #cats to roam freely. I couldn't help myself with the punny title.…
I was inspired to write this blog after I witnessed my neighbor's outdoor pet #cat killed a #bird under my feeder. A heated argument ensued. I know nothing has changed because I still scare him out of my backyard. I've counted 9 different cats in my backyard, here is one
I am a paradoxical #catlover, which stems from my #science & #ornithology career. I know how cute it is for my own #cat to frolic in flowers but I understand how dangerous it is for #cats, human #health, & #wildlife when cats roam #CatsOfTwitter #Caturday #catsofinstagram
Read 37 tweets
Officially, the German federal government wants to save nothing less than the world #climate. In order to achieve this megalomaniac goal, it does not shy away from any expenditure that costs our economy around 50 billion euros annually in the form of high taxes and subsidies. /1
This moralizing #climate activism makes every German citizen poorer by at least 600 euros per year. /2
But among the heads and chief ideologues of large lobby organizations, there is the naive hope that this massive transformation will finally make #Germany the world champion exporter again - through the export of #climate technology. /3
Read 11 tweets
1/ @POTUS @JoeBiden @DrBiden @FLOTUS @SpeakerPelosi @VP @SenWarren @SenSanders One simple but significant step toward achieving #studentloanrelief may come under the umbrella of bankruptcy reform. Someone should propose an immediate release of the #draconian requirement that
2/ #SL, comparable to any other debts, including #taxes, are more valuable & thus require a higher #burdenofproof to obtain relief compared to other bankruptcy discharges (Chap. 7) or debt reorganizations (Chap.13). No other debt requires what SL do. @FAFSA states that to receive
3/ #studentloan relief in a #Chapter7 or #Chapter13 case, one must "declare Chapter 7 or Chapter 13 bankruptcy & demonstrate that repayment would impose undue hardship on you & your dependents. This must be decided in an adversary proceeding in bankruptcy court. Your creditors
Read 7 tweets
Daily Bookmarks to GAVNet 07/26/2021…
400-year-old baroque restaurant Three Roses receives a sensitive facelift…

#monastery #restaurant #architecture #preservation
These microscopic robots swim through the ocean and dissolve microplastics…

#MicroscopicRobots #MicroplasticDegradation #OceanCleanup
Read 8 tweets

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