Yahoo News: on Corporations
John Hickenlooper:
Treat dividends & long-term capital gains as ordinary income
Gov. Hickenlooper also wants to change the way capital gains are taxed. For instance, he supports treating dividends and long-term capital gains as ordinary income (with exceptions for long-term capital gains linked to small businesses, primary
residences and retirement accounts), including gains realized when the asset owner dies. He also wants to adjust taxable long-term gains to account for inflation over the period that an asset is held.
Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary
Aug 12, 2019
Tom Steyer:
Calculate CA corporate income tax based on in-state sales
Billionaire Tom Steyer is the latest Democratic candidate to throw his hat into the ring. So far, he hasn't proposed any specific new tax law changes since joining the race.
However, last year he did call for a 1% "wealth tax" on assets greater than $20 million and an unspecified estate tax increase.He also has a history of throwing his money behind progressive causes, including efforts to:-
Raise cigarette taxes in California;
- Require out-of-state businesses to calculate their California corporate income tax based on the percent of sales in the state; and
-
Adopt a carbon tax in Washington.
That should give voters some idea where Steyer stands on tax issues.
Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary
Aug 12, 2019
Wayne Messam:
Trump tax cuts disproportionately benefits big business
Mayor Wayne Messam rails against President Trump's 2017 tax reform law. The condemnation is familiar--the Tax Cuts and Jobs Act, he says, disproportionately benefits big business and millionaires.Beyond bashing the TCJA, Mayor Messam's overall plan
to wipe out student loan debt has some tax proposals in it. First, any canceled student loan debt would not be taxable income under the plan. Second, Mayor Messam has called for a new payroll tax on employers to help offset the cost of higher education.
Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary
Aug 12, 2019
Page last updated: Jun 28, 2023