Tax
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Eyman Ally: I-1033 Will Fix Regressive Tax System...$1 million in annual property taxes he pays on his Medina mansion. • Slash the taxes on billionaire Paul Allen's waterfront home, on Mercer Island, by up to $150,000. • Over time eliminate $1.7 million of the annual property taxes that... In this article: Tim Eyman, Tax, Paul Allen, Bill Gates, Mercer Island, and Washington |
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Puget Sound Business Journal | September 18, 2009
Allen could lose control of Charter: Report
...plan Sept. 30, the Post reported. Allen had hoped to restructure the company's debt in a way that he kept voting control but isn't liable for $1 billion in taxes, according to the Post. He, along with Apollo Management and a group...
In this article: Paul Allen, Apollo Management, Charter Communications, U.S. Bankruptcy Court, Bankruptcy, New York Post, and Microsoft Corp.
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NY Post: Business | August 21, 2009
CHARTER IN BOND-AGE
...a reorganization of the country's fourth-largest cable company. The plan would leave Allen with the biggest voting stake and keep the company's tax structure intact. However, JPMorgan and other senior Charter lenders object to the...
In this article: Paul Allen, Jpmorgan Chase, Cash flow, Bankruptcy, Charter Communications, and Microsoft
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ALLEN'S WRENCHED OVER CHARTER DEAL
...losses as a result of its struggles. However, Allen has personally benefited from Charter's billions in losses by applying that red ink to his profitable investments, thus reducing his tax burden. "I think if we made a decision based...
In this article: Paul Allen, Bankruptcy, James Peck, Vulcan Ventures, Apollo Management, Leon Black, Charter Communications, and Microsoft
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Bright Side of the Sun | May 09, 2009
NBA free agency series: Southeast Division
...Sergio Rodriguez ($1.5m) to Washington. The Wizards would save about $9m in the deal which would get them back around the luxury tax line and Sergio is a better option backing up Arenas then James. There will be other teams though willing...
In this article: Atlanta Hawks, Orlando Magic, Washington Wizards, Miami Heat, Raymond Felton, Charlotte Bobcats, Mike James, and NBA
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Blazer's Edge | June 22, 2009
Quick: PA OK's Afterburners
...about it- it is what it is. Mortimer You are absolutely correct that in the current economic climate of the NBA, Paul Allen could easily say, "Well, we're finally below the tax line significantly. Go ahead and fill the roster but position...
In this article: Portland Trail Blazers, Brandon Roy, Nicolas Batum, Portland, Martell Webster, Paul Allen, NBA, and Travis Outlaw
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Seattle Weekly | January 23, 2009
Picking on The 'Wrong Armenian'
...with interest and other taxpayer costs). Yousoufian was a hotel owner in the University District and worried about the impact of a hotel-motel tax to fund the stadium for billionaire Paul Allen. He made a public records request to see...
In this article: Seattle, Gary Locke, Paul Allen, and Ron Sims
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Seattle Post-Intelligencer | July 04, 2008
Nagging question: Fix KeyArena?
...toward getting a replacement. Bennett will owe the city $30 million if a new team doesn't come to Seattle by 2013, assuming the Legislature also approves a tax plan for KeyArena by the end of next year. "This region is going to need to...
In this article: NBA, Clay Bennett, Seattle, Sonics, KeyArena, and Steve Ballmer
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Seattle Times | November 20, 2007
Politics Not all favor push to reinstate I-747 Seattle Times Newspaper
...$25,000. Microsoft's Bill Gates gave $20,000. Paul Allen's Vulcan gave $10,000. Dugovich is resigned to the fact that the Legislature will impose a tax cap. He said, "There's got to be some kind of thoughtful process, though," because 1...
In this article: Tim Eyman, Plaintiff, and Christine Gregoire
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Washington Monthly | July 19, 2009
Jerry Jones, helping 'the country and this world'
...sounds public to me. Stadium Financing: Extension of county issued bonds serviced by car rental and hotel tax to raise $75 million; 6 additional lottery games to raise $91 million; Paul Allen to provide $100 million. Seattle taxpayers are...
In this article: Jerry Jones, Arlington, NFL, Dallas, Cash cow, Cowboys Stadium, Dallas Cowboys, Paul Allen, and Recession
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Description from Wikipedia:
To tax (from the Latin taxare: to estimate, which in turn is from tangere: to touch) is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state.
Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."
In modern taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. Tax collection is performed by a government agency such as Canada Revenue Agency, the Internal Revenue Service (IRS) in the United States, or Her Majesty's Revenue and Customs (HMRC) in the UK. When taxes are not fully paid, civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) may be imposed on the non-paying entity or individual.
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