Taxation Archives - Page 14 of 25 - SC Small Business Chamber of Commerce

Can’t write today…too busy NOT taking “personal responsibility” for my life

By Frank Knapp / Taxation / September 18, 2012

Pittsburg Post-Gazette September 16, 2012 I’m a small businessman and I’m glad to pay taxes By Josh Knauer As a software entrepreneur, I find it ironic to see people going online to rail against taxes and government spending. The Internet grew from government research financed by earlier generations of taxpayers. So did computers, GPS technology […]

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Media correcting the lies

By Frank Knapp / Taxation, US Chamber / NFIB / August 31, 2012

It is satisfying to know that persistence in correcting false information pays off. One of the on-going lies about Obamacare is that it imposes a tax on small businesses. This lie has been told over and over by the National Federation of Independent Business (NFIB) that has taken millions of dollars from GOP-related organizations in

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Big business is doing fine

By Frank Knapp / Taxation / August 24, 2012

“Big business is doing fine in many places – they get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses.”

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Studies Reveal That at Least $21 Trillion is Hidden in Secret Tax Havens, Gap Between Rich and Poor Growing

By Frank Knapp / Taxation / July 23, 2012

(The auther of this report, James Henry, will be on my radio show just after 5:40ET today. The streaming audio can be foundhere.) Tax Justice NetworkJuly 22, 2012 At least $21 trillion of unreported private financial wealth was owned by wealthy individuals via tax havens at the end of 2010. This sum is equivalent to the size

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Déjà vu all over again…with a bad twist

By Frank Knapp / Federal Government, Taxation / July 10, 2012

Yesterday President Obama reiterated his position that he supports extending the Bush-era tax cuts for the lower 98% of all taxpayers for another year. Of course, that also means that he supports allowing those same tax cuts for the top 2% of tax payers to revert back to the Clinton-era levels (you remember the 90’s

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It’s a bird, it’s a plane, it’s . . . a Tax Penalty!

By Frank Knapp / Taxation / July 5, 2012

One of the big political stories yesterday was Republican presidential candidate Mitt Romney correcting his top advisor, Eric Fehrnstrom, thus giving us the accurate description of how the individual mandate to purchase health insurance will be enforced. Yesterday Mr. Romney called it a tax and on Monday of this week Mr. Fehrnstrom called it a penalty.

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New Jersey shows how to deal with Amazon

By Frank Knapp / State Government, Taxation / June 1, 2012

One of the big fights in the state legislature last year was over Amazon’s offer to build a distribution center in Lexington County (investing $90 million) and hiring 1249 employees. In exchange the state would not require Amazon to collect sales tax on any purchases from South Carolina customers for five years. The South Carolina

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Obamacare achieving its goal, slowly but surely

By Frank Knapp / Federal Government, Healthcare, Taxation / May 22, 2012

Small business owners are optimistic about their future says a recently released Bank of America survey. That’s the good news. The bad news is that small business owners are concerned about losing qualified employees to larger businesses because of benefits. According to the survey 18% said that providing competitive healthcare and retirement benefits is their

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Failed economic experiments

By Frank Knapp / Economy, Taxation / May 21, 2012

In the past 12 years we have witnessed two of the biggest failed experiments in how to improve the economy of countries. The first experiment was here in our country. In the 2000s we went on a tax-cutting spree for the wealthiest Americans, allowed multinational corporations to drastically cut their income taxes through offshore tax

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Military base closures and corporate taxes . . . time to connect the dots

By Frank Knapp / Taxation / April 25, 2012

States and communities in many areas of the country are gearing up to protect their military bases from closures expected. The reason given for the closures is the need to reduce the nation’s defense budget by $600 billion to address the country’s debt problem. South Carolina has a Military Base Task Force that will try

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