Tag: taxes
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Colorado bingo nonprofits don’t always tell the IRS what they tell the state, some say nothing
Editor’s note: This is the last in a three-part series examing Colorado’s $110 million charitable gaming industry. Colorado nonprofits that rely on charitable gaming to raise funds – most through bingo nights – are required to file regular financial reports with state regulators that track how much money comes in, how much goes out and…
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EDITORIAL: Propositions LL & MM — good money after bad
As if Coloradans needed another reason to vote against the tax hikes of Propositions LL and MM — placed on this November’s ballot by our free-spending legislature — a new analysis released this week provides as good an argument as any. The Common Sense Institute’s latest report on the subject reminds us the fundamentally misguided…
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Will Colorado courts curb lawmakers’ backdoor taxes
During its August special session, the Colorado General Assembly passed several bills to raise tax revenue and partially fill the growing chasm between federal tax policy and progressive Democrats’ insatiable spending. Although the Taxpayers Bill of Rights (TABOR) in our state constitution requires a public vote on any “tax policy change directly causing a net…
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Women’s rights activists rally in Belgium fearing US plans for birth control supplies
Dozens of women’s rights activists have rallied near the U.S. Embassy in Brussels to protest what plans by President Donald Trump’s administration to destroy millions of dollars in family planning supplies meant for women living in hardship in Africa
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Here’s how this graduated income tax proposal would affect Colorado residents’ take-home pay
The measure that seeks to eliminate Colorado’s flat rate in favor of a graduated income tax contains a dozen brackets, with the highest levels set to accrue tens of thousands more in liabilities, while cutting them for individuals at the lower ends of the proposed spectrum. How it would impact individuals will depend on their…
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Ballot measure seeks tax hike for higher income earners in 2026
A coalition led by a Colorado think tank will file a ballot initiative on Wednesday to raise state income tax rates on annual household incomes and corporations with earnings above $500,000. The ballot measure, which sets up a “graduated” income tax, would also provide a tax break for households with incomes below the $500,000 threshold.…
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Arapahoe County grappling with ‘financial shortfall’
Arapahoe County is in a financial bind and asked community members to weigh in on possible solutions, which might include ballot measures to raise taxes, commissioners said in a State of the County address Thursday morning. “Arapahoe County has so many great things happening that it’s impossible to cover them all in this very short…
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Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party with a series of tax cuts that he hopes can turn the political tide ahead of a general election this year
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China, US hold economic talks as trade issues heat up on the campaign trail
Chinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election
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IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act