PARIS (AP) — French President Emmanuel Macron tried to reassert control over a nation wracked by increasingly violent protests with offers of tax relief for struggling workers and pensioners — and an exceptional admission Monday that “I might have hurt people with my words.” It may not be enough. Even as Macron broke his silence on the protests in a brief televised address, yellow-vested demonstrators vowed to keep up the pressure on a man they see as arrogant, out-of-touch and “president of the rich.”“We are at a historic moment for our country,” the French leader said from the presidential Elysee Palace. “We will not resume the normal course of our lives” after all that has happened.Speaking with a soft voice and gentle tone, Macron pleaded for a return to calm after almost four weeks of protests that started in neglected provinces to oppose fuel tax increases and progressed to rioting in Paris and a plethora of broad … [Read more...] about Macron vows tax cuts, pay rise; will France’s anger subside?
Taxing bonus pay
On Wednesday afternoon, as Donald Trump sulked over not receiving sufficient credit for his historically unpopular multi-trillion- dollar corporate tax-cut bill, the good news began to roll in. Within hours of the legislation passing Congress (without a single Democratic vote), a number of large companies announced sizable bonuses for their employees. At AT&T, more than 200,000 workers will receive $1,000 bonuses once the bill is signed into law. Comcast NBCUniversal will do the same for more than 100,000 eligible non-executive employees, according to Axios. Wells Fargo and Fifth Third Bancorp said they would be increasing their minimum wage to $15 an hour, and Wells Fargo announced it would give away $400 million to charity. The Boeing Company said in a statement that it is “still studying all of the provisions of the new legislation” but plans to spend $300 million on, among other things, charitable contributions and employee-development programs. This is, on the one … [Read more...] about Corporate America’s Big Tax-Bonus Giveaway Is a Scam
David Zalubowski/AP An instructor carries a placard as she marches to Denver Public Schools headquarters to deliver Valentine Day cards on Feb. 13, 2019, in Denver. When teachers walked off their jobs Monday to challenge the incentive pay system that many argue is unfair, it was the first strike by teachers in Denver in 25 years. Loading... February 14, 2019 By Colleen Slevin and Carolyn Thompson Associated Press Denver Denver teachers went on strike to improve their pay, but the fight wasn't that simple.Emboldened by teacher activism nationwide and struggling to live in a rapidly growing city, Denver educators are challenging one of the nation's oldest incentive pay systems, which is endorsed by the teachers union and education reform advocates and funded by a voter-passed property tax increase in 2005.The system known as Professional Compensation, or ProComp, allows teachers to add on to their base salary by earning bonuses of up to $3,000 a … [Read more...] about Denver teachers strike for higher wages, exposing US divide over bonus pay
An "adulting conference" this week allowed Kentucky high school seniors the chance to learn how to change a tire, how to cook and other basic life skills — things that they may not have learned at home or in classes. A series of photos posted by Bullitt Central High School on social media shows students learning about personal finances, resumes, and other essential skills at the event, which has drawn attention from local and national news outlets. The school is located south of the city limits of Louisville, Kentucky. Students could choose to attend three workshops out of 11 total options, the school says. The workshops were held in cooperation with numerous community partners. “I saw a Facebook post that parents passed around saying they needed a class in high school on taxes and cooking,” organizer Christy Hardin told Louisville's WAVE 3 News. Those skills are taught at school, she said, but the event gave students a chance to fill in … [Read more...] about ‘Adulting conference’ teaches students how to cook, do taxes and more
Can't pay your taxes? Don't make this huge mistake. If you owe money to the IRS that you can't pay, you're probably pretty nervous with the tax deadline approaching. While you may be tempted to skip filing your taxes and hope the IRS doesn't notice you owe money, that's a really bad idea. Not only will the IRS likely fine you, but you'll face much harsher penalties for not filing your tax returns than you'd face for not paying the amount you owe. When do you owe a penalty to the IRS? If you don't file your taxes when the IRS owes you money, you won't be penalized financially. However, you need to file to obtain any refund. You have until 2021 to file your return and still claim a refund on your 2017 taxes. If you owe money to the IRS, you need to file your tax returns and pay what you owe by April 17, 2018 for the 2017 tax year. If you can't file by the deadline, you can request an extension until October 15, 2018. An extension on your time to file is not an extension on the … [Read more...] about Why your tax return absolutely must be on time — even if you can’t pay on time