taxes Archives - The Chimes

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Dalet Valles, Editor-in-Chief • November 15, 2022

Borrowers face state income tax on student debt relief

Newsom plans to waive relief tax for California borrowers.

Dalet Valles, Editor-in-Chief • November 7, 2022

Gov. Gavin Newsom is urging the California State Legislature to waive taxes on student debt relief. California is included in the list of states — North Carolina, Wisconsin, Missouri, Arkansas, Indiana and Minnesota — that are planning to tax borrowers on the relief. STATES DECIDE Borrowers will...

Progressive tax systems centralize power to the rich

By creating a more exaggerated progressive tax system, you are giving the power of the political purse to the rich.

Logan Zeppieri, Opinions Editor • March 2, 2019

With the 2020 election on the horizon, many Democratic party candidates have already announced their presidential bid. However, common to the most well-known names—Corey Booker, Kamala Harris, Bernie Sanders and Elizabeth Warren—is their push for more and more extreme versions of the progressive...

Bernie Sanders’ BEZOS Act is an attack on the poor

Sanders’ new tax bill attempts to cure American corporatism by attacking the poorest working class.

Logan Zeppieri, Opinions Editor • September 7, 2018

On Sept. 6, Sen. Bernie Sanders, I-VT, introduced a senate bill that not-so-subtly targeted the CEO of Amazon, Jeff Bezos. The Stop Bad Employers by Zeroing Out Subsidies Act, or Stop BEZOS Act, will require companies who have 500 or more employees to pay a tax equal to their employees’ federal assistance...