While there is a national debate over whether to extend tax breaks for the middle class and make millionaires pay more, New York Governor Andrew Cuomo has passed a similar measure in his state.
After Congress returns following the Thanksgiving holiday break they will decide if they are going to extend the payroll tax cut that benefits middle and lower income individuals and families. President Obama gave a speech in New Hampshire urging ...
Republican Senator Tom Coburn released a report today that exposes federal subsidies and tax breaks given to celebrities and wealthy Americans. In the report entitled “Subsidies of the Rich and Famous,” highlights the 30 billion dollars in subsid ...
No More Hiding Money Off-Shore?
The House passed a federal measure to help unemployed veterans find jobs. The new tax law bill is scheduled for a test vote in the Senate on Monday.
Recent reports, mostly engineered by left-leaning advocacy groups, showed that close to 300 of the nation’s largest corporations paid no federal income taxes between 2008 and 2011. And some received credits from the government. Citizens for Tax J ...
Governments all over the globe are facing rising debts and are trying to find ways to alleviate their mounting budget shortcomings. America and European countries are looking for ways to boost their revenue without adversely affecting their weak ...
On-line companies like Amazon and Overstock.com have been selling items over the internet without collecting state taxes for years. And states have been fighting this for as long, because they feel it deprives them of much needed revenue. A bill backed by two Republican Senators
President Obama and Congress want to repeal a law aimed at obtaining tax revenue from federal contractors who fail to pay their taxes. The bill is scheduled for a vote in the House on Thursday. Under the law, local, state and federal governments ...
The House Means and Ways Chairman, Dave Camp, has introduced a new tax plan aimed at reducing tax rates for corporations who make profits overseas. Camp’s plan would create territorial tax system and drop the corporate tax rate from 35 percent to ...
The GOP candidates for 2012 are jumping on the flat tax band wagon and have introduced new plans to simplify the tax code and reduce taxes for many people. A simplified tax code is desired by many citizens but it also eliminates many loopholes an ...
Major Swiss banks have been under investigation for helping many American taxpayers hide their incomes in offshore banks and are ready to settle by paying billions in settlements and revealing the name of clients they assisted, according to Bloom ...
Filing income taxes can be very difficult and many people could use the help of a tax attorney to explain the complicated tax code. A federal watchdog group conducting a independent survey discovered that millions of taxpayers wrongly took the ed ...
The Occupy Wall Street protests have bolstered the confidence of a California group hoping to put a millionaire tax on the ballot for next year. The California Federation of Teachers and other liberal groups are pushing to add a millionaire’s tax ...
By: Daun Lee
By: Daun Lee