President Obama this week defined what he believes should be the minimum “fair share” for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income.
On a dreary day last April, Tim Storm, the founder of FatWallet, and his 54 employees formed a convoy of some 30 cars, three moving trucks and a trailer laden with two fiberglass cows (one purple, one black), and drove five miles north from their old corporate home in Rockton, Ill.. to the new FatWallet headquarters in Beloit, Wis.
Hours before he plans to release his 2010 tax returns, Mitt Romney noted at the GOP debate in Tampa that under his opponent’s tax plan, he wouldn’t have paid any taxes at all.
By Ed O’Keefe, The Washington Post Congressional staffers owed about $10.6 million in unpaid taxes in 2010, a slight increase from the previous year and a growing slice of the roughly $1 billion owed by federal and postal workers nationwide. The figures come as Republican efforts to pass legislation allowing federal agencies to fire tax [...]
Mitt Romney has finally confirmed what everyone knew—he’s been a savvy investor. He may not be paying Warren Buffet’s reputed 11% rate, but he’s mostly paid 15%, a far cry from 35% on service income. We know wealthy people like Buffett and Romney benefit from a 15% dividends and capital gain rate.
There is nothing wrong with doing well.
Kim Kardashian may be famous for her curves, but it’s her flat taxes that are attracting attention of late.
There are only a few days left in 2011, but it is not too late to take advantage of a few options that will lower your 2011 taxes. Remember that December 31st is the final deadline, so act fast!
It looks like the millionaire surtax is going down again.
Every Republican presidential hopeful has a plan to cut taxes.
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