Netflix May Increase Your Internet Fees
Taxes Thursday, December 1st, 2011
Just call it the Netflix effect.
Payroll Tax Cuts: Will They Bankrupt Social Security?
Taxes Wednesday, November 30th, 2011
By Amy Bingham, ABCNews.com The Democratic winds of high-income taxation are picking up and the Republican thunderheads of off-setting spending cuts are rolling in as Capitol Hill braces for yet another partisan thunderstorm. This time the battle is over payroll taxes, which fund Social Security, and whether to end, extend or expand the 2 percent [...]
Low-Tax Cigarettes, Made in Store, Draw City Lawsuit
Taxes Wednesday, November 23rd, 2011
Sometimes a cigar is just a cigar, as Freud supposedly said, but when is a cigarette a cigarette?
Obama Urges Congress to Prevent Payroll Tax Hike After Deficit Panel Failure
Taxes Tuesday, November 22nd, 2011
President Obama, after watching the deficit Super Committee collapse under the weight of partisan discord, on Tuesday urged Congress to prevent that failure from resulting in a payroll tax increase at the end of the year.
Ron Paul urges GOP not to ‘capitulate’ on pledge not to raise taxes as he refuses to rule out running as independent
Taxes Monday, November 21st, 2011
By DAILY MAIL Ron Paul has warned his Republican colleagues in the Congress that they better keep their pledge to not raise taxes. He says if they do ‘capitulate’ on taxes then people will make them pay. ‘If we fall back on these promises after having done so well and getting control of House again, [...]
GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits
Taxes Friday, November 18th, 2011
General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked.
Obama Praises Australia’s Draconian Carbon Tax
Taxes Thursday, November 17th, 2011
President Barack Obama has ominously praised Australia’s draconian carbon tax, even as details emerge over how the government plans to fine businesses up to $1.1 million dollars merely for suggesting the fact that the new tax will cause prices to rise.
Hensarling says GOP is willing to consider new Dem tax proposals
Taxes Wednesday, November 16th, 2011
The Republican co-chairman of the deficit-reduction supercommittee on Tuesday indicated he and his party were willing to listen to proposals from Democrats to consider higher taxes to reduce the deficit.
Boehner calls GOP deficit plan a ‘fair offer’
Taxes Tuesday, November 15th, 2011
WASHINGTON (AP) – The top Republican in the House says a recent proposal by GOP members of a special deficit committee is a “fair offer” despite criticism from conservatives who say it breaks the party’s pledge on taxes.
Chicago bar owners say alcohol tax hike will kill business
Taxes Monday, November 14th, 2011
BY TINA SFONDELES, Chicago Sun Times The usually tipsy pre-Bears game crowd at Butch McGuire’s on Division Street looked a bit different Sunday at a roundtable talk of a proposal that could increase Cook County’s alcohol tax by 50 percent. A vote by the Cook County Board could come as soon as Monday and would [...]
