Taxation News

Taxation News From AOL News

Obama Says He Wants Oil Producers to Boost Output

WASHINGTON -- As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. "We are in a lot of...

Obama's Pulpit Is Bully, but GOP Keeps Charging

WASHINGTON -- Running for re-election, President Barack Obama is employing powers not available to his Republican challengers. Just this week he's holding town halls in three states, arriving in grand style on Air Force One and granting coveted interviews to local TV news anchors. He doesn't have the field entirely to...

White House Releases Tax Returns for Obamas, Bidens

WASHINGTON -- President Barack Obama is making less money than he used to, though it's still a lot: He and wife Michelle reported income of $1.73 million last year, mostly from the books he's written, according to his just-filed tax return. That was down from the $5.5 million of a year earlier. The president, who has been...

Rich Paying Less Income Tax, Half of Households Pay None

WASHINGTON - Still scrambling to file your taxes? You'll probably take little consolation in hearing that the super rich pay a lot less taxes than they did a couple of decades ago. And nearly half of U.S. households pay no income taxes at all. The Internal Revenue Service tracks the tax returns with the 400 highest...

One Tax Preparer Doubles as a Sex Worker, The Other Does Psychic Readings

Most of Lydia Tinker's customers come to her because she does a great tax return, but some come back because they want a psychic reading. For the past 35 years, Tinker, a licensed tax preparer in La Mesa, Calif., has offered psychic readings from the spirit world to her customers, many of whom would simply be happy with a...

Taxation News From AOL

THE HUFFINGTON POST

Charity Tax Was Osborne's 'Biggest Error', Says Former Chancellor

George Osborne took his eye off the ball when it came to capping tax relief on charitable donations, former chancellor Lord Lawson said today.

THE HUFFINGTON POST - TECHNOLOGY

Bruce Kushnick: I Challenge Verizon to a Public Debate: Piano Optional

I challenge you to a public debate about our findings in our last report "Verizon's State-Based Financial Issues & Tax Losses" and the materials in our previous HuffPost articles -- and please make sure there's a tuned piano in the room.

THE HUFFINGTON POST - BUSINESS

Richard C. Milstein: Employee Benefits: An Incomplete 'Gross-Up' Of Government Discrimination

Recently, President Obama pronounced that he had come to recognize the equal rights of same-sex couples in marriage.

THE HUFFINGTON POST

Nancy Pelosi Defends Reframing Middle Class As People Making Up To $1 Million

House Minority Leader Nancy Pelosi (D-Calif.) on Thursday defended her push to permanently extend "middle class" tax cuts to people making up to $1 million, saying that drawing the line at $250,000 hasn't worked.

ENGADGET

Amazon to start collecting sales tax in New Jersey beginning July of next year

That's what you folks living within the Garden State will have to pay on Amazon purchases starting July 2013.

Taxation News From the Web

06/01/12 Foreign Accounts? Don't Forget June 30 FBAR Deadline Source: Forbes FBARs are those ever-present disclosure forms for foreign bank and financial accounts.
06/01/12 Quinton Takes a Dig At Home Affairs Source: AllAfrica.com The managing director of the diversified financial services group, Trustco, Quinton van Rooyen this week took a dig at the Ministry of Home Affairs and Immigration suggesting that the ministry should change its name to the "Ministry of Problem Affairs."
06/01/12 Breaking News: Warning on tax rate move 'havens' Source: Hamilton Advertiser - Hamilton - Lanarkshire - UK Other parts of the UK could become havens for affluent Scottish taxpayers if income tax is set at a higher rate north of the border, an accountancy firm has warned.
06/01/12 House unveils 2013 budget Source: The Pawtucket Times - Pawtucket RI A House Finance Committee meeting to unveil the General Assembly's 2013 budget was delayed by about four hours Thursday due to last-minute wrangling about what would be in and out of the final document.
06/01/12 Local business groups, Retail Council call for... Source: Fort Frances Times - Fort Frances ON - Canada Local chambers of commerce across the country and the Retail Council of Canada are calling for Ottawa to make immediate changes that would help them combat cross-border shopping.

Background on Taxation

To tax (from the Latin ; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law.

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