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tax News From AOL News

The Week in Weird (Penis Museum Edition)

By Tony DeconinckApr 16th 2011 – 9:07AM
Corbis

Corbis

Welcome to our weekly roundup of the strangest, weirdest and most exquisitely bizarre news items of the last seven days. After scouring hundreds of oddities, we found a few that really rise to the top -- or sink to the bottom, as the case may be. With the exception of a story about dogs with fake IDs, all the rest of the...

House Republicans Vehemently Oppose Tax Increases

Apr 13th 2011 – 7:49AM

WASHINGTON -- Leading congressional Republicans renewed their vehement opposition to tax increases Wednesday, as President Barack Obama prepared to put forth his new prescription for slow growth and national indebtedness. "Most people understand that Washington doesn't have a revenue problem, it has a spending problem,"...

Illinois Passes 66 Percent Tax Increase; Twitter Responds

By Mary Phillips-SandyJan 12th 2011 – 3:17PM

In a drastic move to cope with their state's $15 billion budget crisis, Illinois lawmakers have approved a bill that will temporarily raise the income tax rate by 66 percent. Gov. Pat Quinn, a Democrat, has said he supports the bill and will sign it soon. Under the new measure, Illinois' personal tax rate will climb from...

Romanian Witches Curse the Tax Man -- Literally

Jan 6th 2011 – 8:17AM
Vadim Ghirda, AP

Vadim Ghirda, AP

MOGOSOIA, Romania -- Everyone curses the tax man, but Romanian witches angry about having to pay up for the first time are planning to use cat excrement and dead dogs to cast spells on the president and government. Also among Romania's newest taxpayers are fortune tellers -- but they probably should have seen it...

Obama Predicts Tax Deal With GOP Will Pass

Dec 10th 2010 – 11:11AM

(Dec. 10) - Even though furious House Democrats rejected a White House deal with Republicans over extending Bush-era tax cuts, President Obama predicts any tax legislation that makes it through Congress will stay true to the existing "framework" of the compromise.

Background on tax

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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