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 - BUSINESS

GOP Plays Offense In Health Care Fight

For Republicans, it's an irresistible trifecta: A bill that gives them an election-season chance to say they're fighting to protect jobs and cut taxes, even as it erodes financing for President Barack Obama's health care overhaul they despise.

THE HUFFINGTON POST - BUSINESS

Romney Plan Has Big Benefits For Himself

To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves.

THE HUFFINGTON POST

Mitt Romney Tax Plan Would Result In Him Paying Almost $5 Million Less Than Under Obama

To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves.

THE HUFFINGTON POST

David Cameron Defends Multiple Budget U-Turns

David Cameron insisted his Government had "resolve, strength and grit" as he defended a string of enforced U-turns on tax measures.

THE HUFFINGTON POST

"Middle-Class Millionaires"? Dissecting a Democrat's Misguided Move

Once again a Democrat's letting the Right set the terms of the debate.

taxation News From the Web

06/04/12 Tourist Tax Foes are Liars or Clueless, Supe-Backed... Source: Half Moon Bay Patch - Half Moon Bay CA Four days ahead of a critical vote, a group headed by local political heavyweights backing three ballot measures that would bring San Mateo County millions of dollars of other peoples' money accused its opponents of being either dishonest or misinformed.
06/04/12 Big tip: Waitress gets feds' check for $434K Source: CBS - 32 WLKY - Louisville KY Veteran Cleveland waitress Ginny Hopkins opened her mail to find a federal check for nearly $435,000.
06/04/12 Obama win could cost Romney $5 million in personal... Source: NBC - WNWO 24 - Toledo OH To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves.
06/04/12 POLL: Do you support Cabrillo Unified's $81M bond... Source: Half Moon Bay Patch - Half Moon Bay CA Measure S, an $81 million tax bond measure to repair Cabrillo Unified School District facilities and provide computers and other technology, is on the June ballot, and tomorrow's election outcome will determine how much support this tax measure really has with voters.
06/04/12 Delhi withdraws 5% VAT on CNG Source: rediff.com G iving relief to the common man, Delhi [ Images ] Chief Minister Sheila Dikshit on Monday announced withdrawal of a proposal to impose five per cent VAT on CNG, which had drawn flak not only from the opposition but even a section of Congress MLAs. Replying to a discussion on the budget, which was passed by the Delhi Assembly, Dikshit said considering the demands in this regard, the government has decided to withdraw the VAT on CNG.

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.

more at wikipedia »