Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Malaysia Busts 80+ Lovers in Valentine's Day Raids Muslims face up to two years in jail »

NEWS ABOUT: tax returns

Stories 1 - 20 |  Next >>

Switch to grid view »

Romney Returns: $6.2M in Taxes on $42.6M

No income from wages; he'll pay 15.4% on last year's income

(Newser) - Just hours after debating tax rates during the GOP debate in Florida, Mitt Romney released his tax returns, revealing that he collected $20.9 million in income last year, and $21.7 million the previous year—nearly all of it in profits, dividends, or interest from investments. None came from... More »

Romney: I'll Release Taxes Tuesday

OK, fine.

(Newser) - Looks like somebody is taking his Palmetto State shellacking seriously: Mitt Romney, in a rare appearance on Fox News Sunday, announced today that he'll release his much-discussed tax returns on Tuesday. "Given all the attention that's been focused on tax returns, given the distraction I think they... More »

Gingrich Paid $994K in Taxes in 2010

Staff releases returns during GOP debate

(AP) - Newt Gingrich paid $994,708 in federal taxes in 2010 on more than $3.1 million in income, making his effective federal tax rate roughly 31.6%. The former House speaker's staff released his tax returns this evening amid the GOP debate. See them here . He and wife Callista... More »

Romney Says His Tax Rate Is 'Closer to 15%'

Most of his income taxed as 'capital gains'

(Newser) - Mitt Romney has been evasive about releasing his tax returns , and today he hinted at why, saying in a press conference that his effective tax rate is "probably closer to the 15% rate than anything." That means that most of Romney's earnings—which largely still stem from... More »

Romney: I'll Release Taxes ... in April

When he'll most likely have clinched the nomination

(Newser) - Calm down, everyone. Mitt Romney will release his tax returns … just as soon as he has clinched the GOP nomination. "If I become our nominee, and what's happened in history is people have released them in about April of the coming year and that's probably what... More »

Gingrich to Release Tax Return in Days

Presses Mitt Romney to follow his lead

(Newser) - Newt Gingrich says he is ready to release his income tax return and will do so on Thursday, just two days ahead of the South Carolina primary —and he thinks Mitt Romney would do well to follow his example. "Gov. Romney, if he plans to stay in the... More »

Show Us Your Money, Romney

'Washington Post' takes frontrunner to task for keeping taxes, donors secret

(Newser) - Mitt Romney has so far flatly refused to release either his tax returns or his list of fundraising bundlers, and that's "a striking and disturbing departure from the past practice of presidential candidates of both parties," the Washington Post says in an editorial today. Yes, demanding candidates'... More »

Mitt: I Won't Release My Tax Returns

Obama campaign blasts Romney for keeping returns secret

(Newser) - Mitt Romney says that even if he becomes the Republican nominee, he has no intention of releasing his tax returns, reports the New York Times . Romney—one of the richest men ever to run for president—would be alone among nominees of recent decades if he fails to release his... More »

Billionaires' Tax Tricks Hide Huge Gains

Millions go unreported thanks to 'unrealized appreciation'

(Newser) - If President Obama wants a "Buffett Rule" to keep billionaires paying their fair share of taxes, he’ll have to look at the "800-pound gorilla" in the room, tax experts say. That gorilla, explains one expert, is "unrealized appreciation"—cash that America’s wealthiest take in... More »

Buffett to Murdoch: You Show Me Yours, I'll Show You Mine

Tax returns, he means

(Newser) - Warren Buffett sounds pretty content to be at the center of the nation's tax debate: He said today that he'd be happy to release his tax returns as critics have demanded—provided fellow billionaire Rupert Murdoch did the same, reports Reuters . Why Murdoch? His News Corp owns the... More »

Married Gays Grapple With IRS

Taxmen not recognizing same-sex unions

(Newser) - The Internal Revenue Service is refusing to recognize gay marriages, causing headaches for couples who have won the right to wed in their home states, BusinessWeek finds. The Obama administration has urged federal agencies to extend benefits as far as they can to same-sex couples under existing law, but analysts... More »

GOP Candidates Won't Release Tax Returns

Except Trump, who will release his in exchange for a certain birth certificate

(Newser) - Barack Obama made a point of releasing his tax returns to the public while running for president in 2007 and 2008—and when running for the Senate before that. But not one of the candidates vying to face him in 2012 will promise to do the same, Politico has found—... More »

Bush Tax Cuts Save Obamas $100K

President pulled in $1.73M in 2010, based mostly on books

(Newser) - Barack and Michelle Obama reeled in $1,728,096 last year—a precipitous drop from the $5.5 million the first couple claimed the year before, according to tax returns released yesterday by the White House. And while Obama proclaimed in last Wednesday's speech that he doesn't "... More »

10 Risky Tax Moves You Should Skip

Save your receipts, be honest, and don't try to protest

(Newser) - Perhaps, in a moment of desperation, it seemed like a good idea to claim your mother-in-law as a dependent on your tax return ... but it's actually not. And neither are these nine other risky moves, as rounded up by Time :
  • Skipping receipts: Even if you think the IRS will never
... More »

Feds Crack Down on Prison Tax Scam

Law enforcement moves to end millions in refund ripoffs

(Newser) - Fraudulent tax returns filed by federal and state prisoners have soared over the past five years, but under pressure from the Senate, the FBI and Bureau of Prisons finally got their act together and signed a memo of understanding to crack down on the operations, reports AP . "This agreement... More »

Tax Deadline April 18 Thanks to ... Abraham Lincoln?

DC Emancipation Day pushes filing deadline 3 days

(Newser) - America's taxpayers have an extra three days to procrastinate this year, thanks to a holiday only celebrated in the nation's capital, AP reports. Abraham Lincoln freed the District of Columbia's slaves on April 16, 1862—eight months before the Emancipation Proclamation—and since this year's DC Emancipation Day falls on... More »

IRS Has Info on Abducted Kids—But Can't Divulge

Privacy laws prevent agency from giving up data from returns

(Newser) - IRS tax returns could probably help reunite hundreds of kids a year with their rightful parent, bur privacy laws forbid the agency from helping investigators. As the New York Times explains, even people who abduct kids in custody disputes sometimes take the odd step of declaring them on their returns.... More »

Obamas Made $5.5M

Jill and Joe Biden earned $333,000 in 2009

(Newser) - Tax Day means we get to peek into the personal finances of the Obamas. The president and first lady reported income of $5.5 million in 2009, most of it from his books. They paid $1.8 million in federal taxes and $163,303 in state taxes to Illinois. The... More »

IRS Cracking Down on Tax Preparers

Preparers to be required to register, pass exam

(Newser) - The IRS has unveiled plans to regulate America's tax-preparation industry for the first time. Independent tax preparers and employees of tax-preparation firms will be required to register, pass a competency exam, and take 15 hours of classes a year. The move follows an IRS study that found many of the... More »

Obamas File $2.7M Tax Return

It's a big pay cut from the year prior

(Newser) - With the country finishing up its taxes, the Obamas divulged their household income today, revealing a combined income of $2.7 million last year—significantly less than 2007’s $4.2 million. Most of it came from the president’s books, which raked in a combined $2.5 million. The... More »

Stories 1 - 20 |  Next >>
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne