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NEWS ABOUT: Tax Day

13 Stars With Major Tax Issues

Yep, Lindsay Lohan has tax problems, too

(Newser) - You'd think, with all their fame, fortune, and presumed ability to hire a legion of accountants, celebrities would be able to stay on top of their taxes. But these 13 stars, rounded up by Fox News , prove that's not always the case:
  • Lionel Richie: Reportedly owes the federal
... More »

Fatal Crashes Spike Near Tax Day

Stress can lead to traffic accidents: researchers

(Newser) - As if Tax Day isn't depressing enough, it turns out you're also more likely to die in a traffic accident on or around April 15. Between 1980 and 2009, traffic accident deaths were an average of 6% higher on tax filing day than they were on a day... More »

Bachmann Tax Day Rally Flops

Tea Party favorite says she 'can't wait to go up against President Obama'

(Newser) - South Carolina didn't exactly roll out the red carpet for devout Tea Partier and possible GOP presidential candidate Michele Bachmann on Monday. Only around 300 people—including political operatives and members of the media—turned up at a Tax Day rally in Columbia, about a tenth of the number... 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 »

Ask a Tea Partier: Why Do You Hate Obama?

Most can't exactly explain

(Newser) - Why does the tea party hate Barack Obama? For a vast number of reasons—most of which apparently aren't rooted deeply in reality. New Left Media asked protesters at the National Tax Day demonstration to explain their motivations, and perhaps predictably gathered some less-than-well-thought-out answers in this video, picked up... More »

Anti-IRS Diatribes Are Stupid and Dangerous

Let's cool the hatred before someone else gets killed

(Newser) - Watch coverage of the Tax Day rallies and you'll no doubt hear all about the evil IRS and the "jack-booted thugs" who work there. It's way past time to stop the demagoguery, writes EJ Dionne. Anyone remember the nut who flew his plane into IRS offices in Austin in... 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 »

Dear Tea Party: I Love Tax Day

Haven't tea partiers ever heard of sharing?

(Newser) - Steve Almond used to hate taxes. But now he hates the Tea Party movement (or, more accurately, the Tea Party's “series of highly publicized tantrums”) even more…and he’s ready to confess something “almost heretical”: He actually loves Tax Day. Here’s why:
  • It made him
... More »

Um, Guys, Taxes Are Lower This Year

That could change in the future, however

(Newser) - Believe it or not, tea partiers, your taxes probably went down this year. Soon after Barack Obama took office, those tax-and-spend Democrats cut individuals’ federal taxes by roughly $173 billion, the AP reports, which should more than make up for any tax increases states were forced to push through to... More »

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