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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: taxes

taxes stories: 160 news summaries

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 Congress Weighs Soda Tax 

A few cents on every can could improve health

May 12, 09 7:41 AM CDT
(Newser) - With health care reform expected to run the government around $1.2 trillion, Congress is looking for ways to pay for it. A new idea bouncing around Capitol Hill is a soda tax, reports the Wall Street Journal. “Soda is clearly one of the most harmful products in the... More »

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obesity • Congress • health care costs • taxes • soda • sugar • Jay-ZTV • soda tax

(Newser) - President Obama directed his most direct criticism yet at anti-tax “tea partiers” today at a town hall event marking his first 100 days in office, Politico reports. Though studiously vague, Obama conceded that people watching “certain news channels on which I'm not very popular” might “see folks... More »

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taxes • Fox News • town hall meeting • Obama administration • President Obama • tea parties • 100 days

(Newser) - Another Twitter first: An Oklahoma City man has been arrested by the FBI after tweeting threats of a bloody rampage against the government at last week’s "tea party” in that city, Wired reports. “START THE KILLING NOW! I am willing to be the FIRST DEATH!”... More »

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social networking • Internet • taxes • violence • Twitter • criminal charges • tea parties • Daniel Knight Hayden

Firms Fight Overseas Tax Changes Worth Billions

Last year's sheltered earnings could have brought US $20B

Apr 22, 09 11:10 AM CDT
(Newser) - Overseas tax reform plans in the works under President Obama would put a serious squeeze on top firms, which under current law can store foreign income abroad indefinitely, reports the Wall Street Journal. Ten of the biggest companies earned $58 billion in 2008 that’s now sheltered overseas—money that... More »

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taxes • Treasury Department • tax haven • Obama administration • President Obama • tax shelter

(Newser) - Evaluations of the effectiveness of yesterday’s anti-tax “tea parties” are split predictably down partisan lines, Chris Cillizza writes for the Washington Post. Republicans touted the protests, which brought out tens of thousands and garnered major media coverage, as a success. “I think something is going on out... More »

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Democrats • taxes • government spending • GOP • protests • grassroots • blogger • Obama administration • cable news • President Obama • Republicans • tea parties

 Rove: GOP Ignores 
 Tea Parties at Own Peril 

Party needs to harness anti-tax feeling as issue moves to the forefront

Apr 16, 09 6:27 AM CDT
(Newser) - Karl Rove thinks the "tea party" anti-tax movement is "frequently amateurish and sometimes shrill," but he knows an opportunity for his beleaguered GOP when he sees one. The movement represents an outpouring of real and growing concerns that the party can't afford to ignore, the... More »

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Karl Rove • taxes • Republican Party • taxation • tea parties

(Newser) - Texas Gov. Rick Perry thinks this union of states we call America is a pretty good thing, but he warned that Washington better not take it for granted, the Dallas Morning News reports. "There's absolutely no reason to dissolve it," he told reporters after addressing the anti-tax, anti-big-government... More »

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Texas • taxes • Austin • protests • Rick Perry • governor • secession • Kay Bailey Hutchison

slideshow

 Anti-Tax Faithful 
 Rally at Tea Parties 


Apr 15, 09 6:32 PM CDT
(AP) - Whipped up by conservative commentators and bloggers, tens of thousands of protesters staged "tea parties" around the country today to tap into the collective angst stirred up by a bad economy, government spending, and bailouts. Protesters even threw what appeared to be a box of tea bags toward the... More »

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taxes • conservative • protests • tea parties

 Obamas File $2.7M Tax Return 

It's a big pay cut from the year prior

Apr 15, 09 4:55 PM CDT
(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 »

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Joe Biden • taxes • salary • tax returns • President Obama • Obama family

(AP) - The Secret Service locked down the White House compound this afternoon after someone hurled a package in an apparent act of defiance meant to echo the rebellion of the Boston Tea Party and related tax protests around the country. Officers cleared the street and Lafayette Park across from the White... More »

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taxes • President Obama • tea parties

ANALYSIS

 What If I Don't Feel Like Filing? 

Christopher Beam explores the potential evader's options

Apr 15, 09 2:08 PM CDT
(Newser) - With millions of Americans enduring long lines at the post office today to file their tax returns, Christopher Beam of Slate can’t help wonder: What would happen if you simply didn’t file? The answer is probably not much—7 million Americans declined to file last year, and only... More »

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taxes • IRS • income tax • business • tax evasion • audit • federal income tax • Wesley Snipes

(Newser) - Want to get in on the fun and excitement of the anti-Obama Taxpayer Tea Party? Here’s how, writes Marc Cooper in the Los Angeles Times: “Go to a hobby store. Buy a scale model of a UN One-World-Government Black Helicopter and a tube of glue. Toss the... More »

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taxes • government spending • conservative • tea • protests • political demonstrations • Obama administration • tea parties

Tax-Day 'Tea Parties' Test Aversion to Obama Spending

Tens of thousands set to attend nationwide demonstrations

Apr 15, 09 10:02 AM CDT
(Newser) - Fiscal conservatives across the country will reenact Revolutionary history today with tea parties in every state to protest taxes and increased spending, ABC News reports. Tens of thousands are registered to attend in major cities, testing whether anti-Obama budget sentiment, which has picked up steam on the Internet, with help... More »

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taxes • government spending • tea • protests • political demonstrations • Obama administration • President Obama • tea parties

Report: US Loses $100B Yearly to Tax Havens

Tax Day release highlight burden tax-dodging firms put on taxpayers

Apr 15, 09 6:49 AM CDT
(Newser) - Corporations stashing their cash in tax havens cost the US—and ordinary taxpayers who shoulder the burden instead—$100 billion every year, the Huffington Post reports. A new report breaks down the loss through "shell companies and sham headquarters" by state, finding that the people of New York are... More »

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taxes • tax evasion • Cayman Islands • tax dodge • tax haven

Expect Huge Jump in Tax Delinquents: Analysts

Americans frightened, suspicious, evasive

Apr 14, 09 1:07 PM CDT
(Newser) - Many more strapped Americans will skip out on tax bills this year, analysts tells Reuters, spending on everyday needs instead. “We’ve seen a huge rise in what we call the rookie delinquent taxpayer,” says one who expects a 280% jump. “They are incredibly scared, and they... More »

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taxes • IRS • back taxes

Cash-Strapped States Raise Taxes as Revenue Declines

At least 10 states face substantial budget gaps

Apr 9, 09 7:31 AM CDT
(Newser) - A precipitous decline in tax revenue has at least 10 states considering major increases in sales or income taxes to close budget gaps that in some cases run into the billions, the Wall Street Journal reports. States like Oregon, facing a $4.4 billion budget gap and 10.8% unemployment,... More »

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California • taxes • income tax • Arizona • New York • Oregon • unemployment • tax revenue • budget gap • state sales tax • payroll taxes • state budgets

(Newser) - The sheer number of tax-related problems that have slowed confirmation of Obama nominees has some insisting the process has become tougher, Time reports. Not so, says Sen. Charles Grassley. “We are vetting nominees for the current administration the same way we vetted nominees for the previous administration,”... More »

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Congress • taxes • Senate Finance Committee • Charles Grassley • Senate confirmation hearings • nominee • tax records • Obama administration • Cabinet secretary

Smokers Gasp at Highest
Tax Hike Ever

They're hit twice as companies boost their profits, too

Apr 1, 09 2:13 PM CDT
(Newser) - Smokers are feeling pinched by today's 62-cent hike in the federal cigarette tax, the biggest ever. Federal taxes now top $1 per pack, CNN reports. At the same time, manufacturers and retailers have raised prices to boost dwindling profits. "They're picking on smokers," an 83-year-old said of the... More »

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taxes • smoking • SCHIP • tobacco companies • cigarette tax • President Obama

HHS Nominee Sebelius
Pays $7K in Back Taxes

She's latest Cabinet pick with IRS trouble

Mar 31, 09 5:54 PM CDT
(AP) - See if this sounds familiar: Health and Human Services nominee Kathleen Sebelius has corrected three years worth of tax returns after finding "unintentional errors." In a letter to senators, Sebelius said the changes involved charitable contributions, the sale of a home, and business expenses. She and her husband... More »

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taxes • Department of Health • Kathleen Sebelius • Obama Cabinet

(Newser) - In an effort to increase revenue, the Internal Revenue Service is relaxing penalties on offshore tax evaders in hopes they will come forward, the New York Times reports. A penalty that was 50% of offshore holdings will drop as low as 5%. “They need to get money back into... More »

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taxes • IRS • UBS • tax evasion • Internal Revenue Service • Federal government • penalty • offshore

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