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Bullet Tax
CHICAGO (AP) — As Chicago struggles to quell gang violence that has contributed to a jump in homicides, a top elected official wants to tax the sale of every bullet and firearm — an effort that has...
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France to give businesses $25 billion tax break
PARIS (AP) — France will give businesses $25 billion in tax credits over three years in the hopes of sparking innovation and lowering the unemployment rate.Prime Minister Jean-Marc Ayrault announced...
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Fiscal Cliff Recession
WASHINGTON (AP) — A new government report says the so-called fiscal cliff would send the economy back into recession and cause a spike in the jobless rate to 9.1 percent by next fall.The Congressional...
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IRS: Incorrect Reporting Syndrome?
If an IRS agent shows up at your door claiming you owe money to Uncle Sam, he or she could be wrong.A new audit finds the IRS still has problems keeping track of what is owed by Americans. The problem...
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Taxing the Poor
Any new carbon tax imposed in exchange for lower income tax rates would hit the poor the most unless lawmakers take additional steps to offset higher costs, according to a new Congressional Budget...
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House and Senate sit on tax bills the other passed
WASHINGTON (AP) — It may not sound like it from the rhetoric, but both the House and Senate already have passed separate bills to delay big tax increases awaiting nearly every taxpayer next year if...
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Surprise: New insurance fee in health overhaul law
WASHINGTON (AP) — Your medical plan is facing an unexpected new fee. It's to help cover people with pre-existing conditions under President Barack Obama's health care overhaul.The $63-per-head fee —...
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Government prepares to sell General Motors stock
DETROIT (AP) — The U.S. government's short stint in the auto business is coming to an end.The Treasury Department said Wednesday that it will sell its remaining stake in General Motors by early 2014,...
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IRS: 100M taxpayers face delays without AMT fix
WASHINGTON (AP) — Up to 100 million taxpayers — about two-thirds of all filers — won't be able to file their 2012 tax returns until late March if Congress doesn't adjust the alternative minimum tax by...
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Despite deal, taxes to rise for most Americans
WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in...
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New tax law packed with breaks for businesses
WASHINGTON (AP) — Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes,...
View ArticleState tax-cut plans tempered by caution in 2013
JEFFERSON CITY, Mo. (AP) — Emboldened by big majorities and eager to lure businesses, Republican legislators and governors across the Midwest and South are planning to pursue hundreds of millions of...
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After getting taxpayer bailout, AIG board weighs joining suit against US
NEW YORK (AP) — American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the government over its $182 billion bailout of...
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IRS cracking down on ID theft, tax fraud
MIAMI (AP) — With tax filing season heating up, the Internal Revenue Service is mounting an aggressive crackdown against identity theft and tax refund fraud.Officials said Thursday that a January sweep...
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Lew signals support for tax code rewrite
WASHINGTON (AP) — Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of the tax code while urging lawmakers to avoid automatic...
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Senate approves Democratic budget with $1 trillion in new taxes
WASHINGTON (AP) — The Senate has narrowly passed its first budget proposal in four years as majority Democrats went on record favoring almost $1 trillion in tax increases over the coming decade while...
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Govt shuts more than 30 tax preparers in 6 months
WASHINGTON (AP) — As the April 15 federal income tax deadline approaches, the Justice Department says it has closed more than 30 unscrupulous tax preparers and tax fraud promoters in the last six...
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Obama earned less in 2012, pays $112k in taxes
WASHINGTON (AP) — President Barack Obama made less in 2012 than in any other year since taking office, with about 40 percent of the nearly $609,000 in income that he and first lady Michelle Obama...
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Likely tax cheats flock South, West
WASHINGTON (AP) — Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles.You might also be...
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Internet sales tax embraced by no-tax Republicans
WASHINGTON (AP) — You don't see this very often: a majority of Senate Republicans voting to make people who buy stuff on the Internet pay state and local sales taxes.Anti-tax guru Grover Norquist isn't...
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