Taxes news, articles and information:

While consumers shop, U.S. descends into planned financial implosion that favors corporate elite 11/26/2011 - We live in interesting times. Even as our own civilization hangs on the precipice of financial solvency, the priorities of the uninformed masses as so distorted that many will actually camp out in front of a Best Buy store in order to be the first in line to save $100 on a big-screen TV. In a time when...

Denmark taxes avocados, butter, eggs, nuts, chocolate and coconut oil 10/13/2011 - Citizens of Denmark who don't count saturated fat grams can count on an increase in their grocery bill this fall. In early October, Denmark officials placed a tax on foods which contain saturated fat. The new tax charges the equivalent of $1.29 per pound on all foods which contain 2.3 percent or more...

Government stimulus program sent millions of dollars to tax cheat corporations 5/26/2011 - Thousands of companies that received funds from the federal stimulus package owed the government millions in unpaid taxes, congressional investigators have found.(http://www.google.com/hostednews/ap/article/ALeqM5h_lsGu-CZemZAKDvXZTHp_2pVrQg?docId=198b9a7d2b8744c4b38fb3832bb4026a) At least 3,700...

Congress once again trying to push unconstitutional internet sales taxes 4/13/2011 - Republican Sen. Michael Enzi of Wyoming first tried it and failed in 2007, and now he and Democrat Sen. Dick Durbin from Illinois are together trying it again. The bipartisan duo plans to introduce new legislation shortly after Easter that will levy a sales tax on all internet purchases, even if the...

Why Wisconsin's economic protests will only spread as health care costs bankrupt the states 2/21/2011 - What we're really seeing today with the union worker protests in Madison, Wisconsin is the collision of money desires with fiscal reality. Everywhere across the country, union workers want to take home more money. Across the board, from teachers and firemen to law enforcement officers and government...

S 510 Food Safety bill now dead in the water due to blue slip mistake 12/1/2010 - It is now being revealed that US Senators slipped up in a big way when passing the Food Safety Modernization Act on Tuesday: They added what are effectively "new taxes" into the bill, and according to the U.S. Constitution, only the House of Representatives can initiate legislation requiring new taxes. Thus,...

Obama health care reform imposes 3.8% tax on all income from home sales and home rental income (update 2) 9/25/2010 - The news about Obama's health care reform just keeps getting worse -- and we only find these things long after the bill has passed, of course. The newest revelation concerns a 3.8% tax on income from home sales and home rentals which will go into effect in 2013. (Note: This story has been updated to...

WHO to tax your internet usage to fund vaccines in third-world countries 6/24/2010 - The United Nations' World Health Organization (WHO) is pushing hard to impose global consumer taxes to help fund its various programs, including a new proposal that would tax the internet in order to pay for vaccines and other pharmaceutical medicines for third-world countries. Yes, you read that right...

Pennsylvania threatens citizens with Big Brother tax collection scare campaign: We Know Who You Are 5/4/2010 - Just when you thought the truth couldn't get any stranger than fiction, the Pennsylvania Department of Revenue decides to launch a creepy new Big Brother "Tax Amnesty" program aimed at getting delinquent taxpayers to pay up on their back taxes. But the state agency has stooped to using police state...

What are the health consequences of the tax season burden on American taxpayers? 4/15/2010 - It's tax season in the U.S. again, and when it comes to discussions about the financial burden on the economy from the complexity of the current U.S. tax code, most of the criticisms focus on the number of dollars (or hours) spent in compliance. According to a study from the Tax Foundation, U.S. taxpayers...

America does not have a shortage of doctors, it has an excess of disease 4/14/2010 - Now that health reform relying on monopolized pharmaceutical medicine has become the law of the land across America, the mainstream media is reporting on a sudden shortage of doctors. The nearly one million doctors who already treat a sick, diseased population is no longer enough, it seems, and medical...

What Your Employer May Not Tell You About Retirement Accounts 9/17/2008 - The number of investors who are hitting up their Retirement Accounts is on the rise. According to the Transamerica Center for Retirement Studies, the number of employees with loans outstanding in Retirement Accounts such as 401(k) and 403(b) rose to 18 percent from last year's level of 11 percent. The...

Americans Question the Legality of the Income Tax 3/18/2008 - There's nothing that gets me all tingly like the coming of spring. It's always been my favorite time of the year. Just one problem stands between me and total rapture – the need to complete a tax return and file it along with the money I always owe. This year the filing of the tax return feels particularly...

Merck set up offshore accounts to avoid U.S. taxes; settles with IRS for $2.3 billion 2/26/2007 - American pharmaceutical giant Merck & Co. for years held offshore accounts in Bermuda to hold patents for two of its drugs, and then used the royalties from these patents as tax deductions in the United States. On Wednesday, the company agreed to pay $2.3 billion to the Internal Revenue Service,...

The Fair Tax: Why it's good for you and good for America 1/23/2005 - There's been a wave of publicity and discussion surrounding the "Fair Tax" over the last few months. Although I am personally not a supporter of the economic policies of the current administration, I am a strong supporter of the Fair Tax concept. I'd like to explain why every American (Republican, Democrat...

National Retail Sales Tax proposal gains momentum for real tax reform 11/11/2004 - If there's one thing to like about the Republicans, it's the fact that they support tax reform. In theory, at least. The party hasn't produced any meaningful tax reform in decades, but now there's talk of a revolutionary overhaul that could end taxes on the poor, eliminate the IRS, and greatly simplify...

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