Taxes news, articles and information:

Why the California water crisis will lead to a housing collapse, municipal bankruptcies and a mass exodus of climate refugees

5/7/2015 - The only proof you need that many Californians are still living in a water fairy tale is the fact that California real estate prices haven't yet collapsed. Even as the California Governor has declared a state of emergency -- and emergency water rationing is under way -- there are still people purchasing...

Man arrested for legally trying to pay taxes with folded-up dollar bills

3/8/2015 - "This note is legal tender for all debts, public and private." That's what it says on all U.S. paper currency, but the principle applies as well to coined money. But in recent days, a Texas man was arrested for "criminal trespass" after attempting to pay his tax debt with folded $1 bills. According...

Globalist corporation Apple pays virtually NO tax in any country

5/22/2013 - Despite being one of the top electronics corporations in the world, Apple, Inc. has been paying no corporate income taxes to any country overseas in which Apple does business, even though it has earned tens of billions of dollars. The finding, unearthed by U.S. Senate investigators, comes as the...

Texas power company collects $500 million in 'taxes' that don't exist

5/10/2013 - Millions of people living in the Dallas-Forth Worth Metroplex region of North Texas have basically been getting ripped off on their electric bills since at least 2008, and very few of them are the wiser, according to new reports. A federally-mandated utility tax levied on customers by power company...

Obama's new budget a complete lie: Massive spending increases, virtually no cuts

4/30/2013 - Most Americans know that politicians use a lot of fiction when it comes to things like budget calculations. That is especially true in the nation's capital, where simply not increasing spending as much from one year to the next qualifies as a real budget cut. So it is no surprise that President Obama,...

Help stop the Internet tax mandate

4/18/2013 - If it seems like you're constantly being hit in your pocketbook by taxes and tax increases, you're right. Tax revenues are at all-time highs, but it's not enough: The president, joined by an increasing number in Congress, are seeking even more taxes, this time in the form of a new Internet tax that...

Pennsylvania considers eliminating school property taxes to make housing more affordable

3/23/2013 - Legislators in Pennsylvania are considering a new proposal that would do away with the state's property tax scheme that currently funds government-run public schools, and replace it with slight tax increases on both sales and state income. According to the bill's advocates, property owners would benefit...

Obamacare fee of $63 per person to be implemented in the new year

12/17/2012 - Do you remember, at the height of the debate over the Affordable Care Act - the monstrosity that became known not so affectionately as "Obamacare" - when then-House Speaker Pelosi, D-Calif., took to the dais at the 2010 Legislative Conference for the National Association of Counties with this outrageous...

Cigarette taxes cause individuals to smoke less, study finds

12/6/2012 - When cigarette taxes go up, heavy smokers cut back on their cigarette consumption more than light smokers do, according to a study conducted by researchers from the Washington University School of Medicine and published the journal Tobacco Control. The findings were surprising, as they defied the...

Obamacare to unleash crushing new taxes, trillions in debt, huge job losses, and it doesn't even cover natural medicine

6/29/2012 - By now, we all know the U.S. Supreme Court upheld the individual mandate portion of Obamacare by declaring it a "tax." This is, in essence, a declaration that the federal government now has unlimited power to force consumers to spend some (or even all) of their take-home pay on various products, services...

North Dakota may eliminate all property taxes, restore real family ownership of land and homes

6/13/2012 - There's a revolt of sorts brewing among citizens of a growing number of states who realize that, no matter how much they pay on their mortgage or how long ago they may have paid that mortgage off, they never truly own their homes. Rather, because of the property tax, Americans really just rent their...

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...

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...

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...

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