Tobacco for roll-your-own cigarettes saw a disproportionate leap, from $1.10 to $24.78 per pound. Some predicted the tax would kill the roll-your-own industry, which had offered a cheaper alternative to packaged cigarettes. But....
More than 15.4 million Americans soon could learn that what the tax man giveth, the tax man can take away. Those people surprisingly could owe taxes for 2009 because of complications in the Making Work Pay tax credit, a cornerstone of the $787-bil
The Treasury Department accepts gifts, payable to the Bureau of the Public Debt. Just mail them to the attention of Department G, Post Office Box 2188, Parkersburg, West Virginia. Note in the memo section it is a gift to reduce the debt held by the pEntered By: Powell Gammill
That is 26 days more than they had to work last year to cover the cost of government. [Effing blood-suckers!!] Cost of Government Day” this year fell on Wednesday, August 12, according to Americans for Tax Reform, the conservative group that calculat
Offshore tax shelter? Check. Income hidden from tax authorities? Check. New IRS unit specifically set up to target taxpayers with tens of millions of dollars? Check.
The Department of Defense awarded nearly $30 million in stimulus contracts to six companies while they were under federal criminal investigation on suspicion of defrauding the government.
What is it about the name Goldman Sachs that makes otherwise sensible people foam at the mouth? . Alistair Darling declared that this was a grievous mistake and that no bank “would be standing here today if the taxpayer had not put their hand into th
One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, lawyers for shareho
Far from providing "affordable" care for everyone, ObamaCare would result in higher insurance premiums, more and higher taxes, fewer jobs, lower wages, a reduced standard of living and an erosion of privacy and individual liberty. This is the
The White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world.
People love to beat up on the NAR, which has never seen a housing report it didn't like. And they usually have good reason to do soOn Friday, for example, the NAR went bananas about seasonally adjusted September home sales, which most people agree we
The more the fiscal details of the healthcare bills emerge, the more appalling they seem. The Senate Finance Committee bill includes a broad provision taxing all manner of medical devices. This tax includes such frivolous luxuries as pacemakers, sten
With the US government now having taken over the functions of such pristine subprime lenders as New Century, with the provision that it not only is not checking borrowers' credit scores, income potential, or other "facts" that the mortgage lenders
Tens of thousands of people may have taken advantage of the first-time home buyer tax credit to defraud the government, an IRS watchdog office said Thursday, in testimony that could jeopardize efforts to extend the popular program.
Before Henry Paulson become Secretary of the Treasury, he was required by law to sell all of his shares in Goldman Sachs. He was allowed to sell all of his shares of Goldman Sachs stock tax-free. Thus, by becoming Secretary of the Treasure, he was
In a small bit of Washington irony, a government panel convened this week under the guise of ensuring 'expressive freedom' on the Internet, while at the same time the Obama Administration put Fox News on notice that ideological rectitude would be a p
In hopes of creating more jobs, House Democrats met with economists on Wednesday, The Wall Street Journal reports, to talk about measures that could spur job growth. (They’re touchy about calling it a second stimulus.)
I was forwarded the following email, I didn't believe it...I went to the website, still thought it HAD to be an elaborate hoax set up to discredit the obama administration, then I began to call the phone numbers and it is real alright! If only thi
It looks like another stimulus package. It sounds like a stimulus package. It spends like a stimulus package. Her economic advisers are even calling it another stimulus. But Speaker Nancy Pelosi (D-Calif.) insists her plans for a host of new spending
As the Obama Administration prepares a new TARP-like program, this time targeting smaller, community and local banks, Inspector General Neil Barofsky thinks “it’s unrealistic to think we’re going to get all that money back” in a statement made Wednes
Senate Democrats are pressing Majority Leader Harry Reid to address the nation’s rising debt with a special legislative process, despite reluctance from the White House and House leaders.
An energy analyst is outraged that taxpayer dollars are being used for a bailout of the bus industry that's comparable to the now defunct "cash for clunkers" program.
The list is hardly a surprise. "The drug industry stands to gain in a health-care overhaul by getting tens of millions of newly insured customers. The $829 billion plan being worked over by Congress would extend health coverage to 29 million American
Yet the AMA won't yet pledge support for the major health care bill that is the chief objective of the White House and congressional Democrats, despite a request that several officials say was made at a meeting last week with Senate Majority Leader H
As everyone else has been cheering the revival of the housing bubble, one person has been busy offloading a significant portion of his exposure to housing: Bill Gross. And the direct sponsor of billions of dollars hitting Mr. Gross' Wells Fargo banki
Senate Finance Committee members have been notified that the committee's health reform bill has been filed today. S. 1796 is 1,502 pages long.
The Internal Revenue Service is examining more than 100,000 suspicious claims for the first-time home-buyer tax break, another sign of potential trouble for the soon-to-expire program.
Four banks in particular are foundering, including one that has acknowledged its executives cooked its books.