But if you add up, if you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate's 62, 63 percent. So I've got to make some decisions on what I'm going to do.
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On January 13, 2013, H.R. 226 was introduced in the House of Representatives by Connecticut Democrat Rep. Rosa DeLauro. The bill will amend the 1986 IRS code and allow a credit if taxpayers “surrender” their guns to the government.
The worst drought in 50 years could leave taxpayers with a record bill of nearly $16 billion in crop insurance costs because of poor yields.
Only 2 nations in the world have citizenship-based taxation: the United States and Eritrea in northeastern Africa. Citizenship-based taxation means payment of taxes is determined by citizenship rather than residency or source of income.
Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.
“The Treasury Department and the IRS are aware of various structures being considered under which employers might use temporary staffing agencies (or other staffing agencies)… to evade application of section 4980H [the employer insurance mandate].”
In 2013, the tax increases in Obamacare will increasingly conspire against kitchen-table family healthcare decisions. As just one example, below are some of the taxes that will impact the purchase of dental braces:
In case you thought there was no risk of your taxes going up again, think again. Washington isn’t done with you yet. Democrats, led by President Barack Obama, want lawmakers to consider a fresh set of tax increases in the next several weeks when they
There is a vehement and polarized debate going on in this country about our budget deficit.
Author Michael Lindt points us to a photo of a card that was apparently "left in lieu of a tip."
And the American genocide continues, with 333,964 murders in 2011. That’s the figure proudly released by Planned Parenthood Federation of America in their report delineating how many abortions they performed in fiscal 2011.
Fifty-four House Republicans on Thursday reintroduced legislation that would terminate the IRS and replace the system of income taxes on people and corporations with a consumption tax.
Americans’ paychecks are getting smaller.
Switzerland’s oldest bank pleads guilty to aiding U.S. tax evasion Switzerland’s oldest bank pleaded guilty on Thursday to helping wealthy Americans hide more than $1.2 billion from the Internal Revenue Service. The case marks the first time a
Ben mentions some of the other items of Corporate Welfare and how the vast majority of taxpayers are going to pay more in taxes in 2013.
President Barack Obama wasn’t lying when he said he’d raise taxes on the wealthiest Americans if reelected — but it won’t be just the top wage-earners who will be handing over more to Uncle Sam in 2013.
The tax police now show their teeth. One says "You've already been caught without the strings once, and then even a second time. " He then waves "the proclamation with the penalties" for tax evasion, and tells them: "First time: Fine. Second
BULLSHIT! - Bottomline: Previous Tax rate expired Dec 31 2012. That means that the rate went from about 13% to 35%... for a day. Then Republicans "Cut Taxes" to 20%... so it's not really an increase of 7% it's a cut of 15%. Still Voting?
The Senate deal to avoid the "fiscal cliff" will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO).
Obama: "We can’t simply cut our way to prosperity. Cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can’t take advantage of loopholes and deductions that aren’t available
More than 80% of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635.. A 2% payroll tax cut is being allowed to expire.
According to the Congressional Budget Office, the last-minute fiscal cliff deal cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
Everyone's paycheck is about to take a hit, and it's not the boss' fault. The rate of workers' payroll taxes, which fund Social Security, has been 4.2% for the past two years. As of Jan. 1, it's back to 6.2%, on the first $113,700 in wages.
When Socialist President Francois Hollande took office, he swiftly made good on his pledge to raise the top tax rate on Frenchmen who earn a million euros a year – to 75 percent.
Personally I think we should of went off the “Fiscal Cliff”.
The Senate has approved a tax deal to blunt some of the impact of the Fiscal Cliff.
Here's the only thing that most Americans care about: How much are your taxes going up or down.
“Not only are they raising taxes — maybe on a smaller percentage of people but a large amount of money — but they’re also going to spend more money,” Paul said. “So it’s a spending bill.”
With 2013 just over two hours old, the Senate voted 89-8 on Tuesday to approve a last-minute deal to avert income tax hikes on all but the richest Americans and stall painful spending cuts as part of a hard-fought compromise to avoid the economically