taxes

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Palin Told to Pay Taxes on Per Diem Cash

Expense cash to be considered income, state says

(Newser) - Sarah Palin will have to pay income tax on the thousands of dollars she charged the state for her meals and expenses, state officials said today. As recently as December, Palin was still drawing a per diem allowance while she lived in her Wasilla home, the Anchorage Daily News reports,...

LiLo's Mom Has Tax Trouble
 LiLo's Mom Has Tax Trouble 
Feb 13, 2009 10:20 AM CST

LiLo's Mom Has Tax Trouble

Celeb mom's tax lien will go up for auction

(Newser) - Dina Lohan is a busy woman, what with all those kids to pimp out. Too busy to pay her taxes, apparently—she owes Nassau County, NY, $11,485.74 in back taxes, TMZ reports. If LiLo and Ali's infamous mother doesn't pony up, her tax lien will go up for...

Husband's Tax Trouble Snags Labor Nominee

(Newser) - Is another Obama nominee in trouble? A Senate panel today postponed a vote on his nominee to be labor secretary, Hilda Solis, after USA Today laid out her husband’s tax problems. The newspaper reported today that Sam Solis paid $6,400 to settle liens dating back 16 years against...

Tax Breaks for Car Buyers Added to Stimulus Package

Senate approves boost for auto industry as sales hit 27-year low

(Newser) - A new boost for automakers and car dealers has been added to the stimulus package before the Senate, reports the Los Angeles Times. The amendment—made on the same day that US car makers reported their worst sales in 27 years—would create an income tax deduction for both sales...

Daschle Withdraws Cabinet Bid

Tax flub claims another Obama nominee

(Newser) - Tom Daschle withdrew today from consideration for secretary of health and human services over controversial unpaid taxes, the Boston Globe reports. Daschle had retained the support of the Obama administration despite the flub, but quit seeking the post so as not to be a distraction, he said. President Obama regretfully...

Obama Nominee Killefer Drops Out Over Taxes

Would-be performance chief didn't pay for household help

(Newser) - Nancy Killefer, who failed for a year and a half to pay employment taxes on household help, has withdrawn her candidacy to be the first chief performance officer for the federal government, an Obama administration official said today. Killefer is the second major Obama administration nominee to withdraw and the...

Daschle Plugged Sugar Daddy for White House Job

Mogul Hindery employed former senator at high pay; his limo service at root of tax flap

(Newser) - Health and Human Services nominee Tom Daschle advocated for an administration position for business patron Leo Hindery, Politico reports. Hindery gave Daschle a high-paying job (and the car service that led to tax questions), and Daschle suggested Hindery for a government role—maybe commerce secretary or trade representative. “It...

Daschle Faces Grilling on Charity Gifts, Apologizes on Taxes

Releases letter of apology to lawmakers for tax mistakes

(Newser) - Already beset with questions about his failure to pay taxes, Tom Daschle will likely also face questions today over whether he received improper gifts from charities, the Wall Street Journal reports. President Obama's nominee for health secretary is reported to have flown with an education charity to a Bahamas retreat...

Daschle Waited to Tell Obama About Tax Glitch

HHS nominee knew his taxes needed fixing; didn't know how much

(Newser) - Health secretary-designate Tom Daschle didn’t tell the Obama administration that he owed years of back taxes until a month after he’d been nominated, the Washington Post reports. He paid $140,000 in taxes January 2 and told government leaders about it two days later. He had known his...

Brothels to Nevada: Tax Us, Please

Brothel owners see taxes as insurance to keep them legal

(Newser) - Nevada's brothel owners are offering to fork over tax money to the state to help cover its debts—but legislators are reluctant to increase the state's involvement in the $50-million-a-year sex business, reports the New York Times. Nevada's 25 legal brothels pay hefty taxes to their home counties, but are...

'Sneaky' Loophole Boosts Execs' Pensions

Through lump-sum payments, executives net millions extra

(Newser) - A change in federal disclosure requirements has revealed that some companies are inflating the value of retirement plans for—guess who?—top executives. By converting pensions, which generally pay out in installments over a retired employee’s lifetime, to a lump-sum payment, CEOs can increase the value by 10% to...

Blagojevich: Arrest Was My Family's Pearl Harbor

Impeached governor plans to fight to the end, but won't appear at Senate trial

(Newser) - Say this for Rod Blagojevich: He doesn’t embarrass easily. In an interview yesterday with the AP, he compared his arrest to Pearl Harbor: “Dec. 9 to my family, to us, to me, is what Pearl Harbor Day was to the United States. It was a complete surprise, completely...

Geithner Confirmation Expected
 Geithner Confirmation Expected 
UPDATED
Jan 21, 2009 2:14 PM CST

Geithner Confirmation Expected

Committee grills Treasury nominee on taxes, but session lasts just four hours

(Newser) - Members of the Senate Finance Committee reprimanded Timothy Geithner today for not paying $40,000 in taxes, but appeared ready to recommend the full Senate confirm him as Treasury Secretary despite his financial infractions, Roll Call reports. “I apologize for putting you in the position where you had to...

Pelosi Open to Prosecuting Bushies
Pelosi Open to Prosecuting Bushies
Talk show ROUNDUP
Jan 18, 2009 11:50 AM CST

Pelosi Open to Prosecuting Bushies

Emanuel: Blago didn't imply anything shady in talks with me

(Newser) - Nancy Pelosi would consider prosecuting some Bush White House officials, she told Fox News Sunday, even though Barack Obama has signaled that he doesn't favor such a move. "We cannot let the politicizing of, for example, the Justice Department to go unreviewed," says the speaker of the House....

Poll: Americans' Trust in Gov't Plummeted in '08

62% trust feds less than a year ago; 65% think US is on wrong track

(Newser) - 2008 wasn’t a great year for the federal government’s reputation, with a Politico poll finding that 62% of Americans say their confidence in Washington has decreased in the past year. The main worry is the economy: 45% say that economic stimulus should be the highest priority (no other...

Obama Team Scrambles to Save Geithner

PR blitz tackles nominee's tax, immigration issues

(Newser) - Barack Obama's transition team distributed talking points defending Timothy Geithner within minutes of emerging news on the Treasury nominee's tax and immigration issues, Politico reports. The PR push stressed that Geithner had paid off all his back taxes and that his former housekeeper's legal status did not lapse until the...

Illegal Hire, Tax Issues May Trouble Geithner

GOP's Grassley on Treasury nominee's case ahead of hearings

(Newser) - Timothy Geithner’s Treasury secretary nomination could be threatened by allegations he hired illegal help and didn’t pay Social Security and Medicare taxes while self-employed, the Wall Street Journal reports today. Senate Finance Committee members are meeting privately to discuss the issues, raised by GOP Sen. Charles Grassley. Aides...

IRS Notice Stuns Lawyer: 'You Owe Us a Penny'

(Newser) - Washington may be loaning billions to automakers, but a Detroit lawyer? He has to pay an IRS bill of 5 cents, the Detroit Free Press reports. James Howarth was busy tallying the cost of paying his debt—which is "several hundred percent over the nickel," he said—...

Oregon Mulls Mileage, Not Gas, Tax

State worries about tax shortfall as vehicles get more efficient

(Newser) - Worried that the rise of fuel-efficient and hybrid cars will wipe out revenue for road repair, Oregon is considering taxing drivers by the mile instead of by the gallon, reports the AP. Lawmakers—aware that hiking gas tax is a political kiss of death—believe a mileage tax is the...

Tax Soda: It's the New Tobacco
 Tax Soda: It's the New Tobacco 
OPINION
Dec 18, 2008 10:27 AM CST

Tax Soda: It's the New Tobacco

Less obese, less diabetic America just a couple of laws away

(Newser) - The cigarette tax "was the biggest health care breakthrough in the last 40 years in the United States," and its successor may be the 18% tax on non-diet soda New York Gov. David Patterson is pitching, writes Nicholas Kristof of the New York Times. Not only do empty...

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