taxes

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Not So Fast With Those Numbers, David Brooks
Not So Fast With Those Numbers, David Brooks
ANALYSIS
Jul 2, 2008 7:12 PM CDT

Not So Fast With Those Numbers, David Brooks

Obama's tax rate for the rich no steeper than in the '90s

(Newser) - Despite David Brooks' attempts to “muddy” the mathematical waters, Barack Obama’s tax plan doesn’t hit the wealthy very hard—and it’s the one that helps the middle class, Jared Bernstein writes in Talking Points Memo Café. Brooks wrote in the Times that moneyed Americans would pay...

What's Your Salary? In Sweden, It's No Secret

In Scandanavia, everyone's pay is made public

(Newser) - In America, tax information is kept private by law. In Sweden, "you can see what your brother-in-law made, your neighbor made," says one Justice Ministry official. Like its Scandinavian counterparts Norway and Finland, Sweden makes all tax returns public every year—and no one seems to care, reports...

$16B Deficit May Help Keep Gay Marriage Legal in Calif.

Financial boon to strapped state could cast decisive vote against Nov. ballot measure

(Newser) - With a constitutional amendment on the November ballot that could dam the just-unleashed tide of same-sex marriage in the state, proponents believe California's $16 billion budget deficit could be the deciding factor for voters, Julie Bolcer writes in the Advocate. "I think this is a huge opportunity for businesses...

Bush's 'Poison Pill' Haunts Both Parties
Bush's 'Poison Pill' Haunts
Both Parties
Opinion
Jun 16, 2008 9:28 AM CDT

Bush's 'Poison Pill' Haunts Both Parties

McCain backs tax cuts; Obama would roll back only for very rich

(Newser) - President Bush’s tax cuts have become the governmental equivalent of a corporate poison pill, Paul Krugman observes in the New York Times, aimed at hamstringing new stewardship. Both prospective replacements have tax plans very much haunted by the Bush cuts, with one-time critic John McCain promising not only to...

War Spending Strategy: Soak the Grandkids
War Spending Strategy: Soak the Grandkids
OPINION
Jun 11, 2008 11:47 AM CDT

War Spending Strategy: Soak the Grandkids

War without taxes defies all of US history. Why are we allowing it?

(Newser) - As Congress tackles the latest "emergency" spending bill for Iraq and Afghanistan, bringing the total to more than $860 billion, Ruth Marcus notes in the Washington Post: "For the first time in American history, every penny of that amount will have been borrowed. For the first time, billions...

General Election Starts Coming Into Focus

McCain, Obama focus on Democrat's economic agenda

(Newser) - Barack Obama launched a 2-week economic tour today, prompting dueling press releases, Time reports. Obama kicked off the one-on-one stage of the election by vowing to “restore fairness and balance to our economy,” and John McCain's campaign countered by saying the Democratic nominee "doesn’t understand the...

Senate Moves to Privatize Anemic Restaurants

Move takes money- losing subpar eateries off the taxpayer dime

(Newser) - The Senate has voted to privatize its restaurants after decades of losing money, the Washington Post reports. The decision comes after much wrangling among Democrats, split between the $250,000 taxpayer subsidy that keeps the restaurants afloat and the lower wages workers would receive. “You cannot stand on the...

IRS Employees Charged With Sneaking Into Records

Internal audit nabs five in Calif. office; ties to snooped-on taxpayers uncertain

(Newser) - Five employees at a California branch of the Internal Revenue Service have been charged with illegally inspecting citizens’ tax information, ComputerWorld reports. Exactly whom the workers were snooping on was not disclosed, but there were up to 13 victims, all in 2006. Court dates on misdemeanor charges are pending for...

Broke California May Tax Beer, iTunes, Sex Toys

Partisan battle heats up as budget shortfall looms

(Newser) - A $1.80 tax on every six-pack of beer. An iTunes sales tax. A 25% tax on sex toys and pornographic entertainment. These are just some of the more creative measures put forth by California's Democratic lawmakers to close a budget shortfall estimated at $20 billion, the Los Angeles Times ...

Italy Puts All Salaries Online
Italy Puts All Salaries Online
May 1, 2008 4:12 PM CDT

Italy Puts All Salaries Online

Critics hammer 24-hour privacy breach as residents check up on neighbors, celebs

(Newser) - The outgoing Italian government posted all citizens’ earnings and tax information, briefly, on the Internet yesterday, sparking outrage over lost privacy, the BBC reports. The site was quickly clogged by Italians checking up on neighbors’ and celebrities’ financial status. The information went offline after about 24 hours in response to...

Bush Sees Rebate Checks Offsetting 'Slowdown'

Stimulus package hits home(s) next week

(Newser) - Again steering clear of the R-word, President Bush said today that the tax rebates scheduled to be distributed starting next week will "give our economy a boost to help us pull out of this economic slowdown," Bloomberg reports.

Denzel, Others Go to Bat for Snipes
Denzel, Others Go to Bat
for Snipes
Apr 23, 2008 9:35 PM CDT

Denzel, Others Go to Bat for Snipes

He's a 'mighty oak,' judge told; sentencing in tax case tomorrow

(Newser) - Wesley Snipes is not merely an actor trying to get out of a jail sentence on tax charges. He is a "mighty oak," says Denzel Washington. "True citizen of the world," says Woody Harrelson. "Goodness in his heart," says Judge Joe Brown. Snipes is...

Top 10 Celebrity Tax Troubles
 Top 10 Celebrity Tax Troubles 
Apr 15, 2008 5:39 PM CDT

Top 10 Celebrity Tax Troubles

Wesley Snipes, Willie Nelson (among others) no strangers to the IRS

(Newser) - Tax day can be a hassle, but at least most of us don't have to worry about the glare of the media spotlight, too. Access Hollywood rounds up the top 10 celebrity tax controversies.
  1. Damon Dash: New York State billed the music mogul $2 million.
  2. Joe Francis: Girls Gone Wild
...

Top 10 Beers for a Tax(ing) Day
 Top 10 Beers for a Tax(ing) Day 
Apr 15, 2008 1:10 PM CDT

Top 10 Beers for a Tax(ing) Day

Best brews to drown post-tax woes

(Newser) - What better time to drown your woes in beer than tax day? Whether you're mourning the death of your bank account or dropping some of that refund, SF Weekly put its spin on Draft magazine's top booze for the occasion:
  1. Abita Turbodog tastes far better than TurboTax
  2. Nothing's more patriotic
...

TurboTax Tries to Avoid '07 Filing Nightmare
TurboTax Tries to Avoid '07 Filing Nightmare
Tax Day
Apr 15, 2008 9:19 AM CDT

TurboTax Tries to Avoid '07 Filing Nightmare

No error messages this time around, Intuit promises

(Newser) - It’s April 15 again, and perhaps nobody has their fingers crossed quite like Intuit software. A year ago 170,000 people rushed to file last-minute tax returns online through TurboTax… only to get an error message, delaying their filings for up to 13 hours. This year, Intuit’s done...

War Killing Economy, Democrat Says

Lawmaker calls war a 'leading cause' of economic woes

(Newser) - While President Bush touted a "turnaround" in Iraq today, one lawmaker called the war "a leading cause" of America's economic woes, the Swamp blog reports. Test-driving the Democrat’s new anti-war argument, Kentucky Representative John Yarmuth blasted General Petraeus for advocating “more of the same, with U....

Gas-Guzzlers Will Cost Londoners $50 a Day

Mayor's move sparks outrage, applause

(Newser) - In a move to make drivers of gas-guzzlers “pay for the environmental damage they cause,” London’s mayor is imposing a CO2 charge: beginning in October, every private vehicle driven in the central city that doesn’t meet tough emissions standards will cost its owners $50 a day,...

SF Healthcare Tab Lands on Diners' Checks

Restaurateurs balk at measure to fund universal coverage

(Newser) - Sweeping new health care legislation requires all San Francisco businesses with more than 20 employees to contribute to their health insurance—and restaurant owners are suing over the new burden, the Los Angeles Times reports. Owners say the fees cut into already-low profit margins; diners, who are seeing some of...

GOPer Drafts $1.4T Proposal to Tweak Obama

Budget measure would enact candidate's most expensive measures all at once

(Newser) - Some of Barack Obama’s boldest campaign-trail talking points are headed for a Senate vote—in the form of a budget amendment from a Republican. No, Wayne Allard isn't jumping GOP ship, but rather wrote the Obama-esque legislation to embarrass the Democratic candidate by pointing up his profligate ways, Martin...

Aretha Sings Foreclosure Blues
 Aretha Sings Foreclosure Blues 
Mar 13, 2008 2:05 PM CDT

Aretha Sings Foreclosure Blues

Lawyer's $445 tax mistake puts Franklin's Detroit pad at risk

(Newser) - Aretha Franklin’s mansion is in foreclosure after the Queen of Soul flubbed her taxes, TMZ.com reports. Franklin owes $19,192 in back taxes, but she says she’ll pay before the March 31 deadline. The singer faults her lawyer for a 2005 mistake over $445 in taxes and...

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