taxation

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Feds Mull Taxing College Sports, but Pickings Are Slim

(Newser) - The Congressional Budget Office, eager for new sources of income, is considering taxation options for the nation’s collegiate athletic franchises, the Economist reports. Among the proposals are curtailing deductions for charitable donations to college sports programs; limiting tax-exempt bonds; and, most drastically, stripping the programs of their traditional tax-exempt...

'Gay Tax' Hurts Couples Tying the Knot
 'Gay Tax' Hurts 
 Couples Tying the Knot 
COMMENTARY
May 16, 2009 4:13 PM CDT

'Gay Tax' Hurts Couples Tying the Knot

Federal inequality lands same-sex couples in the poor house

(Newser) - First comes love, then comes marriage, then the taxman, who penalizes same-sex couples with the “gay tax,” Nancy Goldstein writes on NPR. The media’s morality play about gay marriage has overshadowed the economic costs of inequality, argues Goldstein, who calculates her annual tax at $1,820 for...

Oakland Proposes Nation's First Pot Tax

City council approves pot levy; voters to decide in July

(Newser) - Oakland’s city council has approved a provision to apply a 1.8% tax to marijuana sold at medical dispensaries. If voters endorse the measure in July, Oakland would be the first city in the US to tax pot, reports the Wall Street Journal. Backers say it would bring in...

Rove: GOP Ignores Tea Parties at Own Peril

Party needs to harness anti-tax feeling as issue moves to the forefront

(Newser) - Karl Rove thinks the "tea party" anti-tax movement is "frequently amateurish and sometimes shrill," but he knows an opportunity for his beleaguered GOP when he sees one. The movement represents an outpouring of real and growing concerns that the party can't afford to ignore, the...

Nevada Lawmaker Seeks Hooker Tax

$5-per-day levy on clients proposed to boost state coffers, help sex workers

(Newser) - A Nevada lawmaker is seeking a new tax on the world's oldest profession, NPR reports. Democratic State Sen. Bob Coffin has introduced a bill that would tax anybody using the services of a prostitute—in the state's 25 legal brothels or elsewhere—$5 per day, with the proceeds going to...

Dems Slash Obama's Budget

Congressional Dems scrap future plans to bail out financial sector

(Newser) - Democratic leaders trying to trim the federal deficit have taken a hatchet to President Obama's budget plan, reports the Washington Post. Congressional Democrats are expected to formally announce plans today to cut hundreds of billions of dollars from the budget over the next five years, and eliminate plans to steer...

Prez Won't Fight Tax on Health Benefits

Plan echoes McCain proposal slammed by campaigning Obama

(Newser) - Despite attacking John McCain for the idea on the campaign trail, President Obama will not oppose taxing some worker health benefits to fund health care reform, reports the New York Times reports. On the stump, Obama called a similar plan “the largest middle-class tax increase in history.” While...

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...

Obama's Tax Plan Is 'Dumb... Painful': McCain

Biden calls for tax hike on rich, urging 'it's time to be patriotic'

(Newser) - John McCain slammed Democratic plans to raise taxes as “just plain dumb” and “painful,” the Chicago Tribune reports. The vehement appraisal came after Democratic vice presidential candidate Joe Biden urged high-income earners to embrace a tax hike targeted at them. “It's time to be patriotic…time...

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