taxes

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Inspector Finds IRS Lax in Disposing of Sensitive Docs

Agency vows oversight of waste contractors

(Newser) - Sensitive documents that could be used to steal taxpayers’ identities were found in trash bins outside several Internal Revenue Service bureaus visited during a months-long government inspection, Reuters reports. Because of the findings, the IRS has increased oversight of the contractors responsible for its waste. Identity theft is an increasing...

Soda Tax Makes Good Sense
 Soda Tax Makes Good Sense 
OPINION
May 20, 2009 10:49 AM CDT

Soda Tax Makes Good Sense

(Newser) - The soda tax is a great idea, and its probable death at the hands of lobbyists serves to highlight all the problems with our tax system, writes David Leonhardt in the New York Times. The current system doesn’t raise enough money, and it’s “complex in all the...

Proposed Tax No Fair, Brown U. Students Say

Providence mayor wants to charge them $300 a year

(Newser) - Students at Brown University say they contribute to their community in countless ways, and a proposed $150-per-semester tax shouldn’t be one of them, the AP reports. “We’re more able to provide labor, we’re more able to apply the things that we're learning in the classroom, than...

Congress Weighs Soda Tax
 Congress Weighs Soda Tax 

May 12, 2009 7:41 AM CDT

Congress Weighs Soda Tax

A few cents on every can could improve health

(Newser) - With health care reform expected to run the government around $1.2 trillion, Congress is looking for ways to pay for it. A new idea bouncing around Capitol Hill is a soda tax, reports the Wall Street Journal. “Soda is clearly one of the most harmful products in the...

Obama Takes Swipe at 'Folks Waving Tea Bags'

(Newser) - President Obama directed his most direct criticism yet at anti-tax “tea partiers” today at a town hall event marking his first 100 days in office, Politico reports. Though studiously vague, Obama conceded that people watching “certain news channels on which I'm not very popular” might “see folks...

First Twitter Arrest: FBI Nabs Man Posting Threats

(Newser) - Another Twitter first: An Oklahoma City man has been arrested by the FBI after tweeting threats of a bloody rampage against the government at last week’s "tea party” in that city, Wired reports. “START THE KILLING NOW! I am willing to be the FIRST DEATH!” wrote...

Firms Fight Overseas Tax Changes Worth Billions

Last year's sheltered earnings could have brought US $20B

(Newser) - Overseas tax reform plans in the works under President Obama would put a serious squeeze on top firms, which under current law can store foreign income abroad indefinitely, reports the Wall Street Journal. Ten of the biggest companies earned $58 billion in 2008 that’s now sheltered overseas—money that...

Opinion on 'Tea Parties' Split Down Party Lines

(Newser) - Evaluations of the effectiveness of yesterday’s anti-tax “tea parties” are split predictably down partisan lines, Chris Cillizza writes for the Washington Post. Republicans touted the protests, which brought out tens of thousands and garnered major media coverage, as a success. “I think something is going on out...

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...

Secede? You Never Know, Says Texas Governor

(Newser) - Texas Gov. Rick Perry thinks this union of states we call America is a pretty good thing, but he warned that Washington better not take it for granted, the Dallas Morning News reports. "There's absolutely no reason to dissolve it," he told reporters after addressing the anti-tax, anti-big-government...

Anti-Tax Faithful Rally at Tea Parties
 Anti-Tax Faithful 
 Rally at Tea Parties 
slideshow
Apr 15, 2009 6:32 PM CDT

Anti-Tax Faithful Rally at Tea Parties

(Newser) - Whipped up by conservative commentators and bloggers, tens of thousands of protesters staged "tea parties" around the country today to tap into the collective angst stirred up by a bad economy, government spending, and bailouts. Protesters even threw what appeared to be a box of tea bags toward the...

Obamas File $2.7M Tax Return
 Obamas File $2.7M Tax Return 
Apr 15, 2009 4:55 PM CDT

Obamas File $2.7M Tax Return

It's a big pay cut from the year prior

(Newser) - With the country finishing up its taxes, the Obamas divulged their household income today, revealing a combined income of $2.7 million last year—significantly less than 2007’s $4.2 million. Most of it came from the president’s books, which raked in a combined $2.5 million. The...

White House Locked Down After Protesters Toss Tea Bag

(Newser) - The Secret Service locked down the White House compound this afternoon after someone hurled a package in an apparent act of defiance meant to echo the rebellion of the Boston Tea Party and related tax protests around the country. Officers cleared the street and Lafayette Park across from the White...

What If I Don't Feel Like Filing?
 What If I Don't Feel Like Filing? 
ANALYSIS
Apr 15, 2009 2:08 PM CDT

What If I Don't Feel Like Filing?

Christopher Beam explores the potential evader's options

(Newser) - With millions of Americans enduring long lines at the post office today to file their tax returns, Christopher Beam of Slate can’t help wonder: What would happen if you simply didn’t file? The answer is probably not much—7 million Americans declined to file last year, and only...

Why Waste Tea When Taxes Are Going Down?

(Newser) - Want to get in on the fun and excitement of the anti-Obama Taxpayer Tea Party? Here’s how, writes Marc Cooper in the Los Angeles Times: “Go to a hobby store. Buy a scale model of a UN One-World-Government Black Helicopter and a tube of glue. Toss the model...

Tax-Day 'Tea Parties' Test Aversion to Obama Spending

Tens of thousands set to attend nationwide demonstrations

(Newser) - Fiscal conservatives across the country will reenact Revolutionary history today with tea parties in every state to protest taxes and increased spending, ABC News reports. Tens of thousands are registered to attend in major cities, testing whether anti-Obama budget sentiment, which has picked up steam on the Internet, with help...

Report: US Loses $100B Yearly to Tax Havens

Tax Day release highlight burden tax-dodging firms put on taxpayers

(Newser) - Corporations stashing their cash in tax havens cost the US—and ordinary taxpayers who shoulder the burden instead—$100 billion every year, the Huffington Post reports. A new report breaks down the loss through "shell companies and sham headquarters" by state, finding that the people of New York are...

Expect Huge Jump in Tax Delinquents: Analysts

Americans frightened, suspicious, evasive

(Newser) - Many more strapped Americans will skip out on tax bills this year, analysts tells Reuters, spending on everyday needs instead. “We’ve seen a huge rise in what we call the rookie delinquent taxpayer,” says one who expects a 280% jump. “They are incredibly scared, and they...

Cash-Strapped States Raise Taxes as Revenue Declines

At least 10 states face substantial budget gaps

(Newser) - A precipitous decline in tax revenue has at least 10 states considering major increases in sales or income taxes to close budget gaps that in some cases run into the billions, the Wall Street Journal reports. States like Oregon, facing a $4.4 billion budget gap and 10.8% unemployment,...

Senate Panel's Tax Scrutiny Hampers Confirmations

(Newser) - The sheer number of tax-related problems that have slowed confirmation of Obama nominees has some insisting the process has become tougher, Time reports. Not so, says Sen. Charles Grassley. “We are vetting nominees for the current administration the same way we vetted nominees for the previous administration,” said...

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