NewsTrust - Taxes - Most Recent Stories

Cable Wars Are Killing Objectivity

Mon, 20 Apr 2009 00:00:00 -0700

New York Times - By David Carr - Apr. 20 (Opinion) - Apparently there is an ingredient in tea that causes hysteria when given to cable news anchors. How else to explain the coverage of the tax day tea parties on Wednesday, which was the day when we procrastinators finally mailed the check to the feds?

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Google is accused of UK tax avoidance

Mon, 20 Apr 2009 00:00:00 -0700

The Guardian - By Terry Macalister - Apr. 20 (News Report) - Google has joined the list of companies facing criticism over tax avoidance after public accounts showed it paid only £600,000 in UK corporation tax despite local revenues of more than £1.25bn.

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Teabaggers Stray Off Topic, HuffPosters Report

Sun, 19 Apr 2009 00:00:00 -0700

Huffington Post - Apr. 19 (News Report) - While a majority of the protesters who attended tea parties across the nation convened to oppose to taxes, many conservatives viewed these gatherings as a platform to voice their other political grievances. Dan Diviney, one of over 2,500 HuffPost citizen reporters who signed up to cover the Tea Parties, found that pervasive griping about taxes served as a backdrop for other issues that elicited more vehement outrage from attendees; the majority of citizen reporters submitted dispatches that illustrated a similar environment at their local event.

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Resenting the rich

Fri, 17 Apr 2009 00:00:00 -0700

Economist - By Saugato Datta - Apr. 17 (Poll) - (Online Debate) Vote on this question: This house believes that the rich should pay higher taxes. Do you agree with the motion? 51%voted yes 49%voted no

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Tax Fantasies of the Right and Left

Fri, 17 Apr 2009 00:00:00 -0700

Washington Post - By Steven Pearlstein - Apr. 17 (Opinion) - Unless we're prepared to make major cuts in spending on defense and entitlements -- and there is no evidence of a political will to do so -- there's no way to balance the budget and do everything the president wants without a modest increase in the share of national income that goes to taxes.

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Tax Me, Tax Me!

Fri, 17 Apr 2009 00:00:00 -0700

National Public Radio - By Dick Meyer - Apr. 17 (Opinion) - You want to hear some deeply wise and thoroughly counterintuitive wisdom from the crowd? How about this: Americans are perfectly happy with how much they are taxed.

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IRS workers see double standard on tax errors

Fri, 17 Apr 2009 00:00:00 -0700

Chicago Tribune - By Tom Hamburger, Ralph Vartabedian - Apr. 17 (News Report) - The Treasury secretary, who oversees the IRS, didn't pay all his taxes. Neither did five other top nominees for the Obama administration, or their spouses. Now, as Wednesday's tax deadline looms, some Americans are wondering why they should comply with the arcane requirements of the Internal Revenue Service when top administration officials failed to do the same. Even some IRS employees are upset at what they see as a double standard. The most criticized example has been Treasury Secretary Timothy Geithner, who admitted not paying $34,000 in payroll and Social Security taxes, saying his failure to pay was an oversight. Five other nominees disclosed similar tax issues, including one as recently as two weeks ago when Kathleen Sebelius, President Barack Obama's pick for secretary of health and human services, admitted she didn't pay $7,040. "Our members are upset and angry," said Colleen Kelley, president of the National Treasury Employees Union, referring to concern bubbling up within the IRS over unusually strict rules that can cost agents their jobs if they make a mistake.

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Want to Pay Less in Taxes Next Year? Secession Could Lower Your Tax Bill.

Fri, 17 Apr 2009 00:00:00 -0700

Opinion Journal (WSJ) - By Brett Arends - Apr. 17 (Opinion) - Most people like a tax break. So three cheers for Texas governor Rick Perry, who on Tax Day highlighted a radical way to cut your federal tax bill. Secession.

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Tax Code Changes: Wealth Transfer — Aggressively Progressive?