Category Archives: Taxing

Utah man wins Lamborghini, crashes it hours later

By doris | Published: December 22, 2011

Full Story at msnbc.com SALT LAKE CITY — A truck driver who won a Lamborghini worth about $300,000 in a convenience store contest crashed the sports car six hours after he got it, and he now plans to sell the 640-horsepower convertible because he can’t afford the insurance or taxes. “I already had offers on [...]

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A tax on Christmas trees?

By doris | Published: November 9, 2011

Full Story at FirstRead.com Will the government be a Grinch this year and impose a tax on Christmas trees? That’s what the conservative Heritage Foundation claimed Wednesday. A vice president for the think tank asserted that a new “Christmas Tree Promotion Board” established today by the USDA intended to promote the sales of fresh Christmas [...]

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Many companies pay no income taxes, study finds

By doris | Published: November 3, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The corporate tax rate is 35%. But an examination of 280 of the nation’s largest corporations suggests that many aren’t paying anything close to that. The real tax rate paid by a slew of major corporations averages closer to 18.5%, according to a study released Thursday by [...]

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Gas Tax Could Bring Jump At The Pump

By doris | Published: October 18, 2011

Full Story at Baltimore.cbslocal.com ANNAPOLIS, Md. (WJZ) — Get ready for a possible jump at the pump. Governor Martin O’Malley wants to raise the gas tax. Now drivers are sounding off. Andrea Fujii has the outrage. It wasn’t the news one driver wanted to hear right after buying a new sports car. “It doesn’t sound [...]

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Big Oil’s $4 billion tax break in doubt

By doris | Published: April 26, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Obama repeated his call Tuesday for an end to $4 billion in oil industry tax breaks as gas prices approach $4 a gallon and after a top lawmaker indicated a possible shift in Republican policy. In a letter to congressional leaders, the president said the oil [...]

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Tax the rich! OK, but then what, Mr. President?

By doris | Published: April 12, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes. It’s not clear what he’ll say about taxes on Wednesday when he lays out his ideas for how to tackle [...]

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Social Security payout to exceed pay-in this year

By doris | Published: March 25, 2010

The Goverment kept borrowing from SS because there was a surplus of money. They did not put it back.Now there is not enough money to pay the people that depend on it to live. They better find the money to help these older people out. Or do the not just care about the older people [...]

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Senate Considers Federal Tax On Soda

By doris | Published: May 13, 2009

Full Story At  CBS News The Senate Finance Committee today is hearing proposals on how to pay for President Obama’s proposed universal health care plan, which is expected to cost more than $1 trillion. Among the proposals, as Consumer Affairs reports: A three-cent tax on sodas as well as other sugary drinks, including energy and [...]

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Administration open to taxing health benefits

By doris | Published: March 16, 2009

Full Story At  msnbc.com WASHINGTON – The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system. The proposal is politically problematic for President Obama, however, since it is similar to one [...]

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