Federal Tax Questions

THE GREAT CORPORATE TAX DODGE
Gather.com, MA
The overall share of federal taxes paid by US corporations is now less than 10 percent, down from 21 percent in 2001 and 50 percent during World War II. According to the Government Accountability office (the investigative arm of Congress), …

New attacks asault Americans' freedoms
Gloucester County Times - NJ.com, NJ
Federal taxes used in a "bailout" of California will be assessed against all Americans, including those taxpayers in California, as well as New Jersey. Our very liberal president, and congressional liberals, too, busily shred the same US Constitution …

The ABCs of how local alcohol board operates
Salisbury Post, NC
In 60 years of the local board's existence, Hendrick says, state and federal taxes on alcohol sales have increased significantly. - Bailment, the fee charged to run the state ABC warehouse in Raleigh, has increased from 67 cents to $1.10 cents per case …

Financial slip-ups can pack a punch
Arizona Republic, AZ
Withdrawals are hazardous because people pulling out money before age 59 1/2 face state and federal taxes plus a 10 percent tax penalty. But if you must tap this cash, at least try to avoid that 10 percent penalty. One way to do so, on either an IRA or …

Budget deficit at Rs 405bn in first three quarters
Daily Times, Pakistan
Punjab received Rs.191.330 billion as revenue share from federal taxes as NFC Award share. Development expenditures of the province amounted to Rs.66.725 billion and non-development expenditures were 197.852 billion. Revenues of Government of Sindh …

Gallery Furniture owner says he's willing to fight business …
Houston Chronicle, United States
Jim McIngvale says he pays his school taxes, federal taxes and every other tax he can name. But the owner of Gallery Furniture says he refuses to pay about $48000 in taxes and penalties he owes a local management district on principle. …

Gallery Furniture owner defies business district's $48000 bill
Houston Chronicle, United States
Jim McIngvale says he pays his school taxes, federal taxes and every other tax he can name. But the owner of Gallery Furniture says he refuses to pay about $48000 in taxes and penalties he owes a local management district on principle. …

Support Fair Tax Act
Leader-Telegram, WI
Also imagine receiving your entire paycheck with zero in federal taxes taken out of it! This bill has been in the works for a number of years, but now is the time we need it. Most of the major financial problems our great county is going through could …

McCulley Says No Significant Recovery Until 2010
Bloomberg
The bonds are exempt from local taxes in the state of issue, though not from federal taxes. The market may grow from the $10.3 billion sold since April to as much as $150 billion, according to Barclays Capital. The Fed's asset purchases are part of …

Another celebrity in the IRS spotlight: Robin Givens
Accountingweb.com, OH
The 44-year-old actress is being sued by the US Government for what it says is $292000 in unpaid federal taxes, interest, and penalties dating back to 1996. The formal judgment entered in early May lists 39 separate assessments and involves eight of …