taxes – News Stories About taxes - Page 24

Apr 17, 2007 9:09 AM CDT

Obamas Aren't Millionaires —This Year

Tax returns show drop in candidate's income, mostly royalties

(Newser) - Barack and Michelle Obama unveiled their 2006 federal income tax return yesterday, offering a peek into the wallet of one of the least affluent presidential aspirants. The couple reported $983,826 in taxable income in 2006—a comedown from 2005's $1.6 million.

Tax Code Spurs Llamapalooza

Apr 5, 2007 9:29 AM CDT

Tax Code Spurs Llamapalooza

The upper crust is using alpaca farming as a huge tax write-off

(Newser) - Some very ulikely agrarians—doctors, lawyers, computer programmers—have spurred a huge boom in alpaca farming in the last few years, not for the profits, of which there are rarely any, but for the huge tax write-offs. "What can't I write off?" Manhattanite Rob Bruce says. "I write...

Feds Sue Tax
Preparers for Fraud

Apr 4, 2007 11:45 AM CDT

Feds Sue Tax Preparers for Fraud

(Newser) - Tax preparers Jackson Hewitt have bilked the government out of more than $70 million, alleges a suit filed yesterday by the Justice Department. The suit claims that over 125 of the company's franchises, all owned at least in part by the same Atlanta businessman, engaged in massive tax fraud.

Support The Troops With
A War Tax

Apr 3, 2007 4:15 PM CDT

Support The Troops With A War Tax

Dems should insist on paying, not borrowing, for war

(Newser) - If the Democrats want to support the troops but call the question on the war, they should pass a "war tax," writes Richard Hall in the Detroit Free Press. They could adopt the supplemental appropriations, but attach an income tax surcharge to finance it. Would the president...

Former Giuliani Partner Faces Felony Charges

Mar 31, 2007 4:36 PM CDT

Former Giuliani Partner Faces Felony Charges

Kerik trial could embarrass the GOP frontrunner

(Newser) - Bernie Kerik is about to embarrass his former pal and partner Rudy Giuliani again. Federal prosecutors say they will charge Kerik with with several felonies in connection with the same problems that sank his nomination for secretary of Homeland Security in 2004.