You read that right, the deficit commission proposal would reduce and simplify personal tax rates. Just three brackets: 12%, 22% and 28%.
A Pennsylvania Jewish group claimed the Internal Revenue Service is targeting pro-Israel groups introduced in federal court a letter from an IRS agent that tax experts said was likely outside the usual or appropriate scope of an IRS inquiry.
So you have apples in that pay basket! When I heard that Rand Paul had claimed that average federal employee's compensation (including benefits) was more than $120,000, I thought that can't be true. Then I read Media Matters' lengthy response to the
“The idea of tax courts concerns either the setting up of special tribunals that would deal with tax cases without having to go through normal courts or the appointment of an adequate number of specialized judges to the existing structure...
Employers in the U.S. are starting to warn their workers to prepare for slimmer paychecks if Congress fails to vote on an extension of Bush-era tax cuts. “I’ve been doing payroll for probably close to 30 years now, and never have we seen something
Each day, $4 trillion dollars of currency are traded. For international businesses and travelers, trading dollars for other currencies serve a legitimate purpose. However, nearly 80 percent of these transactions are undertaken by a handful of major b
The fate of the Arlington tanning salon has been running high ever since a "tan tax" took effect. One of the less-publicized measures in the new health-care law, the tax imposes a 10% surcharge on the use of ultraviolet indoor tanning beds.
The Justice Dept.opened a criminal investigation into whether HSBC clients have failed to disclose offshore accounts. "The IRS had scored a very important victory against UBS, and is using that victory as leverage against other [foreign] banks,"