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New Yorker A Tale of Two Loopholes: The President's Taxes and MineHuffington PostPaul Ryan, Republican Chairman of the House Budget Committee, has proposed a tax plan he claims will address this problem by lowering rates while closing "loopholes." Numerous commentators have complained that the plan fails to identify a single …In Iowa, Romney tags Obama ...

Analysis: State income up in April, but may not be enoughChicago Tribune(Reuters) – Personal income tax collections in states in April might have grown an average of more than 7 percent, but for some the increase may not be enough to ease budget crises. Reuters found that the average increase of personal income tax … ...

Christian Science Monitor How to make the Bush tax cuts workChristian Science MonitorBut the expiring tax cuts are worth several times that — more than $2.8 trillion over 10 years, or more than $4.5 trillion including alternative minimum tax relief, even without counting interest costs. 1 It's a good reminder that the most important …What ...

ThinkProgress Small US Wind Farms to Grow as Tax Incentives ExpandBloombergInstallations of wind farms with less than 20 megawatts of capacity may rise to a record this year if lawmakers expand a federal tax credit. At least 44 wind farms were built last year to serve individual US communities, often with financial support …ND Wind ...

New Yorker A Tale of Two Loopholes: The President's Taxes and MineHuffington PostPresident Obama recently released his 2011 tax return, showing an adjusted gross income (AGI) of $789674 on which he paid federal income tax of $162074, or 20.5 percent. The president noted that, like Warren Buffett, his secretary paid a slightly …Where President Obama ...

CBS News With Little Fanfare, Consensus Emerges on Curbs on High-Earner Tax BreaksWall Street JournalA conservative Republican last year proposed limits on deductions for high earners when he was part of congressional deficit-reduction talks. US President Barack Obama has proposed a budget that expands the number of high-income tax deductions he sees …Republicans target popular ...

New York Times Will Leading the World In Corporate Taxes Hurt the U.S.?Patch.comHe has reportedly taken citizenship in Singapore where there are no capital gains taxes at all. According to the Huffington Post, on April 1 this year the US overtook Japan and became the country with the highest corporate tax rate in the developed ...

Expatriation! Why and Why Not!!!JD Supra (press release)To expatriate legally, a US citizen must file Form 8854 with the IRS in which they certify that they are in compliance with federal tax law. This includes foreign asset disclosure and foreign income reporting. The soon to be expatriate must also pay an …...

Assembly committee supports extending California film tax creditLos Angeles TimesCalifornia lawmakers moved a step closer to approving a five-year extension of the state's popular film tax credit program. The Assembly Revenue and Taxation Committee unanimously voted to support a bill that would give funding to California' s film …...

Durbin Lautenberg Blumenthal Introduce Legislation to Close Tobacco Tax LoopholesPoliticalNews.me (press release) US Senator Dick Durbin (D-IL) was joined by Senators Frank Lautenberg (D-NJ) and Richard Blumenthal (D-CT) to introduce the Tobacco Tax Equity Act to close loopholes in the tax code that allow tobacco companies to avoid the federal …US Senators Introduce Legislation ...