The Internal Revenue Service is alleging that a Pittsburgh Steelers Hall of Famer owes more than half-a-million dollars in back income taxes.
A federal court in Newark, N.J. has rejected Schering-Plough Corp.'s request for a $473 million tax refund related to the drugmaker's efforts to avoid paying taxes on $690 million in overseas profits it brought back to the U.S. from offshore subsidiaries.
After nearly four years in prison for tax evasion, America’s first reality show star is unapologetic, insisting he was made a victim because of his open homosexuality: “There are personal issues for the prosecutor. The prosecutorial misconduct has been egregious.”
President Barack Obama is struggling to find a way to pay for an overhaul of the nation's health care system without violating his campaign promise not to raise taxes on the middle class.
In a rebuke to the Treasury secretary, the White House said Monday that President Barack Obama remains opposed to any tax hike for families earning up to $250,000.
The White House spokesman says President Barack Obama is committed to not raising taxes on U.S. families earning less than $250,000.
The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.
Amazon.com has reinstated its associate program with Hawaii-based Internet partners.
The budget mess in California has readers in that state wondering: So just where does my tax money go, anyway? Unraveling that question helps explain why the Golden State's financial problem has so far defied a solution.
The House Ways and Means Committee has passed legislation to revamp health care, approving tax increases on the wealthy to help pay for the plan.
House Democrats shouldn't expect votes from Republicans in passing a bill that increases taxes on the rich to pay for health care reform.
Oakland residents overwhelmingly voted Tuesday to approve a first-of-its kind tax on medical marijuana sold at the city's four cannabis dispensaries.
House Democrats scrambling for ways to pay for overhauling health care would raise taxes on the wealthiest Americans to levels not seen since the 1980s, breaking one of President Barack Obama's campaign pledges.
A federal judge in Rhode Island says "Survivor" winner Richard Hatch cannot leave home confinement early to star in a 10th anniversary edition of the reality show in Samoa.
The Tax Man is in the mirror for the estate of the late King of Pop.
In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.
Amazon.com has cut ties with Rhode Island Web sites that make referrals to the online retailer because a law designed to collect sales taxes on these transactions will soon come into force, the Providence Journal reported Tuesday.
Amazon.com said Friday it has pulled the plug on commissions for North Carolina Web sites that make referrals to the online retailer because a law designed to collect sales taxes on these transactions could soon be enacted.
President Barack Obama's efforts to increase taxes on multinational corporations took a hit Thursday when a new congressional estimate showed his plan would raise only three-fourths of the money the administration projected.
- As the young Obama administration spends trillions of dollars in its effort to turn around the nation’s economy and revive the U.S. auto industry, the American public is concerned about the size of the budget deficit and the government’s intervention into the private sector, the latest NBC News/Wall Street Journal poll finds.
When it comes to taxing health insurance benefits, President Barack Obama hasn't said yes, and may never. But he and his top aides won't quite say no, either, to an idea he attacked sharply in his campaign for the White House.
The Senate Finance Committee has said it is considering raising federal taxes on alcohol and creating a new tax on sugar-sweetened drinks to help pay for revamping the nation's health care system, an overhaul that could cost $1.5 trillion over the next decade.
Canada, Brazil, Chile and the European Union protested an unintended tax break for U.S. paper companies Thursday, warning Congress that it could result in trade sanctions.
Joe Six-Pack may have to hand over nearly $2 more for a case of beer to help provide health insurance for all.
The state Court of Appeals ruled Tuesday against Wal-Mart Stores Inc. and its efforts to get a $33 million tax refund, upholding a trial judge's ruling that found a complex corporate structure was used primarily to avoid corporate income taxes.
What a mess this country is in. On the domestic side, you have the liberals, with their deeply engrained socialist philosophy, whose programs forcibly take money from Peter and give it to Paul, magically converting everyone into caring and compassionate saints.
he state has an average of 4.37 employees for every inmate, the board found, and personnel expenses are what drives costs in penal systems.
He's Charlie Rangel, head of the tax-writing House Ways and Means Committee -- who can't be bothered to tend to his own tax returns, but now intends to punish ordinary folks for making arguably minor mistakes on their forms.
Social scientist and New York Times best-selling author Martin L. Gross tells Newsmax that the U.S. is heading for "national suicide" due to overspending and high taxes.
"Puritanism," said H.L. Mencken, is "the haunting fear that someone, somewhere, may be happy." According to Thea Lee, policy director at the AFL-CIO,
Music: Hi-Ho - Snow White and the Seven Dwarfs I'm by no means a financial genius, but I do have common sense. I can analyze financial information, and cut through the maize, if there is one.
The AFL-CIO labor union has a new tax in mind which specifically applies a small tax — a tenth of 1 percent — on every stock transaction.
How many of you can remember the free speech zones outside the Democrat and Republican National Conventions in 2004? Ostensibly a part of stringent security measures in a post-9/11 world, those who protested war in the Middle East, George W.
When members of Congress proposed paying for expanded health care with a tax surcharge on America's wealthiest citizens, the attack was swift but predictable. Taxing the top was labeled "class war," an attack on the successful, and bad for business and the economy.
Not only does bigger government teach people not to take care of themselves, it teaches them not to take of others. Smaller government is the primary reason Americans give more charity and volunteer more time per capita than do Europeans living in welfare states.
Rasmussen: Sixty-two percent (62%) of Americans say it's always better to cut taxes than increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their own money.
The nation's largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
Well, excuse me, but I don't recall having the option of not paying for the illegal and immoral invasion of Iraq, or the continuing occupation that was funneling hundreds of billions to Halliburton, Blackwater and other waste or fraud.
It's starting to seem like retirees and those saving for retirement can't catch a break.
PITTSBURGH — A former CEO of a company that hired staff for medical facilities was charged Friday in federal court in a fraud and tax evasion scheme that prosecutors say caused shareholders to lose more than $200 million.
Mr. Rangel, who is facing investigations by two House subcommittees into his personal finances and fund-raising, filed amended financial disclosure forms on Aug. 12 acknowledging that he had omitted an array of assets, business transactions and sources of income.
On the other hand, the notion that politicians will point fingers and do nothing as deficits mount has plenty of historical support.
During last year's campaign, President Obama vowed to enact a bold agenda without raising taxes for the middle class, a pledge budget experts viewed with skepticism.
The health overhaul debate has generated plenty of heat. Yet no one has offered a solution to one vital and unavoidable dimension: the future.
There is a massive non-partison TEA party movement still growing as most of the media attempts to ignore it. On 9/12 there will be a huge rally in DC.
Why do we need a monetary system anyway? All it does is cause problems for us. Whatever happened to bartering? Remember when you could go help someone plant their garden and then they'd come help with yours, or give you some food for your assistance.
Even stranger, city records show that Rangel still owns the building. How can that be, if Rangel sold it, as he now claims? Maybe the records are wrong, but Charlie's not talking. There are adjustments -- as much as $780,000 -- in the value of his assets:
The law is an ass when the burden of responsibility is not the same before Lady Justice. We may have equal opportunity but we do not have equal resources.
Tax collectors are using social media to track down deadbeats.
The boss of UK watchdog the Financial Services Authority (FSA) says he would be happy to consider a tax on banks to prevent excessive bonus payments.