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Tax and Politics
Politics may be divisive and polarizing, but it impacts every aspect of our lives—including our taxes. Read this section of our blog to find out when Washington is taking aim at tax policy. New tax laws, tax debates, and even state headlines can be found here. We’ll walk you through all the biggest headlines to help you understand how our elected officials may affect your taxes. Have questions about your taxes? Get them answered by using our free live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax and Politics
Apr
12
Former Lt. Governor Abel Maldonado in IRS Tax Heat
Average Joes commonly think that politicians have it easy. They get to work the system, make connections, and avoid certain things, like taxes. But tell that to former California Lieutenant Governor Abel Maldonado, who now finds himself in the middle...
Mar
26
Peyton Manning to Pay Less Income Tax in Colorado
In one of 2012’s biggest sports deals, star NFL quarterback Peyton Manning signed a $96 million, five-year deal with the Denver Broncos. Released by the Indianapolis Colts to free up some capital, Manning was courted and sought by multiple teams. P...
Feb
14
Rich Californians Flee Golden State Tax Regs
They call California the Golden State, but some of the richest Californians are heading for a place less golden. Well, assuming they can get away from tax regs. Rich Californians Fleeing Tax Regs State officials released a new report on taxpayers in ...
Feb
10
Facebook IPO Will Be a Tax Boon
With 800 million users across the world, Facebook is perhaps one of the most successful websites the Internet has ever seen. And when the Menlo Park-based company goes public, the site borne in a dorm room is set to have major tax implications after ...
Jan
31
Federal Workers Owe IRS Billions
Did you enjoy paying your income taxes last year? Looks like thousands of federal employees decided that last year’s April 15 wasn’t for them. A recent IRS report announced that 279,000 federal workers and retirees owe Uncle Sam more than $3.4 bi...
Jan
25
Romney Releases Tax Records After Criticism
Running for President of the United States requires you to be 35 years old and a natural born citizen. But nowadays, you better be able to reply to the media’s and other candidates’ requests to “show me the money.” Current presidential candid...
Nov
30
Breaking: Obama Nixes Xmas Tree Tax
Just a few days before Black Friday created a ruckus in some of the nation’s holiday shopping centers, a proposed tax on Christmas trees created a flurry of its own kind. This Xmas tree tax proved to be a real pain. Xmas Tree Tax Spurs Holiday Upro...
Sep
27
Bigger Paychecks on the Horizon?
As the debate over the economy keeps running, so does Washington’s bickering and feuding. President Obama wants to put Americans back to work by having the government spend money fixing and building roads, bridges and schools. Republicans want to c...
Sep
06
Warren Buffet Urges Higher Taxes on Super-rich
In a highly publicized column in mid-August, billionaire investor Warren Buffet urged Washington politicians to stop coddling America’s wealthiest and to increase taxes on the super-rich like himself. Warren Buffet Criticizes Washington for Coddlin...
Aug
17
Corporate America Wants a Holiday
With $1.5 trillion in cash sitting in foreign bank accounts, Corporate America wants Congress to create another holiday just for them. US Companies Urge Tax Haven for Foreign Cash After one was created by Congress in 2004, American companies are urgi...
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