Wondering how Paulson intends to spend your tax dollars? Me too. But if he has his way, you and I won’t have a say in it – nor will anyone else. In a three page summary of his plans for a bailout, which he hoped that Congress would rush to approve, Paulson wrote: Sec. 8….
For years, the GOP has been viewed as having a lock on the link between God and politics – and I am not claiming that to be a good thing. But maybe that’s changing – and I am not claiming that to be a good thing, either. Senator and Vice Presidential hopeful Joe Biden recently…
As a result of the recent volatility on the stock market, I’ve received a bunch of questions about claiming losses on individual tax returns. What’s been made clear is that there are a lot of misperceptions floating about… I thought I’d try and set some things straight. To keep it simple, I’m going to focus…
Taxpayer asks: Our company is closing its doors as of this month. When are we required to file 1099’s for the payments made in 2008? We will not be around in February of 2009. Taxgirl says: I’ve checked around and it doesn’t appear that there is any prohibition against sending them early. I say, send…
French Prime Minister Francois Fillon has announced that the country will not tax sporks and other plastic utensils after all. The French government has conceded that now is perhaps not the best time to introduce the products now because many French are already worried about their declining purchasing power. Indeed, those opposed to the tax…
Okay, so I made the last part up. But Treasury Secretary Henry Paulson’s series of statements today regarding the latest proposal sounded like those spam emails in my inbox promising everything from riches to more energy. And just like those “too good to be true” messages, Paulson’s messages were a little too over the top…
In light of the recent government bailouts of several high profile companies, some pundits are rushing to attempt to correct the idea that taxpayers are paying the tab. Some analysts are trying to push the idea that the billion dollars’ worth of bailouts are merely structured as loans or investments by “the government” and thus…
Nah, I didn’t think so. Wanna talk about it? The folks behind An Inconvenient Tax, an upcoming documentary about taxes (yep, you remember correctly – I was interviewed for the film), invite to you call and rant about taxes on their dime. The number is 1.877.615.3291. If you’ve got something to say, consider giving them…
Rep. Charles Rangel (D-NY) has announced that he will not step down as chairman of the House Ways and Means Committee, despite an ethics investigation into his personal finances. Instead, according to his lawyer, Rangel will hire a “nationally renowned forensic accounting firm” to review and report his finances. After the review, the report will…
You already know what I think. McCain says: We should never again allow the United States to be in this position. We need strong and effective regulation, a return to job-creating growth and a restoration of ethics and the social contract between businesses and America. Obama says: This crisis serves as a stark reminder of…