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Obama Proposes Buffet Rule To Replace Alternative Tax

Wed, 15/02/2012 - 16:06 by Rachna Pandya

Obama’s recent budget plan has raised perpetual arguments on his efforts for reducing tax load on middle-class by introducing ‘Buffet rule’ for wealthy Americans.

Prove Your Innocence, Get Income Tax Relief

Sat, 06/08/2011 - 23:29 by Steve Anderson

Two-year rule for equitable relief is scrapped. Read on to know what it means and how it benefits you: the innocent spouse.

Most Commonly Ignored Tax Deductions

Mon, 01/11/2010 - 10:30 by Anter Prakash Singh

Our complex tax code often makes us hand over our hard earned money as taxes when in fact we were eligible for a deduction.

Business Assistance Act of 2009: Builders Get Treated, Tax Payers Pick up the Tab

Mon, 16/11/2009 - 12:45 by Chandkishore Patro

The new bill makes provision for builders suffering losses in 2008 and 2009 to claim refunds from the tax paid in the previous five years.

Hiring a Tax Agent

Thu, 30/04/2009 - 16:13 by Daisy Sarma

One of the things you loathe is sitting down and sorting out your taxes. You are happier having someone tell you ‘this is the amount of tax you will have to pay for this year’ and paying it out, rather than sitting down and going through the painful process of calculating the tax due.

How Banks Can Exploit Geithner's Plan

Wed, 01/04/2009 - 10:17 by Morgan Housel

I want Treasury Secretary Tim Geithner's plan to save the banks to work. I want banks to jettison all the crap on their balance sheets and allow taxpayers to profit. Everyone does. It'd be the ultimate victory during an economic collapse where nothing has gone right

Help! I Can't Afford to Pay My Taxes!

Wed, 01/04/2009 - 09:49 by Motley Fool

You finally get down to the bottom line of your tax return, and the balance due to Uncle Sam is much more than you expected. In fact, it's more than you can afford to pay. You've dug through the couch cushions and checked all your pants pockets, but all you got was $26.55 and a lot of lint.

Poll: Canadians split on auto bailout

Thu, 19/03/2009 - 07:44 by Shruti Sharma

Toronto -- A poll of Canadian taxpayers suggests more than half oppose government aid to foundering automakers they claim brought on their own problems.

The Strategic Counsel online survey of 1,500 Canadians for CTV News and the Globe and Mail found 46 percent supported federal loans, while 54 percent opposed it.

The poll was done March 13-16, before Chrysler Canada threatened to pull out of Canada altogether if it didn't receive $2.3 billion and have a tax dispute resolved.

The poll asked about such a scenario before that happened, and 61 percent of respondents said they wouldn't back a bail-out in the face of threats, CTV said.

Tim Woolstencroft, managing partner with The Strategic Counsel, told the broadcaster the poll results indicate criticism of the chief executive officers and management of General Motors, Ford and Chrysler.

Taxpayer watchdog hands out golden pigs

Thu, 12/03/2009 - 12:12 by Shruti Sharma

Ottawa -- Vancouver's Olympic Village, the Canadian auto industry and a giant inflatable banana were among the winners Wednesday of gold pigs.

The Canadian Taxpayers Federation announced the 11th annual Teddies Waste Awards at a ceremony in Ottawa, the Canadian Broadcasting Corp. reported. The awards honor Teddie Weatherill, a civil servant fired for imaginative spending.

The group gave the auto industry a lifetime achievement award for its history of receiving government grants and loans.

Awards were given for each level of government, local, provincial and federal. Vancouver got the municipal prize for what Kevin Gaudet, the federation's executive director, called "waste of Olympic proportions" on the Olympic Village.

The Manitoba Child and Family Services agency received the provincial honor for providing spa days for employees, complete with pedicures and facials.

Hi-5 to Save Tax

Fri, 30/01/2009 - 15:07 by Shivani Thapa

COL FB: Oklahoma 62, Nebraska 28

Sun, 02/11/2008 - 09:41 by MT Bureau

Norman, Okla -- Sam Bradford threw five touchdown passes Saturday to lead the fourth-ranked Oklahoma Sooners to a 62-28 win over Nebraska.

Bradford completed 19-of-27 passes for 311 yards with one interception for Oklahoma (8-1, 4-1 Big 12), which has won three straight games since a 45-35 setback to Texas.

Quentin Chaney had five receptions for 128 yards and a touchdown and Jermaine Gresham caught two touchdown passes.

Joe Ganz completed 14-of-26 passes for 206 yards with one touchdown and two interceptions for the losing Cornhuskers (5-4). Roy Helu Jr. rushed for 157 yards and a TD on 16 carries.

Copyright 2008 by United Press International.

Ike's winds may hit Texas taxpayers

Fri, 19/09/2008 - 09:34 by MT Bureau

Houston -- Taxpayers in Texas may have to pony up about half of the tab for wind damage caused by Hurricane Ike, state officials said.

Currently, the Texas Windstorm Insurance Association has $2.1 billion available to pay for the storm's wind damage claims, about half of what it may need, the Houston Chronicle reported Thursday.

"Rates are going to go up," state Rep. Craig Eiland said. "But, the immediate need is making sure people have the opportunity to file their claims."

The TWIA, created to help make windstorm insurance more affordable, has 142,566 policies and $42 billion in exposure, the newspaper reported. The bill expected from claims associated with Hurricane Ike could reach $4.2 billion, the Chronicle said.