Taxes

Romney Says He’s Paid Taxes Every Year
GREER, S.C. (AP) — Mitt Romney says he’s never paid less than 13 percent of his income in taxes during the past decade. Romney told reporters Thursday that Democratic Senate Majority Leader Harry Reid’s claim that Romney paid no taxes in some years is, quote, “totally fal…
White House: Families’ Taxes Could Go Up $1,600
WASHINGTON (AP) — The White House says a standoff with Congress that results in the January expiration of wide-ranging tax cuts would mean 114 million families would see average tax increases of $1,600 next year. The figures put a price tag on the potential personal costs of the partisan tax …
Gene Autry’s “I Paid My Income Tax Today” [VIDEO]
Irving Berlin learned that in 1942 the federal government was going to undertake “unprecedented income tax collections” to support the war effort, so he volunteered to write a popular song to aid in the tax collection effort. This song has been performed by Danny Kaye, Bob Dylan and mo…
Why Is The 2012 Tax Deadline April 17th?
Taxpayers now have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 fell on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia.
Report: Wyoming Has Business Friendly Taxes
CHEYENNE, Wyo. (AP) — A new report says Wyoming has the best tax policies in the nation for spurring job growth. The Tax Foundation research group in Washington, D.C., released its annual rankings Wednesday. The group placed Wyoming on top of its overall business tax climate index. Report aut…
IRS: Charitable IRA Distributions End in 2011 [AUDIO]
For retirees thinking about taxes and the new year, there’s a charity distribution benefit that expires this year. Charitable distributions: “If you’re age 70 and one half or older, you can make a qualified charitable distribution out of your IRA, to a qualified charity and excl…
Governor Mead Continues To Push For Wind Tax Reduction
Gov. Matt Mead said he won’t stop pushing for change in how Wyoming taxes wind energy projects despite a chilly reception to his proposals from some state legislators. Wyoming next month will begin imposing a $1 per megawatt hour tax on wind energy production. The state sales and use tax exem…
Countries Debating Taxing Motorists Based on How Much They Drive
Picture the government placing a GPS on your car and tracking every mile you drive. Now, imagine being charged a tax based on those miles, your vehicle’s fuel efficiency rating and the time of day you drove. Such a system is being explored in car-clogged regions of Europe and Asia. Even the U…