Thursday, October 09, 2008

Common Misconceptions About the Wall Street Bailout

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With ongoing media coverage from every angle, the Wall Street bailout legislation has become a web of complicated myths and facts that can...

It's Time to Think Big on Tax Cuts

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From the Wall Street Journal : John McCain needs to show the nation that he has the economic recovery plan to restore long-term economic...

Tax Misrepresentations in Last Night’s Debate

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Last night was the second debate between Senators Barack Obama and John McCain, and as usual there were numerous misrepresentations of the...

IRS eases tax rules on US firms with foreign units

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From the Associated Press : The Internal Revenue Service, seeking to make cash more available during the current credit crunch, has issu...

The Candidate’s Tax Returns Compared

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Thanks to the TaxProf Blog , below is a chart comparing the tax returns of the four major presidential and vice presidential candidates (Se...
Tuesday, October 07, 2008

Tax Profs Agree: Gov. Palin's Tax Returns Are Wrong

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From Tax Prof Blog : Jack Bogdanski (Lewis & Clark) & Bryan Camp (Texas Tech) have independently reviewed the tax issues raised b...

Hybrid Sales Decent in September, but Still Down

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With the credit freeze, and people scared of loosing their savings accounts, car sales have dropped drastically in the last month. Althoug...

Palin tax returns for 2006 and 2007 released

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From the Associated Press : Sarah Palin is the breadwinner and husband Todd is, well — he takes a lot of deductions for his fishing and sn...

Latest Good Reads

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McCain's economic plan boosts middle class. The qualified privilege against discovery of federal income tax returns. Sarah Palin’s t...

IRS Sends Compliance Questionnaires to 400 Colleges and Universities

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According to the newest IRS press release , “approximately four hundred U.S. colleges and universities will begin receiving compliance ques...

Senator McCain's New Tax on Health Insurance

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From TPM Café : Strange winds are blowing in economic policy land. After failing to privatize social insurance, the Bush Treasury is now ...
Friday, October 03, 2008

Tax Misrepresentations in Vice Presidential Debates

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As many of you know, last night was the first and only Vice Presidential debate between Sen. Joe Biden and Gov. Sarah Palin. The debate co...

Helio Castronoves Heads to Court for Tax Fraud Case

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From Yahoo News : Two-time Indianapolis 500 winner and “Dancing With The Stars” champion Helio Castronoves was set to appear in court Fri...

Job Losses Reach 159,000 in September

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In the month of September, 2008 there was a net loss of 159,000 jobs in the United States. This number represents the largest number of lo...

Schwarzenegger to U.S.: State may need $7-billion loan

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From LA Times : California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry ...
Thursday, October 02, 2008

Senator Clinton Calls for Renewed Bipartisan Action on Economic Crisis

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From Yonkers Tribune.com : Sen. Hillary Rodham Clinton today underscored the need for quick bipartisan action to halt the growing economic...

Earmarks a Gateway Drug?

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As any one who watched the debate will know, Senator McCain boldly stated that earmark spending was a “gateway drug.” However, although he...

Euro Falls Most Since 2001 Against Dollar as Bailouts Spread

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From Bloomberg.com : The euro fell the most against the dollar since 2001 after France and Belgium led a state-backed rescue of Dexia SA,...

Latest Good Reads

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McCain urges Treasury Department to take action. Citizens for Tax Justice and Fox newswoman Kelly agree: McCain misrepresents Obama tax p...
Monday, September 29, 2008

The Four R’s – The Reasons We Pay Taxes

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The concept of taxation dates back to ancient times and it had a large impact on the creation of the United States. I mean, who hasn’t hea...