IRS contacts 1 in 8 millionaires for extra taxes
Posted by admin / Under Fair Lawn High School
The 12 percent of millionaire earners audited in 2011 was appreciably higher than the 8 percent who were audited in 2010. IRS officials said the high ratio was part of an effort to demonstrate that tax laws are applied fairly. "That has been something we've concentrated on to assure that there's equity in the system, to assure that those at the lower end of the spectrum know that those at the higher end of the spectrum are subject to the same rules and enforcement as everyone else," Steven Miller, deputy IRS commissioner for services and enforcement, said in an interview....
Published on Sunday 5th of February 2012 12:49:35 AM
Mitt Romney and the “fair share” tax question
Posted by admin / Under Fair Lawn High School
During Iowa’s recent State Fair, presidential candidate Romney was asked: "Do you support scrapping the social security cap on payroll taxes so rich people pay their fair share into the trust fund?" Romney correctly associated the question with class warfare and went on to indicate that half of the people in the United States are currently not paying any income taxes. See The Iowa State Fair: Romney's Showing Strong, August 11, 2011. The unfortunate truth is, there is no better way to agitate a class warfare event in America than to bring up the issue of federal tax reform. And...
Published on Sunday 5th of February 2012 12:49:35 AM
Poll: Americans support fairer wealth distribution (here we go...)
Posted by admin / Under Fair Lawn High School
Poll: Americans support fairer wealth distributionBy Nisa Islam Muhammad - Contributing Writer 5th December 2011 WASHINGTON (Special to New America Media from FinalCall.com) — On the streets of the nation’s capital, a random downtown workers were asked, “Would America be better if the distribution of wealth was more equal?” Overwhelmingly they answered, “Yes!” “Are you kidding?” said Julius Montgomery on his way to work. “Have you heard about the one percent and the 99 percent? Why should such a small number of Americans make so much more money than the rest of us and we have no chance in hell...
Published on Sunday 5th of February 2012 12:49:35 AM
Bachmann says all Americans should pay taxes
Posted by admin / Under Fair Lawn High School
DES MOINES, Iowa - Republican presidential hopeful Michele Bachmann is telling college students in politically important Iowa that all Americans should pay taxes since they all benefit from services such as roads and bridges, national defense and the courts. Her position, which she was outlining today at Iowa State University in Ames, is a direct challenge to rivals Rick Perry and Herman Cain, who are advocating plans that would allow low-wage earners to continue paying no taxes while implementing a form of a flat tax on all other workers. The Tax Policy Center estimates that some 46 percent of households...
Published on Sunday 5th of February 2012 12:49:35 AM
Mother accused of welfare fraud (Hurting the Middle Class)
Posted by admin / Under Fair Lawn High School
JAMESTOWN—A Jamestown mother was arrested on welfare fraud charges for allegedly receiving more than $3,600 in food stamps and family assistance benefits to which she wasn’t entitled, Chautauqua County Sheriff’s officials said Friday. Julia D. Toledo, 29, was arrested Friday morning and given appearance tickets for felony misuse of food stamps, fourth-degree welfare fraud and five counts of offering a false instrument. Toledo allegedly had failed to report to the Department of Social Services that she was receiving child support payments from the father of her child. Investigators said she fraudulently received $3,635.50 in benefits.
Published on Sunday 5th of February 2012 12:49:35 AM
Obama's "Buffett Tax" Sham
Posted by admin / Under Fair Lawn High School
Today the president will unveil a multi-trillion-dollar deficit reduction package, which reportedly includes hundreds of billions of dollars in tax increases. These tax hikes could top $1.2 Trillion -- a figure that includes the $800 Billion in tax increases the president's plan will propose, plus the price tag for his unpaid-for $450 Billion "jobs plan." Careful -- these numbers should not be confused with the additional record-shattering $800 Billion across-the-board tax increases scheduled to take effect in 2013, when the current Bush rates expire. Two daunting tax cliffs; so little time. For a solid overview of why the president's deficit...
Published on Sunday 5th of February 2012 12:49:35 AM
Another State Fair icon bites the dust
Posted by admin / Under Fair Lawn High School
Edged out by corn dogs and chocolate-dipped bacon, one of the few remaining church dining halls at the fairgrounds is calling it quits. File this one under E, for End-of-an-Era. Or at least the beginning of the end. When the State Fair opens for its 148th year next Thursday, it's going to be the last season for the Epiphany Diner. The landmark dining hall, operated by the Church of the Epiphany in Coon Rapids and one of the fair's three remaining church-run operations, is closing up shop after this year's fair. Its space will be used for tasting Minnesota wines....
Published on Sunday 5th of February 2012 12:49:35 AM
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