Oil, gas taxes vary widely by state

By Dan Gearino, Dispatch.com Several states have used taxes on oil and natural-gas production to reduce the burden on everyone else, a club that Gov. John Kasich would like Ohio to join. He lists Texas, Michigan, West Virginia and North Dakota as examples of places that have higher taxes on oil and natural gas than [...]

FBI Fears Growing Constitutionalist Mentality Across US

Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday. These extremists, sometimes known as “sovereign citizens,” believe they can live outside any type of government authority, FBI agents said at a news conference. The extremists may refuse to pay [...]

How to Avoid Unfair Property Taxes; Top 15 Highest Property Tax Counties

By SUSANNA KIM, ABC News The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions of homeowners are unknowingly paying too much property tax. According to the National Taxpayers Union, about 30 percent of properties in the U.S. are assessed at higher values than they [...]

U.S. Corporate Taxes Need to Go to Zero

By Chris Markowski, The Street.com – Opinion NEW YORK — On April 1, our ally Japan is playing a cruel little April Fools’ Day joke on us: The country is lowering its corporate tax rate from 39.5% to 35%. This will give the United States the dubious and awkward distinction of having, at 39.2%, the [...]

To close tax loopholes, Obama would open new ones

President Barack Obama wants to close dozens of loopholes that let some companies pay little or nothing in taxes. But he also wants to open new ones for manufacturers and companies that invest in clean energy. To some analysts, the new loopholes risk upending the level playing field Obama says he wants to create. Some [...]

Obama: ‘Middle Class Taxes Will Go Up, It’s That Simple’

Obama: ‘Middle Class Taxes Will Go Up, It’s That Simple’

The Intel Hub February 11, 2012 At the end of February, taxes will be raised on 160 million working Americans (the middle class) now openly admitted by the POTUS (President of the United States) in a recent weekly address. Congress needs to stop this tax hike, we need to respond in masse. President Obama stated [...]

Obama budget predicts $1.3 Trillion deficit for 2012

President Barack Obama’s new budget predicts a $1.3 trillion deficit for the ongoing fiscal year but that would drop to $575 billion in 2018 if the president gets his wish to raise taxes and if policymakers can live within tight restraints on the Pentagon and other Cabinet agency budgets, the White House said Friday. After [...]

GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits

BY JOHN MCCORMACK, The Weekly Standard General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $ 14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked. The fact that [...]

Colorado voters reject raising taxes to support education

From: TheLATimes.com In what could be a harbinger of the 2012 election, Colorado voters Tuesday overwhelmingly rejected a measure that would have raised nearly $ 3 billion for education by temporarily increasing state income, sales and use taxes. With 59% of the projected vote counted, Proposition 103 was trailing 65% to 35%, the Associated Press [...]

GOP rivals focus on flat taxes, smaller government

By TOM RAUM, Associated Press WASHINGTON (AP) — On jobs and taxes, the top Republican presidential rivals are locked in a fierce game of one-upmanship. They’re all trying to outdo each other in offering the boldest economic plan for the campaign to unseat President Barack Obama next November. Despite some notable differences in the blueprints, [...]