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Tuesday November 24, 2009
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U.S. Taxes News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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  • U.S. online strategy holds clues for Tokyo 25 Nov 2009 01:30 GMT
    ... It is an approach similar to what U.S. President Barack Obama's team did with the ... they can get a piece of the budget if they write proposals to the government ... U.S. more than two-thirds of Americans pay taxes online. Critics have derided e-government as mere hype, ...

  • Have the Media 'Falsely Framed' ACORN? 25 Nov 2009 01:54 GMT
    ... million budget, raised by a combination of dues, local fundraising events, and foundation grants. ACORN ... around the country, asking for advice on taxes and a business venture that involved underage ... to help the working poor qualify for tax rebates and to encourage low-income households to ...

  • To pay for war, some Democrats seek surtax on the wealthy 25 Nov 2009 02:14 GMT
    ... powerful House committee chairmen are proposing a surtax on Americans to pay future war costs. ... personnel are necessary for success. About 68,000 U.S. troops are already in Afghanistan. Although it ... television interview endorsed the idea of increasing taxes on the wealthy--people earning more than $200,000--to ...

  • Obama Takes A Bow, Snubs Adam Smith 25 Nov 2009 01:16 GMT
    ... of $1.4 trillion, according to a Congressional Budget Office estimate. This un-borrowed, un-spent money qualifies ... when entitlement spending threatens to bankrupt the U.S. – even before the enactment of universal ... Social Security Trust Fund is anything but. Taxes on today’s workers provide the benefits for today’s ...

  • Couche-Tard profit falls nearly 10 per cent amid a still fragile economy 25 Nov 2009 01:04 GMT
    ... cent. The Quebec-based company, which reports in U.S. dollars, said Tuesday it earned US$88.2 million ... to $15.78, causing a $65-million hit before taxes. Last year, Couche-Tard enjoyed unusually high margins ... were partially offset by a higher income tax rate and weakened Canadian dollar. Chief executive ...

  • GOP unveils agenda promising jobs 25 Nov 2009 04:31 GMT
    ... a $292,000 subcontract for construction of a U.S. Department of Commerce building in Boulder, according ... The four-page document touches on many topics: Budget - It promises more investment in highways ... a rainy-day fund. It also opposes new taxes and "unreasonable" fees, and promises to restore a ...

  • Health bill still faces big hurdles 25 Nov 2009 04:31 GMT
    ... Leader Harry Reid, D-Nev., speaks after the U.S. Senate voted to begin debate on health-care ... resolve differences within his party over abortion, taxes and letting the government sell health insurance ... the House relies mainly on an income tax hike for upper-earners to pay for expanded ...

  • How the Government is Swallowing the Economy 25 Nov 2009 00:17 GMT
    ... You know about the bailouts, the stimulus plan, cash for clunkers, and ... the government for "major parts of their income," including teachers, soldiers, bureaucrats, and other government ... rise and effectively bankrupt the country. Higher taxes would help solve the problem—and are probably ...

  • Debt-hit U.S. faces surge in interest payments 24 Nov 2009 04:35 GMT
    ... $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the ... role of the government, the trade-offs between taxes and spending, the choices between helping older generations ... United States is not only not saving nuts, it's eating the ones left over from ...

  • American Italian Pasta Company Reports Fiscal Year 2009 Results 24 Nov 2009 13:30 GMT
    ... decrease in the institutional market. -- Retail Revenues: Retail revenues increased $70.1 million, or 17%, ... Other current assets 6,372 8,189 Deferred income taxes 22,202 2,126 -------------- -------------- Total current assets ... before income taxes 96,921 16,790 5,185 Income tax expense (benefit) 8,633 (2,321) (163) -------------- -------------- ...

  • How to end child poverty: Tax the rich 24 Nov 2009 11:17 GMT
    ... emerging in the marketplace by changing the income-tax system to the advantage of the richest ... let's acknowledge our failure. And then reverse course. Instead of an income-tax policy favouring the ... say that increasing their share of income taxes would be based on neither greed nor ...

  • Federal Debt Is Looking Like a Bubble 24 Nov 2009 12:50 GMT
    ... the government for the privilege of owning U.S. debt. The problem is that this situation ... 2019, according to The paper says the budget deficit will remain above $1 trillion in ... the government will have to ramp up taxes on those still working. Neither outcome is likely ...

  • Can U.S. Bank Stocks Double Again in 2010? 24 Nov 2009 18:52 GMT
    ... reviewed the operations of the 12 largest U.S. banks, and concluded most of them were ... its initiatives, too, such as the $8,000 tax subsidy to first-time homebuyers. This has helped ... separate source of revenue, heaven forbid!). Tobin taxes would fall most heavily on the very ...

  • Sebastian man gets 30 months in prison for tax evasion 24 Nov 2009 13:32 GMT
    ... been sentenced on charges of federal income tax evasion, according to a news release from the U.S. Department of Justice. Libertino pleaded guilty to ... the Government $202,160 in restitution for unpaid taxes. According to stipulated facts read in court ...

  • U.S. court bars promotion of stock sale tax scheme 24 Nov 2009 19:12 GMT
    ... a scheme designed to help clients evade taxes on more than $1.25 billion in asset sales, the U.S. government said on Tuesday. The U.S. District ... percent loan scheme" that helped customers avoid tax on sales of stock and other securities. ...


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