Tax Shelters Information
Thousands who earn $200,000+ avoid income tax (USA Today) New IRS statistics show 7,389 federal tax returns with $200,000 or more in adjusted gross income reported no federal income taxes in 2005. That's a 161% jump from the 2,833 comparable returns filed in 2004.
Flood of 2008 news digest (Quad-City Times) Police ticketing those who ignore barricades
Good News For Delaware's Budget Shortfall (WBOC Salisbury) DOVER , Del.- On Monday state officials lowered revenue estimates for next year by $4 million. But the state got an unexpected capital gains tax payment of $63 million.
South metro town briefs (Minneapolis-St. Paul Star Tribune) Mayor Mary Hamann-Roland has been elected to serve as the president of the League of Minnesota Cities for 2008-09. Hamann-Roland, who has been mayor of Apple Valley since January 1999, has held numerous positions with the league.
South metro letters (Minneapolis-St. Paul Star Tribune) "The board gave school staff the go-ahead to plan for science, technology, engineering and math (STEM) schools...
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Will Americans pay global tax? (Lodi News-Sentinel) Did you know that there is a plan, which is supposed to start at the beginning of next year, to force American citizens to pay a global tax to the United Nations?
Law Firm Back From the Brink (Portfolio.com via Yahoo! Finance) Watch out Corporate America, Milberg is still alive.
Political Notebook (June 19) (Needham Times) In recognition of gasoline prices soaring quickly to a record high of $4 a gallon, state Sen. Scott Brown, R-Wrentham, proposed legislation to create a commuter tax deduction of up to $3,000 to provide relief for the costs of traveling to a place of employment or education.
Rangel Taps Private Equity To Pay For AMT (CBS News) Folks in the private equity industry felt a jolt Tuesday when House Ways and Means Chairman Charles B. Rangel (D-N.Y.) announced his plans to raise taxes on investment income those money managers take home each year. Rangel included a nearly $31 billion tax increase on these investment managers in his broader measure to save middle-income families from the alternative minimum tax for another ...
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