Yesterday morning Joe Scarborough was providing us with his infinite wisdom by declaring that Americans are mad because their taxes have gone up so much under Obama. Imagine how shocked I am to find out Scarborough is wrong about the tax issue: According to a recent CBS News/New York Times poll, the vast majority of […]
This is another sign of the times: Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions […]
McCain wants to give more tax breaks to corporate America, but what about the corporations that pay nothing in taxes? Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. The study by the Government Accountability Office, expected to be released Tuesday, said about 68 […]