Tax Law

Can Romney ride out the storm over his unreleased tax returns? – The Christian Science Monitor

Probably not, say political strategists. Though he is not required by law to share his tax returns, he is by tradition – all the more because it was his father, George Romney, who pioneered the practice during his own presidential … Continue reading

Oregon Cannabis Tax Act makes the November 2012 ballot – Examiner

Oregon may be making history this November with its controversial Oregon Cannabis Tax Act, or measure 80, being placed on the ballot. With over 170,000 votes, more than enough to be included on the ballot, Oregon could be the first … Continue reading

Rick Perry Says Eric Holder ‘Poll Tax’ Comments Aimed To ‘Incite Racial Tension,’ Asks For Obama Apology – Huffington Post

“In labeling the Texas voter ID law as a ‘poll tax,’ Eric Holder purposefully used language designed to inflame passions and incite racial tension,” Perry wrote in a statement. “It was not only inappropriate, but simply incorrect on its face.”

NC GOP says liberal nonprofits violating federal tax law – The News & Observer

The N.C. Republican Party sent a complaint Wednesday to the IRS alleging five liberal-leaning nonprofits are violating federal tax law by advocating for political candidates. The named groups: Democracy North Carolina, the Institute for Southern …

Cuomo signs beer tax break legislation – Observer-Dispatch

The tax credit was part of a larger piece of legislation signed into law by Gov. Andrew Cuomo during a ceremony Wednesday morning at the brewery. Cuomo was joined by the bill’s sponsors — Assemblyman Anthony Brindisi, D-Utica and state … Continue reading

Democrats call for law on presidential candidate tax returns – Los Angeles Times

WASHINGTON — A pair of congressional brothers sought Wednesday to rally support for greater transparency among presidential candidates, particularly in regard to the hot topic around Washington this week – tax returns. Rep. Sander Levin (D-Mich.

Mitt Romney Never Thought He’d Have To Release Tax Returns: Bain Sources – Huffington Post

WASHINGTON — Mitt Romney has been determined to resist releasing his tax returns at least since his bid for Massachusetts … Due to the obliteration of campaign finance law by the Supreme Court, donors can give unlimited amounts to the … Continue reading

Resolve Tax Debts For Pennies on the Dollar With New IRS Fresh Start Program Service – YAHOO!

According to the site, misunderstandings about the tax law, wage garnishments, income tax liens and the fear that the IRS can instill all combine to make tax problems extremely complicated. The IRS is offering a new program known as Fresh … Continue reading

Tax credits may be key to save historic buildings – Philadelphia Daily News

Gov. Corbett has signed into law a generous incentive to preserve historic buildings: a 25 percent tax credit. The tax credits should help attract developers to blighted communities around the state. The tax credits represent a major victory for …

Democrats apply legislative pressure on Mitt Romney to release more tax returns – Washington Post

But then he said the law must be changed so release of tax information is not at the discretion of candidates. “I don’t think there’s any question now in terms of the responsibility of the candidate,” he said. “I think … Continue reading