Tax Law

The Morning Plum: Obama shifts hard to tax fairness – Washington Post

Dems believe tax fairness is a particularly potent issue against Romney … Scott Brown and the GOP would be taking away from people by fully repealing the law. The Massachusetts law — backed by Mitt Romney and Brown — was … Continue reading

South Africa: Promulgation of Tax Administration Act, 2011 – AllAfrica.com

The Tax Administration Bill was promulgated into law yesterday (Act 28 of 2011) in Government Gazette 35491 of 4 July 2012. In terms of section 272 of the Act, the Act will come into operation on a date to be … Continue reading

Parties split on Obama tax plan – msnbc.com

because the higher tax rates of the Clinton years were inserted for future years to make the math work and allow the bill to become law. Back then, Democrats couldn’t muster the support to end the tax cuts for the … Continue reading

Obama to call for Bush tax cut extensions for those making less than $250,000 – CNN

… in what’s known as the “fiscal cliff,” a package of spending cuts and removal of tax breaks that will take place on January 1 if Congress fails to act. In total, they could add up to $7 trillion. Tax … Continue reading

IRS to police both taxes and health care law – WRAL

The question is being renewed in the wake of the Supreme Court’s decision upholding most of the 2010 Affordable Care Act as a tax issue rather than one of interstate commerce. Nearly 2½ years before taxpayers will have to start … Continue reading

Income tax return: 9 deductions to claim – Economic Times

But there are also some inconspicuous sections of the Income Tax Act, which offer further savings to taxpayers. If you satisfy certain conditions, you can use these to bring down your tax liability. The problem is that many tax filing … Continue reading

The Facts on Tax Cuts – Huffington Post

In fact, the President’s proposal extends tax cuts for 97 percent of all small business owners in America. If Congress fails to act, a typical middle-class family of four will see its taxes go up by $2,200, and America’s small … Continue reading

Quinn signs veterans’ tax credit increase into law – St. Louis Post-Dispatch

Legislation that gives Illinois employers more incentive in hiring veterans by doubling the state’s income tax credit was signed into law Monday. Gov. Pat Quinn signed the bill that increases the tax credit from 10 percent to 20 percent of … Continue reading

We’ve seen this “tax you now, tax you never” act too many times before – Dallas Morning Views Blog

All any American should seek from Congress and the White House is a modicum of rational behavior. As in if you’re in a sinking boat, you don’t ignore the leak in the other guy’s end of the boat because it is not in … Continue reading

Obama to call for Bush tax cut extensions for those making less than $250K – CNN

… in what’s known as the “fiscal cliff,” a package of spending cuts and removal of tax breaks that will take place on January 1 if Congress fails to act. In total, they could add up to $7 trillion. Tax … Continue reading