Tax Law

Florida’s tax break often helps companies do already-planned work – Sun Sentinel

“But I’m still convinced that it’s a good thing to have tax laws that encourage you to bring your capital and your employees inside Florida.” Some lawmakers and activists are particularly upset that CSX is in line to get the … Continue reading

The tax man cometh to police you on health care – Arlington Heights Daily Herald

WASHINGTON — The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2½ years, when they’ll have to start providing proof on their tax returns that … Continue reading

Democrats and the Tax Cliff – Wall Street Journal

Last month Bill Clinton suggested a delay in raising the tax rates, before recanting amid a media uproar. If Congress doesn’t act to change the law, tax rates on income, capital gains, dividends and estates are all scheduled to rise … Continue reading

The tax man cometh to police you on health care – KPHO

WASHINGTON (AP) – The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2½ years, when they’ll have to start providing proof on their tax returns … Continue reading

States, Congress rallying for an e-sales tax – Washington Post

Online shopping in the Washington region is about to become more expensive. A wave of states, including Virginia, have passed laws that will require consumers to pay sales tax on all Internet purchases as soon as next year. Other states … Continue reading

Different Views: Is the health care mandate a penalty or tax? Does it matter what we call it? – Delaware Wave

It doesn’t matter a whit whether you call it a tax or a penalty. What does matter is that the law passed constitutional muster, thanks to a uniquely farsighted conservative opinion by Supreme Court Chief Justice Roberts. He upheld the … Continue reading

Must the Court Demonstrate the Constitutionality of Its Newly Discovered Tax? – Forbes

most recent attention has been focused on whether or not the individual mandate provision within the act constitutes a tax. The Supreme Court has recently ruled, in NFIB v. Sebelius, that what the legislation calls a “penalty” can be …

What Roberts actually said about healthcare ‘tax’ – United Press International

The four liberals joined Roberts opinion, forming the five-justice majority to uphold the act under Congress’ taxing power even though they weren’t enthralled with the penalty as tax argument. The administration’s main argument was that the act …

Obama team targets Romney over taxes, Republicans cry foul – Reuters UK

… CNN’s “State of the Union,” called on Romney to release years of back tax records to allow scrutiny of his adherence to tax law. Asked whether Romney had broken the law, Gibbs said, “Well, we don’t know.” “The one … Continue reading

Health law mandate isn’t ‘largest tax,’ despite GOP claims – Thehill.com

To hear Republicans tell it, the individual mandate to buy health insurance that the Supreme Court has now declared to be a tax is the “largest tax in America’s history.” Yet even when considered as a revenue-raising tax, the mandate … Continue reading