Tax Law

Roberts Ruling On Obamacare Calls Into Question Definition Of Tax, Penalty – Huffington Post

Mitt Romney’s campaign advisers on Thursday heralded the fact that the Supreme Court, though it upheld President Barack Obama’s health care law, labeled it a tax. “Frankly, to be able to tell you your taxes have been raised by this … Continue reading

Maryland tax increases taking effect – WTOP

ANNAPOLIS, Md. – Maryland residents who earn more than $100,000 annually will pay more income taxes and many will pay higher fees to flush their toilets under new laws taking effect this weekend. Under the income-tax law, single taxpayers with … Continue reading

White House: Health law creates ‘penalty,’ not tax – San Jose Mercury News

WASHINGTON—The White House is pushing back against questions about whether President Barack Obama’s health care law would mean new taxes for many people. A day after the Supreme Court upheld the law, White House press secretary Jay Carney says …

Deval Patrick insists health law wields penalty, not tax – Boston Globe

WASHINGTON – Governor Deval Patrick on Friday morning insisted that federal health care law does not include a tax, despite the Supreme Court ruling that narrowly upheld the law precisely on those grounds. “Don’t believe the hype that the …

If The Health Care Law Is Really A Tax Law, Is It Doomed on Procedure? – Forbes

Now that the dust is settling a bit on the SCOTUS decision on the Patient Protection and Affordable Care Act, questions are starting to come in fast and furious (no, not that fast and furious). One of the most confusing … Continue reading

Health care "tax" a problem for Obama – and Romney – CBS News

The comment was echoed by Louisiana Gov. Bobby Jindal and Virginia Gov. Bob McDonnell, who both stressed on a conference call with reporters Friday that the law is a tax. Senate Republican Leader Mitch McConnell said simply, in response to … Continue reading

IRS steps up scrutiny of tax-exempt political groups – msnbc.com

The IRS has been corresponding with such groups and is preparing questions to ask them as part of effort to determine whether their fundraising or advertising work runs afoul of tax law. IRS spokesman Terry Lemons said on Thursday the … Continue reading

SC Gov: Health care ruling means huge tax increase – CBS News

COLUMBIA, S.C. — South Carolina Gov. Nikki Haley said Thursday the U.S. Supreme Court’s decision to uphold the federal health care law represents a huge tax increase that will kill jobs. “This decision concludes one thing and one thing only … Continue reading

Obama campaign: It’s a penalty, not a tax – Politico.com

A top surrogate for President Obama insisted Friday that the individual mandate in the Affordable Care Act was not a tax — despite the fact that the Supreme Court narrowly preserved the law on those grounds. “Don’t believe the hype … Continue reading

Taxpayer Advocate: Expired And Expiring Tax Laws Wreaking Havoc – Forbes

Will Congress ever come to grips with resolving the fate of the morass of tax laws that are up in the air? Nina Olson, the National Taxpayer Advocate, makes a strong case for action in her mid-year report to Congress … Continue reading