The Most Outrageous Tax Of The Year

It just may become the latest outrage during a year of outrages. At the precise moment when the federal government finally delivers a modicum of justice and some economic relief to millions of homeowners victimized by the nation's largest banks, the government threatens to beat those victims over the head with a punitive old favorite revenue raiser; a tax on forgiven debt.

Topics:  tax   year   government   
  • Dead bodies and billions in tax dollars: The secret, profitable world of private prisons
    David Gambacorta is a writer-at-large who focuses on longform storytelling. He started working for the Inquirer and Daily News in 2005. Something was wrong with Thomas Bryant. He couldn’t eat or sleep. His body was drenched in a cold sweat, and he ...
    08/16/2017 - 8:01 pm | View Link
  • Mayor’s Subway Tax: Opioid for the Masses
    Most reasonable people, given a choice of diversions from elected officials who needed one, would probably opt to hear about a millionaires’ tax rather than entertain the fallout—literal and otherwise—of nuking North Korea. By that standard, Mayor de ...
    08/14/2017 - 9:15 am | View Link
  • The Finance 202: Business leaders skeptical of prospects for major tax overhaul
    Treasury Secretary Steven Mnuchin and House Speaker Paul D. Ryan (D-Wis.) say the president will sign a comprehensive revamp of the tax code into law by the end of the year. But roughly 98 percent of businesspeople aren’t convinced. Corporate skepticism ...
    08/9/2017 - 1:21 am | View Link
  • DE BLASIO distances himself from donor chatter, pushes tax for subway — AMY SCHUMER heads to Broadway — TRUMP is coming
    ALL ABOARD? Mayor Bill de Blasio’s latest proposal for funding upgrades to the city's mass-transit system is to tax millionaires and dedicate the revenue to subway upgrades and repairs. As our Gloria Pazmino wrote, the plan plan requires approval in ...
    08/8/2017 - 12:18 am | View Link
  • Corporate and Individual Tax Expenditures
    A tax expenditure is a departure from the “normal” tax code that lowers a taxpayer’s burden – for example, an exemption, a deduction, or a credit. They are called tax “expenditures” because, in practice, they resemble government spending.
    08/7/2017 - 5:27 am | View Link
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  • The Most Outrageous Taxes
    When the "crack tax" was authorized in 2005, it required sellers of cocaine, marijuana and, yes, moonshine to pay on the proceeds of their sales.
    08/10/2017 - 11:36 pm | View Website
  • The most outrageous tax deductions of 2017
    DO YOU DO YOUR OWN TAXES? There are a number of reasons taxpayers hire professionals to prepare their returns – and one of the best is to prevent them from trying ...
    08/10/2017 - 7:58 am | View Website
  • 11 Most Outrageous Tax Deductions
    AOL is the go-to destination for the latest stories shaping the world and impacting everyone.
    08/9/2017 - 1:07 pm | View Website
  • Trump’s Outrageous Tax Hoax | New Republic
    With tax reform next up on the agenda, how much will the president try to cut his own taxes? And why did he lie to Americans about his returns?
    08/2/2017 - 5:59 am | View Website
  • The funniest, most outrageous Tax Day protest signs ...
    This Tax Day weekend, Americans did much more than just file their taxes. On Saturday, thousands of protests gathered around the country — some at Donald Trump's ...
    04/16/2017 - 1:36 pm | View Website
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