On Marijuana Tax, Colorado Asks: What’s Too High? If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
Senate planning vote on Internet sales tax bill The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
Where do more tax cheats live? South and West, IRS study shows Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
Obamas paid $112,000 in taxes in 2012 President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
London market encouraged by early Labour messaging – but concerns remain Despite rampant speculation, Sunak has yet to announce a date for the next general election, although it must be held by 28 January 2025. With the mammoth task ahead of growing the post-Brexit UK ... 04/22/2024 - 8:16 pm | View Link
The Senate Intensifies Its Focus On Offshore Tax Evasion Nana Ama Sarfo outlines some of the discussions at a recent Senate Budget Committee hearing on offshore tax avoidance. 04/22/2024 - 2:59 am | View Link
Tax Fairness? Close Loopholes One person’s justified “tax incentive” is another’s “tax loophole.” Here are a few tax fairness ideas that, in my opinion, should be acceptable to both ... 04/20/2024 - 9:11 pm | View Link
Closing of proceedings in the “Panama Papers” trial At the trial of the 'Panama Papers”, an international tax evasion scandal revealed in 2016, the proceedings ended on Friday April 19, with the court having News ... 04/19/2024 - 3:11 am | View Link
Millionaires’ Effective Tax Rate Has Been Cut by Half Since Mid-20th Century Between 1945 and 1980, households with a $1 million income or more paid effective tax rates as high as 60 percent. 04/16/2024 - 9:22 am | View Link
Enlarge / Cows being milked (credit: Getty | Edwin Remsberg)
The Food and Drug Administration on Tuesday announced that genetic fragments from the highly-pathogenic avian influenza virus H5N1 have been detected in the pasteurized, commercial milk supply. However, the testing completed so far—using quantitative polymerase chain reaction (qPCR)—only detects the presence of viral genetic material and cannot tell whether the genetic material is from live and infectious viral particles or merely remnants of dead ones killed by the pasteurization process.
Testing is now ongoing to see if viable, infectious H5N1 can be identified in milk samples.
So far, the FDA still believes that the milk supply is safe.