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  Income Tax
Last updated: 13:43:18 Sunday Aug 24, 2008


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  • Lone accountant takes on IRS and wins
    WASHINGTON - It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute.   Nations:U.S.   Source:(AP)   2008-08-24

    Health Care: The Real Fiscal Nightmare
    A heated discussion is taking place in the economic blogsphere over the rival tax plans of Presidential candidates Barack Obama and John McCain. Of course, the battle of rival tax blueprints has been in force ever since the two hopefuls sewed up their respective nominations, but a new round of fighting recently erupted. A number of important points have been made. But the fiscal policy dispute, while informative and fascinating, has focused too much on tax regimes and not enough on the real challenge: health care. When it comes to domestic, nonmilitary fiscal policy in the new millennium, everything is dwarfed by health care.   People:Barack Obama Warren Buffett John McCain Ronald Reagan   2008-08-19

    Most companies in US avoid federal income taxes
    WASHINGTON - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.   Nations:U.S.   People:Carl Levin   Source:(AP)   2008-08-12

    Majority of economists see McCain better for stocks
    WASHINGTON (Reuters) - The U.S. stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research groups polled by Reuters.   Nations:U.S.   People:Barack Obama John McCain George W. Bush   Activities:US Election 2008 U.S. Markets   Source:(Reuters)   2008-07-23

    House passes alternative minimum tax relief
    WASHINGTON - The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.   People:Charles Rangel Max Baucus   Activities:110th Congress   Source:(AP)   2008-06-25

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