Three trillion dollars a year. That's how much the wealthiest Americans avoid through the system of subsidies and schemes and sweet deals that deprive middle-class workers of their earned benefits. That's three times more than the deficit. That's enough for a full-time job for every middle-class household in America. Here are the distressing details: 1. Tax Expenditures: $1.25 trillion These subsidies from ...

Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles. In all, more than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion. Congress routinely renews ...

  This may be the last Christmas of online shopping without paying sales tax. A proposed online sales tax has been offered as an amendment to the National Defense Authorization Act, much to the ire of opponents. The Computer and Communications Industry Association, a group that opposes this move, says that an online sales tax will burden small businesses, “some of the most promising candidates for futu ...

Starbucks is volunteering to pay £10m in taxes in each of the next two years as it attempts to win back customers following revelations that it has paid no corporation tax in the UK in the past three years. Kris Engskov, managing director of Starbucks UK, said he was surprised by the public outcry at the company's use of complex tax arrangements and vowed to make the payments to HM Revenue and Customs for t ...

Ben Swann takes a look at statements by Secretary of State Hillary Clinton about the need for more money to put out the American governments message 
 
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Britain and Germany may have missed out on a combined $1 billion (623 million pounds) in sales tax since online marketplace eBay picked a tiny Luxembourg office as its base for EU sales, a shift that lawmakers say should now be investigated. EBay's nomination of Luxembourg unit eBay Europe Sarl - with a staff of nine - as its provider of services to EU clients allows it to charge customers in Europe a low r ...

The economic collapse of the state continues... 
 
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German lawmakers are sending legislation on possible copyright restrictions on Internet search engines, commonly called the "Google Tax," to an expert committee for further review. The levy, being pushed by publishers, would require search engines to pay each time they link to media content like newspaper articles or photographs. 
 After a debate that began close to midnight, Parliament said Friday the matt ...

The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire, even as an administration official said the White House was stepping up behind-the-scenes negotiations. Conservative Oklahoma GOP Rep. Tom Cole told GOP colleagues in a private meeting Tuesday that it's better to make sure that tax cuts for the ...

As the Affordable Care Act moves quickly to its implementation, there are a number of questions consumers have about how it will really impact their lives. While there is still time for most of the law to take effect, there will be substantial changes for consumers, employers, states, insurance companies and doctors. Here are a few questions that may help consumers better understand how the Affordable Care ...