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REMEMBER THE ALAMO: Texas might encourage violating Obamacare with tax breaks

A Texas legislator introduced a state bill that would provide tax breaks to companies who intentionally violate Obama’s health care act by refusing to cover emergency contraception. The tax break would be the same amount as the federal fine that companies are required to pay for violating the Affordable Health Care Act, or the total amount that companies pay in state taxes. 
 Freshman state Rep. Jonathan St ...

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SHELL GAME: Apple Hides $1 Billion A Week From IRS

The iPad maker has slashed its tax bill by paying less than 2pc on its overseas profits, as it moves money through offshoots in low-tax countries such as the British Virgin Islands. 
 Apple's completely legal tax avoidance strategies bring the total the company has sheltered from the US tax authorities to $94bn, according to a Sunday Times analysis. Corporation tax on Apple's overseas operations amount to j ...

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TAKE THE MONEY AND RUN: Elite Moving Money Out Of Country Ahead Of 75% Millionaire Tax

First, it was French icon Gerard Depardieu departing the European country over planned millionaire taxes on the rich. And now, on Jan. 22, information has surfaced that former French President Nicolas Sarkozy is planning to join the famous actor in becoming an expatriate by moving to Britain, and investing a new billion dollar hedge fund outside of France. 
 Nicolas Sarkozy is preparing to move to London to ...

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SMALL VICTORY: IRS Loses Suit In Fight Against Tax Preparers

A federal judge on Friday barred the IRS from imposing a series of new regulations, including a competency exam, on hundreds of thousands of tax preparers. U.S. District Judge James Boasberg in Washington ruled against the IRS in favor of three tax preparers who filed suit last year with the help of a libertarian legal group, the Arlington, Va.-based Institute for Justice. 
 Since 2011, in response to what ...

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DON’T HATE THE PLAYER, HATE THE GAME: US Proposes Violent Games Tax To Help Prevent Mass Shootings

US congresswoman Diane Franklin said her proposed tax would help to "finance mental health programs and law enforcement measures to prevent mass shootings." The proposal has been met with widespread outrage by video industry experts who say it’s time to have a real, “brave” conversation about the critical impact of violence in media. 
 Since the Sandy Hook massacre in November in which 20 children and six a ...

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Nebraska Governor is latest to Propose ending State Income Tax

Nebraska Governor Dave Heineman on Tuesday became the second Republican governor in the last week to propose ending his state's income tax, saying he wants to make Nebraska more competitive with its neighbors by eliminating the tax on both individuals and corporations. 
 Heineman said that if a complete elimination of the two taxes could not be passed, he would push to lower rates on both individuals and co ...

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Automobile Over-Regulation forcing Government to find new Taxes to fund Roads

The federal government, along with several state transportation departments around the country, are proposing a switch from the decades long gasoline tax, which drivers pay at the pump, to a new tax based on miles driven. This new proposal is intrinsically tied to the Obama administration's push towards hybrid and higher mileage cars, which have helped to create less consumption, and a decrease in the overa ...

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Why Taxes For Most Are Rising While Others Don’t Pay

The fiscal cliff has been averted, but at a cost. Most Americans will pay higher taxes this year. According to the Tax Policy Center, 77% of American households will face higher federal taxes in 2013. 
 Here’s how it breaks down. If you’re an individual making over $400,000 a year, or a family pulling in more than $450,000 -- your taxes will increase by almost 5%. Tax rates on capital gains and dividends fo ...

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Ecuador Taxes Bankers, President Faces CIA Assassination Plot

Ecuadorian President Rafael Correa's government has recently passed a law to raise taxes on the financial sector to help raise the standard of living for the poor. President Correa, an economist who is running for re-election, has reduced poverty and increased the overall standard of living in Ecuador during his term. Understandably, the big banks, some of whom were bailed out, oppose Correa. In fact, his p ...

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Tax Avoidance Rising – Twice Amount Of SS & Medicare

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 ...

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