RNC files suit against IRS on Tax Day
April 15th, 2014
04:36 PM ET
3 days ago

RNC files suit against IRS on Tax Day

(CNN) – The Republican National Committee announced Tuesday, the day Americans file their taxes, it's suing the Internal Revenue Service over withholding records involved in the agency's targeting of conservative and other groups.

House Oversight Committee Chairman Darrell Issa (R-California) has spent nearly a year investigating why the agency used conservative political terms like "Tea Party" and "patriot" to flag some applications for tax-exempt status.

FULL POST


Filed under: Obama administration • RNC • Taxes
Tax poll: Is the middle class paying too much?
April 15th, 2014
01:12 PM ET
4 days ago

Tax poll: Is the middle class paying too much?

(CNN) – Just under half of all Americans (49%) believe the middle class pays too much in taxes, according to a new Gallup survey released Tuesday, the deadline for income earners to file their tax returns.

That level is up from 42% last year and marks the highest number since 1999, when 59% felt the middle class was dishing out more cash to the government than needed.
FULL POST


Filed under: Polls • Taxes
How Washington spends your taxes
April 11th, 2014
09:32 AM ET
1 week ago

How Washington spends your taxes

New York (CNNMoney) – Your tax preparation software may tell you how much you owe in federal income taxes for 2013, but it won't tell you how your money is spent by the federal government.

No worries. The National Priorities Project did the math for you, based on actual federal spending in 2013.

FULL STORY


Filed under: CNNMoney.com • Taxes
GOP loves tax reform, in theory. In reality? Not so much
February 26th, 2014
07:56 PM ET
2 months ago

GOP loves tax reform, in theory. In reality? Not so much

Washington (CNN) – Republicans, who have spent years clamoring for tax reform, were much less enthusiastic Wednesday when faced with a sweeping tax overhaul plan in an election year, reticent to discuss whether the proposal from House Ways and Means Chairman Dave Camp, R-Michigan, should even get a vote.

Camp's "Tax Reform Act of 2014" would lower tax rates for most Americans, but presents conservatives with an uncomfortable tradeoff: It raises the tax bill for large banks and the wealthy.

"This is the beginning of the conversation," House Speaker John Boehner told reporters. When asked about the tax increases in the draft, he dismissed the question, answering, "Blah, blah, blah, blah."
FULL POST


Filed under: Financial Reform • Republicans • Taxes
Government shutdown delays 2014 tax season
December 18th, 2013
03:24 PM ET
4 months ago

Government shutdown delays 2014 tax season

New York (CNNMoney) – Eager for your 2013 tax refund? Well, if you like to file your federal return at the start of every tax season, you may have to wait a little longer for your check.

The IRS said Wednesday that it would not start processing 2013 tax returns until January 31 next year - 10 days later than originally scheduled.

FULL STORY

Filed under: Government Shutdown • Taxes
October 31st, 2013
09:23 PM ET
6 months ago

Report: Obama campaign considered replacing Biden with Hillary Clinton

Washington (CNN) - President Barack Obama's closest advisers may have secretly considered replacing Vice President Joe Biden with Hillary Clinton on the 2012 ticket, but White House spokesman Jay Carney said Friday that it was never a remote possibility.

"Campaigns test everything," Carney said on CNN's "New Day." "When it comes to this particular issue, do campaigns test everything? Yes."

While he said the idea was "tested," Carney insisted that it wasn't going to happen.

FULL STORY
Spitzer releases tax info – but not returns – after calls from rival
July 16th, 2013
02:12 PM ET
9 months ago

Spitzer releases tax info – but not returns – after calls from rival

Updated 4:44 p.m. ET, 7/17: Spitzer's campaign released pages from his 2011 and 2012 tax returns on Wednesday.

(CNN) - After calls from his Democratic opponent to release his personal income tax returns, former New York Gov. Eliot Spitzer – currently making a political comeback bid for New York City comptroller – disclosed his income and taxes paid for the past two years.

Spitzer, who stopped short of releasing his full tax returns, said he made an adjusted gross income of $4.268 million in 2012 and paid $2.094 million in federal, state and city taxes, a rate of 49%.
FULL POST


Filed under: Eliot Spitzer • Scott Stringer • Taxes
Same-sex couples: Beware the marriage penalty
June 27th, 2013
07:30 AM ET
10 months ago

Same-sex couples: Beware the marriage penalty

New York (CNNMoney) - After notching a major civil rights victory this week, some same-sex couples need to brace for a less exciting outcome: a tax hit known as the marriage penalty.

On Wednesday the Supreme Court shot down the Defense of Marriage Act, making it possible for same-sex couples who are married at the state level to access more than 1,000 federal benefits that were previously reserved for opposite-sex couples - including the ability to file their federal taxes jointly or "married filing separately."

FULL STORY

Filed under: Same-sex marriage • Taxes
Tennessee man charged in Romney tax return extortion scheme
June 26th, 2013
09:40 PM ET
10 months ago

Tennessee man charged in Romney tax return extortion scheme

Washington (CNN) - A Tennessee man was indicted Wednesday, accused of making a false claim that he had obtained tax returns for then-Republican presidential candidate Mitt Romney and then trying to extort money for them, federal prosecutors said.

Michael Mancil Brown, 34, of Franklin is charged with six counts of wire fraud and six counts of extortion. It was not immediately clear Wednesday whether Brown had an attorney.

FULL STORY

Filed under: 2012 • Mitt Romney • Taxes • Tennessee
McCain: 'Why the hell' do iPhone apps need updating?
May 21st, 2013
03:16 PM ET
11 months ago

McCain: 'Why the hell' do iPhone apps need updating?

(CNN) - After questioning Apple CEO Tim Cook in a congressional hearing Tuesday, Sen. John McCain ran out of time and didn't get to ask one pressing question on his mind.

"What I really wanted to ask is why the hell I have to keep updating the apps on my iPhone all the time and why you don't fix that," McCain, an active Tweeter, said–prompting some laughs in the room.
FULL POST


Filed under: Congress • John McCain • Taxes
« older posts