February 17, 1990 |
The District of Columbia's only member of Congress, Walter Fauntroy, urged city residents Friday to join him in withholding their federal income taxes to pressure Congress to make the city the 51st state.
August 1, 2012 |
WASHINGTON - Attention, federal workers: Pay your taxes or lose your job. That was the message sent Tuesday by the House, which approved the Federal Employee Tax Accountability Act, aimed at 98,000 federal workers who collectively owed Uncle Sam about $1 billion in 2010. The measure, sent to the Senate on 263 - 114 vote, would make anyone "seriously delinquent" on their taxes -- that is, with a debt for which a public lien notice has been filed -- ineligible for federal employment. Prospects for Senate action are uncertain.
August 2, 2012 |
WASHINGTON -- Senate Majority Leader Harry Reid took his jihad concerning Mitt Romney's personal finances to the chamber floor Thursday, repeating his unsubstantiated claim that the wealthy Republican paid no federal income taxes for 10 years. Questions about Romney's taxes clearly have the potential to hurt the GOP presidential candidate, with polls indicating that voters would like to see more expansive disclosure of his records. Romney seems determined to tough out the issue, though.
February 22, 1987
The article by John Betz Willmann, "Move-up Housing Cashes in on Tax Law" (Jan. 11), is grossly misleading. It was not what Mr. Willmann said; what he left unsaid that misled. The cost of obtaining $75,000 of cash for which the interest is deductible must be compared to the value of the interest deduction. For most of us, selling our home requires that we list it with a realtor. And there are significant loan initiation costs when obtaining a mortgage either on a purchase or on a refinance.
February 10, 2003
Arianna Huffington's twin obsessions with SUVs and CEOs are both wearing thin. In "Once Again, We're Being Railroaded" (Commentary, Feb. 6), she goes off the deep end with her latest hyperbolic broadside against CEOs. This time her villain is John Snow, the new Treasury secretary, in a column that is remarkable both for its vitriol and complete lack of substance. For example, she attacks Snow because his company, CSX, attempted to increase its profits by reducing unnecessary expenses such as out-of-control health-care benefits and life insurance benefits (since when is a company required to provide life insurance to all of its employees?
April 13, 2012 |
The White House's proposed "Buffett Rule" looks like a political winner, at least for now. A new Gallup poll finds that six in 10 Americans support the idea of a law that would require households that earn $1 million or more a year to pay a minimum 30% tax rate, as President Obama has called for. Thirty-seven percent are opposed. Three out of four Democrats favor the plan, while Republicans are split 43% for and 54% against. Among independent voters, 63% back the idea, while 33% oppose it. Last September, Obama called for tax reform that would, in part, ensure that the middle class did not have a higher tax burden than "millionaires and billionaires.
CALIFORNIA | LOCAL
August 20, 1986 |
Orange Mayor James H. Beam, who is running against Anaheim Mayor Donald R. Roth for the 4th District seat on the Board of Supervisors, released his tax returns--as Roth did last week--at a press conference Tuesday in Santa Ana. Beam's federal return for 1985 showed wages of more than $120,000, interest income of $3,314, capital gains of $3,974 and business losses of $27,608. Beam and his wife, filing jointly, paid $16,160 in federal taxes.
CALIFORNIA | LOCAL
May 24, 1986
It is suggested that a similar article be addressed to big business, and the rich, to forgo the many tax goodies and tax shelters which enable them to pay nothing or very little in federal taxes. Also ask the speculators in securities, commodities, real estate and other items to subject their capital gains at regular income tax rates as applied to wages and salaries. Ask those who sell their homes to forgo the $125,000 exclusion from income taxes and pay regular taxes on the gain.
April 20, 1997
In "CPI Squabble Diverts Attention From Real Issues" (View From Washington, March 30), Robert Rosenblatt claims that your "typical" 65-year-old widow would lose $3,900 in Social Security benefits by 2005 and that a middle-income family with two children would pay $1,400 more in federal taxes. Those figures have to be based upon some assumptions of inflation rates over the next eight years, something even the most astute economist hasn't been able to do or even predict. How can a meaningful discussion on balancing the budget take place until we correct the inaccuracies that have a direct effect on balancing the budget?