November 4, 2011 |
Many of the nation's most profitable companies are paying far less than the government's 35% corporate income tax rate, with dozens paying no taxes at all, according to a controversial new report. Left-leaning advocacy and research groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 280 companies and concluded that they paid an average rate of 18.5% from 2008 through 2010 — about half the official rate. Several firms mentioned in the report lashed out at the findings.
May 1, 1988 |
Senate leader David A. Roberti indicated Saturday that he would oppose increasing income taxes, even if a newly enacted tax reform law is found to be the cause of a surprise budget shortfall of as much as $1 billion. In a radio speech, the Los Angeles Democrat pinned the blame on last October's stock market crash, and charged that Deukmejian Administration tax officials failed to take it into account and make corrective adjustments.
December 12, 1986 |
China will introduce an income tax next year in a bid to narrow the rapidly widening gap between rich and poor in this Communist nation, the official New China News Agency said Thursday. The "Provisions on Individual Income Regulation Tax," issued by the State Council, will apply to all Chinese citizens with residence and income in China, the agency said. The tax, to take effect Jan.
September 19, 2012 |
By now, most Americans who take their civic responsibilities seriously have no doubt seen, or at least heard about, Mitt Romney's peculiar approach to broad-based voter outreach. We're referring, of course, to his videotaped fundraising speech in Florida, in which he characterizes 47% of the American public as people who are "dependent on the government," who "pay no income tax" and who can't be convinced to "take personal responsibility and care for their lives. " Voters can decide for themselves whether Romney's words, taken at face value, bespeak a hopelessly crabbed approach to government's role in our lives or a principled stand for private enterprise and economic freedom.
CALIFORNIA | LOCAL
October 4, 1996
Evelyn Jenkins, 61, who joined her husband, radio talk show host Bill Jenkins, in arguing that income taxes were unconstitutional. In 1986, Jenkins and her husband were ordered to perform 200 hours of community service and to pay back taxes for 1979, 1980 and 1981. They charged that federal and state income taxes are unconstitutional on the grounds the 16th Amendment providing for taxes was never properly ratified.
CALIFORNIA | LOCAL
June 15, 2006 |
A former San Diego police officer pleaded guilty Wednesday to evading $63,000 in income taxes from 2001 to 2003 on his salary and money he made selling property stolen from the police evidence room on EBay. James Estrella, 46, faces up to five years in prison when he is sentenced Dec. 5 in federal court. He has also pleaded guilty in Superior Court to four counts of receiving stolen property.