Tag: Taxes
Forbes: Tea partiers confused, taxes ‘lower by every measure’ under Obama
This year IRS will be looking at you
Today is the deadline to file federal income taxes, and individuals and businesses are scrambling to get their books in order. The recession continued to batter individuals and families in 2009, with income falling and unemployment rising. But corporate profits started to rebound — nowhere more spectacularly than in the financial sector. Given those fundamentals, one might imagine that the Internal Revenue Service would focus more on corporations than individuals or small businesses.
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Anti-tax movement ponders two big defeats
Election night was bittersweet for Andrew Moylan. The young government affairs manager of the conservative National Taxpayers Union was watching returns in Asheville, N.C., with fellow attendees of the conservative State Policy Network’s annual meeting. Early in the night, the gubernatorial races in Virginia and then New Jersey went to the Republicans. Moylan, however, was watching the returns on two anti-tax, anti-spending ballot measures in Maine and Washington. Those weren’t turning out so well.
“I care a lot less about Republicans than I do about policy,” Moylan said. “So it was depressing to watch those numbers come in.”