Tag: Taxes
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The IRS Has Plans To Take Away Your Passport Over Tax Delinquencies
The Internal Revenue Service (IRS) is finalizing plans that will allow the federal government to revoke, deny, or limit a U.S. citizen’s passport if they owe more than $50,000 in “seriously delinquent tax debt. ” Lawmakers are in the final stages of negotiation over a bill to provide funding for U.S. highways and transit […]
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How Corporations Get Out of Paying Taxes
There’s been a lot of media-driven furor this year around the issue of humongous corporations weaseling their way out of paying taxes, with GE taking a brunt of the public assault. While with each passing month we hear of some new offender, one wonders how it is that these companies are actually able to do […]
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The Unquenchable Thirst: Taxing America’s Oil Addiction
In the U.S., our dependence on oil not only makes for wealthy oil companies, it also supports our federal, state and local governments. Gas taxes add up quickly and some areas of the country are taxed more heavily than others. However, one surprising thing holds true: The government profits even more from our oil addiction than the super-rich oil companies do.
