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Taxes

(Photo by Mario Tama/Getty Images)
(Photo by Mario Tama/Getty Images)
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Government’s War on Poverty: Helping or Hurting?

In the 1960’s President Lynden Johnson came up with the idea, for what he called, “The Great Society.” It was partially modeled after John Kennedy’s “New Frontier” program that stalled

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Is The US Ready for The Fair Tax?
(Joe Raedle/Getty Images)
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Should the US Consider a Fair Tax?

The Fair Tax is almost as complicated as the current progressive income tax we all know and love. And like the other tax possibilities we’ve looked at, there are pros and cons to this one as well

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Rusty Russell/Getty Images
Rusty Russell/Getty Images
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Is It Time for the US to Consider a Flat Tax?

Almost every year some TV station will take a typical tax return to about 20 tax preparers and they get 20 final results — all different. If trained tax preparers can’t get it right what chance does the average citizen have in filing an accurate tax return?

Other than accountants, and perhaps even some of them, you are not going to find many people who are happy with the current tax code

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Shoppers And Businesses Prepare For VAT Rise
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Is It Time for The US To Consider a VAT Tax?

A VAT tax is simply a “Value Added Tax.” It’s a tax on consumption, not on production. It works a little like a sales tax except that taxes are added and deducted up and down the sales ladder

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Photo by Brendan Hoffman/Getty Images
Photo by Brendan Hoffman/Getty Images
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The Buffet … Rule?

The point is, even if the Buffet Rule passes, which is about as likely as me passing Danica Patrick — no one is ever going to pay that tax rate.

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Schweitzer
Ron Sachs-Pool/Getty Images
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Gov. Brian Schweitzer And Wife Nancy Pay $22,000 In 2011 Taxes

HELENA, Mont. (AP) — Gov. Brian Schweitzer and his wife Nancy paid nearly $22,000 in federal and state income taxes in 2011 on an adjusted gross income of nearly $158,000.

Tax records released by the governor's office showed the Schweitzer s paid just over $16,000 in federal income taxes, about $5,800 in state income taxes along with nearly $13,000 in property taxes

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Tom Egelhoff, Host of "Open for Business"
Tom Egelhoff, Host of "Open for Business"
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Open for Business: Should the rich pay more taxes? My next guest say YES.

My guest on the next edition of "Open for Business" says YES.

Nick Hanaur, was one of the first investors in Amazon.com (where he served as adviser to the board until 2000). He founded gear.com (which eventually merged with Overstock

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Shane
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Tom & Shane on “Open for Business” Live in Studio on Saturday

Shane Montalban, former Bozeman resident and Canadian citizen joins Tom for the full three hours this Saturday. They will cover all the events of the past couple of weeks on the markets, gold, Europe, government and they'll take your calls for your input too

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Joe Raedle, Getty Images
Joe Raedle, Getty Images
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How To File an Extension For Your 2010 Taxes

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

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Category: Advice, Taxes Tags: ,
Hulton Archive/Getty Images
Hulton Archive/Getty Images
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Seven Ridiculous State Taxes

While doing (and paying) your taxes is the opposite of a good time, there are some taxes that are so ridiculous, they're actually kind of fun.

Well, maybe not so fun if you actually live in one of these states. Check out our list of seven ridiculous state taxes:

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Category: Taxes Tags: ,

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