Over 18,000 High-Income Taxpayers Owed No U.S. Income Tax Liability in 2008
New statistics released by the Internal Revenue Service showed that the number and percentage of taxpayers earning over $200,000 a year who owed no U.S. income taxes nearly doubled from 2007 to 2008.
California Budget Deal Includes 'Amazon Tax'
California Governor Jerry Brown and Democratic lawmakers have struck a deal to close the state's estimated $15 billion budget deficit, including provisions to force online retailers like Amazon.com to collect sales tax from customers.
New Internet Gambling Tax Bill Introduced
Rep. Jim McDermott, D-Wash., has introduced legislation to amend the Tax Code to regulate and tax internet gambling.
Michael Jackson's Former Manager Pleads Guilty to Tax Charges
Raymone Bain, a public relations specialist and the former general manager of the late pop star Michael Jackson, has pleaded guilty in federal court in Washington, D.C., to charges that she failed to file federal and District of Columbia income tax returns.