Word: taxed
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Dates: during 2000-2009
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...average tax refund through April has been $2,683, according to the IRS. That's up 13% from one year ago and constitutes a pretty healthy onetime fiscal shot in the arm for the typical family struggling during this recession...
...only are tax refunds up this year; so too are the number of people receiving them. Some 82% of filers have gotten money back, up from 78% last year. Accounting for the increases, the IRS says, are more generous tax credits for things like children living at home, first-time homebuyers and late claims related to those 2008 stimulus checks. Meanwhile, the recession and slumping incomes have rendered more people eligible for such credits. The larger refunds are a welcome boost for the economy. In all, the Federal Government has cut refund checks totaling $259 billion - up 17% from...
...However, Obama appointed three Republicans to his cabinet, pursued centrist policies in Iraq and Afghanistan that Senator John McCain has praised, included in his stimulus package one of the largest tax cuts in history despite calls from the left for fewer tax cuts and more spending, and resisted calls for nationalizing major banks. To claim that Obama has been the most partisan president ever, therefore, is both disingenuous and more than a little partisan itself...
...There are questions like, ‘Do you do sales tax?’ And I never had to deal with sales tax for any student things at Harvard,” Wang says. (The answer is yes, they did have to use sales tax for the silent auction...
...easy to see the appeal, if you look at the numbers. The Congressional Budget Office has estimated that fully counting employer-provided health benefits as taxable income could bring as much as $246 billion a year into federal coffers. But the politics of taxing something that workers now believe they get for free would be treacherous. More likely than a total elimination of the favorable tax treatment is the prospect of putting some kind of limit on that deduction - forcing workers to pay taxes, for instance, if their employer offers a particularly lavish plan. Or lawmakers may come...