Word: taxed
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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...
...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...
...decision represents the first time in 35 years that the sales tax has been raised...
...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...