Word: taxed
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...allegedly contacted regulators on the hauling firm's behalf to enable it to do business with the city. Prosecutors allege that Kerik also lied to investigators as well as on required disclosure forms about receiving these payments and failed to declare these and other kinds of income on his tax returns...
...Congress has no problem spending money it doesn't have, but this year is different. Democrats have to contend with a rule they implemented when they took control of Congress known as Pay-Go, which means they actually have to pay for things as they're approved, with either tax hikes or budget cuts. With that in mind, House Ways & Means Chairman Charles Rangel has proposed paying for the patch by raising taxes on the bonuses and fees received by hedge fund and private equity managers - which is to say the bulk of their exorbitant incomes. Right now these moneymen...
...Hawaii and Fiji on a ministry plane were for business reasons. Grassley also wants the specifics of a reported deal whereby the ministry - which possesses considerable mineral rights - allegedly used them to "capitalize" a for-profit company. All the questions seem aimed at determining whether Copeland had broken the tax laws regarding non-profits, emphatically and repeatedly...
Congressional Democrats must feel a little disoriented by the emerging battle over how to pay for this year's fix for the Alternative Minimum Tax. The party that usually never misses an opportunity to portray itself as the champion of the working class suddenly isn't so wild about making a certain share of wealthy Americans pony up more cash to alleviate the impact of the AMT on millions of middle-class Americans. And for once, the Dems will be downright relieved if President Bush delivers on his veto threat, in this case effectively taking the difficult decision...
...billion measure at issue, passed last week by the House of Representatives, is the latest one-year band-aid to fix the AMT. Created in 1969 to ensure that the rich would pay at least a minimum amount of tax annually, the AMT has ended up walloping an increasing share of the middle class. This year 21 million "ordinary" Americans will be hit by it if Congress doesn...