Word: taxed
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...that has turned them into an election issue: almost 1 million of them have registered to vote in the two rounds, on April 22 and May 6, more than double the number in the last presidential election in 2002. Royal's Socialist Party briefly mooted whether to institute a tax on French who move abroad, but soon dropped the idea. For his part, Sarkozy staged a boisterous election rally in London in January, a first for a French presidential candidate, and urged the crowd of about 2,500 expats to return. "We need your work, your intelligence, your imagination...
...number of those registering at French consulates abroad since 1995. People are leaving for all sorts of reasons, of course, ranging from greater opportunities to higher salaries, from romantic entanglements to the search for a foreign utopia that may not exist. Two people leave France every day for tax reasons alone, according to a recent Senate report. But for the most part, those leaving are not wealthy retirees looking for a place in the sun; they are talented and ambitious young people in their 20s and 30s who have left because they felt they couldn't advance their careers...
Something to ponder as you sign your tax return: audits are back with a bite. The number of individual returns audited last year was the highest since 1998. IRS "enforcement efforts" collected a record $47.3 billion in additional payments. Consolation: 1 in 16 millionaires faced audits...
...CASH Last year Uncle Sam paid out $230 billion in tax refunds to individuals. This year the average refund is up 3%, to $2,771. Call it the April dilemma. Do you spend, save or invest it? 74% of taxpayers get refunds
...Doing Unto Others Joe Klein's column about Arkansas Governor Mike Huckabee served up an excellent snapshot of today's Republican way of thinking [March 26]. Republicans give tax breaks to oil companies that pocket record profits but scoff at a candidate who looks out for his fellow citizens. Honest Abe must spin in his grave every time the G.O.P. refers to itself as the party of Lincoln. Huckabee, unfortunately, has little chance of getting the nomination with his do-unto-others mentality. That kind of thinking just doesn't pass muster in today's Republican Party. Mark McKay, PASCOAG...