Word: taxed
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...said that to support struggling workers, the federal government must make an effort to expand income tax credits for single workers and eliminate marriage penalties...
...announcement of the winning site will be the climax of a contest that bore a passing similarity to the 1849 gold rush. More than 20 Governors made pilgrimages to Detroit to woo GM, offering all sorts of land deals, tax breaks and worker-training grants. Minnesota's Rudy Perpich said his package of inducements was worth $1.3 billion to the company. To remind GM's executives of its lures, Missouri erected a billboard in downtown Detroit that read GIVE US A RING. Another sign said CHICAGO WANTS YOU. Celebrities were enlisted as well. Boxer Ray ("Boom Boom") Mancini touted Youngstown...
...three men met for an hour at the stately Peabody Hotel, once a favorite gathering place for Southern plantation owners. Alexander and Baker explained that Tennessee's constitution prohibits it from giving financial incentives to companies. They also emphasized that the state has a pro-business government, no income tax on wages and salaries, and a hardworking labor force. Another selling point was that Nissan and Bridgestone have achieved unusually high productivity and quality in Tennessee. One Nissan study showed that trucks built at Smyrna had 11% fewer defects after being on the road for three months than models assembled...
When Dunbar was on the way up, he squandered his wealth and made loans to friends who never paid him back. The tax scam unraveled when Evelyn Alga, an assistant in the office of Dunbar's tax accountant, called the IRS and offered evidence implicating not only Dunbar but the accountant. The IRS paid Alga $41,300 for her tip. MEXICO Containing the Debt Crisis...
...dream came to an abrupt halt last week. Dunbar, 42, was sentenced to five years in prison for tax fraud, having understated his earnings by some $32 million over a three-year period. That makes Dunbar the biggest tax cheat in IRS history. Judge Marilyn Hall Patel also placed him on five years' probation after he finishes his sentence and ordered him to pay the IRS what he owes in back taxes--an estimated $10 million--plus interest...