Word: taxing
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Dates: during 1980-1989
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...Fasi wants to put a stop to it. He has called for a state law banning most foreign ownership of residential and agricultural land. Reason: the payouts have driven up real estate assessments by as much as 100%, so that people who do not sell are facing a crushing tax burden. Though Fasi's proposed law may not be considered by the state legislature this year, many Honolulu residents now support his call for action...
Lojeski's tale is just one of hundreds of horror stories that taxpayers can tell about the heavy-handed tactics of the Government's tax collectors. With the dreaded April 15 filing deadline approaching, Congress is considering bills that would ensure greater protection of taxpayers, including a measure sponsored by Senator David Pryor, an Arkansas Democrat, that has come to be known as the Taxpayers' Bill of Rights. While no one denies that the IRS should be tough on tax cheats, critics charge that the agency is often too quick to seize property, sometimes moves on the basis of flimsy...
Many enforcement actions are based on colossal blunders. One Texas taxpayer, who prefers to remain anonymous for fear of IRS retaliation, paid more than $22,000 in taxes for 1987 but fell a whopping 2 cents short of the proper amount. The IRS promptly sent him a bill for $400.31 in penalties. Reason: the agency levied the fine on his entire tax liability -- not just the missing 2 cents. The taxpayer is appealing the ruling...
...administration apparently has been frustrated with a lack of cooperation from U.S. businesses with operations in Panama. Invoking the emergency economic powers law would allow the government to forcibly withhold tax payments that American businesses make to the Panamanian government...
Rivlin says that when she returns to the Brookings Institute, she will begin a new book about the budget process, which will include a discussion of tax and spending issues, as well as fiscal and public policies...