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California Considering Tax for Drivers Based on Mileage Driven

California made headlines earlier this month with the announcement by Toyota that it would move its national headquarters from Torrance, California, to the city of Plano, Texas.  The move by Toyota has increased cries against the state’s anti-business practices, as it takes approximately 3,000 jobs and an estimated $475 million in annual property tax revenue from a state sorely in need of additional income.

The state is again in the news related to automobiles.  However, in this case, the headlines are not related to California’s unfriendly business policies that sent Toyota packing.  Rather, the news concerns state legislators who are considering a measure to tax drivers for every mile they drive.


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New York Representative Grimm Indicted on Fraud and Tax Charges

Federal prosecutors indicted New York Representative Michael Grimm on Monday on 20 counts of fraud and tax evasion.  The charges stem from the owning and operating of a restaurant in Manhattan, with prosecutors claiming Grimm failed to report over $1 million in revenue from the restaurant.


IRS Preparing to Keep over $750 Million in Unclaimed Tax Refunds

Today is tax day, the day when millions of individuals are finally getting their federal income tax returns filed so that they can claim their tax refunds.  Although many late tax filers delay completing their returns until the last minute because they want to put off paying money they owe to the IRS, there are many others due to receive a refund who wait simply because they are too busy to get their tax return filed.


Reasons for Filing an Extension of your Federal Income Tax

April 15, the date when state and federal income tax returns are due, is only a few weeks away.  While many millions have already filed their tax returns and received their refunds, there are millions more who have yet to get started on preparing their taxes.


Cash-Strapped States Plan Tax on e-Cigarettes to Generate Revenue

In approximately half of the states that are facing budget shortfalls, legislators are evaluating the best way to begin taxing e-cigarettes to generate additional revenue.


Democrats Propose Taxes on Guns and Ammo to Curb Violence

Democrat lawmakers are again pushing a measure aimed at curbing gun violence, in this case by making it more expensive for all gun buyers to purchase handguns and ammo by increasing federal taxes on the sale and transfer of guns.


Movement to Prevent ObamaCare Underway

As October 1 draws near, the date when ObamaCare goes into effect as Americans begin to enroll in healthcare benefits for 2014, there is a final push within Congress and at the grass-roots level to remove funding from ObamaCare.


“Penny Plan” Proposed as Option to Balance Budget

Republican lawmakers are reviving an approach to balance the budget of the federal government that was first proposed by the Tea Party.


Colorado School Tax Increase Petition Submitted with 160,000 Signatures

On Monday, supporters delivered to Denver more than the required number of signatures necessary to bring before voters a measure to overhaul Colorado’s education system.


IRS Extends Tax Deadline for Those Affected by Boston Marathon Bombing

On Tuesday, the IRS announced that it was extending the April 15 deadline for 2012 federal income tax by three months to those individuals who were affected by the bombing of the Boston Marathon.


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