For President Obama’s State of Union Address Two Things are Certain, Gun Control and Taxes

http://www.dailymail.co.uk/news/article-2277113/Obamas-2013-State-Union-speech-Gun-control-tax-hikes-forefront-SOTU-promises.html#axzz2KhFVK3OY\ Gun control – and MORE tax hikes – to be at the forefront of Obama’s State of the Union after it’s announced the mother of shooting victim Hadiya Pendleton will be first lady’s guest The president will make renewed call for strict gun control measures Parents of slain 15-year-old will be in attendance She […]

Broken Promises: New Fiscal Deal Raises Taxes On Middle-Class Families, Which Breaks Obama Promise To American People

http://www.dailymail.co.uk/news/article-2256972/Middle-earners-hit-hardest-revealed-workers-making-30-000-bigger-hit-earning-500-000-new-fiscal-deal.html Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal By Hayley Peterson PUBLISHED: 00:00 EST, 3 January 2013 | UPDATED: 06:25 EST, 4 January 2013 Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under […]

‘Fiscal Cliff’ Drama Ends In Cliff-hanger: Senate Approves Of Temporary Deal To Avert Spending Cuts For Two Months

http://www.dailymail.co.uk/news/article-2255396/White-House-Republicans-strike-agreement-fiscal-cliff–midnight-comes-vote.html By Toby Harnden In Washington, Michael Zennie, Associated Press and Reuters Reporter PUBLISHED: 12:48 EST, 31 December 2012 | UPDATED: 02:14 EST, 1 January 2013 The U.S. Senate has voted in favor of a deal to keep the nation from falling over the fiscal cliff, with only the Republican-controlled House left to vote on […]

Obama urges Congress to avert fiscal cliff as Republicans signal rich CAN be taxed more

http://www.dailymail.co.uk/news/article-2234437/The-rich-taxed-says-Obama-Republicans-Democrats-vow-work-avoid-fiscal-cliff.html Obama is urging Congress to approve legislation that ensures taxes don’t go up on 98 per cent of all Americans Republicans and Democrats have sworn to work together to hash out a deal to avoid the U.S. going over ‘fiscal cliff’ Congressional leaders of both parties on Friday gave a joint speech for the […]

Don’t die in 2013! Estate tax set to rise to 55% next year after expiry of Bush tax cuts

http://www.dailymail.co.uk/news/article-2176757/Estate-tax-set-rise-55-2013.html By Hugo Gye PUBLISHED: 16:54 EST, 20 July 2012 | UPDATED: 17:43 EST, 20 July 2012 013 could be a bad year to die, as the expiration of the Bush-era tax cuts is set to cause a massive hike in the rate of estate tax. The proportion of inheritance money claimed by the federal […]

How Apple (legally) avoided paying BILLIONS in taxes last year alone despite their record profits

http://www.dailymail.co.uk/news/article-2137374/How-Apple-avoided-paying-BILLIONS-taxes-year-despite-record-profits.html By Daniel Bates PUBLISHED: 10:06 EST, 30 April 2012 | UPDATED: 12:22 EST, 30 April 2012 Apple avoided paying up to $2.4billion in taxes last year through a complex strategy that funnels money to low tax states and foreign countries, according to a report. The technology giant has set up up offices in Nevada, […]

Record number of Americans renouncing their citizenship to avoid paying taxes

http://www.dailymail.co.uk/news/article-2131225/Record-number-American-citizens-renouncing-citizenship-avoid-paying-taxes.html Record 1,800 people renounced U.S. citizenship last year alone, up eight times the number of those who did in 2008 US one of few countries to tax its citizens on income earned while abroad Taxes for ex-patriots are notoriously difficult; income up to $95,100 isn’t taxed under Foreign Earned Income Exclusion, but wealthy must […]

Documents reveal Obama’s secretary pays higher tax rate than he does: President’s lowest income in six years means he does NOT qualify for millionaire’s Buffett tax

http://www.dailymail.co.uk/news/article-2129716/Documents-reveal-Obamas-secretary-pays-higher-tax-rate-does-Presidents-lowest-income-years-means-does-NOT-qualify-millionaires-Buffett-tax.html By Daily Mail Reporter PUBLISHED: 09:27 EST, 14 April 2012 | UPDATED: 09:27 EST, 14 April 2012 As part of President Barack Obama’s push for bringing in the tax raising ‘Buffett Rule’ he has been quick to point out that billionaire investor Warren Buffett pays a lower tax rate than his secretary. However tax […]

HALF of Americans don’t pay income tax despite crippling government debt

http://www.dailymail.co.uk/news/article-2105131/HALF-Americans-dont-pay-income-tax-despite-crippling-government-debt.html 151.7m people – 49.5% of the U.S. population – paid no federal income tax in 2009, figures show By Daily Mail Reporter Last updated at 11:21 PM on 22nd February 2012 Only half of U.S. citizens pay federal income tax, according to the latest available figures. In 2009, just 50.5 per cent of Americans […]

Analysis: For Obama 2012, it’s all about the 99 percent

http://www.reuters.com/article/2012/01/25/us-obama-campaign-idUSTRE80O0EO20120125 By Jeff Mason WASHINGTON | Wed Jan 25, 2012 9:40am EST (Reuters) – President Barack Obama threw red meat to his political base on Tuesday with a promise to do the nearly impossible: solve the problem of widening U.S. income inequality. Faced with the very real possibility of losing the White House in November, […]