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NEWS
By Edwin Chen and Edwin Chen,SPECIAL TO THE SUN | April 12, 2003
WASHINGTON - President Bush and first lady Laura Bush reported a net taxable income of $771,940 for last year and paid $268,719 in federal income taxes, the White House announced yesterday. Both figures were roughly the same as those of the past two years. The sources of the couple's income were Bush's $400,000 annual salary as president and investments from the trusts in which their assets are held. They earned $23,947 in dividend income. In his tax-cut proposal before Congress, Bush is seeking to eliminate the taxation of such income.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2013
Four Maryland organizations won the right to raise $135 million for community development projects by selling federal tax credits, the Treasury Department said Wednesday. The New Markets tax credits help developers fund projects intended to add jobs and bring other improvements to distressed areas. Investors purchasing the credits from New Markets recipients receive a break on their federal income taxes. The local recipients are Baltimore-based CDF Development, a Cordish Cos. affiliate that intends to invest in retail and mixed-use projects; Baltimore-based Harbor Bankshares Corp., which will offer below-market-rate loans to projects in low-income neighborhoods; Columbia-based ESIC New Markets Partners, which focuses on health care centers, healthy-food options and mixed-use developments; and Bethesda-based Mid-City Community CDE, whose investments will include transit-oriented businesses.
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NEWS
By Bob Price | January 26, 2012
In his State of the Union address, President Barack Obama talked about Americans paying their fair share in taxes. For most of my life, I thought that I had a reasonably good idea about what "fair" means — except for that period when my children were young and "fair" meant getting precisely what they wanted, when they wanted it, and if they didn't get it instantly it was "not fair. " The meaning of the word became especially tricky when each of my children wanted something different.
NEWS
April 11, 2013
I would like to add some points to former Gov. Robert L. Ehrlich's column "How the welfare state has grown" (April 7). Mr. Ehrlich fails to mention the fact that every president since Lyndon Johnson, beginning in 1964, has raided the Social Security Trust Fund and transferred the money to the government's general fund to pay for the country's wars and for the campaign promises they made to their constituents in order to get re-elected. He also failed to mention that President Ronald Reagan called upon Congress in the early 1980s to increase Social Security contributions because he claimed the system was going broke.
NEWS
August 14, 2012
In response to your editorial vilifying the Paul Ryan vice presidential selection ("The wrong vision," Aug. 12): There you go again. While the White House and the Senate democrats offer no budgets, or in the president's case several budgets that failed to gain even one vote by his own party, any attempt to offer solutions is demonized. The president couldn't even get on board with the Bowles-Simpson plan, crafted by a commission formed by a the president himself. Mr. Obama embraced almost no aspects of the plan, showing a total lack of leadership.
NEWS
By Los Angeles Times | June 7, 2007
WASHINGTON -- The founder of a Republican environmental organization was charged yesterday with tax evasion and obstruction of justice as part of the federal criminal investigation into lobbying practices in the Jack Abramoff corruption scandal. Italia Federici, president of the Council of Republicans for Environmental Advocacy, allegedly failed to pay more than $77,000 in federal income taxes from 2001 to 2003 and made "false and fictitious" statements before the Senate Indian Affairs Committee in 2005, as it probed Abramoff's lobbying for Native American tribes.
NEWS
April 11, 2013
I would like to add some points to former Gov. Robert L. Ehrlich's column "How the welfare state has grown" (April 7). Mr. Ehrlich fails to mention the fact that every president since Lyndon Johnson, beginning in 1964, has raided the Social Security Trust Fund and transferred the money to the government's general fund to pay for the country's wars and for the campaign promises they made to their constituents in order to get re-elected. He also failed to mention that President Ronald Reagan called upon Congress in the early 1980s to increase Social Security contributions because he claimed the system was going broke.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2013
Four Maryland organizations won the right to raise $135 million for community development projects by selling federal tax credits, the Treasury Department said Wednesday. The New Markets tax credits help developers fund projects intended to add jobs and bring other improvements to distressed areas. Investors purchasing the credits from New Markets recipients receive a break on their federal income taxes. The local recipients are Baltimore-based CDF Development, a Cordish Cos. affiliate that intends to invest in retail and mixed-use projects; Baltimore-based Harbor Bankshares Corp., which will offer below-market-rate loans to projects in low-income neighborhoods; Columbia-based ESIC New Markets Partners, which focuses on health care centers, healthy-food options and mixed-use developments; and Bethesda-based Mid-City Community CDE, whose investments will include transit-oriented businesses.
NEWS
February 20, 1994
A Prince George's County man who hasn't paid federal income taxes in a decade and has urged others not to pay was sentenced Friday to 16 months in prison, the maximum allowed under sentencing guidelines, prosecutors said.Jabari Zakiya, an engineer at the National Aeronautics and Space Administration's Goddard Space Center, also was ordered by U.S. District Judge J. Frederick Motz to pay a $25,000 fine. He is free pending an appeal, said Assistant U.S. Attorney Lisa M. Griffin.Zakiya, 38, of Largo was convicted in November of one count of tax evasion and three counts of failure to file tax returns from 1987 to 1989.
NEWS
November 22, 2011
Of course, we must eliminate any loopholes that rich Americans use to avoid paying their fair share of taxes. You must remember, however, that the top 10 percent pay 68 percent of federal income taxes. Sure, go after those corporations that avoid their financial obligation to this country, but for the others, let's not kill the wounded. Democrats seem convinced that the federal government would do a far better job of managing our debt crisis and the massive unemployment instead of allowing private enterprise to energize the economy.
NEWS
By Jonah Goldberg | January 7, 2013
By all accounts, President Barack Obama won the fiscal cliff showdown. Why anyone would take much pride in this kind of "win" is beyond me. It's a bit like being the least filthy toddler in the mud pit. One of the main reasons Mr. Obama won, according not only to Mr. Obama but an at times cheering press, is that he had a mandate. He ran on the need for the wealthy to "pay their fair share. " To his credit, Mr. Obama never said raising taxes on the "rich" will solve all of our problems.
NEWS
By Jules Witcover | October 18, 2012
President Barack Obama did what he had to do in his second debate with Mitt Romney. He showed enough fight to revive fellow Democrats dispirited by his soporific performance in their first encounter. He threw Mr. Romney on the defensive but still didn't offer much rebuttal to his foe's charge that a second Obama term would be little different from the first. The president finally hammered at Mr. Romney's "sketchy" breakdown of his five-point plan to reduce the deficit through an end to unspecified tax loopholes for the wealthy.
NEWS
By Jules Witcover | October 1, 2012
On the eve of the first critical presidential debate of 2012, why is the campaign of Mitt Romney suddenly showing signs of imploding? There has been no marked improvement in the dim economic picture, to which he has pinned his hopes of ousting President Obama. Indeed, the slow national growth rate has reportedly slipped slightly again. Yet opinion polls in state after state indicate leakage in support for Mr. Romney, notably in swing states like Ohio and Florida. Certainly, the disclosure of his remarks at that closed fund-raiser in Florida - in which he wrote off the "47 percent of Americans" who don't pay federal income taxes - was a contributor.
NEWS
August 14, 2012
In response to your editorial vilifying the Paul Ryan vice presidential selection ("The wrong vision," Aug. 12): There you go again. While the White House and the Senate democrats offer no budgets, or in the president's case several budgets that failed to gain even one vote by his own party, any attempt to offer solutions is demonized. The president couldn't even get on board with the Bowles-Simpson plan, crafted by a commission formed by a the president himself. Mr. Obama embraced almost no aspects of the plan, showing a total lack of leadership.
NEWS
August 5, 2012
There's a right way and a wrong way to have a debate about taxes in this country. This week, Senate Majority Leader Harry Reid demonstrated how not to accomplish that task with his claim that Mitt Romney didn't pay any federal income taxes over a 10-year period. The problem is that the Nevada Democrat offered absolutely no proof of this and said he was informed of it by "an extremely credible source" but not the White House. We don't know whom Mr. Reid might regard as highly credible - whether his barber or an IRS agent - but the episode smacked of the kind of McCarthyism that Democrats have so often derided when it comes from Republicans.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | June 10, 2012
A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes. If you're like me, your first question is: How can that be? Your possible next question: Can I get that kind of tax treatment? Tax experts say it's not that difficult to avoid owing federal income taxes. And it doesn't require giving up U.S. citizenship, a step that Facebook's co-founder took last year, reportedly to lower his tax bill. Most likely, no single tax move by these households — among the top 3 percent of U.S. earners — allowed them to sidestep taxes.
NEWS
September 30, 2010
By now, we have all heard "independent" Rep. Frank Kratovil's nasty attack ad against state Sen. Andy Harris, implying that Mr. Harris is pushing hard to pass a 23 percent national sales tax. This is ridiculous!! Mr. Harris has made it clear that he is dead set against raising taxes of any kind, and his voting record proves it. Please look it up for yourself. He has steadfastly voted against higher taxes for the past 12 years as a Maryland state senator. Mr. Harris has never even once voted to increase our taxes, nor will he. Has Frank Kratovil signed the Americans for Tax Reform's Taxpayer Protection Pledge?
BUSINESS
By Bloomberg Business News | July 7, 1995
ARMONK, N.Y. -- International Business Machines Corp. said yesterday the Internal Revenue Service is auditing the company over the status of thousands of workers who are employed as independent contractors.Armonk, N.Y.-based IBM said the audit is routine and centers on the tax withholding procedures for workers who are paid as freelancers and don't have federal income tax or Social Security taxes withheld from their paychecks.L "Audits are a way of life," said IBM spokesman Tom Beermann.IBM, which has about 220,000 regular employees, employs thousands of workers who are considered temporary contractors.
NEWS
By Bob Price | January 26, 2012
In his State of the Union address, President Barack Obama talked about Americans paying their fair share in taxes. For most of my life, I thought that I had a reasonably good idea about what "fair" means — except for that period when my children were young and "fair" meant getting precisely what they wanted, when they wanted it, and if they didn't get it instantly it was "not fair. " The meaning of the word became especially tricky when each of my children wanted something different.
NEWS
Dan Rodricks, The Baltimore Sun | January 23, 2012
Nobody asked me but . . . This news, via MarylandReporter.com, might come as a shock to members of the General Assembly who believe the O'Malley administration is waging a "war on rural Maryland": A poll by OpinionWorks finds that 62 percent of registered voters in rural areas favor tighter regulations on septic systems while 57 percent favor "limiting the number of septic systems in rural areas. " Statewide support for tighter septic restrictions was 72 percent, with support for limiting new systems as 69 percent.
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