Page 30 - Tax Codes News Today

And operate under the old rules and they sometimes get caught with the new rules but, you know, ill take the old school guys. >> but, i mean, you got a guy that writes taxes for the rest of us and he didnt pay his taxes. >> that is critical point of embarrassment for the democratic party that they have charlie rangel, former chairman of ways and means. he lost his chairmanship as a result of this and no doubt people look at charlie rangel and when the attack comes saying you got a democrat who w...

Too much, but i cant do it now if i want to be serious about the deficit. why not say to the american people, you have to sacrifice. we have to get rid of tax cuts if its a bad idea which is what democrats believe, that the tax cuts were a bad idea. >> democrats didnt believe all those tax cuts were a bad idea. there were battles in 2001 and 2003 from democrats to do things like double the child care tax credit, to make the tax codes more progressive at the bottom end. they didnt believe all of ...

And it was inequitiable. >> hes investigated for inappropriate fund raising, use ago apartment to raise money and writing tax codes over high profile donors, it sounds like this is complete, complete, political hipocracy. >> well, its taken a long time for us to get here. its one of the things i talked about for weeks and months and months and months. its hipocracy personified. >> representative john carter from texas. thank you for your time, sir. >> the mid term elections are right around the ...

Economy. the rich take their jobs and the the economy improves. when you look at the facts its utterly wrong. the lowest tax rates we had in the counted, almost the lowest ever between 1925 and 1931. they were at 25% for the richest people in the country. and what happened? a total collapse. the great depression. now -- >> hold on. are you sure that was the tax codes that caused the stock market collapse? >> now, dylan, heres the thing. thats an excellent point. theres a number of factors involv...

Within two years, collections doubled because you make it, you pa i it. most central and european countries done the same thing the tax codes. do it to greece. greece makes it hard to set up a legitimate business. remove those barriers. in addition to the belt tightening putting in things that enable the countries to get back to their feet as well. >> you have france and in germany and in the united states, we dont have it yet but its certainly coming in the next two years. >> my home state of n...

Iceland is as high as 25.5% and it is something that you pay at least here in the u.k. on all goods and services with exceptions. childrens clothes, very basic food items, and some books, but, something that you dont see when you pay the price. it is a tax that is already factored in and some people are concerned that it is something of a sales tax because it changes from time-to-time. bill: and, do people moan and gripe about this, is it possible. >> here as in the u.s., people moan and gripe a...

One line item, its thousands. today we introduce the taxpayer calculator on foxnews.com. it allows us to break down the programs. take the $800 billion stimulus bill. put in your income, about $50,000, and this pie chart comes up. it shows what portion of the stimulus your income group or tax bracket paid for that. then it will calculate what you paid individually for that program. the stimulus bill, for this person, making 50 grand, will cost them $3,700. top wage earners paid over $100,000 for...

So the stimulus money is supposed to help you, when it comes to tax time, but if you have gotten any stimulus money, it can wreak havoc when it comes to writing it off or not writing it off. josh levs, you are on the stimulus desk. >> we have the good and the bad and the ugly. the tax codes are complicate and ludicrous in this country. because of the stimulus, some people are having the tax returns rejected by the irs. so what i want to do now is to tell you some of the problems, but the good an...

Threat to citizens rights? 56% say yes. 86% of americans in the same poll say they dont trust washington. there is a bigger disconnect between washington than ever before and the speaker of the house is saying the guy that writes tax laws breaking tax rules and a lot of other ethical violations is not a threat to this country? >> here it is for all of the boys and girls at home, charlie rangel, an enormously popular congressman from harlem. is he in charge of the committee that writes the tax co...

>> not really because when we used reconciliation it was primarily to change tax codes or actually reconcile authority, legislative authority with spending appropriations. that is not the case here. this is one sixth of the american economy. you have got two very controversial bills in the house and the senate. there is not -- there is some common ground obviously but i point out when pelosi talked about medicare and social security, those bills passed with strong republican support. only one re...