Block snafu delays refunds – MarketWatch
by The Wall Street Journal
Due to an editing error, a previous version of this article
incorrectly characterized the IRS’s statements.
A tax-preparation software glitch caused more than 600,000 returns to be
filed incorrectly, delaying refunds by as much as six weeks, the IRS says.
Budget Equally Lifts Taxes, Cuts Spending – The Wall Street Journal
Senate Democrats called Wednesday for raising taxes by
almost $1 trillion over a decade and reducing federal spending by the same
amount, aiming to shrink but not erase the budget deficit. The Democrats' budget blueprint contrasted
sharply with the House Republicans' alternative, which had no new tax increases
and aims to balance the budget in 10 years.
Foundation: Rich pay staggering share of total income taxes – The Daily Caller
Are the rich paying their fair share? It’s a question that
has come up as President Barack Obama and House Republicans begin to haggle
over the budget.
Detroit Mayor Found Guilty On Multiple Counts, Including Tax Charges – Taxgirl via Forbes
It’s a word that former Detroit Mayor Kwame Kilpatrick heard
24 times today. A former political star, Kilpatrick became the the youngest
person elected to mayor of Detroit in 2001; he was 31 years old at the time.
Ryan’s budget: The good, the bad and the unrealistic – The Washington Post Opinions
HOUSE BUDGET Committee Chairman Paul Ryan’s 10-year
blueprint for federal taxes and spending is at least as much about politics as
about policy. By promising to balance the federal budget by 2023 without
raising taxes, the Wisconsin Republican seeks both to mollify members of the
House Republican majority who are still steamed at the $600 billion 10-year tax
hike included in the “fiscal cliff” deal three months ago and to provide them
with strong talking points for voters back home.