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As the April 15 deadline for filing 2013 income taxes nears, most of us are finding that Uncle Sam will take about the same share of our income as last year. But the story is very different for people at the top of the income ladder. Their taxes are going up, in many cases by a lot. Click the link above to read more.
The State Department wants $400,000 to purchase a fiberglass sculpture of a camel looking at a needle for its new embassy in Pakistan. They've already spent their allotted $630,000 to increase the number of "likes" and fans on their Facebook and Twitter pages. The NATO ambassador for the U.S. needs $700,000 for landscaping and gardening, the National Science Foundation would like $700,000 to put on a theatrical production about climate change, and the Senate staffers need $1.9 million for lifestyle coaching. Also, Yale University researchers could really use $384,000 so they can study the odd cork-screw shape of a duck's penis. These are actual line items paid for by American taxpayers, whose tax dollars continue to be wasted on extravagant, unnecessary items that serve no greater purpose than to fatten the wallets of corporations and feed political graft. Click the link above to read more.
Should People Without Kids Pay Higher Taxes – CNNMoney
The chat-o-sphere has been abuzz lately about a proposal by Slate columnist Reihan Salam: The childless should pay higher taxes so that lower- and middle-income parents can pay less.
"The willingness of parents to bear and nurture children saves us from becoming an economically moribund nation of hateful curmudgeons. The least we can do is offer them a bigger tax break," writes Salam, who has no children himself. Click the link above to read more.
Do I Owe Taxes on Fantasy Sports Winnings – CNNMoney
You owe taxes on all your winnings, but organizations are not required to report that income to the IRS or send you a 1099 unless your net income reaches $600. Click the link above to read more.
What is the Wage Gap Costing You Everyday – HuffPo Women
What would happen if the wage gap finally disappeared? We know women would be making more money, but how much more would they be bringing home? By now, you've probably heard depressing statistics like this one: For every dollar a man earns, a woman makes 77 cents. You might even be sick of hearing it. Until you add all those pennies up, the gender gap will cost the average American woman more than $400,000 over the course of her professional life. What could that buy? What could you save? What could you invest in? Click the link above to read more.