Cook said that Apple Inc. has likely become the “country’s largest corporate income taxpayer.”
Apple Inc. has been shifting billions of dollars offshore to avoid U.S. taxes, according to the Senate Homeland Security and Government Affairs Permanent Subcommittee on Investigations.
Same-sex married couples will pay more in taxes and receive fewer benefits than than those in heterosexual unions.
The surprise announcement came two days before March 14, the day Bolling set in vague terms as the day he would make a major announcement.
“Across the board percentage cuts are probably about the worst way to go about cutting things, because it means that low-priority items get cut at the same rate as high-priority items,” says Maurice McTigue, director of the Mercatus Center’s Government Accountability Project at George Mason University in Fairfax.
For states that rely heavily on federal government spending — states such as Virginia — the seemingly imminent budget cuts known as “sequestration” are a wake-up call.
In an op-ed for Yahoo!, McConnell wrote that the agreement to extend Bush-era tax rates on income up to $450,000 per year “was the last word on taxes.”
The Arizona Republican criticized Congress for attaching hundreds of millions of dollars in “special-interest handouts” to the measure.
The Progressive Change Campaign Committee is saying no dice to a reported deal to extend tax rates on income up to $400,000 per year.
Though House GOP leaders seem to be on board, Boehner understands that it’s going to be difficult to convince rank-and-file Republicans to essentially vote for a partial tax increase.