Five transactions and five tax exemptions for Koch in Luxembourg

By Alison Fitzgerald and Kimberley Porteous

A close look at some of the transactions included in the restructuring that the Luxembourg government agreed would be exempt from tax.

Excerpts from this story referencing "Mexico":

"… Luxembourg, and then, on the same day, moves them to another subsidiary in Mexico. Luxembourg officials determine that any capital gains on that property is …"

Luxembourg tax deals for Disney, Koch brothers empires revealed

By Alison Fitzgerald and Marina Walker Guevara

New leak discloses secret tax agreements between major American companies and Luxembourg.

Excerpts from this story referencing "Center for Responsive Politics":

"… publicans’ successful bid to gain control of the U.S. Senate.  The Center for Responsive Politics calculated that David Koch and his wife Julia contributed at lea …"

Investment managers top list of super PAC donors

By Rachael Marcus and Andrea Fuller

Hedge fund managers, other investors top donors by industry to super PACs.

Excerpts from this story referencing "Republican Jewish Coalition":

"… economic aid to Palestinians.Adelson shifted his financial support to the Republican Jewish Coalition, where he sits on the board. The politically active nonprofit has reported …"

FACT CHECK: Social Security scare tactics

By FactCheck.Org

Both campaigns make misleading claims about potential changes to Social Security

Excerpts from this story referencing "Tax":

"… posted a chart with the headline, “The Romney-Ryan plan: Raise Taxes on Middle-Class Seniors.” The chart purports to show how much more in …"

"… enefits by 58 percent. That comes from an analysis by the nonpartisan Tax Policy Center of “a revenue-neutral individual income Tax change th …"

"… , hasn’t said which Tax exclusions he would eliminate or reduce. So, the Tax Policy Center made some assumptions. Its analysis listed the partial exclu …"

"… president’s speech in Florida: “Biden Has Repeatedly Voted For Higher Taxes On Social Security Benefits,” with a link to the RNC website  …"

FACT CHECK: Obama’s ‘Boss’ Baloney

By FactCheck.Org

The Obama campaign is up with a "badly misleading

FACT CHECK: Truth about tax rate talking points

By FactCheck.Org

Despite common talking points, tax rates were actually at a 30-year low in 2008-2009 period.

Excerpts from this story referencing "Congress":

"… ell again in his first year in office.This news comes from the nonpartisan Congressional Budget Office, which just issued the latest update of its invaluable …"

"… began signing the tax cuts that are scheduled to expire next year (unless Congress extends them again).The all-household rate was 22.7 percent the year befor …"

"… r too low, or just right. That’s a matter of intense national debate.But Congress must act soon on taxes, or allow a large increase to take effect automatic …"

FACT CHECK: GPS's bogus tax attack against Obama

By FactCheck.Org

A new Crossroads GPS ad makes a completely unfounded claim on President Obama's tax plans.

Excerpts from this story referencing "Heritage Foundation":

"… g raised, the ad cites on screen an analysis by the conservative Heritage Foundation.But of the $503 billion in taxes listed by the Heritage document, $210 bil …"

FACT CHECK: Elizabeth Warren attacks GE's controversial tax practices

By FactCheck.Org

Massachusetts Senate candidate makes sweeping, inaccurate statement about corporate tax loopholes.

Excerpts from this story referencing "spokesman":

"… RS a check on April 15, 2010, covering your balance owed for 2009.GE chief spokesman Gary Sheffer told ProPublica: “We expect to have a small U.S. income tax …"

"… eturns. I don’t know where Warren gets her facts from.Andrew Williams, a spokesman for GE, told us via email that “there is a lot of misinformation out the …"

FACT CHECK: 'Fat Cats' ad not quite accurate on Buffett Rule

By FactCheck.Org

In advocating for Buffett Rule, MoveOn.org gives false impression of tax rates for the ultra-wealthy.

FACT CHECK: Warren Buffett's tax rate is an exception, not a rule

By FactCheck.Org

Most high-earning tax payers actually do pay a higher rate than the middle-class.

Excerpts from this story referencing "Congressional Budget Office":

"… liams, a senior fellow at the center who spent 22 years at the nonpartisan Congressional Budget Office, wrote that even without the Buffett Rule, only about 4,000 of t …"

"… ome rate to 39.6 percent, if the Bush tax cuts expire, as explained by the Congressional Budget Office’s analysis of the president’s budget.)“Some pay a lot of [ …"

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

Romney's small tax bill could be a big problem

By Corbin Hiar

The millionaire former venture capital partner pays an effective tax rate lower than a family earning less than $70,000

Excerpts from this story referencing "Bain Capital":

"… y told reporters in South Carolina Tuesday, when asked about his taxes.The Bain Capital founder and current GOP presidential front-runner has been under pressure …"

"… been referring to the lucrative retirement package he secured when he left Bain Capital, the private equity firm he helped found in 1984.Romney left Bain in early …"

Tax gift to the rich

By John Aloysius Farrell

How one loophole helps some wealthy Americans pay less taxes

Excerpts from this story referencing "Heritage Foundation":

"… Institution and the Urban Institute joined conservative scholars from the Heritage Foundation and the American Enterprise Institute. “The view that America is `the la …"

Senate committee finds most 'trapped' offshore income is already in U.S.

By John Aloysius Farrell

Senate committee finds most 'trapped' offshore income from Google, Microsoft already in U.S.

Bailed-out banks paid no income tax in some years, according to study

By John Dunbar and John Dunbar

New study shows bailed-out banks among those companies that paid no income tax at least one year

How an Obama fundraiser turned Oklahoma into a personal tax haven

By Bill Allison

How George Kaiser turned Oklahoma into his personal tax haven

Excerpts from this story referencing "natural gas":

"… loyees. The 1970s energy shocks that resulted in lines at gas stations and natural gas shortages proved to be a boon for the domestic oil and gas industry, and K …"

"… aiser built his company into Oklahoma's largest privately held producer of natural gas. At the peak of the oil boom, when a popular bumper sticker in the state r …"

FACT CHECK: Ad on billionaire's statement misses the facts

By FactCheck.Org

Tax burden is actually more equal than liberal advocacy group portrays in video campaign

Excerpts from this story referencing "Tax":

"… uld get a federal income Tax refund totaling $1,944, according to the Tax Foundation’s Tax calculator. Subtracting that from all the payroll Taxes …"

FACT CHECK: Obamas' tax rate not lower than the average teacher's

By FactCheck.Org

From every angle, the Obamas' tax rate was substantially higher than that of a teacher or firefighter

GAO says at least 3,700 stimulus recipients are delinquent on taxes

By Laurel Adams

Stimulus recipients who got $24 billion owe $750 million in taxes

Medical device industry lobbies IRS, Congress to dodge health law tax

By Joe Eaton

Device makers lobbying to get out from under tax imposed by health care reform law

Excerpts from this story referencing "Iowa":

"… nment affairs, is a former health policy advisor to Sen. Chuck Grassley, R-Iowa.Advamed association spent almost $1.5 million lobbying Congress on behalf …"

IRS not strict enough on fraudulent tax refunds to nonresident aliens

By Laurel Adams

The Internal Revenue Services needs to strengthen its review of tax refunds to nonresident aliens before they are sent out of the country, a

Excerpts from this story referencing "Government Accountability Office":

"… tside the country.Following are other new watchdog reports released by the Government Accountability Office (GAO), various federal Offices of Inspector General (OIG), and other gover …"

Stimulus tax credit may increase penalties

By Laurel Adams

The “Making Work Pay” tax credit, which increased take—home pay for workers, may result in 13.4 million people actually owing the government

More corporations pay less in taxes

By The Center for Public Integrity

Corporate tax payments accounted for 23 percent of all federal tax revenue in 1960. By 2007 that figure had dropped to just 14 percent

Excerpts from this story referencing "Internal Revenue Service":

"… ears ago) to write down a firm’s annual taxable profits. Lower levels of Internal Revenue Service (IRS) audits targeting large corporations have compounded the problem. Whi …"

Steve Forbes, cattle farmer

WASHINGTON, D.C. January 25, 2000 — Steve Forbes' signature line in his 2000 campaign is, "Steve Forbes: He wants you to win." But who's the

Excerpts from this story referencing "New Jersey":

"… al write-offs on their business expenses. On top of the federal tax break, New Jersey cattle farmers get a property tax break if they own at least five acres of …"

"… year. Which helps explain why Steve Forbes is in the cattle business. His New Jersey farm meets the state’s revenue test, with about $5,500 in yearly income, …"

Bradley was driving force behind biggest tax giveaway

January 6, 2000 — Democratic presidential candidate Bill Bradley laid out his plans for tax reform on Jan. 4, attacking corporate tax shelte

Excerpts from this story referencing "Senate":

"… butors, Bradley has apparently had a change of heart since his days in the Senate, when he was part of the greatest giveaway to special interests in the his …"

"… teele contacted every member of the House Ways and Means Committee and the Senate Finance Committee – of which Bradley was a member – asking for …"

"… f 1986 by saying that it was “one of my proudest achievements in the Senate.” …"