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From the monthly archives:

January 2012

Reuters: Obama Welcomes Jobs Data, Urges Payroll Tax Cut

by taxnick on January 6, 2012

President Barack Obama welcomed a stronger than expected December unemployment report on Friday and urged Congress to extend a payroll tax cut until the end of 2012 to help the country’s economic recovery maintain momentum.
“We’re making progress. We’re moving in the right direction. And one of the reasons for this is the tax cut for [...]

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IRS: $385 Billion Unpaid Taxes in ’06

by taxnick on January 6, 2012

The Internal Revenue Service estimates that U.S. companies and individuals failed to pay $385 billion in taxes they owed in 2006, an increase from $290 billion five years earlier.
The agency said the rate of compliance remained almost unchanged at 85.5 percent, down slightly from 86.3 percent in 2001. The IRS announcement today is the first [...]

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