Taxes
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IRS director of tax exempt organizations Lois Lerner invoked her 5th Amendment rights and was dismissed from the hearing today. Gov. Tom Corbett (R-PA); Joseph diGenova, Former U.S. Attorney; and Austan Gooslbee, Chicago Booth School of Business, discuss.
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CAIRO, Dec 26- Egypt's government will not implement a series of planned tax increases until it completes a dialogue with different parts of society, Al-Mal newspaper has quoted Planning Minister Ashraf al-Araby as reaffirming. The unpopular measures are deemed necessary to secure $4.8 billion Egypt is seeking from the International Monetary Fund.
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*President Obama on vacation in Hawaii. WASHINGTON, Dec 24- With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year's Day.
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*President Obama on vacation in Hawaii. WASHINGTON, Dec 24- With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year's Day.
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BRASILIA, Dec 24- Brazil's government said on Monday it would raise the statutory monthly minimum wage by an above-inflation 9 percent to 678 reais a month, a rise that comes at the end of a year of tepid economic growth. They must still be formally approved by Congress.
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Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled.
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What to watch ahead of the market open, with Art Cashin, UBS. "We're watching for little signs, like will the Treasury ask companies to change their withholdings," he explains.
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Discussing the state of the U.S. markets amid concerns over reaching a fiscal cliff deal before its deadline, with CNBC's Rick Santelli and Scott Nations of NationsShares.
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Experts say there are ways to fix Social Security. Politicians just may not like trying to sell those changes to the American people. NBCNews reports.
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Former Italian Prime Minister Silvio Berlusconi says he will run for Italian PM if the party asks him to, and that he has been sentenced to four years in prison due to tax fraud, reports CNBC's Michelle Caruso-Cabrera.
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How difficult could the first 6 months of 2013 be if the U.S. goes over the fiscal cliff? Jason Trennert, Strategas Research Partners, weighs in. "I didn't think there was a chance we would go over, until the last couple of days," he says.
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Forecasting the market action for the holiday week ahead, with Yra Harris, Praxis Trading.
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ATHENS, Dec 24- Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.
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Bill Gross has devised four ways individuals can beat the “wealth tax” –- i.e. higher dividends and capital gains. In an interview with The Daily Ticker he outlines his proposals.
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With no deal on January 1st, your taxes are going up, with Mark Tepper, Strategic Wealth Partners; Dean Baker, Center for Economic & Policy Research; and Dan Mitchell, Cato Institute.
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The threat of across-the-board government spending cuts and tax increases- about $600 billion worth- was intended to shock the Democratic-led White House and Senate and the Republican-led House into moving past their many differences to approve a plan that would bring tax relief to most Americans and curb runaway federal spending.
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New year's revelers could wake up to a hangover of a different sort: new regulations totaling more than 400 across the country.
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The U.S. House of Representatives' rejection of a bill to raise taxes on just 0.18 percent of Americans- those making more than $1 million a year- has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming "fiscal cliff."
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The U.S. House of Representatives' rejection of a bill to raise taxes on just 0.18 percent of Americans- those making more than $1 million a year- has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming "fiscal cliff."
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"We have to find a way to address the spending problem," said House Speaker Boehner, in a press conference on facing the nation's looming "fiscal cliff."
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WASHINGTON, Dec 21- U.S. House of Representatives Speaker John Boehner said on Friday that congressional leaders and President Barack Obama must try to move on from House Republicans' failed tax plan and work together to resolve the looming U.S. "