| The 'Mother of All Tax Bills' (BusinessWeek Online) |
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BusinessWeek Online - It's being called the "Mother of All Tax Bills" on Capitol Hill, and it might just set off the mother of all battles within the business community next year. House Ways & Means Committee Chairman Charles Rangel (D-N.Y.) unveiled a long-awaited tax proposal on the morning of Oct. 25 that featured a two-pronged assault on the tax code. For companies, Rangel's plan would lower the top corporate tax rate from 35% to 30.5%. ... Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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