October 9th, 2009 by B
Photographer: Jeremy Botter
For service performed after December 31, 2008, members of the military will not have to pay employment taxes. The Treasury will pay the Social Security Trust Fund for the reduction in transfers. H.R. 3707 was referred to the Committee on Ways and Means.
September 28th, 2009 by B
Author: Adam Radosavljevic
A employee or former employee of a TARP recipient will pay a 90 percent tax of the TARP bonus received if the individual made an adjusted gross income of $250,000. H.R. 1586 was referred to the Senate.
September 19th, 2009 by B
Photographer: a_kartha
Certain newspapers will be able to qualify as tax exempt if the following applies: the published newspaper contains local, national, or international news stories in which the public takes an interest; the newspaper is educational; the newspaper content follows methods which are “education in nature.” Newspapers will still be able to generate income from advertisers so long as the advertisements do not take up more space than the educational content. Essentially, under this bill, most newspapers will not have to pay taxes but will become tax exempt. H.R. 3602 was referred to the Committee on Ways and Means.
September 2nd, 2009 by B
Author: Vintsik
A tax deduction equal to what an owner paid for pet care, such as veterinarian care up to $3,500, may be claimed on taxes. H.R. 3501 was referred to the Committee on Ways and Means.
August 6th, 2009 by B
Photographer: losiek
This resolution expresses to Congress the option to stray from using an insurance plan or tax payer funds to provide an abortion within a health care reform package. H.Con.Res. 169 was referred to the Committee on Energy and Commerce
August 5th, 2009 by B
Currently, 50 percent of a meal and entertainment expenses are given a tax deduction. This bill would change the tax deduction from 50 percent of the meal to 75 percent this year, and 80 percent in 2010. H.R. 3333 as referred to the Committee on Ways and Means.
August 3rd, 2009 by B
The Secretary of Treasury will establish the Road User Fee Pilot Project to study different ways of taxing fuels in vehicles. The main focus of the project will be to find ways to record and report ‘the number of miles traveled by particular vehicles.’ A total of $150 million will be given in grants to technology and commercial manufacturers, along with higher learning institutions, to fulfill this project. An amount of $4.5 million will be used for what is deemed necessary. The H.R. 3311 was referred to the Committee on Ways and Means, the Committee on Transportation and Infrastructure, the Committee on Energy and Commerce, and the Committee on Science and Technology.
August 1st, 2009 by B
Photographer: anissat
If an individual of the armed forces dies in combat, a $5,000 deduction on the child will be given to the spouse. H.R. 3267 was referred to the Committee on Ways and Means.
July 31st, 2009 by B
Photographer: doug wilson
Vehicle donations to certain organization for a tax exemption may be suspended. Under this bill, if an organization’s employees maintain donated vehicles, or if a third party such as a mechanic is not used, or if twenty percent of the annual net proceeds from the vehicles does not go toward these third parties, then the organization will not be able to accept vehicles for donations with a tax exemption. H.R. 3248 was referred to the Committee on Ways and Means.
July 25th, 2009 by B
Photographer: lusi
This bill will eliminate tariffs from being placed on certain recreational outdoor clothing which is imported into the United States. S. 1439 was referred to the Senate Committee on Finance.
