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Woman Auctions Virginity, Germany to Tax Her 69 Percent
Wow. And we complain about high taxes in the US!
Romanian-born Alina Percea, 18, auctioned off her virginity to an Italian businessman (for only $18,000!) and now she's facing some pretty stiff taxes in Germany where she goes to school — 50 percent straight away because they're deeming her act prostitution (legal there) and then a 19 percent VAT (value added tax) because she earned her money so quickly!
10 Protest Posters From Yesterday's Tea Bagging Affair
Thousands of Americans gathered yesterday to rally against government spending and higher taxes. Young and old alike held homemade signs at the tea bagging party (that's right, I said tea bagging) to express their unhappiness with the Obama administration. As for the signs?
Picture It: Tax Day Now Tea Party Day/Halloween!
A father and son dressed in patriotic costumes join in a tea party demonstration in Lafayette Park across from the White House.
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US Tries to Smoke Out Tobacco With Largest Tax Increase Ever
Yesterday anyone who bought a pack of smokes found their wallet a little lighter. The federal tax on cigarettes jumped 62 cents, the largest tobacco tax increase in history.
Smoking is proving to be a pricey habit, especially in places like New York City.
Newspaper Revitalization Act: Tax Breaks, No Endorsements
The Newspaper Revitalization Act would classify newspapers as nonprofits with educational purposes. That sounds about right — papers seem incapable of being profitable, but they do report a bunch of educational information. The bill could be what papers need to survive.
Tax Season Reminds Gay Couples That They Lack Rights
Married same-sex couples in Massachusetts live in a state that recognizes their unions. But in the eyes of the US government, they're still bachelors, or bachelorettes.
Mary Ritchie and her spouse Kathleen Bush have been legally married for five years.
Details of Obama's Budget: A Tax and Don't Spend Democrat?
Putting yourself on a budget isn't the most exciting thing to do, but when it comes to President Obama's first federal budget the details inspire hot debate. The final outline is yet to come, but Obama plans on cutting the federal deficit in half by the end of his term. The money will come from higher taxes on businesses and wealthy Americans, and much of it won't be spent in Iraq and Afghanistan, as the president plans to slash spending on the wars.
Tom Daschle Withdraws His Nomination For HHS Secretary
Tom Daschle has withdrawn his nomination for secretary of Health and Human Services after his failure to pay substantial taxes came to light. The former Senate majority leader did not pay $128,000 in taxes for a car service provided to him by a firm he did consulting for between 2005 and 2007. Daschle reported the unpaid taxes after being tapped for HHS secretary, and on Jan.
Does Calling Obama a Socialist Cross the Line?
In 2001 John McCain voted against the Bush tax cuts, part of which Barack Obama now wants to let expire (while keeping some in place). In 2000, McCain shared a take on the progressive tax system, which deviates from the one he has now. He confronted a question from the daughter of "Joe the Doctor" who asked McCain at a 2000 townhall: "Why is it that someone like my father, who goes to school for 13 years, gets penalized in a huge tax bracket because he's a doctor?"
Bailed-Out Companies Expensing Perks to the Taxpayer?
Apparently there's a lot of cash to go around at insurance company AIG, which makes a lot of sense considering the US government cut the failing giant an $85 billion bailout check. In fact, since Sept. 16, AIG has received $123 billion in loans from the Federal Reserve.
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