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U.S. House tax chief says he'll pay owed taxes (Reuters via Yahoo! News) The powerful head of the tax policy committee in the House of Representatives said on Wednesday he will pay several thousand dollars in back taxes on investment income from a villa he owns in the Dominican Republic. Rangel tries to explain taxes on Dominican Villa (Seattle Times) U.S. Rep. Charles Rangel, D-N.Y., said Wednesday that "cultural and language barriers" had hindered him from understanding the finances of his Dominican Republic beach house, and he vowed to repay several thousand dollars in federal taxes he owes after failing to report $75,000 in rental income from the villa. Obama And McCain Plans For Income Taxes (CBS News) In the first installment of "Where They Stand," Anthony Mason takes an in-depth look at each of the candidates' plans for personal income tax - and how each could affect your wallet. Pharmed brothers: We're sorry (Miami Herald) Carlos and Jorge de Céspedes, owners of bankrupt medical distribution firm Pharmed, pleaded guilty Friday to one count of conspiracy to commit fraud and one count of evading personal income taxes. Rangel admits owing taxes on rental income (The Record) WASHINGTON - Rep. Charles Rangel, the head of the House tax-writing committee, admitted Wednesday that he owes about $5,000 to the Internal Revenue Service for failing to report income on his returns. City looking at raising taxes during budget deliberations (Kitchener - Waterloo Record) CAMBRIDGE (Sep 13, 2008) -- The city's share of property taxes is predicted to jump 6.77 per cent in 2009 to maintain services at 2008 levels. Treasurer Steve Fairweather said the increased is due to reduced investment income, contractual pay boosts for city workers and general inflation of 3.1 per cent. Council considers the 2009 budget target Monday but won't set the tax rate until March. ... Rangel admits taxes not paid on rental income (AM New York) Rep. Charles Rangel -- the powerful lawmaker besieged by questions about his personal finances -- has admitted he owes $5,000 to the IRS for mistakes on his taxes. New taxes off the table? (The Sacramento Bee) Senate President Pro Tem Don Perata told his Democratic caucus Friday that he and Gov. Arnold Schwarzenegger are willing to back off on demands for new taxes to end California's 75-day-long budget stalemate. A-C selects firm to collect taxes for district ... (Lebanon Daily News) ANNVILLE ? The Annville-Cleona school board last night voted unanimously to appoint Keystone Municipal Collections to collect taxes for the Lebanon County Earned Income Tax Bureau. Rangel Owes U.S. Back Taxes, Lawyer Says (New York Times) Representative Charles B. Rangel failed to pay an unspecified amount in federal taxes on rental income, his lawyer said. |
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