taxes

We certainly pay our share of taxes here in New York State but most of them are fairly standard, There are income taxes, sales taxes and taxes that are often disguised as "fees". Believe it or not it could be worse. Just think how much the boys in ZZ Top would have to pay if the old "beard tax" were still in play. Check out these bizarre taxes that were at one time levied on citizens in other parts of the world.

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April 15 is fast approaching and if you are still working on your tax forms the IRS has a number of helpful lat minute filing tips. Most of them involve double checking facts and figures but all are useful especially if you are racing the clock to make sure you submit your returns on time.

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We've all heard the argument about who is and who isn't paying their fair share of taxes. The news report from UPI that Facebook does not owe anything in taxes and is getting a $429 million refund is bound to stoke the fires of those saying that tax loopholes for the very wealthy need to be re-examined. How could a company with pre-tax earnings of over $1 billion not owe any taxes? All legal it seems.

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Derek Jeter's Florida $12 million mansion--nicknamed "St. Jetersburg" by neighbors-- was completed a year ago and now, according to the New York Daily News,  he's facing a property tax bill that would stagger anyone, even someone as wealthy as the Yankee shortstop. And just how much will his 2012 tax bill be for the 7-bedroom, 9-bath waterfront "bungalow"?

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The Internal Revenue Service has announced a delay in its tax return processing date. The original date of January 22 has been pushed back eight days to January 30. According to Forbes the returns of most taxpayers will be accepted as of that date with a few exceptions for those needing newly revised forms. As for your refund here's a tip for getting it sooner rather than later.

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Today is the deadline for filing your federal tax returns and if those returns weren't headache enough now comes word that it is also one of the most accident prone days of the year for drivers. Maybe it's the worrying about getting those returns down to post office in time or maybe it's just pre-occupation but, according to MSNBC, there is a 6% higher risk of being involved in a fatal accident on tax day than on any other comparable day. Experts say "pressure" is the most likely cause.

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As of April 1st, we taxpayers of New York State got a bit of a break. The state has reinstated the sales tax exemption on clothing purchases totalling under $110.

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Washington D.C has seen the "Million Man March" and the "Million Mom March" but chances are the city has never seen anything quite like the upcoming "Million Mustache March" scheduled for April 1. According to their website The American Mustache Institute is rallying their forces in hopes of passing "The STACHE Act" which would provide an annual tax deduction for mustache grooming expenditures. Think that's weird? Read on.

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There are sure to be more political fireworks in Washington this week as  Senate Democrats have proposed a new "Millionaires Tax" of 5% on individuals making over 1 million dollars a year.  On one hand the top 25% of taxpayers pay about 85% of total taxes . On the other hand the top 20% control about 85% of total wealth.

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If you are going to buy that big screen T.V. you have always wanted with money from your tax refund, you're not alone. According to a Capital One survey, 37 percent of people polled  say they are going to spend all or part of their refund.

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