taxes

White House Web page shows you where your tax dollars go

Wondering what Uncle Sam does with your hard-earned tax dollars? The White House's Taxpayer Receipt page has been updated for 2011 to help answer that question.

To get started you'll need to enter the social security tax, medicare tax, and income tax that you paid for 2011. If that information isn't handy, you can estimate by choosing from a range of households and incomes, such as single with no children, married with one child, or married with two children.

In return, the site displays how much you doled out in tax dollars to the Fed for last … Read more

Politicians, retailers push for new Internet sales taxes

If you think you paid the government enough in taxes this year, think again. An alliance of state and federal politicians, with the assistance of deep-pocketed big-box retailers, is hoping to lighten your wallet by levying new Internet sales taxes.

Their plan: to convince the U.S. Congress to approve a law that would allow states to force Amazon.com, Overstock.com, Blue Nile, and other online-only retailers to collect sales taxes from out-of-state customers.

So far, they've had little success. But a state government budget shortfall estimated to total around $50 billion next fiscal year, coupled with accelerated … Read more

Brazilian city names street 'Steve Jobs Avenue'

The small Brazilian city of Jundiai is one step ahead of Cupertino in paying tribute to Apple's late co-founder and CEO Steve Jobs. Jundiai's city council officially announced that one of its street is being renamed "Steve Jobs Avenue," according to Cult of Mac.

The avenue is the route that connects the small city to Brazil's largest city -- Sao Paulo. It also houses the proposed new address for Taiwanese-owned Foxconn's new iPad manufacturing factory. Nearby Sao Paulo is where Foxconn just opened a facility to produce iPhones.

Jundiai's city council presented the … Read more

Americans turned to tax sites in droves in February

The U.S. tax season still has a few more days to go before it's over (for punctual filers anyway), but it appears many Americans have already done most of the work needed to file their personal financials.

Research firm Nielsen today released its findings on tax-related-site usage during the busy season. Not surprisingly, given past history, February was the most active site among Americans, with one-quarter of all U.S.-based Web users heading over to tax-related sites. All told, the 53 million Americans who went to tax sites in February viewed more than 1.4 billion pages.… Read more

Apple accused of tax-dodging in the U.K.

Apple is avoiding paying the full amount of U.K. taxes it owes for the last financial year, alleges a British news report in the Daily Mail today.

The report says that Apple earned 6 billion pounds (roughly $9.5 billion) but paid only 10 million pounds (around $16 million) in taxes -- which is far below the standard in the U.K.

The news source gathered documents from Apple's retail divisions in 2010 that show the company also paid less that year than is typical for a business selling products in the U.K. These documents show that … Read more

Want to lower your cell phone tax rate? Consider moving

Death and taxes are the only thing certain in this life. And when it comes to cell phone taxes, the fees just keep climbing.

Most wireless subscribers are annoyed by the extra taxes and fees slapped onto their monthly wireless bills. But few likely realize how different the rates can be based upon where they live. Not only can states impose taxes on wireless service, but so can local governments. And many do.

In this edition of Ask Maggie, I explain how simply moving to a new part of the country can lower a subscriber's cell phone tax rate, … Read more

The 404 1,025: Where hey, you gonna finish that dime? (podcast)

Be extra careful on the Internet if you live in Arizona, the local legislators may soon make it a Class 3 felony to be a "troll."

House Bill 2549 has already made its way through both houses and is waiting for the signature of Governor Jan Brewer. If passed, a minimum sentence of 2.5 years will be handed down to non-dangerous offenders that use any electronic device in a lews or lascivious act." Head over to Governor Brewer's Facebook page and send a message of protest!… Read more

GM reacts to state of Washington's proposed EV surtax

The Washington State Senate last month passed a bill that would charge electric car owners $100 per year to compensate for not paying gas taxes.

In response, GM Director of Government Affairs Hal Lenox sent a letter to Washington Gov. Chris Gregorie asking the surtax be removed, calling the bill "unfair."

If signed into law, the tax would only apply to owners of the all-electric vehicles. The bill excludes vehicles like the Chevrolet Volt, which can run part of the time on gas. Still, GM spoke out against it.

GM officials say that because of the high cost … Read more

Get a jump on your taxes with these TurboTax-powered apps

Sorry to burst your bubble, folks, but it is fully tax season. So, if you haven't gotten your W-2s, 1099s, and 1040s all compiled and organized, you'd best get moving.

In any case, here are a few tax apps that you should check out, no matter where you are in the tedious filing process. Download them and enjoy. They will definitely make your life a bit easier. And who knows? They might even make your tax-filing experience fun! Maybe.

TaxCaster (Android | iOS) If you're not quite ready to file, but you want to see what your return … Read more

TurboTax is as simple as ever

For the past several years, TurboTax has impressed us with its clear language and simple step-by-step tax prep, and Intuit's offering for the 2011 tax year is no exception. Whether you're an experienced taxpayer or you're fairly new to the system, TurboTax can help you file.

The first thing I should point out is that TurboTax comes in four versions--Basic, Deluxe, Premier, and Home & Business--each of which offers both an online prep option or a software download. All of the online apps let you start a single e-file for free, while the downloads cost a bit … Read more