Taxes

7:57am

Tue May 7, 2013
Politics

Tax Breaks For Low-Income Coloradans Face Uncertainty

Creative Commons

Colorado is a step closer to giving low-income families some guaranteed tax breaks. With less than two days left in the legislative session, it’s far from a done deal.

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5:35pm

Mon May 6, 2013
The Two-Way

Singer Lauryn Hill Sentenced To Three Months For Tax Evasion

Lauryn Hill departs the court on Monday in Newark, New Jersey.
Dave Kotinsky Getty Images

Grammy-winning singer Lauryn Hill will spend three months in jail for failing to pay income tax on about $1.8 million in earnings.

Hill, 37, pleaded guilty last year to three counts of tax evasion. She was sentenced on Monday.

The Associated Press reports:

"During a forceful statement to the judge, Hill explained she had always meant to eventually pay the taxes but was unable to during a period of time when she dropped out of the music business.

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4:02pm

Mon May 6, 2013
Business

Some Net Retailers Aren't Buying Online Sales Tax Proposal

Originally published on Mon May 6, 2013 7:00 pm

The Senate on Monday approved a bill to allow states to collect sales taxes from online retailers. Proponents say sellers will get help navigating tax collection, but many retailers says complying will be burdensome and opens the door for unforeseen problems.
iStockphoto.com

Congress is considering a bill that would allow states to collect sales taxes from online retailers. Proponents say a law is necessary to level the playing field with brick-and-mortar stores and to raise revenue for states.

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11:57am

Mon May 6, 2013
The Two-Way

Senate Approves Online Sales Tax Bill

Originally published on Mon May 6, 2013 5:24 pm

Supporters of the Marketplace Fairness Act say it will level the playing field between online retailers and traditional brick-and-mortar stores.
Mike Coppola Getty Images for eBay

Update at 7:00 p.m.:

The Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, The Associated Press reports.

Here's our original post:

The Senate is expected to approve a measure on Monday that would end tax-free shopping for online purchases, a move that concerns many e-retailers but has the support of the states that stand to collect billions in previously lost revenues.

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4:05pm

Thu April 25, 2013
It's All Politics

Max Baucus Says He Was Montana's 'Hired Hand' On Gun Vote

Originally published on Thu April 25, 2013 6:16 pm

Sen. Max Baucus, D-Mont., is trailed by reporters Monday on Capitol Hill after announcing that he'll retire in 2014.
Mark Wilson Getty Images

Longtime Democratic Sen. Max Baucus of Montana announced this week that he would not seek re-election next year, ending four decades in Congress and leaving as chairman of the powerful Senate Finance Committee.

NPR's Robert Siegel spoke with Baucus Thursday about his recent vote against expanded gun background checks, his role in negotiations over President Obama's health care legislation, efforts to remake tax policy, and the legions of his former staffers now populating lobbying shops.

Background Checks

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