Earning their paycheck

by on November 22, 2010 at 12:41 pm

Senate Finance Committee Chairman Max Baucus (D., Mont.) plans to propose renewing a slate of tax breaks that have expired or are about to expire, Senate Democratic aides said.

Included are popular items such as a measure protecting millions of middle-class taxpayers from the alternative minimum tax, as well as a college-tuition tax break. The proposal also includes dozens of corporate-tax reductions benefiting specific industries and companies.

via Routine Extension of Tax Breaks Poses Test of Deficit-Cutting Resolve – WSJ.com.

in IRS Updates

1 Comment

  • Aksesoris


    They do pay federal inocme tax because it is still a job; a job is job government related or not. It is still a source of inocme that is taxable and so they must pay inocme tax as well as any other taxes required by the IRS and the government. Being a part of the system does not exclude you from your taxes.

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