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A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candy, soft drinks, fast foods, coffee, sugar, gambling, and pornography. [1]
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010. [2]
Google Millionaire Begs Obama: 'Raise My Taxes' On Monday, in a town hall meeting in Mountain View, Calif., President Obama called on a seemingly-anonymous member of the audience to ask a question ...
President Barack Obama will call for new rules allowing business to deduct from their taxes through 2011 the full value of the purchase of equipment. The planned deductions are intended to ...
Listed below are executive orders numbered 13489–13764 and presidential memoranda signed by U.S. President Barack Obama (2009-2017). There are an additional 1186 presidential proclamations that are not included here, but some of which are on WikiSource. The signing statements made by Obama during his time in office have been archived here.
In 2009, the Obama Administration explored an excise tax on sweetened beverages during health care reform efforts. ... Sin tax; References ...
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