House Dems want to tax the rich for health care - AP - 2 minutes ago
Key House Democrats decided Friday to raise taxes on the wealthy to help pay for health care legislation, at the same time they sought to quell concerns among moderate and conservative lawmakers about other elements of the bill atop President Barack Obama's domestic agenda.

Federal jury rejects Altria's tax shelter claim - AP - 17 minutes ago
A federal jury has rejected a $24 million tax refund claim filed by tobacco company Altria Group Inc. The IRS challenged tax deductions the Richmond, Va.-based company made in 1996 and 1997 in connection with leveraged lease transactions.

Panel: Banks underpaying gov't to exit bailout - AP - 48 minutes ago
The Treasury Department is selling its financial stakes in bailed-out banks for one-third less than they are worth, potentially shorting taxpayers up to $2.7 billion, a bipartisan congressional watchdog said Friday.

Wisconsin touts new economic development programs - AP - 57 minutes ago
Wisconsin came up empty in the competition to land a new General Motors Corp. car plant, but tax breaks that were a part of the state's pitch may end up helping other businesses stay or expand.

Death and taxes: Big IRS bill looms for MJ estate - AP - 1 hour, 29 minutes ago
The Tax Man is in the mirror for the estate of the late King of Pop. Creditors and heirs of Michael Jackson hoping for a cut of his musical empire will have to line up with the Internal Revenue Service, which could lay claim to $80 million or more in federal estate taxes.

Death and taxes: Big tax bill looms for MJ estate - AP - 1 hour, 32 minutes ago
The Tax Man is in the mirror for the estate of the late King of Pop. Creditors and heirs of Michael Jackson hoping for a cut of his musical empire will have to line up with the federal tax authorities, which could lay claim to $80 million or more in federal estate taxes.

Finance 101: Estate tax hits few ordinary people - AP - 2 hours, 46 minutes ago
As attention turns from Michael Jackson's death to the complex estate the pop icon left behind, experts are sorting through his holdings and putting price tags on their value -- with an eye on the tax bill they will generate.