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income tax

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    Report: Legal loophole allows GM to avoid paying federal taxes... still
    1336397280

    The United States tax code will never be accused of being simple or easy to comprehend. With a tangle of exceptions and loopholes, individuals and corporations can work their way around paying their full income tax rate with ease. According to The Detroit News, General Motors continues to avoid ...

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    REPORT: Dealers may have to pay taxes on Cash for Clunkers rebates
    1248782400

    Nothing is ever as simple as it seems. One prime example is the government's newly minted "Cash for Clunkers" program, or CARS (Car Allowance Rebate System) that launched yesterday. As the rebate program kicks into gear, dealers that are hoping to cash in are facing a new worry. But according to ...

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