In Mustang, Oklahoma, a ninth-grader at Mustang Mid-High School used a cellphone to take a picture of substitute teacher who was sleeping in class. Later, the student was suspended for using a telecommunication device during the school day.
According to school officials, they will also look into the incident regarding the sleeping teacher.
Friday, January 27, 2012
Thursday, January 26, 2012
Bob Dole Throws Support to Romney and Blasts Gingrich
Bob Dole, former Republican nominee for president, threw his support behind Mitt Romney and said that Gingrich was "one-man-band who rarely took advice."
For Bob Dole's comments, click here.
Wednesday, January 25, 2012
State of the Union Address: Same Tune from the President
The Republican National Committee compiled a video comparing President Obama's previous State of the Union Addresses to the one given last night.
US Citizens Abroad Giving Up their Citizenship over Tax Code
In its 2011 Annual Report to Congress, the National Taxpayer Advocate pointed out that more and more Americans working abroad are deciding to give up their citizenship rather than trying to figure out the IRS code.
On page 17 of the report, it states the following:
Many U.S. taxpayers abroad are confused by the complex legal and reporting requirements they face and are overwhelmed by the prospect of having to comply with them. Some are even renouncing their U.S. citizenship for that reason; about 4,000 people did so in fiscal years (FYs) 2005 to 2010. Renunciations increased more than tenfold from 146 in FY 2008 to 1,534 in FY 2010, with 1,024 renunciations in the first two quarters of FY 2011 alone. IRS Publication 4732, Federal Tax Information for U.S. Taxpayers Living Abroad, illustrates the complexity of the filing requirements. It refers to at least eight other relevant IRS publications, totaling 563 pages, and the additional documents referred to by these other publications include 4,727 pages of instructions, 667 pages of forms, and another 1,928 pages of form instructions, or 7,322 total pages. Finally, a recent IRS study of taxpayer needs and preferences showed that international taxpayers may have a “greater current need for IRS services than the general taxpayer population,” and another IRS study identified nine international locations that warranted serious consideration for expansion of tax attaché offices.
1,024 last year alone chose to give up their US citizenship due to the complexity of the tax code.
On page 17 of the report, it states the following:
Many U.S. taxpayers abroad are confused by the complex legal and reporting requirements they face and are overwhelmed by the prospect of having to comply with them. Some are even renouncing their U.S. citizenship for that reason; about 4,000 people did so in fiscal years (FYs) 2005 to 2010. Renunciations increased more than tenfold from 146 in FY 2008 to 1,534 in FY 2010, with 1,024 renunciations in the first two quarters of FY 2011 alone. IRS Publication 4732, Federal Tax Information for U.S. Taxpayers Living Abroad, illustrates the complexity of the filing requirements. It refers to at least eight other relevant IRS publications, totaling 563 pages, and the additional documents referred to by these other publications include 4,727 pages of instructions, 667 pages of forms, and another 1,928 pages of form instructions, or 7,322 total pages. Finally, a recent IRS study of taxpayer needs and preferences showed that international taxpayers may have a “greater current need for IRS services than the general taxpayer population,” and another IRS study identified nine international locations that warranted serious consideration for expansion of tax attaché offices.
1,024 last year alone chose to give up their US citizenship due to the complexity of the tax code.
Tuesday, January 24, 2012
Under Obama, Prices have Jumped
Under the Obama administration, the price of basic items have gone up.
Other items have gone as well. Milk and eggs have fluctuated in price, but have gone up overall.
Although some will argue that the global economy has been rough and it is only now that it is picking up a bit, it still hurts at the pump and checkout for most Americans.
- Gasoline up by 83%
- Ground beef up by 24%
- Bacon up by 22%
- Whole wheat bread up by 5%
- Ice cream up by 19%
Other items have gone as well. Milk and eggs have fluctuated in price, but have gone up overall.
Although some will argue that the global economy has been rough and it is only now that it is picking up a bit, it still hurts at the pump and checkout for most Americans.
Monday, January 23, 2012
CEOs at Fannie and Freddie Get a Pay Cut
The next CEOs of Fannie Mae and Freddie Mac, the government-run housing finance companies, will not be getting large salaries. The current CEOs, who will be leaving later this year, receive an annual compensation packages close to $7 million for 2011.
The pay package for the future executives will be far less than the multi-million dollar deals. Both CEOs earn an annual base salary of $900,000. In addition to that, each will take about $6 million more in deferred pay and bonuses.
Both companies have received taxpayer aid totaling more than $169 billion.
The pay package for the future executives will be far less than the multi-million dollar deals. Both CEOs earn an annual base salary of $900,000. In addition to that, each will take about $6 million more in deferred pay and bonuses.
Both companies have received taxpayer aid totaling more than $169 billion.
Sunday, January 22, 2012
US Representative Gabrielle Giffords Will Step Down from Congress This Week
U.S. Rep. Gabrielle Giffords will step down from Congress this week to continue her recovery from a gunshot wound inflicted a year ago this month.
“I have more work to do on my recovery, so to do what is best for Arizona, I will step down this week,” the congresswoman said in a video message released today to her constituents.
Giffords, a third-generation Arizonan who served five years in the state Legislature before being elected to the U.S. House of Representatives in November 2006, will not seek re-election this fall.
But Giffords vowed that her career in public service has not come to an end.
“I will return and we will work together for Arizona and this great country,” she said.
In the two-minute video, Giffords looked back on her career and urged her colleagues in Congress to continue her practice of working across party lines for the good of the country.
For the full press release, click here to visit her site.
For the full press release, click here to visit her site.
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