
Representation Without Taxation: Study Says Most Corporations Avoid US Income Tax Two-thirds of US corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the US avoided corporate taxes over the same period. Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.
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Feeling guilty about that autographed box set of the third season of Lost you just scored on eBay. Think you can hide it and no one will know. Well thanks to the
big housing bailout bill signed by Bush (to "little fanfare") the quietness could be because of this little
sneaky addition buried deep inside:Your merchant bank will now be required to send a report to IRS and to you with your total annual gross payment card receipts.

Hookah pipes and the housing crisis. Oh yep, just stuff Congress is spending money on. I'm going to wager you probably don't remember the Great Depression — but Congress gave us a little romp through nostalgia this weekend by passing the
biggest rescue package since FDR sat in the Oval Office.

You might not be the only one who thinks a raise would be nice — the Secret Service has
requested an extra $9.5 million bucks to finish the job of protecting the presidential candidates. I know, everyone wants more money, right. Well this request seems pretty legit.

The craggy and wind-swept Aran Islands, found 10 miles off of the west coast of Ireland, could soon join the Cayman Islands as a shining, tax-free haven. With a declining population, a higher cost of living, and a remoteness from lifestyle treats like movie theaters,
a proposal to go tax free could encourage folks to come back.
One local thinks it's a lucky charm of an idea: "There are a lot of disadvantages because of distances and cost of living and travel — but this tax plan could be the reason for people to return here. And, for any island, even to get one family [back] home — it makes a huge difference."
Extra dough to spend could mean the survival of local culture and heritage, like this Aran Islands' family, seen here in 1969.