V. C. Nation: Entrepreneurs Defend a Tax Benefit Despite a Dubious Congress
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The venture capital industry is worried that a proposed increase in taxes on carried interest would hurt their ability to fund start-up companies.
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WASHINGTON -- Representative Edward J. Markey, who has been touting a bill to keep thousands of data-entry jobs generated by healthcare companies from going overseas, ran into a spirited opponent between the sushi boat and the open bar at an inaugural party last month: Jonathan S. Bush, the Waltham healthcare entrepreneur and President Bush's cousin.
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A 1999 law promised to give entrepreneurial veterans a boost. The service could be better.
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At a House hearing in Washington, polticians debated whether or not to renew the ban on taxing net access. Opponents say its original purpose, to spur net usage, has long been accomplished.
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A series of tax law experts weigh in on whether the transfer of virtual goods in online games is taxable.
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People often shrug off the government&#39;s interference into private business because they believe it doesn&#39;t affect them. Many even believe that business is inherently evil, profit-driven and cannot be trusted to do the right thing for its customers.
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The looming political battle over how to reform the tangled U.S. income tax code could get ugly. But one option, a tax aimed at boosting savings, holds promise.
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When Reps. Shelley Moore Capito (R-W.Va.) and Chris Van Hollen (D-Md.) teamed up in September to get the House to pass an amendment blocking the use of private companies to collect back taxes from delinquent taxpayers, it seemed the Bush administration plan might be doomed for at least a year.
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American public companies are betting billions on tax breaks that may not work out.
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Cheating on both capital gains and estate taxes is widespread because Congress does not require proof of the cost paid for many investments, a new study shows.
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Compiling a small business income tax return is rarely a pleasant experience, but for those company owners who have neglected their finances for the past year, it can be torture.
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Skeptical economists and a worried public question whether the rebates for more than 130 million Americans and tax breaks for businesses will be quick enough or effective enough to avert a recession
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It's not like a business group to oppose the largest possible tax breaks for its members. But when it comes to sweetening a minimum wage bill with small business tax relief, the U.S. Chamber of Commerce is backing a House proposal that is a fraction of the size of a tax package passed by the Senate.
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The venture capital industry is worried that a proposed increase in taxes on carried interest would hurt their ability to finance start-up companies.
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Congress wants you to save, not spend, your tax refund. So why did it lay so many traps?
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The looming political battle over how to reform the tangled US income tax code could get ugly. But one option, a tax aimed at boosting savings, holds promise.
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Weighing the benefits of tax-free growth with the pain of locking in your money.