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401(K) 2012, Flickr
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Higher Taxes and Higher Prices Are Coming in 2013 — Dollars and Sense

Regardless of the American economy’s checkered enthusiasm, it appears as if consumers are currently aboard the fast track to higher taxes and rising prices on things like health care and grocery items scheduled to come around at the turn of the new year.

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Tim Boyle, Getty Images
Tim Boyle, Getty Images
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Should Olympic Medalists Have to Pay Taxes on Their Winnings? [POLL]

Olympics medals aren’t worth much, so it may surprise you to know that medalists also get stuck with a hefty tax bill.

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Category: Sports Tags: ,
aurelijus, flickr
aurelijus, flickr
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New Bill Would Force Online Retailers to Collect Sales Tax — Dollars and Sense

Online shoppers often cite the convenience of purchasing items from web retailers like Amazon, but another perk to cyber shopping is that buyers often don’t have to pay sales tax. Thanks to a congressional bill, though, that could soon change.

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lanier67, Flickr
lanier67, Flickr
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California Mulls a $1 Tax on Cigarettes — Do You Support the Idea? [VIDEO]

Some people really like to smoke, while most who do are simply addicted to nicotine and can’t stop. And then there are those who hate cigarettes, smokers, smoke and the smell that comes with smoking, not to mention the enormous health problems and financial costs associated with this vice.

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Category: Economy, Politics Tags: ,
Courtesy of Ginny Hopkins
Courtesy of Ginny Hopkins
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Waitress Returns $400,000 Tax Refund

Virginia Hopkins was looking forward to getting her tax refund. And why wouldn’t she be, as Uncle Sam owed the waitress from Cleveland $754.

When she finally received her letter from the IRS, she tour it open and then got the shock of her life. Hopkins was staring at a check for $434,712.

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Category: National News, Weird News Tags:
by mary thompson, flickr
by mary thompson, flickr
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Americans Would Rather Deal with the Agony of Doing Taxes Than Make Healthy Food Choices

Which do you think is easier — doing your own taxes or trying to figure out how to make healthy sections in your diet?

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Category: Food, Health Tags:
Justin Sullivan/Getty
Justin Sullivan/Getty
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Australian Council Considers Crazy 400 Percent ‘Fat Tax’ Against Fast Food Joints [VIDEO]

As part of an effort to fight obesity, Darebin Council in northern Melbourne, Australia, is considering a “fat tax” which would impose whopping rate increases on fast food giants like McDonald’s and KFC.

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Category: Food, World News Tags:
perspective, Flickr
perspective, Flickr
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Have Higher Cigarette Taxes Driven People to Smoke Pipes and Cigars? — Dollars and Sense

Three years ago, a federal act meant to help reduce the number of people who smoke greatly increased the tax rates for cigarettes, roll-your-own tobacco, and small cigars, counting on the fact that making smoking more expensive would prompt people to quit.

And while it may have caused some to do so, the move had an unintended effect: sales of pipe tobacco and large cigars, which aren’t taxed quite as harshly, have boomed.

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Category: Economy Tags: ,

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