January 24, 2003 |
Pete Rose owes $151,690 in federal taxes from 1998, prompting the IRS to get a lien on his condominium in Los Angeles, the Cincinnati Enquirer reported in today's editions. California also filed a lien because Rose owed $2,772 in state taxes from 1997, but the money was later paid, according to the paper. Both liens were filed with the recorder's office in Los Angeles County, where Rose owns a $1 million condominium. Rose's accountant David Stern said the former Reds and Phillies star was not attempting to avoid taxes, but simply could not pay the entire amount owed when he filed his 1998 tax return.
October 17, 2012 |
As boss of a big, publicly traded industrial business, Peter McCausland , executive board chairman and former CEO of Radnor-based Airgas Inc. , has fought off buyout funds and other "private equity" investors trying to make money at his company's expense. He says it is awfully unfair that federal law lets those high-living fund managers pocket their multimillion-dollar fees, subject only to a 15 percent capital-gains tax, instead of the higher income and payroll taxes that Airgas's 14,000-plus employees - managers to truck drivers - have to pay. Early this year, McCausland, a Republican, sent letters decrying unfair, uneven federal taxes to his U.S. senators - Democrat Robert P. Casey and Republican Pat Toomey - among others in Congress.
July 20, 2012 |
THE FINANCIAL impact, Renee Amoore explained, was painful. Speaking Monday in LOVE Park for Mitt Romney's presidential campaign, Amoore said she was forced to lay off 200 of her 500 employees. The blame, Amoore said, fell on President Obama's handling of the economy — specifically, increases in federal taxes on payroll, health care and business. Something there sounded off-kilter. We'll come back to that. Amoore, deputy chairwoman of the Pennsylvania Republican Party for 16 years, was playing a leading role in Romney's efforts to shift the focus from his business record to Obama's time in the White House.
June 25, 2002 |
A partner in a Philadelphia specialty finance firm was fined $250,000 - more than 12 times what federal guidelines recommend - and sentenced to six months' house arrest yesterday by a judge who said the guidelines did not accurately reflect the scope of the tax-shelter fraud involved. U.S. District Judge Berle M. Schiller, in rejecting the recommended $20,000 fine, told James Delaney the larger fine was the only way he could deter wealthy businesspeople from trying to defraud the Internal Revenue Service.
October 16, 2010
Federal tax returns show Gov. Christie and his wife, a finance executive, earned $544,000 in gross income for 2009, a year he spent running for governor, and paid $147,000 in federal taxes. Christie's wife is a vice president of Cantor Fitzgerald, a financial services firm. Lt. Gov. Kim Guadagno and her husband paid $72,000 in federal taxes on $317,000 in gross income. Guadagno was Monmouth County sheriff. Her husband is a Superior Court judge. The Christies had requested a tax filing extension.
August 19, 1994 |
U.S. Sen. Frank R. Lautenberg, one of the richest members of the Senate, disclosed yesterday that he earned more than $18.2 million during the last six years and paid federal taxes of $5.3 million. On average, Lautenberg paid federal taxes equal to 29 percent of his taxable income. He also gave generously to charity - in some years donating more money to charitable causes than he paid in federal taxes. In 1993, for example, Lautenberg listed taxable income of $2.2 million, paid $756,013 in federal taxes and gave $809,488 to charity.
September 21, 2011 |
WASHINGTON - President Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are. "Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett. There is no justification for it," Obama said as he announced his deficit-reduction plan this week. "It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million.
June 13, 1987 |
Lottery officials said yesterday that they were still waiting for someone to claim the $20.3 million jackpot from Wednesday's Super 7 lottery drawing. A computer check showed that only one winning ticket had been sold. The ticket, containing seven of the 11 winning numbers, can be exchanged for the jackpot - the state's second-largest payoff on a single ticket. Lottery spokeswoman Terry Champlin said the winning person or group has one year from the drawing date to have the ticket validated and claim the prize.
March 14, 2000 |
Early retirement. A debt-free life. How about a private jet with 24-hour standby just for fun? Sigh. Lottery dreams remain just that for most players. But not for the Shemonski family of Montgomery County. Their reality has just turned a lot dreamier as holders of the only winning ticket to the $86 million Super 6 jackpot from the Dec. 1 drawing. The four-member family - parents Robert and Margaret, and sons Robert Jr. and Ken - will each receive a gross amount of $21,548,055.
October 21, 1987 |
The estranged wife of Donald R. Woomer Sr., co-winner of the $46 million lottery jackpot, said yesterday that she believes she is entitled to one- fourth of the fortune. Woomer does not quite see it that way. Woomer, 55, a self-employed plasterer from tiny Hollidaysburg in Blair County, split the world's largest-ever single lottery prize with Linda K. Despot, 37, with whom he has lived for the last five years. His wife of 36 years, Pauline Woomer, said she did not believe that she had a right to Despot's half of the Super 7 bonanza - just half of Woomer's winnings.