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Shutdown cost economy $11 billion but effects shouldn't last, economists say

Once the government starts up and employees are paid back wages, the economy should recover from the 35-day shutdown.... Read more»

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JP Keith Bee indicted in tax case, retires from bench

Pima County Justice of the Peace Keith Bee has been indicted by a federal grand jury on four counts of filing false statements on three years' of tax returns for his business, Bee Line Bus Transportation. Bee, a JP since 2007, retired Friday without notice.... Read more»

FactCheck

Trump’s tax plan and 'the rich'

In promoting his plan to overhaul of the nation’s tax system, President Donald Trump claimed “the rich will not be gaining at all with this plan.” ... Read more»

Arizonans paid $11,264 in federal tax in 2016, below U.S. average

After accounts were settled Tuesday with Uncle Sam, the typical Arizonan sent $11,264 to the federal government, about 20 percent below the national average of $14,051.... Read more»

Time’s running out for Arizonans to claim millions in old tax refunds

Arizonans have until Tuesday to claim close to $25 million in tax refunds left on the table from the 2013 tax season, part of more than $1 billion nationally in unclaimed refunds from that year.... Read more»

Just like death and taxes, tax scammers are a sure thing, IRS warns

The tax filing deadline is just three weeks away, which means tax scams are in full swing, the Internal Revenue Service warns.... Read more»

Caterpillar's Illinois offices searched by federal law enforcement

Federal law enforcement officials searched facilities of heavy machinery manufacturer Caterpillar Inc in Peoria, Illinois, on Thursday, and the company's stock tumbled.... Read more»

Court: Ministers cannot avoid income taxes with vow of poverty

A federal appeals court said that the owners of an Arizona ministry cannot avoid paying income taxes by claiming they had taken vows of poverty and were merely being supported by donations to their church.... Read more»

Factchecking Trump’s tax cut claims

Donald Trump misleadingly touts tax cuts of 30 percent for “working people” or 35 percent for “a middle-class family with two children,” adding that Hillary Clinton “wants to raise your taxes up to the sky.” That distorts both Trump’s and Clinton’s plans.... Read more»

What the Devil won't tell you

Quick take: Putting Trump's tax losses into local perspective

By now we have heard a lot about Donald Trump's tax write-offs, but do we really understand the hypocrisy of the tax code? In Tucson, thousands suffered through major financial losses when their homes were foreclosed during the Great Recession. They actually got taxed on their losses; those at Trump's level can write off their losses against future income for years.... Read more»

Factchecking the spin on Trump’s taxes

Donald Trump’s top surrogates took to the Sunday talk shows to put the best spin on a New York Times story about the GOP presidential nominee reporting a loss of $916 million on his personal income taxes in 1995. The large loss, the Times reported, could have allowed Trump to avoid paying federal income taxes for up to 18 years.... Read more»

Factchecking Trump on his tax returns

Donald Trump said “there’s nothing to learn” from his tax returns, but experts say there’s plenty to learn from presidential candidates’ tax returns, including sources of income, effective tax rates, charitable giving habits and more.... Read more»

Dark money group leads last-minute effort to speed up campaign finance changes

Arizona is already poised to relax rules regarding so-called "dark money" groups starting next year, but a last-minute amendment from the state Senate could make the changes go into effect in less than a month.... Read more»

Tax-fraud prosecutions still falling in Az, nation

The number of taxpayers the IRS referred for criminal prosecution fell last year to the lowest levels of the Obama administration, and the agency said it expects numbers will continue to drop in coming years.... Read more»

FactCheck: Sanders evades tax question

When asked about releasing his “full” federal tax returns, Sen. Bernie Sanders insisted that “we have released them in the past.” But Sanders has released only his 1040 form, a two-page summary of his federal returns, not his full returns.... Read more»

The executive pay cap that backfired

A while back, Congress voted to curb soaring compensation for corporate officers by limiting tax deductions. Here’s how it went wrong. ... Read more»

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