taxes

Negotiations between President Obama and the Republican-led House of Representatives over the "fiscal cliff" are heating up. Some economists believe if a compromise isn't made by December 31 of this year, the U.S. economy could fall back into recession.

Regardless of who wins the presidential election, starting January 2013 some 163 million workers across the United States will be slapped with a significant tax increase.

Texas is...well,actually nowhere on this list. We know the state is among the better as far as unemployment is concerned, and we know there's plenty of development, as evidenced by the oil and gas industry and the opening of Caterpillar here in Victoria.That's why it's a little surprising to see Texas did not make the best states list. Oh well, at least we didn't make the worst either. Here's the

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

When Christian Lopez caught the home run that was Derek Jeter's 3,000th hit last week, he gave the historic ball to the Yankee's shortstop without asking for any money, even though it may have fetched over $100,000 on the open market. The taxman isn't being so generous with Lopez.