The largest U.S subsidies to fossil fuels are attributed to tax breaks that aid foreign oil production, according to research to be released on Friday by the Environmental Law Institute (ELI) in partnership with the Woodrow Wilson International Center for Scholars. The study, which reviewed fossil fuel and energy subsidies for Fiscal Years 2002-2008, reveals that the lion's share of energy subsidies supported energy sources that emit high levels of greenhouse gases.

The main suggestion in the report release on Tuesday by the independent Institute of Medicine and National Research Council called "Local Government Actions to Prevent Childhood Obesity" is to impose a junk food tax to help fight childhood obesity. An increasing problem in the US, childhood obesity has tripled in the past three decades. Many blame the lifestyles and eating habits as the main reason for this increase.

Starting on Tuesday, September 1st when you purchase something in North Carolina you will need to be prepared to pay a little more for it. Earlier in August the General Assembly passed an increase in the sales tax of 1% effective September 1st. They also increase the sin taxes that will also go into effect on September 1st.

The GA tax free weekend of the 2009 has started today and will help the shoppers to find online savings in GA stores. But the tax free weekend savings apply only to back to school supplies.

Unfortunately, the unemployment rate is approaching 10% across the country. Some areas like Michigan got hit much harder. Here is a great potential tax tip if you’re currently job searching.

Three professors at the University of Kansas have found that a one-time tax break allowed multinational corporations to receive a 22,000 percent average return on lobbying expenditures.

In 1996, California became the first start to legalize medical marijuana. As cash-strapped as the state is, all bets are off. Assembly Bill AB 390 would legalize, and tax, marijuana sales in California.

Council Member Michael C. Nelson is caling on Governor Paterson and the State Legislature to reinstate the New York City “Commuter Tax”, a modest charge on non-residents who work in New York City and benefit from city services. If the tax was reinstated, it would generate approximately $500 million in revenue for the City.

National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.

Assistant federal Treasurer Chris Bowen says the Australian Taxation Office has sent out about $75 million in tax bills as part of an effort to make sure criminals are paying their fair share of tax.

Duke Law students again this year will prepare tax returns at no cost to Durham residents who earned less than $35,000 last year.

Unclaimed refunds totaling approximately $1.2 billion are awaiting about 1.3 million people who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no later than Tuesday, April 15, 2008.