Lawyer accused of not paying federal income tax for 5 years
A former Whitehall prosecutor, Lumumba Toure McCord, has been recently indicted on charged that state that he failed to file federal tax returns or pay federal income tax for the past five years.
A federal grand jury indicted MCord, also known as Toure McCord, this week on five charges of his failure to file tax returns with the Internal Revenue Service (IRS).
The indictment stated that McCord, age 41, of 851 Kenwick Rd. D, made approximately $355,000 in gross income from the years between 2006 and 2010.
McCord was formerly the chief prosecutor for Whitehall in 2000 until he was fired that June after he was arrested on two charges of interfering with custody plans for this 2 year old son. The jury had found McCord not guilty of the charges; however, he was not reinstated to his job in Whitehall for reasons that were not presented to the public, although it is most likely because of the two charges for his interference of custody plans that he had with his son.
McCord has worked as defense attorney for a lengthy 10 years, and has represented quite a number of defendants, especially those in high-profile cases in Franklin County Common Pleas Court. Agents from the Internal Revenue Service have investigated McCord on the tax charges that are going against him. So far, there has not been a set date for McCord’s first appearance in a federal court.
Categories: Federal Tax, Income Tax, State Tax, Tax Evasion Tags: federal income tax, income tax, income tax evasion, tax evasion, tax fraud, tax law
Paying Taxes Has Its Use
There have been many instances where the rich were forced to leave their country of birth or ply to “escape” to countries with better tax laws. Tax abroad plays a huge role in where you ply your trade, whether it is acting, business or sport.
Ikea founder Ingvar Kamprad escaped his native Sweden for the country of chocolates Switzerland. He left his country of birth in the 1970”s due to the high taxes imposed by the Swedish Government, especially on those that earn a high income. The billionaire plans to return to Sweden later this year after the Swedish Government reduced their income taxes.
In Football, the English Premier League and French Ligue 1 attract some of the biggest names in the sport but the amount of tax paid on their income often play a huge role when star players are looking for greener pastures, with Spain and Russia having some of the lower income tax percentages.
Tax payer’s money has a number of uses. The rich are often the ones having to pay a lot more due to their sufficient income. The use of this money thus becomes even more important to the different countries, and it can be used to address a number of issues that the country may face at the time. It is not uncommon for residents of a particular country to jump ship to another country, and this practice won’t stop in the near future, with the worldwide economic crisis playing a huge role in people trying to have the least amount of tax deducted from their income.
Categories: Federal Tax, Income Tax, State Tax Tags:
Voters support federal spending for job programs
Voters have a strong support for the federal job programs, more specifically when the respondents are told that federal tax dollars would fund the programs. From those that were surveyed there were 72% that supported both the jobs program and the infrastructure hiring, and it was also clear that the program would be spending government money.
The public clearly support job creation proposals, and this includes a majority backing of all the party groups. They still support it even when the issue of government spending is brought up in a time when deficit reduction is one of the major priorities for the federal government.
It was reported that three-quarters of Democrats support the tax break for companies that created jobs. Furthermore, over 9 in 10 democrats show support for federal jobs and infrastructure programs. Concerning independents, 78% of them support the tax break, and three quarters of them support the jobs and infrastructure programs.
Republicans are the group most likely to support the tax break, as 88% of them said that they would do so. However, Republicans are a little bit more skeptical of the infrastructure and jobs programs, a majority of them still said that they would be baking the initiatives, even when they were told that it would cost federal tax dollars to do so. In general, both Republicans and Democrats will more than likely support federal spending for job programs, even if it’s known that government money will have to be spent in order to do so.
Categories: Federal Tax, Income Tax, State Tax Tags: federal income tax, federal tax, tax credits, tax spending