IRS

Kliphnote: Why is it the left-heads will say they don't want to tell someone
they can't abort a baby. 
But they will tell someone they can't own a gun to protect themselves.
BTW: Costas, talk sports. Keep your opinions to yourself! 
Costas reportedly earns a $5 million annual salary with NBC. 

Another Tragedy, Another CNN Push for Gun Control

By: Matt Hadro | December 03, 2012 | 18:38

CNN took Bob Costas' gun control rant and ran with it on Monday. The clip of the NBC sportscaster decrying handguns ran multiple times during the morning coverage and again on Monday afternoon, with anchors hoping gun control legislation is in the works.
Anchor Brooke Baldwin remarked "perhaps Congress is listening" after her guest advocated tougher gun laws. Piers Morgan went on another Twitter rant about the need for more gun control. Anchor Carol Costello asked if the incident should "cause us to rethink gun control?" 

Read more: http://newsbusters.org/#ixzz2E2dSQKDG

House GOP makes a $2.2 trillion debt counteroffer to Obama on cliff

By Russell Berman - 12/03/12 08:17 PM ET

House Republican leaders on Monday made a counteroffer to President Obama in the “fiscal cliff” negotiations that would cut $2.2 trillion from the deficit with a combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.

Obama on GOP Debt Offer: 'Get Serious'

(AP Photo)

Read Latest Breaking News from Newsmax.com http://www.newsmax.com/#ixzz2E2VKNINV

U.S. Manufacturing Shrinks

American manufacturing contracted in November for the first time in three months as factories throttled back hiring and investment amid uncertainty about the U.S. economy and budget policies.

Obama to Assad: US Will Hold You 'Accountable' for Chemical Weapons

President Barack Obama issued a warning to Syrian President Bashar al-Assad on Monday not to use chemical weapons against Syrian opposition forces, saying there would be consequences if he were to do so. I want to make it absolutely clear to Assad and those under his...... [Full Story]

Read Latest Breaking News from Newsmax.com http://www.newsmax.com/#ixzz2E2VeD9dV

IRS aims to clarify investment income tax under healthcare law

WASHINGTON | Mon Dec 3, 2012 6:14pm EST

(Reuters) - The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.
The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income.
The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI.
The tax applies to a broad range of investment securities ranging from stocks and bonds to commodity securities and specialized derivatives.
The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.
Released late on Friday, the new regulations include a 0.9 percent healthcare tax on wages for high-income individuals.
Both sets of rules will be published on Wednesday in the Federal Register.
The proposed rules are effective starting January 1. Before making the rules final, the IRS will take public comments and hold hearings in April.