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Banks get $140 billion tax break on top of bailout money
In the blink of an eye, and on three little pages of a standard memo, the US Treasury Department granted the banking industry a $140 billion tax break on top of the $700 billion in taxpayer money being handed over... IRS loses challenge to prove tax liability
The Internal Revenue Service has lost a lawyer's challenge in front of a jury to prove a constitutional foundation for the nation's income tax, and the victorious attorney now is setting his sights higher. "I think now people are beginning to realize that this has got to...
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