Taxes

Owners of Ohio's strip clubs and adult video stores say their businesses are being threatened by some tough, new state laws. They may end up taking their fight straight to voters. Bill Cohen reports.

In Alaska, air taxis are more common than ground taxis. Small planes are integral to the transportation system, carrying everything from commuters to pizza to emergency medical care. But an FAA fuel tax hike could ground many of them, reports Weld Royal.

CEOs of many big corporations get stock options worth millions. But because of a loophole in reporting the deals, the companies can cash in, too. Now the deals are under the gun — John Dimsdale reports.

That's right, investors in Mexico drove that market to a record high yesterday on news that a soon-to-be-announced tax overhaul may require Mexican businesses to pay more taxes. Seems that's better than no reform at all, Dan Grech reports.

Robert Reich got a lotta mail about his suggestion to tax private equity earnings as income. Seems folks think fund managers would just move that money offshore instead. He says if that's the case, they should follow their cash and get the heck out.

The state of Texas wants to test high school athletes for steroids. Trouble is, lawmakers there can't agree on how to cover the costs and a proposal to tax football and basketball tickets isn't winning over a lot of fans. Jill Barshay reports.

Many small companies have struggled to cover the costs of following the Sarbanes-Oxley accounting rules, but exempting them could encourage the type of accounting fraud the law is intended to fight. Steve Henn reports.

The Senate Finance Committee considers this week whether money made by private equity partners should be taxed as income instead of capital gains. Commentator Robert Reich says you better believe it.

Democrats say they're close to an agreement to roll the AMT off the middle class and back to its original intent: to tax the very wealthy. Republicans have promised to fight such a move, but that could push swing voters away these days, Bob Moon reports.

Results of a poll out today show that an overwhelming majority of Americans think the government should do something about global warming. But when asked to dip into their own pockets to pay for a solution, ahhh not so much.