Free Republic

Newt Gingrich avoided tens of thousands of dollars in Medicare payroll taxes in 2010 by using a technique the Internal Revenue Service has consistently and successfully attacked. Republican Presidential candidate Gingrich and his wife, Callista, treated only $444,327 of what they got from Gingrich Holdings. Inc. and Gingrich Productions as compensation to them, while reporting a whopping $2.4 million of their earnings from these corporations as profits or dividends. Medicare taxes are levied at a rate of 2.9% on an unlimited amount of compensation and self-employment income (say, from a consulting contract, speeches or a book) but not on profits...

WEST PALM BEACH, Fla. -- An attorney for the widow of a middle school teacher gunned down by a student argued before an appellate court Tuesday that the gun distributor was negligent in selling the cheap weapon and should be held liable.Attorney Edna Caruso said federal officials told Valor Corp. for years that its .25-caliber Raven handgun was frequently used in crimes and that the company had a legal responsibility to make the weapons safer."Here we have a distributor that is known to distribute crime guns. It's been warned for years and years and years," Caruso said. "It says, 'I...