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Federal Taxes

Obama's 'Cadillac Tax' Changes Deserve Serious Look

Paul N. Van de Water | Posted 02.04.2017 | Politics
Paul N. Van de Water

The President's 2017 budget will recommend improvements in the "Cadillac tax" -- the excise tax on high-cost health insurance plans. While some suggest repealing the tax, reforming it to preserve most of its revenues and its ability to slow health care cost growth makes far more sense.

Latest CBO Figures Give Incomplete Picture of Health Reform

Edwin Park | Posted 02.01.2017 | Politics
Edwin Park

Some critics cite the Congressional Budget Office (CBO) estimates of enrollment in health reform's marketplaces to argue that health reform is losing ...

15 Things You Should Know About Trump's Tax Plan

GOBankingRates | Posted 12.23.2016 | Politics

By Chuck Epstein, Contributor Republican presidential candidate and billionaire Donald Trump has shown he is politically controversial. His proposed ...

Puerto Rico Package Should Include Pro-Work EITC

Chuck Marr | Posted 12.04.2016 | Politics
Chuck Marr

Policymakers should remember that while workers in Puerto Rico do not pay federal income taxes, they pay Social Security taxes, and a key rationale for the EITC is to help offset both taxes for low-income working families.

Where Do You Fall in This Federal Income Tax Graph?

Graphiq | Posted 06.03.2015 | Money

The past 35 years have ushered in a considerable drop in the top rate paid by the most wealthy Americans, effectively narrowing the difference between the rates for the 1% and the rates for middle America.

Republican States Are More Dependent On Government

The Huffington Post | Emily Cohn | Posted 03.24.2015 | Business

Is your state one of the ones that relies on Uncle Sam the most?

Federal Tax Code Unfair to the Super-Wealthy?

Dale Hansen | Posted 05.10.2015 | Politics
Dale Hansen

It's certainly possible that the top tax rate in America is too high, but the fact that elected officials in charge of tax policy pretend that what the top 1 percent pay in federal income tax is reasonable proxy for fairness tells you all you need to know about how serious they are about fixing the problem.

4 Reasons Why the House Has the Wrong Approach to Tax Extenders

Chuck Marr | Posted 01.20.2015 | Politics
Chuck Marr

Congress is expected during the lame-duck session to address "tax extenders," a set of tax provisions (mostly for corporations) that policymakers routinely extend for a year or two at a time.

What Einstein Taught Me About Death: 5 Reasons to Write a Will Today

Steve Mariotti | Posted 11.08.2014 | Money
Steve Mariotti

Whether you are looking to ensure your children's safety and future, or dictate how much of your earnings go back into the tax system, writing a will is an essential action and we can all benefit from taking advice from a genius like Einstein here.

Busting Three Myths About the Internet Tax Freedom Act's 'Grandfather Clause'

Michael Mazerov | Posted 09.17.2014 | Politics
Michael Mazerov

ITFA was enacted in 1998 with strong bipartisan support, and it has always included a "grandfather clause" that allowed states and localities that were taxing Internet access to keep doing so. Despite its long history, there's widespread misunderstanding about the grandfather clause in the current debate about renewing ITFA.

Finally, Signs of Momentum on Corporate Inversions

Chuck Marr | Posted 09.16.2014 | Politics
Chuck Marr

Policymakers should approve legislation that strengthens the bipartisan response from a decade ago -- and soon. Waiting for corporate or international tax reform will only invite more tax avoidance-driven corporate exits.

House GOP's IRS Budget Cuts: A Field Day for Tax Cheats

Chuck Marr | Posted 09.14.2014 | Politics
Chuck Marr

When it considers IRS funding, the Senate should take a stronger stand for honest taxpayers by rejecting all cuts and giving the IRS the resources it needs to do its job. The president should accept no less.

Wealthy Senate Candidate Paid Very Low Tax Rate

The Huffington Post | Alex Lazar | Posted 07.10.2014 | Politics

Michigan GOP Senate candidate Terri Lynn Land paid less than three percent of her income over the past two years in federal taxes, due primarily to he...

Sam Stein

Treasury Announces Same-Sex Married Couples Get Federal Tax Recognition Regardless Of State | Sam Stein | Posted 08.29.2013 | Politics

WASHINGTON -- The U.S. Department of the Treasury announced Thursday that when it comes to taxes, it will recognize same-sex couples' marriages even i...

Why It's Time For a National Sales Tax

Gene Marks | Posted 04.24.2013 | Small Business
Gene Marks

The VAT works well in nearly every other developed nation and it can work just as well here. It would replace our current, complicated and frustrating sales tax system with something much more simplified.

Let's Go Over That Fiscal Cliff!

John R. Burbank | Posted 02.20.2013 | Politics
John R. Burbank

Hurray for the Republicans! They saved us from defeat by defeating themselves. Now President Obama holds all the cards. He should just hold onto them. What about the fiscal cliff? Indeed, what about it? It is a fiction of rhetoric, foisted on the American people by Wall Street and inside-the-beltway elites.

Taxes: Who Files What, When and How?

Mark Steber | Posted 02.16.2013 | Money
Mark Steber

As the current tax year closes and the next tax season approaches, I thought it would be helpful and informative to highlight some past tax statistics and details related to tax filings in general and even some guidance on how you can make the most of this information.

Hey CNBC: No, The Rich Don't Already Pay Super High Tax Rates

The Huffington Post | Mark Gongloff | Posted 11.29.2012 | Business

The rich are getting a little tired of Warren Buffett constantly wanting to raise their taxes and suggest the real tax slackers are further down the i...

The Fairness Election

Gary Hart | Posted 01.10.2013 | Politics
Gary Hart

No one argues that resumption of pre-Bush tax rates on the wealthiest 1 percent will solve the deficit problem. What we do argue is equity -- fairness. The entire idea of progressive taxes is that those who benefit the most from our nation's services should pay a fair share.

Tax Policy A Question Of Morality For Many Middle-Class Americans, Study Finds

The Huffington Post | Khadeeja Safdar | Posted 05.24.2012 | Business

For some Americans, the tax system isn't just about economic interests. It's a question of morality. Middle-class Americans view income tax as a sy...

File Your Taxes For Free

The Huffington Post | Catherine New | Posted 04.02.2012 | Money

Taxes are due on April 17. If you haven't filed yet, don't despair. There's still time to get your taxes prepared--for free. The catch? Most of th...

Who Doesn't Pay Federal Income Taxes (Legally)

The New York Times | Bruce Bartlett | Posted 08.28.2011 | Politics

Conservatives are fond of railing against those who are able to legally avoid paying federal income taxes. The Wall Street Journal routinely refers to...

William Alden

Federal Tax Rate At Lowest Level In Over 60 Years, Bartlett Says | William Alden | Posted 07.31.2011 | Business

Hearing some politicians talk about taxes, one might be convinced the United States has one of the highest tax rates in the world. But the reality ...

Obama Tax Returns: President And Second Lady Pulled in $1,728,096 In 2010

Posted 06.18.2011 | Business

President Barack Obama and his wife, Michelle Obama reported a 2010 adjusted gross income of $1,728,096, according to federal income and gift tax retu...

Federal Taxes At Historic Low, Statistics Consistently Show

The Orange Country Register | Martin Wisckol | Posted 06.18.2011 | Politics

While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently ...