The wealthy have been paying a larger share of federal income taxes not because their tax rates have gone up -- in fact, they've gone down. It's because they've been collecting the lion's share of the growth for decades.
As Justice Oliver Wendell Holmes, Jr., wrote in 1904, "taxes are the price we pay for a civilized society." But the wealthiest Americans, who haven't raked in as much of America's income and wealth since the 1920s, are today paying a lower tax rate than they have in over 30 years.
Instead of giving the wealthiest Americans a free ride, why shouldn't we ask them to pay their fair share? That's the only way we are going to bring fairness to our tax system and make our nation stronger, healthier and more competitive.
As I pulled out my intricate "catchall" filing system (read: one large pile), I revived the tumult and triumph of 2011, one crumpled piece of paper at a time.
Tax day isn't an official holiday, but with millions of Americans expecting a refund, it could inspire a vacation or two when that check arrives.
For the 99 percent of Americans who don't use lobbyists to bend the tax rules, Tax Day is a day for reflecting on why we pay taxes.
Tax Day is Tuesday. And whether you're waiting for the very last second to file or you've already parted ways with your hard-earned cash, these four cocktails should help ease the sting.
I get it -- filing a tax return isn't the average American's idea of a good time. But, let's be honest -- there are only so many holidays that apply to everyone in America. And hey, who doesn't love a good party?
Earlier this week, a team of "99% Citizen Tax Enforcers" started preparing for tax day by delivering "bills" to tax-dodging corporations.
There's so much talk in the news about Social Security, Medicare, and foreign assistance spending. It got us wondering how much we contribute to each. Well, thankfully we've now got a simple way for you to find out.
Bet you didn't know that you can deduct body oil from your taxes. Well, that's only if you're a bodybuilder -- it's a legitimate work expense!
In New York City, we all know death and taxes are inevitable, but it's easy to remove fear around the latter by taking advantage of new programs and technology.