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Tax

Latest CBO Figures Give Incomplete Picture of Health Reform

Edwin Park | Posted 02.01.2016 | 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 ...

State EITCs: Helping Working Families and Communities Thrive

Erica Williams | Posted 01.21.2016 | Politics
Erica Williams

As state legislative sessions begin, policymakers can help keep people working, increase incomes, reduce financial hardship, and build an economy that works for everyone by following the 26 states and the District of Columbia that have created state Earned Income Tax Credits.

Exposing Misleading 'Business Climate' Rankings

Erica Williams | Posted 01.19.2016 | Politics
Erica Williams

The new website Grading the States: Business Climate Rankings and the Real Path to Prosperity debunks the state rankings from several organizations pu...

Obama Wisely Calls for Boosting Tax Credits for Childless Adults

Chuck Marr | Posted 01.13.2016 | Politics
Chuck Marr

The Earned Income Tax Credit has long enjoyed bipartisan support because it encourages and rewards the work of low- and moderate-income people.

Cross That Border To Save Big Bucks on Airfare, Gas and More

Map Happy | Posted 01.13.2016 | Travel
Map Happy

Do almost anything to save money on a flight? Here's a cost-saving factor people rarely think about: crossing a border--whether that be into a diff...

Treat Her Like A Lady: Civil Forfeiture's Lack of Chivalry

Chandra Bozelko | Posted 01.06.2016 | Crime
Chandra Bozelko

At first blush, it may seem like civil forfeiture is different than the usual methods of justice: targeting poor people who have nothing and placing them in jail. As hard as state and federal governments may try, you can't take nothing from nothing so indigent populations are impervious to forfeiture schemes.

Inside The 'Private Tax System' That Saves Billions For America's Richest

HuffPost Live | Ryan Buxton | Posted 12.31.2015 | HuffPost Live 321

In a new piece, the New York Times explores the "private tax system" being used exclusively by our country's wealthiest individuals. HuffPost Live dis...

Congress Lavishes Corporations With an Early Holiday Gift; Immigrant Taxpayers Get a Lump of Coal

NCLR Action Fund | Posted 12.22.2015 | Politics
NCLR Action Fund

Congress sent a $622 billion tax extender bill to the president's desk last week. While the bill provides hundreds of billions in corporate tax breaks and, on a smaller scale, much-needed relief for low and moderate income workers, millions of hardworking immigrant taxpayers have been left out in the cold.

House Passes Tax Extenders Legislation Despite Democratic Objections

The Huffington Post | Matt Fuller | Posted 12.17.2015 | Politics

Over protests from most of their Democratic colleagues that the bill was not paid for, House Republicans passed a package of tax extensions on Thursd...

Let's talk about Tax, baby!

Erdika Wirengjurit | Posted 12.14.2015 | Business
Erdika Wirengjurit

First of all, I should put a disclaimer here. I am not a tax expert and am light-years away to becoming one. However, I can say that I am acquainted t...

5 Things to Do With an Unexpected Inheritance

Nathaniel Sillin | Posted 12.10.2015 | Business
Nathaniel Sillin

Whether it comes from a generous friend, relative or outside source, an unexpected financial windfall can be a life-changing blessing... or a very tough money lesson.

Kansas' Economic Growth Continues to Lag, Despite Tax Cuts

Michael Leachman | Posted 12.01.2015 | Politics
Michael Leachman

Tax-cut proponents predicted an economic boom, not meager growth. When Governor Sam Brownback signed the tax cuts into law, he said they would provide "a shot of adrenaline into the heart of the Kansas economy."

Your Year-End Financial Checklist

Nathaniel Sillin | Posted 11.11.2015 | Money
Nathaniel Sillin

The final weeks of the year are a last-minute chance to clean up bookkeeping before tax time, make final spending decisions and seek financial advice for 2016. Here are a few tasks you might want to schedule.

The Street Art Hiding In An Old Military Compound In Sweden

Jaime Rojo & Steven Harrington | Posted 10.14.2015 | Arts
Jaime Rojo & Steven Harrington

Street art festivals are popping up like mushrooms across the globe, bringing murals, not street art, to cities primarily as a means of injecting life...

Me and the IRS, a Bromance

James Altucher | Posted 10.13.2015 | Business
James Altucher

I pulled over the car on the highway because the IRS was calling. "Daddy, why are we pulling over," said one of my kids. I can't remember which on...

Filed a Tax Extension? 4 Tips for Meeting the October Deadline

NextAdvisor.com | Posted 10.08.2015 | Business
NextAdvisor.com

If you requested an extension on your 2014 taxes, the six-month period will end on October 15. Although the tax extension deadline is nearly here, you still have time to file, and to help you meet your deadline, we've compiled some things you should keep in mind when filing your taxes last minute.

Donald Trump To Unveil Tax Plan

AP | Igor Bobic | Posted 09.28.2015 | Entertainment

WASHINGTON (AP) — Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxe...

Back-to-School Planning for Returning Students

Nathaniel Sillin | Posted 09.17.2015 | Business
Nathaniel Sillin

For mid-career workers, education is a great way to remain vital in the workforce. It can also be a risky financial investment. Experienced workers should fully investigate all degree and training programs for maximum payoff.

Philippines' Presidential Race: Hard Choices

Richard Javad Heydarian | Posted 09.12.2015 | World
Richard Javad Heydarian

None of the leading candidates seem to encapsulate the aspirations of the Philippines' upwardly mobile citizens, who are desperate to revive the Southeast Asian nation's fortunes.

10 Ways to Become Financially Independent

Nathaniel Sillin | Posted 08.05.2015 | Business
Nathaniel Sillin

People can choose to define financial independence in their own way -- after all, not everyone wants a private jet and a mansion. However reaching real financial independence -- the ability to live comfortably off one's savings and investments with no debt whatsoever -- could be easier than you think.

Igor Bobic

Rand Paul's Plan To 'Blow Up' Tax Code Could Leave Huge Deficit

HuffingtonPost.com | Igor Bobic | Posted 06.18.2015 | Politics

WASHINGTON -- Sen. Rand Paul (R-Ky.) wants to "blow up the tax code," and he's proposing a new, far-reaching flat tax to do it. The only problem is th...

5 Illinois Counties With Huge On-Average Tax Deductions

Reboot Illinois | Posted 06.15.2015 | Chicago
Reboot Illinois

Every Illinoisans is on the hook for 3 percent of their income going to state income taxes. Their federal taxes, however, likely will vary, and municipalities throughout the state levy their own local taxes on different things and at different levels. But some places in Illinois, and throughout the country, benefit more from state and local tax deductions than others.

As Illinois Suspends Corporate Tax Breaks, It's Time to Recognize How Special Treatment Undermines a Welcoming Economy for All

Hilary Gowins | Posted 06.09.2015 | Politics
Hilary Gowins

While the rest of the state is suffering, the film industry is enjoying sales- and income-tax breaks. But the film industry isn't alone in receiving special treatment from the state. Since 2001, Illinois has given out more than $1 billion to the biggest businesses in the state through the EDGE tax-credit program, which is meant to spur economic growth. It's not working.

Plains All American Gets a Sweetheart Deal From Taxpayers

Michelle Chan | Posted 05.26.2015 | Green
Michelle Chan

Last Tuesday, a company called Plains All American made a huge, oily mess along nine miles of California coast. A pipeline ruptured at around 10:45 am, and before the flow could be stopped about 105,000 gallons of crude had escaped--including about 21,000 into the Pacific Ocean.

What to do After Tax Season is Over

PaladinRegistry.com | Posted 05.29.2015 | Money
PaladinRegistry.com

Taxpayers need to understand their specific situation and seek advice from there advisors to craft the right plan. There is work involved, but it may ultimately reduce your liability which increases the amount of money you retain and utilize.