Over half of the Fortune 500 companies in this country made a profit every year between 2008 and 2012. Yet together, those companies dodged a combined $73.1 billion in state income taxes.
With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.
Because you believe that having a black person as president means that racism isn't alive and well in America. It doesn't bother you that one out of three black men will spend some time of his life in America behind bars.
Occasionally I run into people who want to argue that the increase in inequality is just the benign outcome of "just desserts" as economist Greg Mankiw frames it. It may boost those at the top, but not at the expense of others. By this metric, not so.
Pfizer's move to acquire British-based pharma company AstraZeneca has proven that too many in the political world have not a clue how markets work, how innovation takes place, or how economic growth is achieved.
I don't know the answer to these questions, but my experience as a policy wonk and economist in government has led me to believe that economics, as currently practiced, is part of the problem.
It is time to start planning for the future and the future of your taxes is in about 240 days. That is when the IRS is expected to start processing 2014 tax returns (assuming no late tax legislation changes or other IRS delays) and you will be able to file your taxes and receive your refund.
Every contract for managing pension fund money should be posted on the web and show in plain language the exact fee structure. That way anyone in the country can examine it and assess whether a particular government is overpaying.
It's budget time right now in Springfield, and this year lawmakers are arguing over whether to make permanent the temporary tax increase passed in 2011. The tax debate makes this year's budget talks all the more contentious.
Pfizer's recent effort to merge with much smaller UK-based AstraZeneca, and then convert itself into a "U.K. company" and avoid U.S. corporate taxes -- even though its U.S. shareholders would continue to own a majority in the merged company -- highlighted a gaping hole in current corporate tax law.
What? I just finished my #$%& taxes, and you want me to plan for next year?! That's right. It's fresh in your mind, and that's the best time to make adjustments to anything, especially your tax preparation.
Hooray, you've received a tax refund! Another "hooray!" because you're financially savvy. You've decided to invest this money. Putting your dollars to work for you is always a smart decision, so congratulations on making this choice. But now, what should you do?
There are unique benefits that married people can take advantage of, as long as you know what you are eligible for. If you plan on tying the knot i...
Banks and equity funds that invest in charter schools in underserved areas can take advantage of a very generous tax credit, which they can combine with other tax breaks while they also collect interest on any money they lend out. Doing this, they can double their money in seven years.
A balance owed to the IRS could result in large fines and put a ding on your credit report. So if you missed the tax deadline, be sure to follow these steps to hopefully avoid most of these consequences.
Gov. Christie and his treasurer are standing firm. They say there will be no tax increases to help New Jersey out of its budget crisis. Why? Because, they claim, the wealthiest New Jerseyans may well "get up and walk out" of the state instead of face a tax increase.