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The Paul Ryans of America have lost the bet fair and square. The tax cuts experiment has had plenty of time to show results, but the only people whose economic situations have improved since the Bush tax cuts are the wealthiest 1 percent of society.
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.
The epidemic of tax inversions represents just one of many ways corporations are dodging their taxes by taking advantage of our outdated and rigged corporate tax system.
For the first time since 1998, lawmakers are seriously considering permanently extending the moratorium on new state and local sales taxes on Internet access service and eliminating the "grandfather clause" exempting existing taxes -- changes that could cost states $7 billion a year in potential annual revenue.
Nations must have larger interests at heart than the narrow arbitrage interests of corporations that act like economic pirates. You can pay the ransom, but they'll still make you walk the plank
Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.
he process of debating and revising Jefferson's declaration continued on July 3 and into the late morning of July 4. In the evening of July 4, 1776, the Second Continental Congress "unanimously" approved the final wording of the Declaration of Independence.
The federal Highway Trust Fund is running out of money, and some senators have proposed to fix the problem by raising gas taxes. This, however, is the wrong solution because it treats the symptom, and not the underlying reason for the shortfall.
When the annual reckoning with the IRS rolls around, their willingness to help out entitles them to write-offs for unreimbursed expenses incurred while they do volunteer work for rescue groups like the Humane Society of the U.S and the ASPCA.
The courts often have to resolve the troublesome question of whether a tax-free "gift" was actually a payment for services rendered. Not surprisingly, the question has come up when the IRS insisted on its share of sizable amounts received by women from men who weren't their husbands.
Athletes and other instant millionaires, who haven't adopted the strategies of the wealthy, often find themselves broke within a few years of their windfall. Meanwhile, many American aristocrats preserve their estates through the centuries. What do the wealthy know that you don't?
Every year, one in 10 of us receives the dreaded letter. You know the one -- and you probably don't want to open it: the IRS requesting more information about your finances.
The addition of this new health care tax will add to the operating costs of the small business community in Washington, D.C. It's not unreasonable to assume that this new tax on health insurance carriers is going to be passed along to the individual policyholder's premium costs.
Akin to the suffering of middle class and poor families in these difficult economic times, the one percent are struggling as well behind their gilded ...
The thing that's so weird about procrastination is that everybody knows it doesn't get you where you want to go -- yet we still do it. And procrastination doesn't even feel good.