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.
I highlight three key findings from our study -- the full 2014 WalletHub Tax Fairness Survey includes detailed analysis of attitudes and opinions towards a range of tax policy questions.
Rules related to small businesses are complicated and can be scary. Deductions, and credits and other tax benefits -- OH MY. Where do you start? Firs...
Like a bad penny, this tax repatriation idea just keeps coming back. You know, the one where you offer a bribe to multinational corporations in the form of a big tax cut to "repatriate" their foreign earnings.
A lot of people in their thirties are struggling, have struggled for more than a decade, and are ignored because we aren't fresh faced high school grads or tweens at basketball camp.
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.