Times are pretty hard now. You can turn on the news and bear witness to all types of negative news stories. WTOP reports that unemployment rates are c...
We've taken this year's Top 10 Tax Time Tips from the IRS and tweaked them for your dating life. Because sex is valuable, and money is pretty sexy. Plus, the IRS likes to refer to itself in the third person, just like Em & Lo!
Today is Tax Day. Most of us will dutifully pay our taxes to a government that no longer represents us. Policy decisions on nearly every issue, regardless of public opinion, are decided in favor of a select few who can afford to write massive checks, host campaign fundraisers, and hire armies of lawyers and lobbyists. That might read as an exaggeration to some, but it's a verifiable fact of the American political system. A new analysis of 1,779 recent policy outcomes by researchers at Princeton and Northwestern found that "economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy," while average citizens -- the people in "We, the People" -- "have little or no independent influence." Why? Because if you want representation in today's Washington, you must buy your way in.
While Illinois' unemployment rate has dropped marginally over the past five years, the unemployment rates in Indiana, Michigan, Ohio and Wisconsin have dropped more substantially.
Nothing too surprising -- those who pay more in federal taxes think they're too high; almost nobody thinks their tax bill is too low. But departing from the data a bit, there are two factors that I suspect have an impact on our general perceptions of tax fairness.
If you are you one of the many people getting ready to file an extension for your tax return, there are several considerations that you should take into account.
While time is ticking for you to complete your taxes, don't get so caught up trying to file that you make a mistake!
No one really enjoys taxes, but they're necessary to help pay for the government services we receive. That's why Chicago mayor Rahm Emanuel has pitched a potential property tax increase to help the city make up the pension deficit it currently is facing.
The first income tax day in U.S. history was on March 1, 1914. Four years later, Congress passed the "Revenue Act," which moved tax day forward by two weeks to March 15, where it remained in effect until 1955. Why the change to April 15?
This year's average tax refund is about $3,000 so far, according to USA Today. Lucky recipients of the coveted U.S. Treasury check will find some ...
The hedge fund managers' tax break is different from other tax breaks in that it has no economic rationale. With most other tax breaks, there's at least an argument as to how it serves some socially useful purpose. This is simply a case where the rich don't feel like paying taxes and are saying to the rest of us, "what are you going to do about it?"
More than half of state tax dollars go to fund education and health care. State tax dollars also fund other critical services such as transportation, corrections, public assistance, care for residents with disabilities, police, state parks, and general aid to local governments.
There are only a few days left before your federal and Illinois state tax returns are due. They must be e-filed or postmarked before midnight Tuesday,...
If you feel like you are paying too much this year to Uncle Sam, remember. The issue isn't what you are paying, but what those taxes buy you. And until we are willing to tame the $700 billion budgetary gorilla, you won't ever get much value for your hard-earned money.
I hate tax season. When I was young and single, living in an apartment, it wasn't very complicated, just another pain in the butt thing that I never wanted to do. When I was married, it was worse. My ex-wife would start asking about it on January 2nd, disregarding the fact that neither of us had received any of the necessary documents yet.