With more than 8,400 government taxing bodies, Illinois tops the nation. The city of Chicago on its own has almost 2,000 units of government. There is a government entity for nearly every part of civic life.
This week the U.S. Senate Committee on Finance held a hearing entitled "The U.S. Tax Code: Love It, Leave It, or Reform It!" where the focus was on th...
Two separate federal appellate courts issued contradicting decisions this week that could potentially impact how millions of people pay for health insurance.
Illinois State Rep. David McSweeney (R-Barrington Hills) says he thinks property taxes should freeze all across Illinois in an op-ed in the Chicago Tr...
The sheer number of retirement accounts can make anyone's head spin. Once you've opened a specific type of account -- for instance a traditional 401(k) -- it's tempting to just figure you're set. But with more and more employers now offering a Roth 401(k) as well, it's smart to take a step back and consider the potential benefits of each.
Prof. Thomas Piketty's book, Capital for the Twenty-First Century, certainly has stirred up plenty of debate and political posturing. It is unfortunate, however, that no one has considered the demographic backdrop behind the economic trends.
If Rahm can't save Chicago, then he can forget about running the country.
You may qualify for a tax credit to help offset the cost of health insurance. That credit is generally paid directly to your health insurance company. You, then, only pay the part of the premium that the credit doesn't cover. But, getting that credit requires you to file a tax return to reconcile your payments and actual credit due. Sound confusing?
My CBPP colleague Chuck Marr flags something important from a recent press release by Rep. Dave Camp, the Republican Chair of the tax writing committee in the House. In just a few words, the Congressman manages to make some truly scary assertions.
Though I surely did not become more conservative with age or my first paycheck, I found a few things that I do not want my tax dollars funding. Unless we stand up for our values and make an attempt to have some say in where our tax dollars are going, we are complicit in the very types of oppression to which we are ideologically opposed.
ITFA was enacted in 1998 with strong bipartisan support, and it has always included a "grandfather clause" that allowed states and localities that were taxing Internet access to keep doing so. Despite its long history, there's widespread misunderstanding about the grandfather clause in the current debate about renewing ITFA.
The full House next week will consider the Ways and Means Committee's recently passed Child Tax Credit bill. A recent Tax Policy Center analysis confirms our previous critical assessments of the proposal, finding that it would make many relatively affluent people better off while making low-income working families poorer.
Policymakers should approve legislation that strengthens the bipartisan response from a decade ago -- and soon. Waiting for corporate or international tax reform will only invite more tax avoidance-driven corporate exits.
From getting married to having a baby or even getting divorced, use our tips to help keep more of your money in your pocket.
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.