Real (after inflation) U.S. Gross Domestic Product is up 2.5 percent from its pre-recession highs, with only China's growth rate higher since the Great Recession. This is in spite of various catastrophic events -- such as Hurricane Sandy and the debt ceiling debate yet to come.

WASHINGTON, Nov 8 (Reuters) - Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much in 2013 if Congress e...

WASHINGTON — A bill designed to enact President Barack Obama's plan for a "Buffett rule" tax on the wealthy would rake in just $47 billion over ...

President Obama last night called for a minimum tax rate of 30 percent on income over one million dollars. To some, this sounds like a radical idea, but it really isn't.

IRS.gov describes Topic 556 -- Alternative Minimum Tax -- as follows: The tax laws provide tax benefits for certain kinds of income and allow special ...

If your 2010 federal tax return (or extension request) isn't postmarked or electronically filed by midnight on April 18, the penalty on any taxes you owe increases dramatically -- tenfold, in some cases.

Congress has important work to finish before the 111th Congress comes to a close. Much of its agenda includes priorities that are critical to the nati...

Manufacturers with revenues under $50 million should pay close attention to the Small Business Jobs Act, particularly the elimination of the Alternative Minimum Tax barrier regarding business tax credits.

The presidential candidates all have big plans for their time in the White House. Reform health care. Reduce taxes. Close corporate loopholes. Encoura...

You probably don't know what your federal tax liability will be for 2007, and Congress certainly isn't helping. Lawmakers have yet to pass a temporary...