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Federal Income Tax

Most Americans Have No Clue How Their Tax Dollars Are Spent (And Don't Care)

Casey Bond | Posted 05.26.2014 | Money
Casey Bond

Using information released by the White House and the per capita personal income of $42,693 (according to Bureau of Business and Economic Research), GOBankingRates calculated how the average American's 2013 federal income tax bill breaks down.

Procrastinating at Tax Time Can Cost You Your Identity

Mark Steber | Posted 04.23.2013 | Business
Mark Steber

ID theft is scary and time consuming, and it can end up costing you a lot of money. But the good thing is that there are ways to protect yourself if you know what to do and what to look for. So take an easy step and start by getting your income taxes filed as soon as you can and lock the bad guys out.

Corporate Giants Should Pay Their Fair Share of Taxes

Lloyd Chapman | Posted 02.16.2013 | Politics
Lloyd Chapman

Corporations want to be treated as individuals when it comes to political contributions but not when it comes to paying their taxes. I think we should change that. It's the most logical and reasonable solution to balancing the budget and reducing the deficit.

Happy 151st Birthday, Federal Income Tax!

Richard (RJ) Eskow | Posted 10.05.2012 | Politics
Richard (RJ) Eskow

Thanks, Federal government, for the funny circular scar on my arm from my childhood vaccination. It means that I, and a lot of other kids, didn't get polio and wind up severely disabled or dead. Don't think I don't appreciate it. And thanks for the Internet I'm using right now.

Conscience at the Apple Core?

Patricia McGuire | Posted 07.10.2012 | DC
Patricia McGuire

Apple can demonstrate its real worth by helping to rebuild the American brand through the more socially responsible investment of its large profits in the future of this nation.

Fifth Grader Says: 'I'm Kind of Mad at the Government'

Jo Comerford | Posted 06.13.2012 | Money
Jo Comerford

It's imperative that all Americans get informed and engage in the heated debate over how our tax dollars are spent by our nation's government. It's both our right, our responsibility and the exquisite privilege of our Democracy.

Did You Get Your Check? IRS Has $1 Billion Waiting For You

Emily Cohn | Posted 02.29.2012 | Money

Did you file your 2008 tax return? One million people did not, and as a result, the Internal Revenue Service is sitting on a pile of cash -- $1 bi...

Are You Overpaying On Your Taxes?

Emily Cohn | Posted 02.29.2012 | Money

It's tax season and chances are you're confused. We all are. The federal tax code is more than 70,000 pages or 3.7 million words long. Every year the ...

Corporate Tax Rates Effectively Already Below Obama's Proposed Level

The Huffington Post | Alexander Eichler | Posted 02.22.2012 | Business

President Obama hopes to bring change to a loophole-ridden corporate tax code that allows potential tax dollars to slip through the cracks. In exchang...

Facebook Getting A Huge Tax Break, Despite Big Profits: Report

The Huffington Post | Alexander Eichler | Posted 02.13.2012 | Business

Facebook's recent decision to go public may be a boon for the company in more ways than one. Facebook is structuring its initial public offering i...

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

Alexander Eichler | Posted 01.10.2012 | Business

At a time when the federal government is starved for cash -- and facing layoffs and cuts in services across the board -- more and more corporations ar...

9 Of 10 Most Taxed Neighborhoods In USA Are In NYC

Posted 11.22.2011 | New York

The Upper East Side pays more in federal income taxes than any other neighborhood in the nation, a new Bloomberg report reveals. 29,820 individual ret...

Nearly Half of Americans Exempt From Federal Income Tax

The Huffington Post | Alexander Eichler | Posted 08.28.2011 | Business

Nearly half of American tax filers will pay no federal income taxes this year, according to data released by the Tax Policy Center. Some 76 million...

Who Doesn't Pay Federal Income Taxes (Legally)

The New York Times | Bruce Bartlett | Posted 08.28.2011 | Politics

Conservatives are fond of railing against those who are able to legally avoid paying federal income taxes. The Wall Street Journal routinely refers to...

41% Of New Yorkers Didn't Pay Federal Income Tax Last Year

nypost.com | DAVID SEIFMAN and CARL CAMPANILE | Posted 05.25.2011 | New York

It's Tax Day -- but fewer New Yorkers are forking over money to the government than ever before. An eye-popping 41 percent of the state's filers di...

Federal Income Tax: 47 Percent of American Households Won't Pay Federal Income Tax This Year:

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem. About 47 p...

On Stack and the IRS

Aaron Greenspan | Posted 05.25.2011 | Politics
Aaron Greenspan

Taxation in the United States of America is like some sort of cosmic joke. It's not hard to see why a downtrodden entrepreneur might go crazy.

McCain's Tax Returns Hide Gambling

Martha Miller | Posted 05.25.2011 | Home
Martha Miller

The real purpose of McCain omitting his gambling winnings is so that people would not know how much he gambled. If he won $200,000 playing craps in Las Vegas, it would make a difference in the way voters viewed his suitability as a presidential candidate.