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Federal Taxes

Busting Three Myths About the Internet Tax Freedom Act's 'Grandfather Clause'

Michael Mazerov | Posted 07.18.2014 | Politics
Michael Mazerov

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.

Finally, Signs of Momentum on Corporate Inversions

Chuck Marr | Posted 07.17.2014 | Politics
Chuck Marr

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.

House GOP's IRS Budget Cuts: A Field Day for Tax Cheats

Chuck Marr | Posted 07.15.2014 | Politics
Chuck Marr

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.

Wealthy Senate Candidate Paid Very Low Tax Rate

The Huffington Post | Alex Lazar | Posted 07.10.2014 | Politics

Michigan GOP Senate candidate Terri Lynn Land paid less than three percent of her income over the past two years in federal taxes, due primarily to he...

IRS Gave Bonuses To Workers Who Owed Taxes

AP | By STEPHEN OHLEMACHER | Posted 06.23.2014 | Business

WASHINGTON (AP) — The Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including ...

Sam Stein

Treasury Announces Same-Sex Married Couples Get Federal Tax Recognition Regardless Of State

HuffingtonPost.com | Sam Stein | Posted 08.29.2013 | Politics

WASHINGTON -- The U.S. Department of the Treasury announced Thursday that when it comes to taxes, it will recognize same-sex couples' marriages even i...

Online Shopping May Get More Expensive

AP | STEPHEN OHLEMACHER | Posted 06.23.2013 | Business

WASHINGTON -- Tax-free shopping on the Internet could be in jeopardy under a bill making its way through the Senate. The bill would empower states to...

Why It's Time For a National Sales Tax

Gene Marks | Posted 04.24.2013 | Small Business
Gene Marks

The VAT works well in nearly every other developed nation and it can work just as well here. It would replace our current, complicated and frustrating sales tax system with something much more simplified.

Let's Go Over That Fiscal Cliff!

John R. Burbank | Posted 02.20.2013 | Politics
John R. Burbank

Hurray for the Republicans! They saved us from defeat by defeating themselves. Now President Obama holds all the cards. He should just hold onto them. What about the fiscal cliff? Indeed, what about it? It is a fiction of rhetoric, foisted on the American people by Wall Street and inside-the-beltway elites.

Taxes: Who Files What, When and How?

Mark Steber | Posted 02.16.2013 | Money
Mark Steber

As the current tax year closes and the next tax season approaches, I thought it would be helpful and informative to highlight some past tax statistics and details related to tax filings in general and even some guidance on how you can make the most of this information.

Hey CNBC: No, The Rich Don't Already Pay Super High Tax Rates

The Huffington Post | Mark Gongloff | Posted 11.29.2012 | Business

The rich are getting a little tired of Warren Buffett constantly wanting to raise their taxes and suggest the real tax slackers are further down the i...

Business Owners Were Cautious Before Election

AP | Posted 11.13.2012 | Small Business

NEW YORK — Small business owners remained cautious in October as they awaited the outcome of the presidential election, according to a survey releas...

The Fairness Election

Gary Hart | Posted 01.10.2013 | Politics
Gary Hart

No one argues that resumption of pre-Bush tax rates on the wealthiest 1 percent will solve the deficit problem. What we do argue is equity -- fairness. The entire idea of progressive taxes is that those who benefit the most from our nation's services should pay a fair share.

Tax Policy A Question Of Morality For Many Middle-Class Americans, Study Finds

The Huffington Post | Khadeeja Safdar | Posted 05.24.2012 | Business

For some Americans, the tax system isn't just about economic interests. It's a question of morality. Middle-class Americans view income tax as a sy...

File Your Taxes For Free

The Huffington Post | Catherine New | Posted 04.02.2012 | Money

Taxes are due on April 17. If you haven't filed yet, don't despair. There's still time to get your taxes prepared--for free. The catch? Most of th...

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...

William Alden

Federal Tax Rate At Lowest Level In Over 60 Years, Bartlett Says

HuffingtonPost.com | William Alden | Posted 07.31.2011 | Business

Hearing some politicians talk about taxes, one might be convinced the United States has one of the highest tax rates in the world. But the reality ...

Obama Tax Returns: President And Second Lady Pulled in $1,728,096 In 2010

Posted 06.18.2011 | Business

President Barack Obama and his wife, Michelle Obama reported a 2010 adjusted gross income of $1,728,096, according to federal income and gift tax retu...

Federal Taxes At Historic Low, Statistics Consistently Show

The Orange Country Register | Martin Wisckol | Posted 06.18.2011 | Politics

While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently ...

Utah Recognizes Gold Coins As Legal Tender

CNN Money | Charles Riley | Posted 05.30.2011 | Business

The Beehive State has a new measure on the books that eliminates state taxes on the exchange of gold and silver coins and directs the legislature to s...

Taxes Fall To Lowest Level Since 1950, By One Measure

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Taxes too high? Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when the K...

Obama And The $116 Billion Tax Cut Nobody's Heard Of

The New York Times | Michael Cooper | Posted 05.25.2011 | Business

What if a president cut Americans' income taxes by $116 billion and nobody noticed? It is not a rhetorical question. At Pig Pickin' and Politickin',...

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...

Bank of America, Wells Fargo May Avoid Paying Federal Taxes This Year

Charlotte Observer | Christina Rexrode | Posted 05.25.2011 | Business

This tax season will be kind to Bank of America and Wells Fargo: It appears that neither bank will have to pay federal income taxes for 2009. ...

Chicago Slacking On Taxes: Second Latest Filers In The Country

Posted 05.25.2011 | Chicago

The deadline to file taxes is creeping up, but Chicagoans are in no hurry. According to Intuit Inc., makers of Turbo Tax software, Chicago is the nu...