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Income Tax

How to Secretly Tax the Poor

Steve Gillman | Posted 02.09.2013 | Money
Steve Gillman

There are many ways to make those who pay taxes less likely to notice the burden, and this is especially true when it comes to taxing those who are poor.

Eric Cantor Says Congress Won't Adjourn Without A Fiscal Cliff Deal

The Huffington Post | Arthur Delaney | Posted 12.05.2012 | Politics

WASHINGTON -- A top Republican in the U.S. House of Representatives pledged Wednesday to keep Congress in session until a deal on the so-called fiscal...

The Fiscal Cliff and the Two Percent

William B. Bradshaw | Posted 02.03.2013 | Business
William B. Bradshaw

The top story in the news these days is the "fiscal cliff." I'm a general studies major and don't know all that much about taxes and net worth, so I ...

Charity Must Prevail

Patricia McGuire | Posted 02.02.2013 | DC
Patricia McGuire

Deliberately debilitating the nation's habits of the heart will not contribute to better fiscal health for future generations. Our national commitment to charity must prevail as the best possible witness of this nation's moral commitment to ensure justice for all.

Good News: The Payroll Tax Cut Is Now Part of the Tax Debate

Chuck Marr | Posted 01.30.2013 | Politics
Chuck Marr

One of the most troubling aspects of the current tax debate has been that policymakers have almost completely ignored the about-to-expire payroll tax cut. Not any more.

Ex-Romney Adviser: Buffett Is 'A Master Of Tax Avoidance'

GREG MANKIW'S BLOG | GREG MANKIW | Posted 11.26.2012 | Business

Warren Buffett has an op-ed in today's NY Times on one of his most popular themes: The rich should pay more in taxes. At first blush, his position se...

Life, Death, and Taxes: How Language Impacts Reinvention and Motivation

Russell C. Smith | Posted 01.14.2013 | Business
Russell C. Smith

You can't have death without life, and you can't pay taxes unless you're a part of something bigger than yourself.

Man Makes $90,000 A Year Doing What?!

The Huffington Post | Posted 11.14.2012 | Money

For Kevin Drummond, playing trivia is not a game. It's his primary source of income. Drummond, 40, claims he earns up to $90,000 a year by playing...

Taxes! After the Election - Now What?

Rick Rodgers | Posted 01.13.2013 | Money
Rick Rodgers

Start diversifying your savings today while tax rates are still low. The good news is there still time to take advantage of 2012 tax rates, which may turn out to be the lowest we see in some time. Here are three strategies to help diversify before the end of the year.

Elections Have Consequences -- and Carry Messages

Leo Hindery, Jr. | Posted 01.12.2013 | Politics
Leo Hindery, Jr.

The recent elections clearly showed that in the minds of the electorate it's past time to restore vibrancy to the middle class and restore for all citizens the American Dream of equal opportunity, economic advance and fair employment.

Give a Little Less to the IRS

Julian Block | Posted 01.07.2013 | Money
Julian Block

Individuals who reduce their income taxes with itemized deductions are aware that they can claim contributions to schools, religious organizations and other favorite causes. But many of them are unaware of other opportunities.

The Perils of Income Inequality

Geoffrey R. Stone | Posted 01.23.2014 | Politics
Geoffrey R. Stone

The Sixteenth Amendment to the Constitution, which authorized the federal government to impose an income tax on individuals, will turn 100 years old on February 3. It was designed precisely to protect the 47 percent of Americans Mitt Romney has reviled.

Four Steps to Educate Students About Personal Finance

Ben Mulling | Posted 12.12.2012 | Money
Ben Mulling

Years later, having paid off all of this debt and having a totally different frame of mind as it relates to personal finance, I wonder what it would have taken to have prevented me from making all of those financial mistakes so early in my life.

A Dilemma for Stock Market Investors: Sell or Sweat

Julian Block | Posted 12.10.2012 | Money
Julian Block

Unless Washington acts in the lame-duck session after the November elections, top rates for capital gains from most sales of assets owned more than 12 months are scheduled to increase. They will go from 15 percent for 2012 to at least 20 percent for 2013.

5 Simple Steps To Protecting Your Finances Post-Split

Julian Block | Posted 12.01.2012 | Divorce
Julian Block

There are simple steps that divorcing spouses should take to protect themselves financially.

How Republicans Have Twisted the Argument about Income Taxes

Raymond Griffith | Posted 11.21.2012 | Politics
Raymond Griffith

Mitt Romney and Republicans have effectively twisted the debate away from the way the rich avoid their responsibilities into an attack on the poor, as if being poor makes you unpatriotic. And we cannot allow ourselves to let their attacks define the issues.

Romney Video Points to Deeper GOP Disdain

Christian Piatt | Posted 11.21.2012 | Politics
Christian Piatt

Although I take personal issue with Mitt Romney making such statements, even at a private fundraiser, I'm more deeply distressed by the fact that such campaigning actually works. And that responsibility, I suppose, falls to all of us.

Why Are Republicans Complaining About The 47 Percent?

Chris Weigant | Posted 11.19.2012 | Politics
Chris Weigant

If you follow Republican dogma all the way through to its logical conclusion, Republicans are supposed to be working hard every day to reduce taxes on everybody, all of the time. So the ultimate in reduction is complete elimination, right?

Matt Sledge

47 Percent This Year Includes At Least 20.2 Million Seniors | Matt Sledge | Posted 09.19.2012 | Politics

NEW YORK -- Senior citizens support Mitt Romney over President Barack Obama by a margin of about 20 percent, according to a recent Rasmussen poll. ...

The Real Question: WHY Don't People Make Enough to Pay Income Taxes?

Dave Johnson | Posted 11.18.2012 | Business
Dave Johnson

Mitt Romney was caught on video complaining that 47 percent of us don't make enough to pay taxes, believe they are victims, are dependent on government, etc. The right question is why do so many of us make so little?

GRAPH: Who Pays Income Tax? | By Jacob Goldstein | Posted 11.18.2012 | Money

Mitt Romney's comments regarding the 47 percent of Americans who pay no income tax is getting lots of attention today. Our colleague Mark Memmott expl...

Dave Jamieson

Labor Leader Says The 47 Percent Are Victims Of Romney | Dave Jamieson | Posted 09.18.2012 | Politics

The head of the AFL-CIO laid into Mitt Romney on Tuesday for comments the GOP presidential nominee made earlier this year at a donor event, in which R...

Mom Charged With Stealing Soldier Son's Income Tax Refunds

AP | Posted 11.17.2012 | Money

MASSILLON, Ohio -- A woman accused of stealing her son's income tax refunds while he served with the U.S. Army in Afghanistan was arrested in a stolen...

Some Presidential Words on Federal Income Taxes

Julian Block | Posted 08.22.2012 | Money
Julian Block

Income taxes are such a pervasive and everyday part of our financial lives -- and such a central issue in presidential campaigns -- that they seem to have been around forever. They have not. Their debut is relatively recent.

No Tax Break If Client Stiffs You

Julian Block | Posted 10.06.2012 | Money
Julian Block

Contrary to what many self-employed individuals believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on their federal and state returns when they are unable to recover amounts due from clients and customers.