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Income Taxes

Taxing The Rich Still Popular With American Public

The Huffington Post | Arthur Delaney | Posted 11.28.2012 | Politics

Taxing the rich remains a popular policy with the American people, according to a new poll by The Washington Post and ABC News. Sixty percent of po...

Rob Portman Says Democrat Position On Tax Rates Based On 'Dogma'

The Huffington Post | Jon Ward | Posted 11.21.2012 | Politics

WASHINGTON -- A senior Republican senator on Tuesday accused House Minority Leader Nancy Pelosi -- and President Obama by extension -- of basing their...

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.

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.

Will Someone Please Increase My Taxes!?

Bob Banov and Roger Ohlsen | Posted 11.26.2012 | Politics
Bob Banov and Roger Ohlsen

Wouldn't it be great if the Congress that exacerbated our current situation were held responsible for their grade school behavior which brought on our current financial situation, paying higher taxes until things right themselves, even if it's after some get voted out of office?

Dependent on Government? You Bet They Are!

Rick Horowitz | Posted 11.24.2012 | Politics
Rick Horowitz

Some things are actually worth paying for....

Stop Separating People Who Want to Rise

Tiziana Dearing | Posted 11.20.2012 | Politics
Tiziana Dearing

Your prosperity is driven by mine, and vice versa. We do no one any favors when we divide the country into two warring groups at a time when, in reality, our economic troubles have lumped more of us together than at any time in nearly 50 years.

The 47 Percent Includes About 3,000 Millionaires

Mark Gongloff | Posted 11.18.2012 | Business
Mark Gongloff

In that crowd of wealthy donors at Marc Leder's Boca Raton sex palace listening to Mitt Romney blast Americans who don't pay income taxes, there were probably a few people who didn't pay income taxes.

Ryan Grim

Romney In Damage Control Over Video | Ryan Grim | Posted 09.18.2012 | Politics

Just hours after Republican presidential nominee Mitt Romney's campaign attempted an image reboot on Monday, it found itself under attack over a cland...

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.

Trouble Come Tax Time?

Julian Block | Posted 09.26.2012 | Divorce
Julian Block

Fact is, whether Brad, Angelina, Jennifer, Bristol, Levi, Snooki, or anyone else is hooking up, breaking up, or something in between, the odds and ends of their relationships are grist for the Internal Revenue Service mill.

Is Mitt Romney Actually 'Stupid?'

Dean Obeidallah | Posted 09.18.2012 | Politics
Dean Obeidallah

Is withholding tax returns an "unintelligent decision" a.k.a. "stupid"? It would seem to be when polls indicate that 61 percent of Independent voters think Romney should release his returns from the last 12 years.

Taxpayer Illiteracy: Persistent and Widespread

Julian Block | Posted 09.01.2012 | Money
Julian Block

How many of those surveyed aren't aware of their own tax brackets?

Medicare Surtaxes Hike Taxes for Upper-Incomers

Julian Block | Posted 09.01.2012 | Money
Julian Block

What's certain is that our lawmakers will enact even more complications to an already confusing tax code.

Lauryn Hill Responds To Tax Evasion Charges

AP | Posted 08.08.2012 | Black Voices

NEWARK, N.J. — Reclusive singer Lauryn Hill said in an Internet posting Friday that she hasn't paid taxes since she withdrew from society to gua...

John Celock

Voters Consider New Use For Oil Money | John Celock | Posted 06.07.2012 | Politics

Voters in North Dakota will decide Tuesday whether to continue using property taxes to fund local governments or to instead use oil funds to bolster m...

Singer Lauryn Hill Faces Federal Tax Charges

AP | SAMANTHA HENRY | Posted 08.07.2012 | Black Voices

NEWARK, N.J. — Eight-time Grammy winner Lauryn Hill has been charged with failing to file income tax returns for several years with the Internal...

More Than 10,000 Rich Households Didn't Pay Income Tax

The Huffington Post | Catherine New | Posted 05.29.2012 | Money

Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxe...

Here's Why Half Of Americans Don't Pay Income Tax

CNNMoney | Jeanne Sahadi | Posted 04.26.2012 | Money

NEW YORK (CNNMoney) -- It's a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it's not ...

SomeTax Preparers Are Fudging Clients' Income In Aim To Jack Up Fees

Reuters | Posted 06.26.2012 | Business

By David Cay Johnston NEW YORK, April 26 (Reuters) - Each year the Internal Revenue Service receives tax returns that ...

Tax Cheats: Here's When You Can Relax

Wall Street Journal | Laura Saunders | Posted 06.20.2012 | Money

Is a tax sin haunting you? Maybe you paid a baby sitter under the table, or "forgot" to declare income, or deducted personal expenses as business c...

Top 10 Federal Tax Charts

Chuck Marr | Posted 06.18.2012 | Politics
Chuck Marr

2012-04-18-imagepull2.jpgWe've collected our top ten charts related to federal taxes. Together, they provide useful context for the coming debates about how to reduce soaring budget deficits and reform the tax code.

More Than a Date: The Connection Between Tax Day and Equal Pay Day

Kristin Maschka | Posted 06.16.2012 | Women
Kristin Maschka

Equal Pay Day and Tax Day both fall on April 17 this year due to a simple calendar coincidence. But the connection between the two and the financial i...