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Tax Laws

Same Sex Marriage, Taxes and Winning the Lottery

Don McNay | Posted 08.10.2014 | Business
Don McNay

The first step that all seriously committed couples, same sex or heterosexual, should do is find a competent financial planner to help them plot out a well thought out strategy.

What You Didn't Know About Forgiven Mortgage Debt

Toni Haber | Posted 06.10.2014 | New York
Toni Haber

On December 31, 2013, the tax exemption for mortgage debt forgiveness expired, leaving financially struggling homeowners with a big return to file.

The Buzz On the "Mansion" Tax

Toni Haber | Posted 05.25.2014 | New York
Toni Haber

I thought this would be a good opportunity to explain the tax, how it works and ask whether it should be changed in the future.

Time for a Holiday That Brings Full Employment

Munir Moon | Posted 02.07.2014 | Politics
Munir Moon

By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.

The Other Feds-Snooping-On-Foreigners Scandal

Radley Balko | Posted 01.27.2014 | Politics

HuffPost broke a big exclusive today with a story by Glenn Greenwald, Ryan Grim, and Ryan Gallagher about NSA monitoring the porn viewing habits of ta...

Do State Tax Incentives Really Work?

David Seiden | Posted 01.25.2014 | Business
David Seiden

Many people believe that tax incentives are at best, short-sighted and, at worst, having a negative economic affect on a state and local community.

Dem, Republican Team Up For Unusual Cause

AP | STEPHEN OHLEMACHER | Posted 09.13.2013 | Politics

ST. PAUL, Minn. — Welcome to the "Max and Dave Show," a campaign-style swing around the country featuring two of the most powerful members of Co...

Amid IRS Probe, Conservative Conference Highlights Murky Laws

AP | STEVE PEOPLES | Posted 06.20.2013 | Politics

WASHINGTON -- It was called the "Road to Majority" conference, a not-so-subtle reference to winning control of Capitol Hill in the 2014 midterm electi...

Dilemma -- the Earned Income Tax Credit

Christopher Bergin | Posted 06.25.2013 | Politics
Christopher Bergin

Immediately, some began to assert that Baucus' announcement meant the end of tax reform. Pardon me if I differ, but if anything, it probably helps the tax reform effort a bit by concentrating Baucus more on it.

When Tax Avoidance Crosses the Line

Christopher Bergin | Posted 05.12.2013 | Politics
Christopher Bergin

With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.

Washington State Department of Revenue Should Make More of Its Tax Rulings Public

Christopher Bergin | Posted 02.12.2013 | Politics
Christopher Bergin

Taxpayers crave certainty above all else. They want to know both what the law is and how to follow it, and they need to be comfortable that taxing authorities are enforcing the law consistently.

"Money Is Like Manure"

Frank A. Weil | Posted 02.12.2013 | Politics
Frank A. Weil

How can such a good and timely idea remain so obscure at a time like this? Perhaps Speaker Boehner and the president, in an effort to give something to everyone, should include something along these lines in their Grand Bargain next week.

How to Secretly Tax the Poor (Part Two)

Steve Gillman | Posted 02.10.2013 | Business
Steve Gillman

At first glance it appears that the investor who owns a rental house or apartment building pays the property tax on it, but this is only nominally true. Who really pays the tax in this case? Clearly it is the renter.

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.

How Our Tax System Subsidizes Bloated CEO Pay

Chuck Collins | Posted 10.16.2012 | Business
Chuck Collins

For decades we've heard about CEOs who garner more in a day than their average employee earns in a year. The sad fact is our current tax code encourages these runaway pay packages -- and even subsidizes the excess.

Why Mitt Romney Should Proudly Release His Tax Returns

Don McNay | Posted 10.05.2012 | Politics
Don McNay

Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.

The Government's Secret War Against Small Business

Robert Levin | Posted 04.08.2012 | Small Business
Robert Levin

State tax auditors are being told to shake down local businesses to generate revenue. And while big businesses have internal tax specialists who can fight unjustified assessments, small businesses often have no choice but to pay since the cost to them of fighting back is so high.

Lazy Is Not Our Problem

Sen. Fritz Hollings | Posted 01.23.2012 | Politics
Sen. Fritz Hollings

Instead of making our tax laws competitive, President Obama continues the tax benefit to off-shore or get rid of jobs. Instead of enforcing our trade laws, like he is sworn to do, the president ignores them.

Tax Code Crackdown Leads to Rescue of 120 Puppy Mill Dogs

Wayne Pacelle | Posted 05.25.2011 | Green
Wayne Pacelle

Just last week, we came to the aid of more than 120 puppy mill dogs in Indiana. 2010-12-07-Screenshot20101207at10.32.40AM.png

'Pulpit Freedom Sunday': Church Leaders To Defy IRS, Endorse Political Candidates

ABC News | Posted 05.25.2011 | Religion

Nearly 100 pastors across the country planned to take part in Pulpit Freedom Sunday, an in-your-face challenge Sunday to what the government says can ...

The Nine Craziest Tax Laws You Don't Know

The Fiscal Times | Posted 05.25.2011 | Business

With 48 states facing budget shortfalls, it's no wonder some are resorting to unorthodox measures to collect revenue. The Illinois state legislature r...

Paul Broun Compares Obama To "Dead Man Walking Around With No Soul"

Media Matters Action Network | Posted 05.25.2011 | Politics

Speaking on the House floor last night, Rep. Broun (R-GA) labeled President Obama's economic agenda "voodoo economics." His reasoning: "you have to b...

Estate Tax Laws Uncertain With Old Tax Set To Expire

Wall Street Journal | LAURA SAUNDERS | Posted 05.25.2011 | Politics

The possible expiration of the federal-estate tax has sent the normally staid world of estate planning into a frenzy of activity, as taxpayers try to ...

Friday Talking Points: Is Opt-Out The Answer?

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The plan isn't going into effect until 2013. Think you're tired of TV ads and screaming folks at town hall meetings now? Picture a more local version of that for the next four years -- not a pretty sight.