The Carrier reversal is great news for the Indianapolis workers who get to keep their jobs, at least for now. But it’s a bad deal for the other Carrier workers and Indiana taxpayers.
The law is ambiguous, but the chances that Donald Trump could avoid paying tax on any profits from the sale of his businesses are 50/50 in the view of one policy expert.
The stock market has been ebullient since President-elect Donald Trump’s victory. Many financial experts are expecting quick congressional approval of infrastructure and defense spending and tax cuts. I would not spend the money yet, says one economist.
In Colorado, voters overwhelmingly rejected the idea of paying higher taxes for better access to health care.
Many retailers don't charge sales tax for online purchases, but that doesn't mean you don't owe them.
In a new analysis, the Tax Policy Center finds that in 2017, Trump’s cap would affect only about 160,000 singles, a tiny fraction of the 89 million single taxpayers, and about 230,000 couples out of 59 million joint filers.
To move beyond campaign promises that seldom add up for any candidate, here is how President-elect Trump could move forward in six policy areas even while facing extraordinary budget constraints.
Washington State voters rejected a ballot initiative that would have created the first carbon tax in the United States. The fossil fuel industry played a part, but so did progressive and environmental groups.
There will be another recession at some point, but no state has built a recession into their budget forecast yet. And they may not be prepared for one.
Some seem convinced that the repatriation tax can grease both a big corporate tax cut and build all those new roads. It might do one or the other, but it cannot do both.
Beware the next time you hear politicians throw around a phrase like 'tax reform.' Pay more attention to what they propose than what they call it.
On average, households throughout the income distribution would see their tax bills go down under Trump. But some would see an increase.
On average, Trump would cut taxes for middle-income households making $48,000 to $83,000 by about $1,000 or 1.8 percent of their after-tax income. But he’d give those making more than $3.7 million (the top 0.1 percent) an average tax cut of more than $1 million, or 14 percent of their after-tax income.
Major tax cuts are coming in 2017. But the size and design of those cuts remain highly uncertain.
From carbon taxes to education and marijuana, there are a wealth of tax initiatives to watch on Election Day.
Both plans could result in less individual giving to charity.
The FBI is seemingly in every other headline in this year’s presidential campaign. The IRS has been in none.
Americans are learning far more about Donald Trump’s sex life and Hillary Clinton’s emails than about their respective policy agendas.
A recent review by The New York Times of some of Donald Trump's tax returns shows that he was potentially able to avoid paying federal income taxes for nearly two decades.
One reform would make very low-income workers eligible and increase assistance for workers with earnings too low to receive their full CTC. The second would double the credit for children under age 5.