Romney economic adviser Martin Feldstein tries to contradict the Tax Policy Center's findings that Mitt Romney's tax plan would raise taxes on the middle class. But he actually confirmed it to be true.
Limiting the tax exemption for municipal bonds is becoming a popular idea among conservatives looking for ways to slash the budget and finance tax rate cuts. But will it work?
CBO's 'gloom' scenario means pushing the economy off the 'fiscal cliff' into recession. But deficits would plunge. 'Doom' means no recession but dangerous levels of debt.
The Tax Policy Center's new marriage bonus and penalty calculator can tell you whether you will pay more or less income tax as a married couple.
One technique for high-frequency traders is to enter multiple fictitious trades for a stock and then cancel them. France now taxes those 'non-transactions.'
The Earned Income Tax Credit (EITC) is getting an overhaul. The plan can be a huge boost to low-income single parent families, but carries a severe penalty if that parent gets married. A new plan in place of the EITC would address the problem while expanding the benefits.
Weak government spending continues to hamper the economy, according to a recent study.
Higher education is a good investment, and getting kids through school should be a top priority. But how should the government pay for it?
Medicaid was on center stage last week when the Supreme Court ruled the government did not have the authority to pull federal Medicaid funds from states refusing to extend eligibility to low-income, non-elderly adults.
There is nothing inevitable about the glum estimate set forth in the Congressional Budget Office's latest fiscal policy snapshot. What if Congress retained the level of taxation set by current law, while collecting the money in a much smarter way?
State taxes and transfers can be an important, albeit complicated form of assistance for low-income families. A new interactive calculator aims to help guide families through the process, including the options when family income increases.
Like a movie franchise that keeps coming back, California's annual budget mess is the same story year after year.
If you think the Bush tax cuts should be extended—an idea most opponents of the millionaire tax support—revenues from a minimum tax rate on millionaires would increase by a much more significant $162 billion over the decade. And that’s hardly the chump change than the Buffett rule's critics imply.
The new rules for reporting capital gains is a laudable aim, but the IRS faces a number of challenges to make this initiative work.
Romney pays a much higher rate than the President, even though he makes far more money. Here's why.
The need for fundamental federal tax reform is critical. Often overlooked, however, is the fact that any such reforms will also affect the tax and fiscal policies of state and local governments.
A better answer would be to close the loopholes that help the wealthy avoid paying higher taxes, but some argue that a minimum tax like the Buffett rule might be a good start.
The tax code is chock full of credits, deductions, deferrals, exclusions, exemptions, and preferential rates that, taken together, total almost $1.3 trillion per year. But that money isn't necessarily available simply through tax reform.
States are slowly enacting laws that would require online vendors to collect state and local taxes, with mixed success. But the shift will benefit everyone and make tax laws fair.
The budget Paul Ryan released last week is, essentially, an effort to have low- and middle-class households bear the entire burden of closing the fiscal gap and bear the costs of financing an additional tax cut for high income households.