Here are six ideas that can guide Congress to a tax reform-deal that both parties should be able to live with – a deal that will raise necessary revenue and help pay down the debt.
Despite myths to the contrary, a large and growing share of the nation’s poor work full time — sometimes 60 or more hours a week – yet still don’t earn enough to lift themselves and their families out of poverty. Meanwhile, a large and growing portion of the super-rich have never broken a sweat.
Two provisions that are enormously important to low- and moderate-income households-the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) are set to expire after 2017. They are relatively inexpensive ways to promote work and family, and Congress should make them permanent.
A poll, taken in the midst of tax season, finds that 58 percent of those surveyed think filling out their tax forms is “easy.” Only 38 percent say it is “hard.” Here's the catch: more people are filing their taxes with the help of a professional service.
Completing your taxes on time and correctly might be time-consuming, but leaving out information or making errors can cause problems. NerdWallet offers some tips to keep in mind as you prepare your tax return.
A relative handful of Americans receive ever bigger slices of the total national income while most average Americans, working harder than ever, receive smaller ones.
As the Senate's finance committee chairman, Ron Wyden, is expected to introduce a bill that would reinstate expired tax breaks, Illinois and Pennsylvania are raising some local taxes of their own.
GOP Rep. Dave Camp wants his recently unveiled tax reform plan to bring simplicity to a US tax code that is '10 times the size of the Bible with none of the good news.' It won't get traction this election year, but it starts the conversation.
Did President Obama's latest State of the Union speech offer enough specifics in his proposed changes in tax policy? TaxVox' Howard Gleckman writes that Obama needs to go further.
Over the years, tax policy has been a key tool in keeping the safety net that protects the nation's poor intact.
Under new legislation, tax subsidies for mass transit commuters is cut in half for 2014, while drivers got a boost to their tax breaks. This makes no sense.