President Obama's 2014 budget would taxes on the highest-income American households, Gleckman writes, but middle-income households would also pay slightly more in taxes than under today’s law.
Months ago, several Republican governors proposed major tax reform plans, Gleckman writes, but by tax day, two of those governors had abandoned their tax reform plans. What happened?
Congress could simplify child-care tax benefits by harmonizing the maximum allowable expenses for both benefits, or eliminating one of the benefits altogether, Maag writes.
The release of President Obama's tax returns last week showed that his tax rate has gone down. Of course, his income went down and he gave a lot to charity, but critics are still chirping.
On Monday, both sides in the ideological battle over spending and taxes are seeking to reinforce the divide – with a 'red tape tower' and a federal taxpayer receipt.
Tax Day freebies are here to cheer you up on April's cruelest day. This year's tax day freebies include Arby's curly fries, Cinnabon, and a hydro massage.
President Obama is wealthy, but his income has been dropping in recent years, mainly due to a decline in book revenues. In releasing his 2012 return, the White House again pushed for tax reform.
President Obama's 2014 budget proposal calls for a so-called 'Buffett Rule' that would ensure that high-income households pay at least a minimum percentage of their income in taxes. It turns out that setting a floor on the taxes rich people pay is not so easy, Williams writes.