Topic: Alternative Minimum Tax
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6 ways to avoid the 'fiscal cliff'
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
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Briefing
Obama vs. Romney 101: 5 ways they differ on debt and deficits
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
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The Paul Ryan budget: your guide to what's in it
Rep. Paul Ryan, Mitt Romney's running mate, is best known for drawing up a series of spending-and-tax plans meant to challenge the Obama administration's policies from the right. But it's been some time since his latest budget, which Mr. Ryan terms a "path to prosperity," was released. Here's a primer on what's in it.
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Could 'fiscal cliff' push US into recession? Four questions answered.
The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
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Who's who on Congress's debt 'super committee'
All Content
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Briefing
Obama vs. Romney 101: 5 ways they differ on debt and deficits
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
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Tax VOX Where was tax reform at the GOP convention?
In last night’s acceptance speech, Mitt Romney sketched out his personal biography and delivered an effective brief on why we shouldn’t reelect President Obama. But, oddly, when it came to taxes he was nearly silent.
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Tax VOX Low taxes, smaller government, but not a balanced budget?
Our tax expert crunches the numbers of the Paul Ryan financial plan. end result? While Romney's pick for vice president is often called a deficit hawk, in fact balancing the budget is not one of his high priorities.
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The Paul Ryan budget: your guide to what's in it
Rep. Paul Ryan, Mitt Romney's running mate, is best known for drawing up a series of spending-and-tax plans meant to challenge the Obama administration's policies from the right. But it's been some time since his latest budget, which Mr. Ryan terms a "path to prosperity," was released. Here's a primer on what's in it.
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Tax VOX Romney tax plan 'conceptually' close to Simpson-Bowles? No way!
Romney tax plan avoids several key Simpson-Bowles proposals that would raise taxes overall and reduce the deficit. Instead, Romney tax plan relies solely on mostly unspecified spending cuts to trim deficit.
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Tax VOX Mitt Romney's tax plan doesn't add up
Mitt Romney's tax plan may not hike taxes for the middle class, as the Obamam camp claims. Still, the plan is so full of contradictions that Mitt Romney won't be able to do everything he promises.
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Tax reform takes bipartisan step in Senate. Could something come of it?
To 'develop trust' before taking on the heavy lifting of tax reform, Senate tax-writers are attempting to proceed along bipartisan lines, starting with the extension of a reduced number of expiring tax breaks.
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House to vote on GOP plan to simplify US tax code, minus the details
A House vote is likely Thursday on a Republican bid to simplify the tax code, including cutting the top rate for individuals and corporations to 25 percent. But the plan is long on principles and short on details, including what tax breaks to eliminate.
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Tax VOX Dueling tax bills: What each Senate proposal means for you
Soon, the Senate will vote on the first of two competing efforts to temporarily extend tax cuts passed between 2001 and 2010. Neither the Democratic nor Republican measures will pass in the hyper-partisan Senate, but it is instructive to see how the measures stack up.
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Tax VOX How to jump off the fiscal cliff into a tax cut
By jumping off the fiscal cliff, Congress can magically turn a tax increase into a tax cut. All it has to do is let existing tax cuts expire.
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Tax VOX Trimming tax breaks to cut rates is a lot harder than it looks
It's not impossible for pay for individual tax rate reductions by cutting tax expenditures. But it is very hard. Congress could fix that huge distribution problem by raising tax rates on capital gains and dividends — but it is a very unpopular platform.
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Decoder Wire Fiscal zombie apocalypse in Washington? Obama and Congress on taxes. (+video)
Lawmakers and the White House keep putting off tough fiscal and political decisions until after the elections, prompting criticism that this is a 'Zombie Congress.'
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Tax VOX The great tax debate: Dueling Congressional tax proposals clash
While optimists may hang on to the small morsels of agreement between Senator Baucus and Representative Camp's tax reform proposals, in general the dueling plans are opposites, making bipartisan cooperation on the issue seem unlikely.
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Key Senate Democrat resists push to renew Bush tax cuts before election
House Republicans want to extend the Bush tax cuts sooner rather than later. Sen. Max Baucus, Senate Finance Committee chief, said Monday the tax code is a 'hydra' – and that lawmakers should lay groundwork and trust before tackling it.
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Tax VOX A better way? The case for a new kind of tax reform
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?
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Could 'fiscal cliff' push US into recession? Four questions answered.
The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
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Tax VOX Will Obama's views on tax reform 'evolve' too?
Will Obama's public support of marriage equality spill over to financial matters?
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Tax VOX Tax Day: How easy filing makes the tax code complicated
Our current insanely complex tax rules are made possible by technology. Yes, computer software makes filing easier, but that may be the problem.
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Difference Maker Tax day: 1040 reasons you should know Nina Olson
Nina Olson is the National Taxpayer Advocate – the voice of the public at the IRS. She's trying to help you navigate the tax code you love to loathe.
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Tax VOX Shocker: Paul Ryan's budget means more big tax cuts for the rich.
The tax cuts in Paul Ryan’s 2013 budget plan would result in huge benefits for high-income people and very modest—or no— benefits for low income working households. No surprise here.
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Tax VOX Ryan's mystery meat budget
House Budget Committee Chairman Paul Ryan (R-WI) released a fiscal plan that promises trillions of dollars in tax cuts and a nearly balanced budget within a decade, but never says how he'd get there.
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Paul Ryan releases new GOP budget plan: What's in it?
The Republican House budget, released by Rep. Paul Ryan, scales back Medicare reforms that hurt GOP candidates last year, but sharpens contrast with President Obama on debt.
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Tax VOX How will Romney account for billions of lost revenue?
Romney rolled out a new tax proposal after many Republicans blasted his initial plan as too cautious. His plans to cut income tax rates by 20 percent and eliminate the Alternative Minimum Tax sound appealing, but he offers no specifics on how he'll offset the billions in lost revenue.
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Tax VOX Romney's new tax cuts are a deficit nightmare
Romney wants to reduce individual tax rates by 20 percent across the board. Sounds good, but it would increase the deficit to the tune of $3 trillion.
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Tax VOX Why GOP candidates would make the national debt worse
Which Republican Presidential candidates would successfully eliminate the deficit and national debt? According to a new analysis from the non-partisan Committee for a Responsible Federal Budget, none of them would.
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