Topic: Alternative Minimum Tax
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Opinion 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'
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Tax VOX Why Congress actually failed on payroll tax
After months of squabbling, it looks as if Congress is about to extend a “temporary” tax cut for another 10 months, borrowing $100 billion to do it. That would be OK if this was just a short-term stimulus.
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Economist Mom How to tax millionaires, the right way
When it comes to taxing the wealthiest Americans, some methods are better than others in leveling the playing field.
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Tax VOX What tax reform would mean at the state level
Congress could go a long way towards fixing the federal system without destroying state revenue codes—but only if reform is done carefully.
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Tax VOX What is a 'value-added tax' and what can it mean for the economy?
A well-designed Value-Added Tax, a national consumption levy that would tax household purchases of all goods and services, could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit.
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Economist Mom New economic outlook report is overly optimistic
The Congressional Budget Office’s economic outlook is out, and it doesn't seem all that bad Except that the CBO baseline is a projection of current-law policies, which assume a lot of very optimistic things about Congress’s proclivity toward fiscally responsible behavior.
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The Vote CBO knows its deficit forecasts are too cheery. So what will really happen?
The CBO is forecasting a $1.1 trillion deficit in 2012, followed by several years of a much lower amount. But CBO officials know that's a fantasy, so it has prepared a more pessimistic outlook.
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Romney tax return shows he paid $3 million. His tax plan wouldn't bump that.
The wealthy GOP presidential candidate paid about 14 percent of his income in taxes in 2010, the Romney tax return shows. That's a lower rate than most middle-class Americans pay. Under Romney's tax reform plan, his tax bite would not change.
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Mitt Romney to release his taxes: beyond the obvious ($$), six things we can learn
Mitt Romney is releasing his 2010 tax returns and estimated 2011 taxes on Tuesday, providing information on his income, deductions, and how the wealthiest Americans navigate the system.
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Tax VOX Santorum's tax plan: Cuts for (nearly) all
Santorum would cut taxes for nearly all households making $40,000 or more. But the impact on the deficit would be enormous: Santorum would cut taxes by roughly $1 trillion in 2015 alone.
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Tax VOX Congress is back, and more combative than ever
The least popular Congress in recent memory is back for another year of squabbling over tax policy. Will lawmakers finally reach an agreement over last year's unfinished business?
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Tax VOX Romney's tax plan: Big benefits for the wealthy, higher deficits
Mitt Romney’s tax plan would cut taxes for millions of households but bestow most of its benefits on those with the highest incomes. At the same time, it would significantly cut corporate taxes and add hundreds of billions of dollars to the deficit.
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Tax VOX Gingrich's tax plan: Big cuts, big deficits
Newt Gingrich is proposing a massive tax cut aimed at the highest earning American households. His plan would add about $1 trillion to the federal deficit in a single year.
12/13/2011 08:00 am -
Tax VOX Two options for fixing the nation's budget mess
With congressional deficit reduction efforts largely collapsed, the question remains: What are we going to do about the nation’s long-term budget crisis?
12/08/2011 04:00 pm -
Tax VOX The problem with Perry's optional tax
Rick Perry says you can either pay his new tax or pay under today’s system, whichever results in a lower bill. That sounds great, but it is a policy disaster.
10/28/2011 03:00 pm -
Opinion Obama's 'Buffett tax' plan hurts hardworking average families, too
Obama’s new tax initiative supposedly targets millionaires, but he is also proposing limits to deductions and exclusions for families making $250,000 or more. That would hurt average, hardworking families living in high-cost regions.
09/26/2011 12:37 pm -
Tax VOX Everything you need to know about Obama's $3 trillion debt plan
The Buffet rule, "class warfare," and the key role of taxes in the $3 trillion debt plan
09/20/2011 01:00 pm -
Economist Mom Obama's deficit reduction plan: Worse than nothing
Doing nothing (other than letting the Bush tax cuts expire on schedule) would be better than the current plan
09/20/2011 11:00 am -
From jobs plan to tax cuts, can deficit ‘super committee’ handle mission creep?
The bipartisan deficit 'super committee' is charged with finding $1.5 trillion in savings over 10 years. Can it find $450 billion more to fund Obama's jobs plan? Can it find $4 trillion? More?
09/14/2011 06:49 pm -
The Reformed Broker Jon Huntsman: tax smasher
The dark horse presidential candidate rolls out his jobs plan
09/01/2011 01:00 pm -
Tax VOX How Congress can cap tax breaks
It's possible to reduce tax subsidies for wealthy Americans and reduce the deficit. Here are three proposals how:
08/12/2011 03:22 pm -
Who's who on Congress's debt 'super committee'
Congress has created a special super committee to devise a way to cut at least $1.2 trillion from US spending in coming years. Its real name is the Joint Select Committee on Deficit Reduction, and its deadline is Nov. 23. If a majority of the bipartisan, bicameral committee approves the plan, it goes to the House and Senate for a vote, and they must act by Dec. 23. If the plan is voted down, automatic spending cuts are slated to occur. Here are the 12 lawmakers serving on the super committee.
08/11/2011 09:23 pm -
'Gang of Six' plan hailed as debt-ceiling breakthrough. What's in it?
The proposal by the 'Gang of Six' senators Tuesday draws on ideas from the deficit commission. The middle-of-the-road plan will have to overcome partisan concerns and a lack of time.
07/19/2011 10:53 pm -
Opinion How to reform entitlements and save the American dream – without raising taxes
The Heritage Foundation budget plan shifts Social Security benefits to a needs-based insurance program. It ditches Obamacare and changes Medicare to a 'premium support plan.' And it simplifies the tax code.
06/21/2011 11:25 am -
Tax VOX Michele Bachmann would knock 20,000 millionaires off tax rolls
Michele Bachmann wants to get rid of taxes on capital gains, which would take certain millionaires off of income tax rolls
06/17/2011 11:49 am -
Tax VOX The ‘People’s Budget’ and high tax rates
The House GOP budget would only use spending cuts to reduce the deficit, but the left's would raise taxes and cut defense spending
04/29/2011 03:43 pm
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