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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Remember the 2012 budget? At last, a close look.
An analysis of Obama's 2012 budget shows there would be fiscal improvement but not stability.
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources. Here’s a look at five key head-scratchers in the 2012 budget:
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Obama's 'have it all' budget: Can he cut, spend, and grow?
Obama's $3.7 trillion budget proposal would produce a $1.1 trillion deficit for fiscal 2012 – less than this year’s projected deficit of $1.65 trillion. Republicans, predictably, call for more spending cuts.
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Why the CBO may not believe all its own deficit projections
The CBO predicts a deficit of $1.5 trillion for 2011, but then steadily falling amounts through 2014. Good news? Not really. The CBO had to make assumptions about US policies its officials seem to have little faith will be implemented.
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PAYGO in the House: What it means – and won't mean
House rules now require that new spending be matched by new spending cuts. What will this actually mean? Not as much as you might think.
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Biggest problem facing taxpayers? The tax code
The time to reform the tax code was long before now. But that’s no reason why President Obama and Congress shouldn’t get started.
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Obama-GOP tax deal: bipartisan, yes, but not stimulus and not smart
Which is a better use of $850 billion dollars: spending it strategically or leaving it in taxpayer pockets?
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Unemployment benefits and tax cuts: winners and losers of the Obama-GOP tax deal
Unemployment benefits and tax cuts will help middle class Americans, argued President Obama. True, but the plan helps everyone else, too – except the ballooning deficit.
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Estate tax deal: worst part of a bad tax compromise
Estate tax provision would exempt first $5 million and charge only 35 percent on the rest of wealthy estates.
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Let's not do the crazy thing with the Bush tax cuts
How can leaders proclaim their intent to get our fiscal house in order, while arguing to keep (forever) the fiscally-reckless and economically-ineffective Bush tax cuts?
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Would the Bowles-Simpson proposal raise or lower your taxes?
How will a proposed budget affect your taxes? It depends entirely on how you define now. 'Current law' and 'current policy' turn out to be very different baselines.
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Deficit reduction plan would tax health insurance
No more tax breaks for employee health insurance plans, according to Bowles-Simpson deficit plan.
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Want a vacation from paying taxes? BPC takes on the deficit.
The Bipartisan Policy Commission has released a tax reform plan that slashes spending and reinvents tax policy: starting with a year-long payroll tax holiday.
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Bowles-Simpson plan raises everybody's taxes
Bowles and Simpson want to raise taxes across the board while lowering rates. How? Ending deductions and credits.
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What will the lame duck Congress do with the Bush tax cuts?
Congress desperately needs to pass continuing budget measures and 2010 (yes, 2010) tax policy, but will they?
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Surprise! You got a tax cut! (You just didn't notice.)
Many Americans got a tax cut last year, but most didn't notice the decreased payroll deductions. It might be good economics, but it's bad politics.
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Can you spot the stealth tax hike?
If Congress misses another tax deadline, 27 million taxpayers face an unsuspected tax hike.
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Between a fiscal rock and a hard place
The Congressional Budget Office paints a tough choice: either shrink the deficit or tackle unemployment. Can Congress steer a middle path?
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Will Congress let the Bush tax cuts expire?
The battle will get ugly this fall as Congress debates whether to let the Bush tax cuts expire, and for whom.
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Should Congress extend the Bush tax cuts?
The best course may be for Congress to extend low- and middle-class provisions of the Bush tax cuts for a year or two, and use that time to design a serious tax reform.
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Why taxes need to come up, but tax rates don't have to
Current tax law is likely not the best way to raise the current-law level of revenues; we need to find the new sources of revenue from the broadest, most efficient tax bases available to us.
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Why taxes are going up
Revenues are on track to rise substantially in coming years, not just because of an economic rebound and expiring tax cuts. Our current tax structure ensures that revenues will grow faster than the economy.
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One step Congress can take to avoid bringing Greece's fiscal problems home
An good option for increasing revenue is a simplified Alternative Minimum Tax.
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You pay someone to fill out IRS forms? Outrageous!
Call it Uncle Sam's hidden mandate. IRS forms are so complex 89 percent of taxpayers spend money for help getting them filled out.
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Health care reform bill summary: powerful tax bombs, delayed fuses
The summary of the tax impact of the health care reform bill is that many of the big taxes to fund the legislation kick in later. Will they ever be paid?
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