Although The Irish Times recently published an article claiming Ireland's economy has lurched back into recession, Karlsson argues that GDP is a poor measure of how the country is really doing. Ireland is actually recovering from its economic slump, Karlsson says.
For about 75,000 married same-sex couples, the Supreme Court's decision to strike down the Defense of Marriage Act could mean the IRS will hand out nearly $200 million in refunds, Burman says.
With a budget that is facing a $700 million shortfall, Kansas has set the stage for a perpetual budget crisis, Francis argues. Although lawmakers are trying to attract businesses to the state, the financial uncertainty and deficits Kansas will grapple with will undermine such efforts, he says.
Just about everyone benefits from tax preferences, Gleckman writes, a conclusion reaffirmed by a new Congressional Budget Office report on the distribution of tax expenditures.
The IRS has interpreted our tax laws to allow big corporations and wealthy individuals to make unlimited secret campaign donations through sham political fronts, Reich writes.
In spite of its widespread use and large fiscal cost, the mortgage interest deduction does little to promote home ownership, Toder writes. It provides no subsidy to the nearly two-thirds of taxpayers who do not itemize and only a modest subsidy to those in the 15 percent bracket.
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.