401(k) limit for 2012 tax year will be $17,000. IRS raising 401(k) contribution limit by $500 a year to account for inflation.
The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
At Tuesday's GOP presidential debate, Mitt Romney fielded questions deftly, attacked when given an opening, and stayed out of jab-fests. Contenders so far haven't knocked him off stride.
The Buffet rule, "class warfare," and the key role of taxes in the $3 trillion debt plan
Why progressive ideas like wage increases and medicare won't be mentioned during presidential debates
Back taxes plus interest amount to $500 million so far. The IRS program allows tax cheats to declare their assets overseas, pay back taxes, interest, and reduced penalties, and avoid jail time.