Topic: Tax Foundation
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Briefing
Buffett rule: Five questions about Obama's plan answered
President Obama wants a proposed "Buffett rule" to make sure that millionaires pay at least a 30 percent federal tax rate. Here are five facts that shed light on the Buffett rule and the debate surrounding it.
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Herman Cain's 9-9-9 plan: What would your sales tax be?
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Top 5 conservative holidays
All Content
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Decoder Wire Obama's tax rate is 18.4 percent. Is that too low for a millionaire?
The release of President Obama's tax returns last week showed that his tax rate has gone down. Of course, his income went down and he gave a lot to charity, but critics are still chirping.
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Tax VOX The drawbacks of using states as tax-reform laboratories
With Washington apparently stuck in gear on taxes, it may be tempting to see the states as leading a way to reform, Gordon writes, but the idea of states as laboratories for federal tax reform is fundamentally flawed.
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'Fiscal cliff' deal: What will it mean for you?
Some aspects of the fiscal cliff deal are well-known – such as rising tax rates on the rich. But, actually, everyone will be paying more taxes. Here's a look at the deal's details.
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Presidential debate 101: Does Romney’s tax math add up?
Here’s a closer look at the tax reform proposals that Mitt Romney discussed during Tuesday night's debate. Do President Obama and others have a point in challenging the math?
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Mitt Romney's 14 percent tax bite: your guide to deciphering what's 'fair'
Many millionaires pay an effective tax rate much closer to Mitt Romney's 14 percent than to the official 35 percent top bracket. Preferential rates for investment income, including capital gains, are the reason. Is it time to change that?
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Economist Mom What would really happen with taxes under Obama vs Romney?
The Obama campaign has taken the recent analysis of Romney's proposed tax plan as an opportunity, creating an Obama 'tax calculator' where any household can plug in their own income level, marital status, and number of children, and compare what their tax burdens would be under Obama versus under Romney. But is it fair?
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Tax VOX Do higher education tax credits make sense?
Higher education is a good investment, and getting kids through school should be a top priority. But how should the government pay for it?
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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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Briefing
Buffett rule: Five questions about Obama's plan answered
President Obama wants a proposed "Buffett rule" to make sure that millionaires pay at least a 30 percent federal tax rate. Here are five facts that shed light on the Buffett rule and the debate surrounding it.
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Herman Cain's 9-9-9 plan: What would your sales tax be?
Herman Cain has vaulted into the top tier of GOP presidential candidates with his 9-9-9 tax plan, which would create a new 9 percent federal sales tax. But consumers would have to pay that sales tax on top of existing state and local sales taxes. Here are figures from the nonpartisan Tax Foundation that look at the total sales taxes in every state, adding up the state sales tax, a statewide average of the various local sales-tax rates, and the 9-9-9 federal sales tax.
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Herman Cain 9-9-9 sticker shock? 18% sales tax possible in some states.
Under the Herman Cain 9-9-9 tax plan, a new federal sales tax would be added on top of existing state and local sales taxes. That means 9-9-9 could yield large sales taxes in some places.
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Rick Perry's secret plan to save blue states from red states
Fiscal secession would actually benefit liberal states, which receive less federal tax benefit than their conservative counterparts
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Rick Perry: Where does he stand on health care, gay marriage, and taxes?
Rick Perry is under a national media spotlight. DCDecoder looks at Rick Perry's position on three key issues.
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Top 5 conservative holidays
Commemorating a day to call attention to a political cause has long been a tactic of liberals and those further out on the left. For instance, there's Labor Day, Martin Luther King Day, Earth Day, Gay Pride Day, May Day, and so on. Conservatives, by contrast, have largely stuck to fighting battles over the "true meaning" of traditional holidays observed by people of all political stripes, such as Christmas, Memorial Day, and the Fourth of July. Still, conservatives have tried to come up with holidays to tout, with varying degrees of success. Here are our top five:
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California 'Amazon tax' kicks in – and local businesses could be losers
A new state law requires large, out-of-state retailers to collect sales taxes on Internet purchases by California customers. The so-called Amazon tax has online retailers cutting ties with local affiliates.
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Why Minnesota? Possible state shutdown mirrors larger US debate
With tax revenues still low, state and federal budgets are tight – and across the nation, politicians are drawing lines in the sand.
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Taxes and the rich: How much do they pay now?
As Republicans square off with the Obama administration on how much to tax the wealthiest Americans, a new report suggests the overall tax burden does not vary much by income level.
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Will higher taxes deter entrepreneurs?
A failure to extend the current low rates on cap gains and dividends would be central to entrepreneurial concerns.
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Tax holiday: 'tis the season when many states waive sales taxes
Many states are implementing a tax holiday in the coming weeks, hoping to boost retail sales and let struggling families get more for their money in a down economy. Experts are divided as to whether the scheme actually drives more shoppers to make purchases
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Plastic bags: Untapped tax gold mine?
Plastic bags have been taxed in Washington, D.C., since January, bringing the city nearly $1 million for river cleanup. But can a bag tax bring revenue in the long term?
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When taxes rise next year, will the rich avoid them?
Extreme tax avoidance could frustrate Obama's plans to trim the deficit.
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Wealthy Americans shoulder health care tax burden
President Obama is 'spreading the wealth,' that is, taxing the rich and redistributing the wealth. Good policy or heavy-handed intrusion?
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Tax Day 101: 42 excuses you can't use to avoid filing IRS forms
The IRS has released a list of 42 'contentions' that people make when they don't want to file their IRS forms on tax day, including 'I am not a person.' None fly legally, the IRS says.
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Tax Day 101: The tax code needs a fix – but exactly how?
Almost everyone agrees that the US tax code needs fixing, but people don't agree on how to do it.
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Tax day 101: Are some states driving people out with high state taxes?
Seven of eight states with the biggest population outflows have high state taxes.
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