Even though the plan has zero likelihood of passing in a Republican-controlled Congress during an election year, the motivations behind Obama’s proposal deserves a closer look.
Hillary Clinton’s call this week to increase taxes on the wealthy and close “loopholes” didn’t address the candidate’s own moves to shield at least part of the value of her New York home from the estate tax.
“Fair Share Surcharge” would be imposed on taxpayers who make more than $5 million a year, and is expected to raise $150 billion over a decade.
The end of the year is a good time to consider harvesting some capital losses. By doing so, you may ultimately be able to trim your losses and your taxes — as long as you complete any sales by the end of the year.
Current gift tax laws allow for some pretty hefty exclusions for the giver. But, of course, as with anything to do with taxes, there are some very particular dollar figures that you should be aware of.
With time rushing by and the end of 2015 in sight, you may be lamenting that you haven’t accomplished all that you had planned. But even if you’ll have to put off certain things until 2016, you still have time this year to make some smart financial moves.
In a conservative Republican state, how does a governor raise taxes, issue bonds and ask local taxpayers to pay even more for transportation?
With the U.S. tax code now permitting companies to use brazen tax avoidance schemes in true tax havens, the real question is now whether corporations should have to pay any taxes on their profits at all.
Hillary Clinton will announce Monday what aides call a far-reaching plan to restructure the economy to move more of the nation’s wealth to middle- and low-wage earners.
Dallas County citizens paid over $467 million in taxes last year in order to cover care for the uninsured, a cost that could be reduced by expanding Medicare.
It turns out publishing the names of tax scofflaws and the amounts they owe on the Internet works spectacularly well, bringing in millions to states eager for the revenue. In many cases, just the threat of being on the list is enough to get delinquent taxpayers to pay.
Why should tax-exempt bonds — created to help cities, towns, and states pay for needed infrastructure — go to benefit mega-businesses like sports clubs?
Voters should listen closely to the Republicans who assert that they are the true spokesmen for the working class. What do they propose to address inequality? And how “authentic” is their concern?
Republican lawmakers always tell us there isn’t enough money. But in fact there is plenty — it’s just hard to find when an entire class of taxpayers can avoid paying their share.
Click above to see Oliver team up with special musical guest Michael Bolton for a musical ode to the IRS — even if it involves a certain unattractive part of the human body.