Tax News

Wealthier New Yorkers Aren’t Fleeing the City for Tax Havens, a Study Says

The Independent Budget Office found that the share of higher-income households that moved from the city in 2012 equaled that of lower-income household...
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Treasury Auctions Set for the Week of July 21

The following tax-exempt, fixed-income issues are scheduled for pricing this week....
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Kansas’ Ruinous Tax Cuts

Gov. Sam Brownback’s ill-advised tax policy has contributed to the state’s plummeting revenues....
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The world's worst tax return?

For expat pilots, following the IRS rules to the letter means a tax headache that lasts 365 days a year....
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Illinois: Governor Largely Approves Budget

Gov. Pat Quinn on Monday largely approved a 2015 state budget that he had criticized as incomplete for not extending a temporary income tax increase....
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Charlatans, Cranks and Kansas

The state’s economy is in terrible shape after huge income-tax cuts — another case of big money selling bad ideas....
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Yes, if You Cut Taxes, You Get Less Tax Revenue

In 2012, Kansas passed a big and unusual tax cut in the name of small business. But now the state is grappling with a shortage in tax revenue that is ...
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One year later: Same-sex marriage ruling's impact

Read full story for latest details....
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Johnnie M. Walters, I.R.S. Chief Who Resisted Nixon’s Pressure, Dies at 94

Mr. Walters was a commissioner of the Internal Revenue Service under President Richard M. Nixon who left office after refusing to prosecute people on ...
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One year later: Same-sex marriage in the U.S.

A state-by-state look at the different same-sex marriage laws and how they impact couples from a financial perspective....
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Saying No to Austerity, Spain Unveils Tax Cuts

The government has approved plans to cut company and income taxes in 2015 and 2016 in a bid to bolster spending and investment....
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The Unexpected Ceasefire in Washington’s Tax Wars

The reasons for a pause in advancing tax plans are partly practical, but philosophical shifts have also played a role....
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Treasury Auctions Set for the Week of June 16

The following tax-exempt, fixed-income issues are scheduled for pricing this week....
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Do the top 1% pay enough taxes? Too much?

Majority says 'No' in CNNMoney's American Dream poll, while 25% say they pay the right amount. Another 19% say they pay too much....
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IRS: 4.7 million made at least $200,000

More than 99% of high-income returns in 2011 had some tax liability, and the majority owed between 15% and 30% of their income in federal income taxes...
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Federal workers owe IRS $3.3 billion

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IRS said to make $13B in improper refunds

The U.S. government doled out more than $13 billion last year in improper payments of a tax credit meant to help the working poor, according to a gove...
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Should you pay a higher gas tax?

A federal trust fund for highway repairs, funded mostly by a gas tax, faces a shortfall. If Congress doesn't act soon, Washington will need to slow pa...
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Who pays the most income taxes?

Well whaddaya know ... the average American pays more in tax and social security than Canadians, Australians, the Japanese and the British....
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The biggest tax breaks in 2014

Lambasting corporate tax "loopholes" makes for a rousing populist speech....
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