Tax News

Capitalists, Arise!: Q. & A. With Peter Georgescu

The author of a Sunday Review article arguing that capitalists must address rising income inequality responds to reader comments....
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The Kansas Experiment

My uncle Gene is a state legislator in Topeka. This year, he and his fellow Republicans tried to do something pretty drastic with the state budget. An...
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I.R.S. Targets Tax Dodge by Private Equity Firms

Private equity firms are permitted to convert management fees into capital contributions, and profits are treated as capital gains or dividend income ...
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The Inevitable, Indispensable Property Tax

Property taxes are the most stable way to fund government, and they cause less drag on gross domestic product than sales and income taxes....
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Rand Paul and the VAT That Dare Not Speak Its Name

A closer look at the presidential candidate’s new proposal for what he is calling a business-activity tax....
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Gridlock Over Deficit Is Broken in Kansas

An impasse ended Friday when the House and Senate agreed to pass a tax increase to address a $400 million budget hole, but not without some lasting br...
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Carly Fiorina Shows Us Just How Weird America’s Tax System Is

The Fiorinas had to file taxes in 17 states in 2013, many with only a tenuous link to their daily life or financial interests....
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IRS unveils plans to prevent tax fraud

The IRS, state tax commissioners and tax preparation companies are starting to collaborate in ways they never have before to combat tax-related identi...
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If Hastert Was Extorted, He Could Deduct Some Losses From His Taxes

It’s right there in I.R.S. Publication 17, Chapter 25: You can partly deduct losses because of theft, and extortion counts as theft....
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Pressure Rises for Higher Taxes

A broader shift in tax politics is rippling through the Republican world: Pressure to raise taxes, at least on the wealthy, is rising....
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To Fill Budget Hole, Kansas G.O.P. Considers the Unthinkable: Raising Taxes

As Kansas struggles to close a $400 million budget gap, even anti-tax Republicans are acknowledging that there is not much more to cut without signifi...
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Why Marco Rubio raided his retirement account

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Do you owe taxes on your college aid?

Scholarships, grants and fellowships make paying for college much easier. And having some of your student loans forgiven can be a great relief. But in...
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Record 1,335 Americans give up their passports

Hasta la vista, Uncle Sam! A record 1,335 Americans gave up their passports in the first three months of the year....
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Getting married? Get ready for a new tax bill

The financial costs and perks of getting hitched aren't limited to weddings. Your new marital status will be a factor when you file your taxes. For so...
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Obamacare took $729 bite out of tax refunds - H&R Block

A majority of H&R Block clients who had received federal help to pay for their health insurance in 2014 saw their tax refunds reduced. Why? They had u...
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This country has zero income tax for most workers

New data from the OECD shows the average worker in India pays no income tax and doesn't have to make any social security contributions....
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She mines popular memes for millions

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Dirty tax secrets: The little lies we tell on our taxes

Boosting a number here, reducing a number there. Whether inadvertently or intentionally, a lot of us may end up reporting a little bit of fiction on o...
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