Tax News

Top 1%: What they made, what they paid

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The other Bush on taxes

Jeb Bush, the former two-term governor of Florida and scion of one America's most influential political dynasties, has left a long trail on taxes....
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Meet the 'accidental American' with a big tax bill

Israeli citizen Elad Shahar may owe the U.S. government $6,000 in taxes, even though he hasn't lived in America since he was seven and has never earne...
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The 2014 tax breaks you'll be able to take

Congress waited until the last minute to decide what to do with a slew of expired tax breaks. They extended most of them, and a handful will affect in...
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5 fat roadblocks in the way of tax reform

There's consensus on what needs to be done to reform the corporate tax code in 2015. But there are many reasons it likely won't happen....
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Nobody escapes U.S. taxes - even astronauts

Americans just cannot escape the Internal Revenue Service -- even by strapping on a space suit and blasting themselves into outer space....
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Brownback’s Tax Cuts Not Set in Stone as Kansas Faces Budget Shortfall

Within days of winning re-election, Gov. Sam Brownback was confronted with forecasts that the state would bring in a billion dollars less than initial...
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Giving up your U.S. passport? It's going to cost you

Thinking about bidding Uncle Sam goodbye? Not so fast. Renouncing your U.S. citizenship isn't cheap, and can result in enormous tax bills for decades ...
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Senator Tom Coburn: Congress hands out 'targeted tax breaks to the well-connected'

Retiring Republican Senator Tom Coburn has a parting gift for his fellow lawmakers: A 320-page report detailing wasteful, poorly targeted or misused t...
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Why I’m Giving Up My Passport

Onerous and outdated tax-filing requirements make life very difficult for American expatriates....
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Amid Tensions with Business Leaders, Obama Details His Agenda

President Obama sought to overcome tensions with business leaders at a nearly two-hour meeting with top executives, seeking their help with corporate ...
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The Next Tax Fight

Congress is back to debating tax breaks, mostly for corporations and the wealthy....
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The money at stake in the tax break fight

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Your tax breaks in limbo as Washington quarrels

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Panel Details Plan to Give Scotland More Powers

Under new recommendations, the Scottish Parliament would set income tax rates and brackets, and the region would get a larger share of welfare spendin...
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Prisoners got $70 million from fake tax refund claims

In 2012, nearly 138,000 inmates filed for a total of $1 billion in fraudulent refunds, according to a report from the Treasury Inspector General for T...
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Top 400 richest taxpayers earned an average $265 million in 2010

The richest of the rich earned much more in 2010 than in 2009, and their federal income tax bill as a percent of their income fell....
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London mayor refuses to pay U.S. tax bill

London mayor Boris Johnson may be contemplating cutting up his U.S. passport after being presented with a hefty tax bill....
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Bill de Blasio Defends Al Sharpton After Report on Tax Woes

The New York City mayor began his defense of Mr. Sharpton, a close ally whose access to the administration has attracted scrutiny, by calling him an â...
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Inequality, Unbelievably, Gets Worse

Have we become inured to the struggles of the working class?...
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