Tax News

Trump’s Flip-Flop on Taxes

Trump and his advisers have shown a remarkable willingness to say whatever they think sounds best....
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Why the Trump Team’s Economic Promises Will Be Hard to Execute

The men chosen to lead the Treasury and Commerce Departments vow to cut taxes, increase growth and hold the line on deficits, testing the limits of ec...
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'No absolute tax cut' for the rich, says Trump's Treasury pick

Treasury Secretary nominee Steven Mnuchin describes a version of tax reform that differs from Donald Trump's at least in terms of how it would affect ...
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Indians Rush Frantically to Launder Their ‘Black Money’

Jewelers, high-end boutiques and other businesses are being inundated with buyers trying to purchase expensive items on backdated receipts....
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Tax cuts are coming, but maybe not as big as Trump promised

Donald Trump's tax plan calls for big tax cuts for all. What happens may be something less big, but still notable....
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Trump and Congress Both Want Tax Cuts. The Question Is Which Ones.

Tax reform is one thing President-elect Donald J. Trump and Speaker Paul Ryan can agree on, broadly, though the specifics can get thorny....
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Trump’s Changes to the Tax Codes May Encourage Dynastic Wealth

Donald J. Trump has proposed repealing much of the estate law and the tax benefits of philanthropy, giving wealthy families incentives to hold on to t...
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Handouts With a Twist: Rebuilding America’s Infrastructure

Cash grants would fight poverty, but they are politically unpalatable. Tying them to jobs repairing infrastructure could sway voters to support them....
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Why Trump may never release his tax returns

U.S. presidents have a tradition of releasing their tax returns while in office. Will Trump do the same? Here's why he may not....
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People in these 4 cities will have their say on the 'soda tax'

Only two U.S. cities have passed a tax on sugar-sweetened beverages. Now three more cities in California and one in Colorado may do the same, in an ef...
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Donald Trump’s Income Isn’t Always What He Says It Is, Records Suggest

Records of Mr. Trump’s tax appeals and other documents indicate that actual income from some of his businesses may be nowhere near what he has repor...
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These two states will vote to hike taxes on the rich

Maine voters will consider a ballot initiative to raise its top tax rate to 10.15% from 7.15% on those making more than $200,000. California is lookin...
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A Rare Moment of Unity on Capitol Hill, Thanks to Trump’s Taxes

Revelations that Donald J. Trump paid no federal income tax for years, or decades, have energized bipartisan efforts to overhaul the loophole-ridden t...
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Trump Probably Avoided His Medicare Taxes, Too

According to his disclosure form, the Republican didn’t receive a salary from the 200 companies he lists, so didn’t pay Medicare or Social Securit...
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Avoiding Taxes, Trump-Style

Having spent his career trying not to pay taxes, why would Donald Trump want to fix the system?...
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Clinton wants to double the child tax credit

As part of her broader proposal to make child care more affordable for families who need help the most, Hillary Clinton would increase the child tax c...
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What Trump and Clinton want to do to your tax bill

Read full story for latest details....
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