All Tax VOX
Tax reform: How Ron Wyden will shape taxesSen. Ron Wyden (D) of Oregon is poised to become the new chair of the Senate Finance Committee. Mr. Wyden is the sponsor of a major tax reform plan that would reduce both individual and corporate tax rates without adding to the deficit or changing the current distribution of taxes among income groups very much, Gleckman writes.
10 worst tax policies of 2013If 2013 is remembered for anything, it may be for all that didn’t happen when it comes to tax policy and fiscal policy, Gleckman writes. Here’s hoping 2014 is more productive.
Who benefits from the biggest tax expenditures?For the 10 biggest tax expenditures, there's a great variation among the benefits. The rich get an outsized share of the subsidy from some, while low-income households enjoy most of the benefits of others
How does your county's income tax compare with the rest of the US?Federal income tax makes up a substantial portion of the country's revenue stream, but burdens vary substantially across counties. How does your county stack up?
Taxes in 2013: from the Fiscal Cliff to tax reform talksThe year in taxes started with the nation toppling, briefly, over the fiscal cliff. And it ended with some interesting policy proposals on tax reform.
Where will tax rates go in 2014?Tax rates have been rising since 2009, and they will continue to do so for a few more years until they flatten out.
Budget deal won't raise taxes, but many will still pay moreThe budget deal announced Tuesday wouldn’t raise taxes. But the plan will collect billions of dollars in new revenue by boosting fees and increasing workers’ contributions to the Federal Employee Retirement System.
Obama is right; US income inequality still growingPresident Obama has been decrying our nation;s rising income inequality, and now he has some new ammunition. CBO's latest report on household income and taxes shows that the rich have indeed gotten richer.
Supreme Court opens the door for online sales taxThe Supreme Court ruled that states have broad authority to require Internet sellers to collect sales taxes, just as their Main Street competitors must. And, in a delicious bit of online irony, the justices did it on Cyber Monday.
The next debt limit fiasco could be worseCongress’s latest flirtation with debt-limit default caused barely a ripple in the financial markets. Next time, that may not be the case.
Baucus proposed international tax reform but future action remains uncertainIn an effort to jumpstart international tax reform, Senate Finance Committee Chairman Max Baucus is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. Though the plan is advancing tax reform discussions, it leaves many controversial issues unresolved, Gleckman explains.
Why the debt limit won't expire in FebruaryLast month, Congress and President Obama agreed to reopen the government they had closed and suspend the debt limit until February 7. But, in your nation’s capital, February really means March. Or May. Or possibly June.
It's time to fix the US budget processIn principle, Congress ought to make prudent, considered decisions about taxes and spending programs. In reality, we’ve lurched from the fiscal cliff to a government shutdown to threats of default. It's time to fix how we decide the budget.
Property taxes: how they stack up state by stateWhen it comes to property taxes, location matters. A new report looks at just how much property taxes vary across states and counties.
Why not use tax preparers as a portal to health exchanges?As issues with the HealthCare.gov website continue to arise, people need a better way to buy insurance. Health insurance purchases should be part of filing tax returns, Gleckman explains.
The Democrats' never-ending search for tax loophole closersSenate Democrats have proposed closing over a dozen tax 'loopholes' as part of a budget package. Gleckman examines how closing these 'loopholes' could be beneficial to the budget but why it's unlikely to happen.
Narrow tax hikes win support on election day 2013In 2013, voters in several states seem to be hungering for more tax revenue, Francis writes, though sometimes from unusual sources and decidedly not by raising income taxes.
How big is the penalty for not getting health insurance?The penalty for not getting adequate health insurance is likely higher than the assumed $95. Williams explains how the penalties vary and how big they can get.
Do campaign finance middle-men deserve tax-exempt status?Newly-disclosed information shows that tax-exempt political organization are increasingly taking advantage of their status. Do they still deserve their tax-exempt status?
In budget talks, new revenue remains a sticking pointThe issue of new revenues has already raised its head in negotiations over the budget. Here are some of the gimmicks lawmakers are using to try to raise new tax revenue without actually increasing taxes.
