The latest news on federal taxes
Lobbying against sin taxes is socially wasteful, and the burden of the taxes falls most heavily on the poor.
WASHINGTON (AP) — The nation's tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements. That's the equivalent of 3 million people working full-time, year-round.
Small progress is better than no progress at all.
When taxpayers have a light tax burden, they are more likely to want a bigger government.
As House Speaker talks of breakdown, stock market sells on uncertainty.
Retailers could suffer if Congress doesn't provide clarity soon about the "fiscal cliff."
Most voters are resigned to tax increases. The GOP is finally catching up.
Congress and the Obama administration must recognize how important the nonprofit sector is.
A drop in stock prices, already underway, could intensify as the fiscal-cliff draws nearer.
Obama takes questions from reporters for first time since re-election.