|Filed Under:||Business & Finance|
|Posts on Regator:||345|
|Posts / Week:||2.4|
|Archived Since:||February 28, 2011|
By doing nothing, the Supreme Court has taken a giant step toward ending the decades-long dispute over whether states can require online retailers to collect sales taxes.
IRS is the last agency that should be defining political speech. This should be Congress’ job.
If Congress and the White House take the opportunity to drag out the next fiscal crisis through spring, it will make it impossible to accomplish anything of consequence between now and next November’s elections.
Given all the tax credits involved in the Affordable Care Act, it makes a lot of sense to make your purchase of health insurance a relatively seamless part of filing your tax return.
Stories about the Affordable Care Act often tell readers that they’ll have to pay a $95 penalty if they don’t get adequate insurance coverage. But, like a lot of other things I read about the health law, that’s not quite correct. The penalty (which the Supreme Court said is actually a tax) could be less or, more likely, a [...]
Congress, not the IRS, needs to step up stop political operators from abusing a formerly obscure part of the tax code to collect money from anonymous donors and distribute it to other groups, thus creating additional layers of anonymity for their big bucks contributors.
Congressional negotiators are trying to craft a budget deal by mid-December. Fareed Zakaria’s Global Public Square asked 12 experts what they hoped that deal would include. My suggestion: it’s time to fix the budget process: Odds are slim that the budget conference will deliver anything big on substance. No grand bargain, no sweeping tax reform, [...]
Lawmakers are considering gimmicks to raise new tax revenue—at least on paper—without actually increasing taxes, as well as even darker Halloween magic that would allow them to purport to raise revenues by cutting taxes.
Who benefits the most from the tax subsidy for municipal ? The easy answer is: Rich people who buy most of the tax-free paper. That’s true, according to a new analysis by my colleagues at the Tax Center, but the story isn’t quite that simple. If you look more closely, it turns out that others [...]
Given the fiscal chasm between the House and Senate budgets, a big deal in three months is far beyond reach. But policymakers might actually get to yes on a mini-deal. Here's how.
Congress has just shuttered much of the federal government for more than two weeks and risked a market-shattering federal default, and the sum total progress that's come out of it is to schedule a meeting of budget negotiators that should have taken place in March.
If Congress doesn't raise the national debt limit, the U.S. Treasury may have enough financial wiggle room to put off default until Nov. 1. But it's extraordinarily dangerous for politicians to assume they have any additional time to strike a deal.
You’ve probably heard that Treasury will hit the debt limit on October 17 and soon thereafter it won’t be able to pay all of America’s bills. That second part is true: Congress needs to act soon—preferably before the 17th—so Treasury doesn’t miss any payments. But the first part isn’t: Treasury actually hit the debt limit [...]
The White House has signaled it would go along with a six-week extension of the debt limit while engaging in budget talks. Like many ideas that win bipartisan support these days, this one is terrible.
If the president cracks under the pressure, lawmakers of both parties will learn a simple lesson: You get what you want by forcing a government shutdown. It will happen again and again. And most of us will come to regret it.
The Republicans' latest tax reform gambit is yet another bit of political sleight of hand masquerading as serious fiscal policy.
As long as a significant faction of the House GOP insists on defunding the Affordable Care Act, there can be no middle ground in the fiscal showdown this fall.
While relatively few low-income people pay federal income tax, a large and growing share owe Social and Medicare payroll taxes, according to new estimates by the Tax Center. As a result, while about 43 percent of all households will pay no federal income tax this year, only 14 percent will pay neither income nor payroll [...]
With the market for trusts withering due to the expansion in exemptions from the federal estate tax, estate attorneys are turning to finding ways for rich clients to shuffle money to relatives with the aim of reducing income tax liability.
Parents and students today are excited by the prospect of getting tablets to replace textbooks and notepads. But the focus on the devices is a little like getting excited about the glossiness of the paper in a history book rather than the content. Show More Summary