|Filed Under:||Business & Finance|
|Posts on Regator:||356|
|Posts / Week:||2.2|
|Archived Since:||February 28, 2011|
Just in time for this year’s tax filing season, the Tax Center has updated its marriage bonus and penalty calculator. The new calculator lets you see how marriage affects a couple’s income tax liability by comparing their tax bills filing as singles and as a couple for either the 2013 or 2014 tax year. A [...]
The USOC successfully clings to the image of helping the amateur athlete who competes for the love of sport, but reading through its financials, it sure looks like a business.
An increase in the minimum wage to $12 an hour would pour some $150 billion of extra income a year into the sort of households that spend every dollar they earn, producing an enormous, ongoing economic stimulus program. And a large share of those billions would go toward boosting the revenues at Wal-Mart, McDonald's and the other corporations that employ those same workers.
Senator Ron Wyden (D-OR), about to become the new chairman of the Senate Finance Committee, said Friday that he aims to eventually rewrite what he described as a “dysfunctional, rotting mess of a carcass that we call the tax code.” But in an acknowledgement of the challenges of tax reform, Wyden said he wants to [...]
This guest post is by Michael Sekora, director of the Reagan administration’s Socrates Project and head of Operation U.S. Forward. In President Obama’s State of the Union Address last week, he put forth a call to arms for Americans to work to rebuild the country’s manufacturing base. The underlying assumption is that by doing so, [...]
I was chatting the other day with a fellow budget wonk who noted the cruel paradox of fiscal politics: When the economy is bad, deficits rise and the public support for reducing them grows. Yet a poor economy is the worst possible time to raise taxes and cut spending. By contrast, a period of strong growth [...]
This guest post is by Paul A. Laudicina, chairman emeritus of A.T. Kearney and chairman of its Global Business Policy Council. In last week’s State of the Union address, President Obama made a bold statement about the future of foreign direct investment in the United States: “For the first time in over a decade, business leaders [...]
As Prepared for Delivery – Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans: Today in America, a teacher spent extra time with a student who needed it, and did her part to lift America’s graduation rate to its highest level in more than three decades. An entrepreneur flipped on the lights in [...]
By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual currency. That’s useful shorthand, but is it really money? And should it be taxed as if it is? Or is it a capital asset? How about a commodity? And then [...]
With congressional elections coming in November, ongoing controversy over the Affordable Care Act, and policy exhaustion on the part of both Congress and the White House, don’t expect dramatic changes in tax policy in 2014. But there will still be some important issues on the table—not all of them in. Here are five trends [...]
Senator Ron Wyden (D-OR), who is poised to become the new chair of the Senate Finance Committee, 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. The 64-year-old Wyden, [...]
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 [...]