Taxes
  • 		<p>Limit itemized deductions to 15 percent, with special provisions to maintain incentives for charitable giving.</p>    <p>      <strong>Broader benefits to U.S. economy</strong>      <br />Raises revenue more efficiently by reducing tax expenditures;

    Poll of the Day: Democrats and Taxes

    By The Fiscal Times Staff

    Democrats and Republicans receive roughly equal grades when it comes to the question of which party is best suited to handle taxes, according to an analysis by Navigator , a polling and research...

  • Amazon unveils effort to develop original TV shows

    Amazon Pulls the Plug on NYC Headquarters

    By Michael Rainey

    Amazon is canceling its plan to build a corporate campus in New York City, the company announced Thursday. The decision comes following months of local criticism of the project, in which the company...

  • The Great Debt Debate: How Dangerous Is It?

    By Michael Rainey

    MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...

  • Eighty-four percent of Americans receiving refunds intend to pay down debt, save or invest.

    Why Smaller Tax Refunds Could Ding the Economy

    By Michael Rainey

    Although tax season has only just begun, early data from the IRS shows that the average individual tax refund is 8.4 percent smaller so far this year. Some critics have been quick to blame the...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    Shutdown Makes a Bad Situation Worse at the IRS

    By Michael Rainey

    A new report from National Taxpayer Advocate Nina E. Olson says that the 35-day government shutdown just before the start of the tax season produced “real harm” for taxpayers as the IRS struggled to...

  • Democratic congressional candidate Alexandria Ocasio-Cortez speaks at her midterm election night party in New York City

    Are Democrats Really Going ‘Socialist’?

    By Michael Rainey

    President Trump earned a rousing cheer from Republican lawmakers during his State of the Union address when he proclaimed, “America will never be a socialist country.” His proud declaration echoed...

  • A sign marks the U.S Treasury Department in Washington

    Foreign Ownership of US Debt Continues to Decline

    By Michael Rainey

    Foreign demand for U.S. government debt has been declining in recent years but domestic investors have picked up the slack, The Wall Street Journal’s Daniel Kruger and Kate Davidson reported...

  • A Burlington Northern Santa Fe (BNSF) train rolls by a statue of the state symbol of the state of Wyoming, a bucking bronco, in Ft. Laramie, Wyoming July 15, 2014.  REUTERS/Rick Wilking

    Cities and States Pick Up Some of the Infrastructure Slack

    By The Fiscal Times Staff

    Although the federal government still has a lot of work to do with respect to planning and funding infrastructure investment, state and local governments are moving ahead with plans to “fix the damn...

  • A monitor shows the general index inside the Athens Stock Exchange February 9, 2015. REUTERS/Alkis Konstantinidis

    Is It Time to Start Selling 100-Year Bonds?

    By Michael Rainey

    With the U.S. facing a $12 trillion deficit over the next decade, the Treasury Department is exploring ways to maintain robust demand for American debt. One option being considered is the sale of “...

  • Work crews work to replace a bridge over the Massachusetts Turnpike in Boston

    A Fiscal Hawk Argues for Infrastructure Investment

    By Michael Rainey

    The stimulus from the GOP tax cuts and the bipartisan increase in federal spending in 2018 is starting to fade, says Diane Swonk, chief economist at the tax and advisory firm Grant Thornton. Writing...

Taxes Directory

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