Taxes
  • Trump on the $22 Trillion National Debt: 'Growth Will Straighten It Out'

    By Michael Rainey

    President Trump was asked at his wide-ranging press conference Friday about the roughly $2 trillion increase in public debt during the first two years of his administration: Question: Let me also ask...

  • 		<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...

  • Investors Look Beyond the Corporate Tax Cut Windfall

    By The Fiscal Times Staff

    In a research report released on Friday, Goldman Sachs says that the “passage of tax reform in December 2017 caused the strongest surge of S&P 500 earnings revisions on record,” but the reduction...

  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Trump’s Tariffs Could Gobble Up Trump’s Tax Cuts

    By Michael Rainey

    The tariffs on steel and aluminum that Trump administration plans to impose on foreign trade partners including Canada, Mexico and the European Union are inspiring a round of retaliatory measures...

  • Chart of the Day: Which States Collect the Most in Income Taxes

    By The Fiscal Times Staff

    The Tax Foundation’s Katherine Loughead looks at per capita state and local individual income tax collections: "On average, state and local governments collected $1,144 per person from individual...

  • Corporate Profits Get a Big Boost from the Tax Cuts

    By Michael Rainey

    The business tax cuts that went into effect in January had a significant effect on corporate profits in the first quarter of 2018, according to new data released by the Bureau of Economic Analysis...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Why Republican Tax Cuts Are a Problem

    By The Fiscal Times Staff

    The Washington Post’s Jared Bernstein argues that the United States’ main fiscal problem can be boiled down to this: “our tax structure does not collect enough revenue to support the government...

Taxes Directory

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