…issue is Question 1, which would eliminate the state income tax. It would save the average taxpayer about $3,600 a year. Annual revenue from the tax is about $12.5 billion,…

…billion tax relief package that would extend tax cuts on dividends and capital gains and keep 15 million middle income taxpayers from getting hit with a tax designed for the…

…the effective tax rates paid by income bracket in 2003 (including both income and payroll taxes) in two scenarios: +in the hypothetical scenario where the tax laws had remained just…

…it, taxes, taxes, taxes.” Shutting down tax avoidance schemes and forcing the wealthy to pay more in taxes is the only real solution to the problems that plague the world,…

…the corporate tax cuts were largely made permanent, the individual income and estate tax cuts were temporary and expire at the end of tax year 2025. Based on Congressional Budget…

…Billion Actual Taxes Paid: $1.5 Billion (2%) 2. Chevron Pre-tax Earnings: $46.6 Billion Actual Taxes Paid: $1.9 Billion (4%) 3. Apple Pre-tax Earnings: $34.2 Billion Actual Taxes Paid $3.9 Billion…

…that incentive decreases when tax rates go down. Additionally, most people’s behavior, frankly, is not affected by “normal” changes to tax rates; raise or lower the tax rates of someone…

by Linda Beale A quote from Amartya Sen, and my New Year’s Tax Resolutions (for Congress and the Obama Administration) The time between December 30 and January 4 seems to…

…of using transfer pricing to hide your profits from the taxman and make them show up in tax havens instead. According to the Reuters report, there are three potential routes…

Bloomberg Magazine, in “Unsafe Havens”. (Hat tip to Naked Capitalism.) reports that money market funds run by Bank of America Corp., Credit Suisse Group, Fidelity Investments and Morgan Stanley owned…