August 27, 2012 The Republican presidential candidate says he favors keeping all of the Bush-era tax cuts and then adding some more. To pay for these cuts, he would reduce or eliminate some of the tax deductions that many Americans have come to rely on. Economists support that plan, but Mitt Romney must win over Americans who benefit from them.
August 19, 2012 Mitt Romney's campaign hoped to close the book on tax questions when running mate Paul Ryan released two years of tax returns. Not quite. In reality, the differences between Romney and Ryan's taxes helps propel the debate further.
August 8, 2012 Taxes should be as simple as possible. A $25,000 prize the U.S. Olympic Committee pays you for winning a gold medal should be taxed exactly the same as $25,000 a restaurant pays you for washing dishes.
July 25, 2012 A research group tallies up all government spending and tax breaks across nine sectors of the economy — with eye-opening results.
July 25, 2012 There will be votes today on Democratic and Republican plans regarding the Bush tax cuts. But neither will mean much since the House isn't likely to agree to anything the Democratic-controlled Senate does.
July 11, 2012 Economist Joshua Gans explains how his plan to keep his children from spending their allowance on candy went awry — and how it offers a lesson for New York Mayor Michael Bloomberg.
July 11, 2012 President Barack Obama's proposal to let the Bush tax cuts expire for wealthier Americans could add significantly to federal coffers.
June 29, 2012 Back when President Obama was urging Congress to pass his health care law, he rejected claims that the penalty for not obtaining insurance would amount to a tax. On Thursday, Chief Justice John Roberts begged to differ — while using the tax classification to save the law. And Republicans pounced.
June 6, 2012 If you own a home in the U.S., if you have a mortgage, you can deduct the interest you pay on that mortgage from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser in Washington, "the mortgage-interest deduction ... makes no sense."