Articles on taxes

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Treasury Secretary Steven Mnuchin offers details of his boss’ proposed tax cut. ‘It’s big.’ Carolyn Kaster/AP Photo

Would Trump’s tax cut be the biggest ever? Fat chance

The bar for achieving that lofty goal was set almost 150 years ago when Congress cut taxes from as high as 10 percent to zero over two years.
Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation. Jeff Chiu/AP Photo

Donor-advised funds: Charities with benefits

As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
Stacks at the Nucor Steel plant – one of the types of manufacturing sites that would be affected by a carbon tax – in front of the Space Needle in Seattle. AP Photo/Elaine Thompson

Why aren’t environmentalists supporting a carbon tax in Washington state?

Washington state's plan to create a carbon tax would make it a climate leader, but local environmental groups are fighting it. What gives?
Trump’s tax returns would tell us a lot about who he is. Lucas Jackson/Reuters

What we can learn from Trump’s $916 million loss

A 1995 tax return shows a net operating loss so large that it raises concerns about whether it was reported properly – and if Trump has been honest about his taxes.
Warren Buffett’s voice has been one of the loudest arguing it’s time to raise taxes on millionaires and billionaires like him. Rick Wilking/Reuters

Are we ready to raise taxes on the rich? History says no

Two centuries of tax policy show efforts to raise taxes on the rich hinge on questions of fairness. The history also suggests proponents have a tough road ahead.

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