Giving $100 to a favorite charity costs less than that for the roughly 8.5% of Americans who use this tax break.
A new report found that America’s top billionaires paid very little income tax despite tremendous gains in their wealth.
Many of the tens of millions of taxpayers fined every year don’t seem to realize the IRS offers a few ways to reduce the penalties they owe.
States claim the stimulus law assaults state sovereignty by barring local governments from using aid money to cut taxes. But the Supreme Court has consistently approved conditions on federal spending.
President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.
For middle-class and wealthy families, securing government aid tends to be free of hassles. For low-income families, the process is often stigmatizing and the benefits meager.
Dozens of prosperous countries save billions of dollars and hours annually by not requiring residents to fill out tax returns, so what is the United States waiting for?
It is morally unjustifiable for tech companies to walk away from the pandemic with massive profits while schools are burdened with debt.
An economist and an environmental law expert explain why a tax is more palatable to the industry and better for the public than regulation.
A tax on sugar-sweetened beverages may be intended to improve health, but for Indigenous consumers, such a tax would be unethical, contravene tax law and undermine Indigenous rights.
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
In ancient Athens, the richest people paid taxes to support what the residents considered the salvation of the city. These taxes earned them social and political clout more valuable than money.
Knowing precisely how society rewards effort is key for how voters think about taxes. Only brute luck is seen as an undeserved reason for riches.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
Some 10,000 people are likely to give up their US passport this year, way above average. Are they fleeing COVID-19? Nasty politics? Taxes? None of the above, says an expert on American citizenship.
In Lagos, many people pay property tax not because they receive public services but to feel more secure and create a record of their presence.
Our new research shows Australians recognise the fundamental importance of additional investment in the aged care sector to boost the quality of care.
As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.
This measure, included in a pandemic relief package, is supposed to encourage Americans to give more to nonprofits.
What is a state’s balance of payments, and why do some pay so much more? An author of a report at the heart of debates over which states should get coronavirus relief funds breaks it down.