Taxes News & Latest Taxes Headlines

Surprise! Here's Where Your Tax Dollars Go

7:45AM 10/25/2011

Taxes. We resent paying them, yet, for the most part, they fund things we'd rather not do without. But exactly how much of our money is going to each service? The White House has made it easy to answer that question. So here's a receipt for where your tax dollars are spent.

9-9-9, Take 2: Cain's Tax Plan Revamp Still Stings the Middle Class

2:00PM 10/24/2011

By Bruce Watson

Taxes

GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.

Would You Do Your Banking at the Post Office?

5:30PM 10/19/2011

By Catherine New

Taxes, Banking, Credit Cards

Could your bank teller could go postal? Offering basic consumer banking services in the form of prepaid debit cards is just one of many ideas the U.S. Post Office is considering to boost its bottom line. And even with stamp costs going up to 45 cents, the USPS is in dire need of outside-the-box solutions to its budget woes.

Republican Presidential Candidates: Which One Is Best for Your Wallet?

12:45PM 10/18/2011

By Bruce Watson

Economy, Taxes, Family Money

From Herman Cain's 9-9-9 plan to Ron Paul's proposal to nix the income tax, the GOP presidential candidates have floated a range of ideas for jump-starting the U.S. economy. But will any of them jump-start your home's economics?

Michele Bachmann Proposes Tax Hikes for Everyone -- Reagan Style

11:35AM 10/14/2011

By Bruce Watson

People, Taxes

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

3 Ways to Make the Most of Obama's Proposed Payroll Tax Cut

11:30AM 10/13/2011

By Laura Rowley

Taxes, Personal Finance, Saving Money

Although the Senate has blocked action on Obama's $447 billion jobs bill, parts of it may yet get enacted, including an extension and expansion of a payroll tax cut that would put hundreds of dollars more a year in the pockets of ordinary American workers. Here are three smart ways for you to earmark that cash for your future.

Economists Assess Nation's Financial Fitness, Job Picture

2:30PM 9/29/2011

By Barbara Thau

Economy, Real Estate, Taxes, Careers

Economists discussing the sluggish state of the economy at a media breakfast held by the New York State Society of Certified Public Accountants this week, offered up a variety of explanations for the lasting economic malaise, ranging from the housing crisis fallout to structural unemployment.

Google Millionaire Tells Obama: 'Raise My Taxes, Please!'

5:00PM 9/26/2011

By Bruce Watson

Economy, Google , Taxes

Tax increases on the wealthy just got another outspoken defender: Google's 59th employee, Doug Edwards. On Monday, in a town hall meeting in California, President Obama called on a seemingly-anonymous member of the audience to ask a question. What happened next was surprising.

Four Out of Five of Under-30s on Obama's Tax-the-Rich Plan: 'Yes He Should'

12:30PM 9/23/2011

By Ron Dicker

Economy, Taxes

Younger voters are weighing in extremely positively on President Obama's proposal to tax millionaires another $1.5 trillion over the next 10 years. According to a new survey, 80% of Americans under the age of 30 strongly support the move, while less than 9% oppose it.

Elizabeth Warren Shoots Back on GOP's 'Class Warfare' Charge

3:30PM 9/22/2011

By Bruce Watson

Economy, People, Taxes

Earlier this week, Rep. John Fleming (R-La.) complained that he only netted $600,000 in 2010, and thus couldn't afford to pay higher taxes: "Class warfare never created a job," said Fleming. Former Obama administration official Elizabeth Warren, now running for the Senate, is ready with the counter-argument.