Taxes
  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    What Tax Cheats (and Mistakes) Cost the IRS

    The Internal Revenue Service on Thursday said that the annual “tax gap,” the difference between federal taxes owed and the amount actually collected, averaged $441 billion from 2011 to 2013. Of that...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    4 Lessons from the Tax Cuts and Jobs Act So Far

    By Michael Rainey

    Most tax experts agree that it’s too soon to make any final conclusions about the Tax Cuts and Jobs Act, which has been in effect for less than two years and contains provisions that seek to...

  • U.S. Senators Sanders listens as Senator Warren speaks on the first night of the second 2020 Democratic U.S. presidential debate in Detroit, Michigan, U.S.

    Bernie Sanders's Wealth Tax Targets the Very Rich

    By Michael Rainey

    Senator Bernie Sanders released a proposal Tuesday for a wealth tax designed to raise trillions of dollars while significantly reducing the fortunes of some of America’s richest households. Saying he...

  • The deadline is approaching to report large foreign bank accounts to the IRS.

    Mapping Tax Havens

    By Michael Rainey

    Multinational corporations routinely shift billions of dollars around the world to reduce their tax bills. In 2016, according to researchers from the University of California at Berkeley and the...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Repeal and Replace Trump’s Tax Cuts?

    By Michael Rainey

    The latest entry in the American Enterprise Institute’s ongoing blog series examining the Tax Cuts and Jobs Act comes from Jason Furman, the former chairman of the White House Council of Economic...

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