• Number of the Day: A $600 Billion Tax Gap?

    The most recent IRS estimate of the tax gap — the amount of taxes owed but not paid voluntarily or in a timely manner — put the net figure at $406 billion a year from 2008 to 2010. But William G...

  • Most Americans Got a Tax Cut This Year – but Most Don’t Think They Did

    By Michael Rainey

    The Tax Policy Center estimates that about 65 percent of households got a tax break on their 2018 incomes – but taxpayers aren’t seeing it that way. “If you’re an American taxpayer, you probably got...

  • Corporate Taxes Are Lower Than Ever

    By Michael Rainey

    The GOP’s 2017 tax overhaul slashed the top corporate tax rate from 35% to 21% and, not surprisingly, business income tax revenues have dropped sharply. A combination of lower tax rates and more...

  • 		<p>Limit itemized deductions to 15 percent, with special provisions to maintain incentives for charitable giving.</p>    <p>      <strong>Broader benefits to U.S. economy</strong>      <br />Raises revenue more efficiently by reducing tax expenditures;

    Enthusiasm for GOP Tax Cuts Has All but Disappeared: Survey

    By Michael Rainey

    Consumer sentiment dropped slightly in the latest University of Michigan survey, with the index registering 96.9 in April, compared to 98.4 in March. Richard Curtin, the survey’s chief economist,...

  • Are US Workers More Highly Taxed Than They Think?

    By Michael Rainey

    Workers in many industrialized countries pay more in taxes than Americans do, but those workers also receive more benefits in exchange – benefits that American workers pay for separately. As a result...

Taxes Directory

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