• Number of the Day: $13 Billion

    By The Fiscal Times Staff

    That’s how much Microsoft founder Bill Gates would pay in federal taxes this year under Elizabeth Warren’s proposed wealth taxes, according to back-of-envelope calculations by CNBC’s Robert Frank (...

  • Sen. Van Hollen announces a bipartisan agreement on Turkey sanctions during a news conference in Washington

    Democrats Propose New Tax on Millionaires

    By Michael Rainey

    Two Democratic lawmakers unveiled a plan Thursday that would raise taxes on high-income households. Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia are proposing a 10-percentage...

  • FILE PHOTO - Kentucky Governor Matt Bevin introduces US Vice President Mike Pence to speak about the American Health Care Act during a visit to the Harshaw-Trane Parts and Distribution Center in Louisville

    Medicaid Work Requirements Dealt a Loss in Elections

    By Michael Rainey

    The effort to impose work requirements on Medicaid beneficiaries experienced a setback Tuesday with the apparent defeat of Kentucky Gov. Matt Bevin. Bevin, a Republican, hasn’t conceded defeat in his...

  • Wealthy Could See a Huge Tax Windfall if Obamacare Is Overturned

    By Michael Rainey

    The lawsuit by 18 state attorneys general seeking to invalidate the Affordable Care Act would provide an enormous tax cut for wealthy households if it succeeds, according to an analysis by the Center...

  • U.S. President Trump speaks to reporters as he departs for travel to Kentucky from the South Lawn of the White House in Washington

    Trump’s Florida Tax Move

    President Trump is making Palm Beach, Florida, his primary residence. The New York Times reported Thursday that the president and first lady filed documents in late September making their Mar-a-Lago...

  • Economists: It's Time for a Carbon Tax That Pays Dividends

    By Michael Rainey

    Dozens of prominent economists with extensive experience in government service signed a statement in Thursday’s Wall Street Journal calling for a carbon tax. “Global climate change is a serious...

  • The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. The company is set to announce its first quarter earnings. REUTERS/Robert Galbraith  (UNITED STATES - Tags: BUSINESS SCIENCE

    How 4 Big US Companies Used Their Tax Cuts

    By Michael Rainey

    Bloomberg’s Laura Davison looked at what some major American corporations did with the tax cut windfalls they received in 2018. How did Apple, Walt Disney, Visa International and Starbucks use their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Is the ‘Era of Tax Reductions’ Over?

    By Michael Rainey

    If Greg Valliere, chief global strategist at Horizon Investments, is correct, Wall Street should be worried about the rise of Rep. Alexandria Ocasio-Cortez (D-NY). In a note to clients Wednesday,...

  • Democratic congressional candidate Alexandria Ocasio-Cortez speaks at her midterm election night party in New York City

    The Ongoing Fight Over Ocasio-Cortez’s 70% Top Tax Bracket

    By Michael Rainey

    The lively debate over the proposal by Rep. Alexandria Ocasio-Cortez (D-NY) to raise the top marginal tax rate to 70 percent continues, as it no doubt will for many months to come, with former...

  • Tax Cuts Still Not Paying for Themselves

    By Michael Rainey

    The latest budget data shows, once again, that the tax cuts are not paying for themselves. “It’s time to put to rest any notion that President Trump’s signature tax cuts are paying for themselves...

Taxes Directory

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