Taxes
  • 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...

  • Trump holds a discussion about school shootings with state governors from around the country at the White House in Washington

    Trump Says National Debt Is Not His Problem: Report

    By Michael Rainey and Yuval Rosenberg

    As a candidate, Donald Trump said he could eliminate the national debt in eight years, largely by focusing on better trade deals. But in office, Trump has presided over a considerable increase in red...

  • FILE PHOTO: French President Emmanuel Macron attends a ceremony to start the construction of the first metro line in Abidjan

    Tax Burden in France Now Highest in the World: OECD

    By Michael Rainey

    France is now the most heavily taxed developed nation, according to the latest annual review by the Organization for Economic Cooperation and Development. The OECD’s analysis includes federal, state...

  • 18. District of Columbia

    4 Lessons from the GOP Tax Bill

    By The Fiscal Times Staff

    The Wall Street Journal’s Theo Francis says that while the Republican tax bill signed by President Trump a year ago has produced some obvious effects for U.S. businesses, including a solid boost to...

  • GM says other defective ignition switch made in China

    Why GM Pays Almost No Federal Income Tax

    By Michael Rainey

    General Motors has earned billions of dollars in the decade since its bankruptcy and bailout, but thanks to a provision in the tax code called "net operating loss carryforward," it has paid very...

  • One Simple Reason the GOP Tax Bill Has Stalled

    By Michael Rainey

    Republicans hold the majority in the House for a few more weeks, but that numerical advantage doesn’t mean much if lawmakers don’t show up to vote. Politico’s Brian Faler says that dozens of...

Taxes Directory

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