Taxes
  • New York Governor Andrew Cuomo speaks to the media in Havana

    Judge Rejects State Challenge to SALT Deduction Limit

    By Michael Rainey

    A lawsuit by four states challenging the cap on state and local tax deductions was dismissed Monday by a federal judge. The states – New York, New Jersey, Connecticut and Maryland – claimed that the...

  • 2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa

    Bernie Sanders’ New Inequality Tax Targets High CEO Pay

    By Michael Rainey

    Bernie Sanders released a plan Monday that would penalize companies that pay their CEOs far more than their average workers. The proposal is designed to combat rising income inequality, Sanders said...

  • 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...