Taxes
  • Why Pensions Are the Hot New Tax Shelters

    By Michael Rainey

    Traditional pension plans are being used by some doctors, lawyers and other wealthy small business owners to shield hundreds of thousands of dollars in income from taxes, Bloomberg’s Ben Steverman...

  • How the Tax Cuts Could Raise Wages – and Why They Might Not

    By Michael Rainey

    Wages don’t seem to be rising in the wake of the corporate tax cuts that went into effect this year, and many critics of the GOP tax overhaul say there’s little reason to think they will. But the...

  • Are Tax Revenues Really Rising?

    By Michael Rainey

    A Wall Street Journal editorial this past weekend took aim at the idea that the Republican tax cuts have much to do with rising deficits. “Perhaps you’ve read that the federal budget deficit is...

  • A man walks his dog past a mural depicting factory workers in the historic Pullman neighborhood in Chicago November 20, 2014.      REUTERS/Andrew Nelles/File Photo

    Economic Growth Gets a Downgrade

    By Michael Rainey

    The Congressional Budget Office reduced its estimate for the growth rate of the U.S. economy in 2018 to 3.1 percent, down from its estimate of 3.3. percent in April. The CBO’s estimate for 2019...

  • FBI director says all surveillance complies with U.S. law

    The Tax Cuts Aren't Popular, So the GOP Is Talking About This Instead

    By The Fiscal Times Staff

    Republicans have found that their key legislative accomplishment in the last two years, the tax cuts passed in December, aren’t nearly as popular as they had hoped they would be, and the AP reports...

  • Lower Corporate Taxes Are a Global Trend

    By Michael Rainey

    The Washington Post’s Jeff Stein notes that the recent drop in corporate tax rates in the U.S. is part of a long-term global trend. The “average corporate tax rate globally has fallen by more than...

  • How Businesses and the Wealthy Could Game the New Tax Law

    By Michael Rainey

    Experts across the political spectrum generally agree that the Republican tax law fell short on eliminating loopholes while creating plenty of new opportunities for gaming the system. Scott Hodge,...

  • Among other tax breaks, the exemption for employer-provided health care premiums will result in the government forgoing a total of nearly $160 billion in revenue this year.

    Corporate Tax Revenues Are Falling Fast

    By Michael Rainey

    Corporate tax receipts are near a 75-year low, Jim Tankersley of The New York Times reports , and revenues are dropping at a pace normally seen only during recessions. In the first six months of 2018...

  • 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

    Tax Cuts 2.0 Could Cost $600 Billion

    By Michael Rainey

    Republicans in the House released a brief outline of their proposed next round of tax cuts Tuesday. The two-page document calls for making the individual tax cuts and pass-through deductions, which...

  • Medicaid Expansion Boosts Employment: Study

    By Michael Rainey

    People with disabilities are more likely to be employed in states that expanded Medicaid under the Affordable Care Act, according to a new study published in the American Journal of Public Health...

Taxes Directory

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