Tag: Income tax

An IRS 1040 form, U.S. Individual Income Tax Return, is shown on Thursday, April 5, 2018, in New York. Leading automated financial advisers — often called “robo-advisers” — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns. But independent research suggests the …

Kobach: States, Too, Should Cut Their Income Taxes

On Tax Day 2018, millions of Americans filed their tax returns, looking forward to a much better Tax Day in 2019 due to the Trump Tax Cut. They are already enjoying the smaller federal tax withholdings from their paychecks.

The Illinois State Capitol in Springfield, Ill., shown Wednesday, June 21, 2006, measures 361 feet to the top of its familiar dome. The neck-bending skyscrapers that pack Chicago's fabled skyline are little more than scaled-down miniatures in downstate cities, where even the tallest buildings are at least three times shorter …

Bankrupt Illinois Slams Citizens with 32% Income Tax Hike, More to Come

As the state of Illinois edges near becoming the first U.S. state to ever be rated junk bond status, the Democrat-controlled legislature of the bankrupt state of Illinois has just voted to slam its citizens with a hefty 32 percent hike in state income taxes.

AP Photo

Obama Taxes Nation’s Wealthiest One-Third Less Than Ronald Reagan

Although President Barack Obama likes to snarl about the unfairness of income inequality, under his administration, the 400 top earning American families now pay about one-third less of their income in taxes than under President Ronald Reagan.

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Maher: Trump ‘Pretty Good’ On Taxing the Rich

HBO host Bill Maher stated Republican presidential candidate Donald Trump is “pretty good” on taxing hedge fund managers and closing “loopholes on the super rich” on Friday’s “Real Time.” Maher said, “here’s the interesting thing about Donald Trump, why it’s a

Tax definition (Alan Cleaver / Flickr / CC / Cropped)

Brits Of All Incomes Struggling Under Massive Tax Burden

The poorest people in the UK pay out nearly half of their income in taxes, new research has found. At the other end of the scale, the richest 10 per cent pay out nearly £30,000 a year more than they

George Osborne

Average UK Family’s Lifetime Tax Spend Nears £750,000

The average British household will pay nearly a quarter of a million pounds in tax, working for nearly 19 years just to pay the tax bill, new research has found. Despite rhetoric from the Chancellor George Osborne on cutting taxes,