With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift — a change in the tax rules that lets the rich pass their…
DailyFinance writer Jonathan Berr sees much to like in the compromise President Obama reached with congressional Republicans on taxes and unemployment compensation. And while he’d never call it perfect, as he notes, the America…
A compromise on the highly contentious levy is part of the sweeping agreement between President Obama and the GOP. The tax is back for two years at a more reasonable 35% rate, with an exemption of up to $5 million for individua…
President Barack Obama has cut a deal with Republicans to extend Bush-era tax cuts for two years and unemployment benefits for 13 months. But the plan is already drawing fire from Obama’s own liberal supporters.
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As Republicans and Democrats work toward a compromise on income tax cuts, another controversial tax — the estate tax on inherited property — hangs in the balance. A repeal of the 55% tax on estates worth at least $1 million i…