Common sense suggests that as home prices decline, the property taxes based on their valuations ought to as well. But property taxes nationally are clicking higher. Why is this occurring? Several factors are at work — and they…
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…
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…
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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