City dwellers bear disproportionate federal tax burden
Live in an expensive city? Think you pay too much in federal taxes? If so, a study in the current issue of the Journal of Political Economy finds that you're exactly right.
View ArticleEarly income-tax filing not the best deal
The early bird doesn't always get the worm. Moreover, said a consumer-finance expert in Penn State's College of Agricultural Sciences, being in a hurry to file your federal income tax forms in pursuit...
View ArticleWhy retire later? Study shows how to encourage longer careers
(Phys.org)—What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer to enjoy the extra...
View ArticleWhat do tax policy experts think about US tax policy?
Large majorities of tax policy experts in the U.S. favor a graduated personal income tax, taxing long-term capital gains as ordinary income, a net income tax on corporations and extending the retail...
View ArticleExpert: Taxation of retirement income in need of reform
Although planning for a comfortable retirement is a mainstay of public discussion, far less attention has been paid to the tax consequences of generating retirement income, says a University of...
View ArticleCollective bargaining subsidizes low-wage work in some states
States with right-to-work laws "free ride" on the higher tax revenues generated by workers in collective bargaining states, says a new study from a University of Illinois labor expert.
View ArticleObamas Paid Too Much in Taxes, Says Tax Expert
(PhysOrg.com) -- President Barack Obama and first lady Michelle Obama paid too much in taxes last year compared with their peers in the same income group, says Dorothy Brown, professor of tax law at...
View ArticleRefunds don't always help lower-income taxpayers
Getting a tax refund from the federal government at the end of the year may not always be the best option for lower-income populations, according to the research from Harris School economist Damon Jones.
View ArticleMiddle class better off than previously thought
Long portrayed as stagnant, the income growth of the U.S. middle class may be more than 10 times greater than previously suggested by some economists, according to a new study at Cornell.
View ArticleCalifornia, US to bank millions in taxes on Facebook IPO
California has a friend who's about to write a hefty personal check that could help ease the state budget crunch.
View ArticleHow Apple's phantom taxes hide billions in profit
On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because...
View Article'I'm not very smart," Nobel winner jokes, in Trump jab
The Scottish-born winner of the Nobel Prize for Chemistry took a jab Wednesday at US presidential candidate Donald Trump, who has bragged that he was "smart" to avoid paying taxes.
View ArticleLow-income earners need to save tax returns
People with low incomes need to save at least some of their tax returns for rainy days, no matter how hard it is to set aside money, a new study shows.
View ArticleChrysler minivan gets 84 mpg equivalent in electric mode
Fiat Chrysler says its new gas-electric hybrid minivan will get the equivalent of 84 miles per gallon in electric mode and 32 mpg in city-highway mileage when in hybrid mode.
View ArticleAmerica's best child poverty-fighting program? It's spelled EITC
New research from UC Berkeley shows that the Earned Income Tax Credit is the most effective poverty-fighting program for children in the U.S, and encourages families to work more because it rewards...
View Article