By Paul Bedard | 04/17/14 10:13 AM
Former Republican presidential candidate Mitt Romney may have lost in 2012, but he’s still trying to drive the GOP agenda and take shots at leading Democrats.
04/16/14 07:00 PM
PHILADELPHIA (AP) — A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV (http://bit.ly/1l42Hhe) said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington...
By Justin Green | 04/16/14 02:48 PM
New York City Mayor Bill de Blasio and first lady Chirlane McCray paid an 8.3 percent effective tax rate on $165,047 of total income in 2013, according to tax returns cited by the Wall Street Journal.
By Timothy P. Carney | 04/16/14 02:18 PM
Warren Buffett thinks his taxes should be higher. An understandable response is "so, pay more in taxes, Mr. Buffett." Some conservatives, in fact, call Buffett a hypocrite for not voluntarily paying a higher rate than his secretary.
By Sean Higgins | 04/16/14 12:13 PM
A study released Tuesday by the Tax Analysis Center found that significantly reducing the corporate tax rate would also boost wages for workers and the economy overall. This could be done on a revenue-neutral basis by reducing the U.S. rate from its current 35 percent to just nine and...
By Joseph Lawler | 04/16/14 08:28 AM
Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.
By Stephen Ohlemacher | 04/16/14 08:08 AM
A public employees union is fighting a bipartisan effort in Congress to force the Internal Revenue Service to hire private contractors to collect some delinquent taxes.
04/15/14 09:15 PM
PHOENIX (AP) — The Arizona Senate on Tuesday narrowly rejected an effort to revive a proposal granting a private Christian university a major break on its property taxes. Grand Canyon University wants its property reclassified into a much lower rate that would save it about $750,000 a year on...
04/15/14 04:45 PM
The deadline for filing taxes is midnight Tuesday. Here are five things to consider as the deadline nears. 1. YOU MAY NOT FACE MUCH OF A DEADLINE If you're due a refund — and about three-quarters of filers typically are — missing the April 15 deadline will not get you in trouble. Penalties...
By Ashe Schow | 04/15/14 04:25 PM
It's tax day! And if you waited until today to file, these weird deductions might be helpful. Or you might not want to deal with them and just get your taxes done as fast as possible. Whatever floats your boat.
04/15/14 03:30 PM
WASHINGTON (AP) — A public employees union is fighting a bipartisan effort in Congress to force the Internal Revenue Service to hire private contractors to collect some delinquent taxes. The IRS stopped using private tax collectors in 2009 after determining that agency employees could do a...
By Paul Bedard | 04/15/14 12:04 PM
As a thank you for paying taxes today, the White House has written up a “2013 Federal Taxpayer Receipt” that shows most income tax, 25.19 percent, goes to health related areas, after accounting for Medicare and Social Security. “Want to know how your federal taxes are spent? President...
By Joel Gehrke | 04/15/14 11:22 AM
The Republican National Committee on Tuesday filed a lawsuit against the Internal Revenue Service after months of trying to obtain documents pertaining to the targeting of Tea Party groups through a Freedom of Information Act request.
By Chris Stirewalt | 04/15/14 10:19 AM
**Want FOX News First in your inbox every day? Sign up here.** Buzz Cut: • America’s $1.4 trillion Tuesday • Obama objects as Russia projects force in Ukraine • Reid warns: Nevada land fight ‘not over’ • Hawkish cash haul for Bolton • Starting over. Starting stronger....
By Paul Bedard | 04/15/14 09:35 AM
Simply filing taxes and complying with Uncle Sam's tax code costs the U.S. 6.1 billion hours and $224.3 billion, a jaw-dropping amount that when reduced to individual filers totals $90 billion in "lost time" to meet the April 15 tax filing deadline, according to a "tax day" analysis. The...
By Charles Hoskinson | 04/17/14
By Susan Ferrechio | 04/16/14
By Byron York | 04/17/14
By Sean Higgins | 04/17/14
By Joel Gehrke | 04/17/14