Taxes
  • Andrew Cuomo, Governor of New York, speaks to members of the press at Trump Tower in New York City, U.S. January 18, 2017. REUTERS/Stephanie Keith

    4 Blue States Sue Over GOP Tax Law

    By Michael Rainey

    Four states sued the federal government Tuesday, claiming that the new $10,000 limit on state and local tax (SALT) deductions is an “unconstitutional assault on states’ sovereign choices.” The suit...

  • Treasury Rule Change Protects ‘Dark Money’ Donors

    The U.S. Treasury said Monday that it will no longer require certain tax-exempt organizations to identify their donors to the IRS. The policy change will free labor unions and other groups, including...

  • The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009. REUTERS/Chip East/Files

    Stock Buybacks Soar to Another Record

    By Michael Rainey

    U.S. companies announced more than $346 billion in share buybacks in the second quarter of 2018, according to data released by the investment research firm TrimTabs last week, shattering the previous...

  • Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

    By Michael Rainey

    Although Republicans have sold their tax cuts as a sure-fire way to create jobs and boost incomes for middle- and working-class Americans, a recent economic study casts more doubt on that still-...

  • Government Revenues Drop as Tax Cuts Kick In

    By Michael Rainey

    Corporate tax receipts in June were 33 percent lower than a year ago, according to data released by the Treasury Department Thursday, as companies made smaller estimated payments due to the reduction...

  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Trump’s Tariffs Could Gobble Up Trump’s Tax Cuts

    By Michael Rainey

    The tariffs on steel and aluminum that Trump administration plans to impose on foreign trade partners including Canada, Mexico and the European Union are inspiring a round of retaliatory measures...

  • Chart of the Day: Which States Collect the Most in Income Taxes

    By The Fiscal Times Staff

    The Tax Foundation’s Katherine Loughead looks at per capita state and local individual income tax collections: "On average, state and local governments collected $1,144 per person from individual...

  • Corporate Profits Get a Big Boost from the Tax Cuts

    By Michael Rainey

    The business tax cuts that went into effect in January had a significant effect on corporate profits in the first quarter of 2018, according to new data released by the Bureau of Economic Analysis...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Why Republican Tax Cuts Are a Problem

    By The Fiscal Times Staff

    The Washington Post’s Jared Bernstein argues that the United States’ main fiscal problem can be boiled down to this: “our tax structure does not collect enough revenue to support the government...

  • So Much for ‘Tax Reform’?

    For years, economists and tax experts have found a broad consensus around the idea that the U.S. tax code needed to be cleaned up. Tax reform, in Washington parlance, generally meant an overall...

Taxes Directory

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