Taxes
  • Obama administration proposes new limits on tax-exempt political groups

    New Tax Brackets for 2019

    By The Fiscal Times Staff

    The IRS released its inflation adjustments for the 2019 tax year this week, which include new brackets and limits on deductions and exemptions. A few highlights: The standard deduction for single...

  • Krugman: Why the Tax Cuts Fizzled

    By Michael Rainey

    A long-time critic of Republican fiscal policies, economist Paul Krugman takes on the GOP tax overhaul in Friday’s New York Times, asking, “Why Was Trump’s Tax Cut a Fizzle?” Krugman notes that the...

  • The Economy’s Coming Wile E. Coyote Moment

    By Michael Rainey

    Most economists think that the “sugar high” in the economy produced by simultaneous tax cuts and federal spending increases this year will fizzle at some in the next few quarters, at which point GDP...

  • Companies Are Using Their Tax Cut Windfall to Pay Down Debt: Moody’s

    By Michael Rainey

    What are companies doing with their tax cut windfalls? In addition to boosting shareholder returns through buybacks and dividends (more on that here , here and here ), U.S. corporations are placing a...

  • FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

    Amazon Got More Than $2 Billion in HQ2 Sweeteners

    Amazon confirmed on Tuesday that it will build two new headquarters in New York City and Northern Virginia while also adding a smaller site in Nashville that will deal with operations and logistics...

  • Deficit Hit $100 Billion in October

    By The Fiscal Times Staff

    The U.S. government spent $353 billion in October while revenues came in at $253 billion, producing a deficit of $100 billion. Receipts were 7 percent higher than a year ago, but spending was up 18...

  • Brady Ryan GOP Tax Plan

    The GOP Tax Cuts 10 Months In: What's Working, What's Not

    By Michael Rainey

    The $1.5 trillion Republican tax overhaul came with some big promises, including faster economic growth, increased business investment and significantly higher wages for American workers. Ten months...

  • Chart of the Day: How Taxes and Transfers Affect US Incomes

    By Michael Rainey

    A new analysis of the distribution of household income by the Congressional Budget Office shows how taxes and means-tested transfers such as Medicaid and food stamps affect US incomes. “The combined...

  • FILE PHOTO - A man, wearing a hat with an embroidery of the U.S. flag, votes on election day at a polling station in Harlem, New York, U.S., November 8, 2016. REUTERS/Bria Webb/File Photo

    What the Exit Polls Revealed on Taxes and Health Care

    By The Fiscal Times Staff

    Here's what exit polls told us about some key issues: 45 percent: NBC News’ exit poll found that 45 percent of voters said the Republican tax cuts had no impact on their personal finances, compared...

  • Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi speak at the National Press Club in Washington

    Dems Will Target GOP Tax Cuts in the New Year

    By Michael Rainey

    Democrats will attempt to undo tax cuts for wealthy households when they take over the House in January, The Wall Street Journal’s Richard Rubin reports . The move will likely come as part of an...

Taxes Directory