Fifty-two percent of Americans think their taxes are too high, but a similar majority think their taxes are fair. On this tax day, Making Sen$e revisits some of our favorite tax conversations to examine how much Americans of different income brackets should be paying. Continue reading
Use our interactive to get an idea of how income and social safety-type taxes are factored into your paycheck, and how you’d fare if the U.S. had a wage tax structure similar to other developed nations.
With tax day looming, tax reform is in the air. In his budget, President Obama introduced several proposals aimed at simplifying the tax code. David Cay Johnson, columnist for Tax Analysts magazine, and economist Douglas Holtz-Eakin join Jeffrey Brown to discuss different strategies and whether real tax reform is possible. Continue reading
Around the world, government officials and individuals use offshore accounts to hide their wealth and evade heavy taxes. Hari Sreenivasan talks to Gerard Ryle, director of the International Consortium of Investigative Journalists, about the findings of a massive cross-border collaborative investigation. Continue reading
Tax filing day this year brought protests and rallies across the country, both for tax cuts and tax fairness. While the issues intertwine, tax cuts and President Obama’s “Buffett rule” push have become key points of contention in Congress and on the campaign trail. Gwen Ifill reports. Continue reading
With renewed talk of tax cuts and President Obama’s “Buffett Rule,” political maneuvering in Congress and on the campaign trail has turned toward the U.S. tax system. On this tax day, Jeffrey Brown discusses tax reform options with the Brookings Institution’s Alice Rivlin and the Tax Policy Center’s Donald Marron. Continue reading
Editor’s Note: The First Family’s 2010 tax return was released today. We’ve pulled out some of the more interesting numbers in a graphic. Here’s the snapshot: the Obamas reported an adjusted gross income of $1,728,096, about $3.78 million less than … Continue reading
Tea Party activists across the country used Thursday’s income tax filing deadline as a platform to voice disputes over the growth of government, while the Obama administration stressed the importance of tax-funded programs. Jim Lehrer reports. Continue reading