Road Usage Tax to Replace Gas Tax
While environmentalists and others probably applaud the increasing numbers of hybrid and electric vehicles on the roads, some states are finding a new problem with these types of cars: falling revenue.
With fewer cars using gasoline, and with cars getting better gas mileage in general, […]
The Battle for Tax Break Extensions
It’s become an annual ritual for Congress: At the end of the year, lawmakers wrangle over which tax breaks to make permanent, which to renew, and which to let expire. Very rarely do tax breaks become permanent; instead, much time is devoted to arguing over which tax breaks are worth […]
2015 Federal Tax Brackets Released by the IRS
It’s a busy time of year for the IRS. This is usually when the IRS releases information about tax brackets, as well as changes to retirement account contributions, as well as what constitutes the standard deduction.
The IRS has released its new brackets for 2015, which […]
Inversion Loophole Allows American Companies to Incorporate Overseas
One of the big issues facing America today is the concern over tax revenue and how it relates to needed income to keep things running. Many have decried the ways in which major corporations do their best to legally reduce the taxes they owe by citing foreign profits, […]
Are Certain Partnerships Getting a Pass from the IRS?
Not too long ago, the Government Accountability Office released a report indicating that some big businesses are getting a pass from the IRS. According to the report, certain big partnerships have been audited at a very low rate.
As a result of this report, there has been increasing […]