The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard...

For years, the battle over carried interest has focused on how to tax the compensation of private equity managers. But a careful reading of the...

In one of the more dangerous fiscal developments of recent months, some on the left are defining successful deficit reduction as merely stabilizing the federal...

The American Taxpayer Relief Act (ATRA) , the New Year’s legislation that effectively forestalled the bulk of the January 2013 fiscal cliff, probably staved off...

Economic growth estimates released yesterday were not good news : the economy contracted in the fourth quarter for the first time since 2009, albeit by...

House Ways and Means Committee Chairman Dave Camp (R-MI) has proposed requiring most derivatives investors to pay tax on their annual returns even if they...

Just as Congress allowed the 2011-12 payroll tax cut to expire, new research by the Federal Reserve Bank of New York suggests that such tax...

Last week’s draft plan by House Ways & Means Committee Chair Dave Camp (R-MI) to reform the taxation of financial products includes two key changes...

As tax filing season approaches, the IRS is reminding low-income families about the Earned Income Tax Credit (EITC). The EITC provides a wage subsidy for...

If their leaders’ public statements are to be believed, the fiscal chasm between the political parties is widening. And it is hard to see how...