After more than a decade of nearly constant change, the federal estate tax is finally permanent. It’s a bit more onerous than last year’s version...

In the realm of needless complexity, the work and family tax credits for low-income households rank near the top. The problem is especially challenging for...

Can the income tax fund the government we seem to want? Probably not. Will lawmakers create a revenue system that will? Not anytime soon. That...

With state finances gradually improving , some Republican governors are turning their attention to fundamental tax reform. Louisiana Governor Bobby Jindal has proposed replacing his...

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...