Taxes
  • Amazon unveils effort to develop original TV shows

    Amazon Pulls the Plug on NYC Headquarters

    By Michael Rainey

    Amazon is canceling its plan to build a corporate campus in New York City, the company announced Thursday. The decision comes following months of local criticism of the project, in which the company...

  • The Great Debt Debate: How Dangerous Is It?

    By Michael Rainey

    MIT economist Olivier Blanchard caused a stir in fiscal circles last month with an academic paper suggesting that current levels of public debt may be less worrisome than many experts think (see our...

  • Eighty-four percent of Americans receiving refunds intend to pay down debt, save or invest.

    Why Smaller Tax Refunds Could Ding the Economy

    By Michael Rainey

    Although tax season has only just begun, early data from the IRS shows that the average individual tax refund is 8.4 percent smaller so far this year. Some critics have been quick to blame the...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    Shutdown Makes a Bad Situation Worse at the IRS

    By Michael Rainey

    A new report from National Taxpayer Advocate Nina E. Olson says that the 35-day government shutdown just before the start of the tax season produced “real harm” for taxpayers as the IRS struggled to...

  • Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year

    The Congressional Budget Office projected last month that the federal budget deficit for this year would be about $900 billion , up 15 percent from last year but about $84 billion less than it had...

  • FILE PHOTO: French President Emmanuel Macron attends a ceremony to start the construction of the first metro line in Abidjan

    Tax Burden in France Now Highest in the World: OECD

    By Michael Rainey

    France is now the most heavily taxed developed nation, according to the latest annual review by the Organization for Economic Cooperation and Development. The OECD’s analysis includes federal, state...

  • 18. District of Columbia

    4 Lessons from the GOP Tax Bill

    By The Fiscal Times Staff

    The Wall Street Journal’s Theo Francis says that while the Republican tax bill signed by President Trump a year ago has produced some obvious effects for U.S. businesses, including a solid boost to...

  • GM says other defective ignition switch made in China

    Why GM Pays Almost No Federal Income Tax

    By Michael Rainey

    General Motors has earned billions of dollars in the decade since its bankruptcy and bailout, but thanks to a provision in the tax code called "net operating loss carryforward," it has paid very...

  • One Simple Reason the GOP Tax Bill Has Stalled

    By Michael Rainey

    Republicans hold the majority in the House for a few more weeks, but that numerical advantage doesn’t mean much if lawmakers don’t show up to vote. Politico’s Brian Faler says that dozens of...

  • Sen. Schumer attends a news conference on Amtrak funding on Capitol Hill in Washington

    No Deal on Trump's Border Wall as Lawmakers Scramble to Avoid a Shutdown

    By Michael Rainey

    As negotiations to avoid a partial government shutdown next week continue, Democratic lawmakers have rejected a Republican proposal to spend $5 billion on the border wall over two years. “No matter...

Taxes Directory

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