Walmart on Thursday reported higher profits, but offered a weak forecast for the months ahead. The problem? The poor and middle-class Americans Walmart caters to -- and who are big drivers of U.S. spending -- are struggling with rising gas prices, delayed tax refunds and higher payroll taxes.
While the pundits debated the vices and virtues of Mitt Romney's and Newt Gingrich's tax returns, the folks at Kiplinger were scouring them for ideas that could help you. Even if you'll never have a Swiss bank account or own complex foreign assets, these dozen moves could help you lower your IRS bill.
When it comes to Social Security's woes, the potential cures discussed the most are unpleasant: Raise the retirement age, reduce payments, or raise the tax rate. Fortunately, those aren't the only options.
Taxes. We resent paying them, yet, for the most part, they fund things we'd rather not do without. But exactly how much of our money is going to each service? The White House has made it easy to answer that question. So here's a receipt for where your tax dollars are spent.