Suze Orman: U.S. Tax Code a 'Travesty' for Gay Couples
Personal finance expert Suze Orman, who is married to her female partner, took aim at the U.S. tax code's treatment of gay couples, calling it "a travesty."
Personal finance expert Suze Orman, who is married to her female partner, took aim at the U.S. tax code's treatment of gay couples, calling it "a travesty."
On Sunday, the 16th Amendment -- the one that laid the groundwork for a permanent federal income tax -- celebrated its 100th birthday. Needless to say, not everybody was lining up to celebrate. But perhaps they should have been.
Andrew Schrage of Moneycrashers.com explains how to save money by filing your taxes online.
More than 70 tax breaks enjoyed by individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively back to the beginning of this year, a typical middle-class family could face a $4,000 tax increase when it files its 2012 return.
When it comes to taxes, the news for parents is generally good. Here's a brief look at some of the ways that having children can help you save on your tax return.
Under his own tax proposal, Mitt Romney would pay half what he would under President Obama's tax plan, saving him almost $5 million a year. But if Romney wins, Obama could save as much as $90,000 a year.
For more than three-quarters of U.S. taxpayers, the silver lining of tax season is the refund check. This year, the IRS says the average refund is just under $3,000, and many people will use theirs to pay off debt or cover expenses. But it could also create an opportunity to save or invest.
It took about 10 years of decisions for the federal budget to get more than a trillion dollars out of whack, and it's going to take at least five years to balance it again. The only way to do it is piece-by-piece, with equal sacrifices from both Republicans and Democrats.
Common sense suggests that as home prices decline, the property taxes based on their valuations ought to as well. But even as house prices continue to slip, property taxes nationally are clicking higher.













