SalesTax

These Little-Noticed Tax Hikes Are Raiding Your Wallet

In a tough economy, the last thing many people can afford is for the government to take more of their money. Yet at least in some places, recent tax increases have already taken a big bite out of taxpayers' wallets, and the worst may be yet to come.

How Cuts to State Taxes Could Hit Voters in the Wallet

Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these initiatives could carry a very high price for some of the country's poorest citizens.

Is Amazon the New Walmart (in the 'Evil Empire' Sense)?

On Dec. 10, Amazon offered a special deal to shoppers who used its smartphone app in brick-and-mortar stores: Scan certain items, and the Web retailer would give them an extra 5% off. Critics cried foul. In one tactless move, has Amazon cast itself as the new mom-and-pop business killer?

Beat the Clock on These 6 Vanishing Tax Breaks

They say good things come to those who wait. They also say he who hesitates is lost. But when it comes to half a dozen juicy tax breaks, it's the second "they" you should listen to, because he who waits until Jan. 1, 2012, to take advantage of them will be out of luck.

GOP Candidates: Whose Tax Plan Is Best for You?

From Herman Cain's 9-9-9 plan to Ron Paul's proposal to nix the income tax, the GOP presidential candidates have floated a range of ideas for jump-starting the U.S. economy. But will any of them jump-start your home's economics? We looked at how the four front-runners' proposals of would affect an average American family.

Bachmann Proposes Tax Hikes for All -- Reagan Style

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

The True Cost of State Sales Tax Holidays

As states grapple with huge budget deficits, 17 of them are eliminating sales taxes for back-to-school shoppers. But are sales tax holidays really a good value for consumers? Experts discuss the true costs of the programs and some of the alternatives.

Happy Tax Freedom Day

Happy Tax Freedom Day! It has taken us just 99 days to get here, but today, Americans will celebrate Tax Freedom Day. Tax Freedom Day marks the day...

State sales taxes continue to rise

If you flip on the news or thumb through a newspaper these days, it's no secret that the federal government is facing a mounting deficit. Spending...