investment income

What Every American Should Know About the Capital Gains Tax

One of the most contentious issues in the debate over how the U.S. government can increase its revenues involves the capital gains tax rate -- the rate investors pay on their profits. Here's what you need to know to understand just what both sides are arguing about.

Year-End Tips to Trim Your 2012 Tax Tab

Year-end tax planning is trickier this time around: Unless Congress compromises, all the Bush tax cuts will expire when 2013 arrives, and many popular tax breaks that expired at the end of 2011 may not get revived. Here's how you can lower what you owe the IRS, regardless of what happens in Washington next month.

Your Mid-Year Tax Checkup: 3 Quick Things to Do Now

The halfway point of the year is a good time to look at where you stand on taxes, because if you discover you need to make some changes, you still have time. Here are three things to be sure to consider.

How You Can Get a Taste of Romney's Low Tax Rate

On Tuesday, GOP presidential hopeful Mitt Romney released his tax returns, which showed he only paid about 14% of his $21.6 million income in taxes. You'll probably never have that kind of money, but you can use some of his methods to save on your own taxes.

Income Inequality on Course to Hit Record Levels

With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.