Congress' Tax Chiefs Want You to Help Make the Tax Code Simpler
If filing your taxes makes you crazy, now's your chance to do something about it. Two key lawmakers are asking ordinary Americans for advice on improving the U.S. tax code.
tax code
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."
Overwhelming Support for Taxpayers Giving the Least They Can
A strong majority of Americans support their fellow citizens' doing everything they can within the law to minimize their tax obligations: 85% approve, 56% strongly.
Meet the 'Voice of the Taxpayer': Nina Olson Speaks for You
Think you're on your own if you want your tax-related concerns heard in Washington? Well, you're not. Since 1979 there's been an official advocate who has the ear of Congress, regularly making a stink on taxpayers' behalf, aiming for a fairer, simpler, system.
3 Simple Tax Terms That Have Been Redefined to Confuse Us
Is the U.S. tax code designed to be confusing? At more than 70,000 pages, its complexity is hard to overstate. But forget its size: Even in its most basic terms, the IRS seems determined to muddy the waters. To help you out, we've unpacked a few of the most weaselly weasel words.
9-9-9, Take 2: Cain's Revamp Still Stings Middle Class
GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.
Tax Rule Will Bury Small Businesses in Paperwork
Today, businesses must send 1099 forms to people they pay $600 or more for services rendered. It's a simple way to make sure workers report their income to the IRS. But starting in 2012, businesses will have to send 1099s to other companies too, for virtually every product or service they purchase.
America's Job Engine Needs Innovation and a Catalyst
After past recessions, the U.S. has always bounced back because of its economic adaptability and ability to restructure. This time is no different -- except that the size of the job gap that needs to be filled now makes the task much harder.