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Attaking Tax Loopholes, Obama Takes Aim at Carried Interest

On Sunday, President Obama went on the offensive against the carried interest tax rate. In a nutshell, this tax break allows super-rich hedge fund managers to sidestep a large portion of their tax bills with Wall Street slight of hand.

Happy 100th Birthday, Income Tax!

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.

Aerospace Industry Increasingly Fearful of Fiscal Cliff Cuts

When the Aerospace Industries Association held its big annual gathering this week, the talk wasn't about America's superior aircraft and spacecraft. The subjects that dominated the event were the fiscal cliff, sequestration, and the potential damage that automatic spending cuts could do.

Tax Hike for Wealthy Americans Won't Kill Growth

Allowing income tax rates to rise for wealthy Americans, and maintaining rates for the less affluent, would not hurt U.S. economic growth much in 2013, the Congressional Budget Office said on Thursday, stepping into a dispute between Republicans and Democrats over how to resolve the so-called "fiscal cliff."

Pop Quiz! Who's Winning the Tax Game (and By How Much)?

To get a handle on our nation's economic problems, it helps to start with the facts. But not all of them are as obvious as you'd think, so we're compiling some of the most surprising for our readers. Think you know all the answers? Take our quiz and see.