Mitt Romney may not be paying as much federal income tax as you’d like. But his charitable giving is extraordinary. Add the two together—taxes and voluntary giving—and you get something close to an overall rate that many …
Taxes
Would You Get Your Taxes Done At Walmart?
Walmart has been steadily growing the scope of its financial services, offering unbanked Americans a place to do things like cash checks and pay bills cheaply — located in stores where customers will hopefully turn around and …
Money Milestones: What Kids Should Know About Money and When
President Obama and his top financial advisers in November were handed a blueprint for what kids at certain ages should be expected to know about money. The document is still a work in progress. But it’s far enough along to …
A Tax Hike is a Terrible Thing to Waste
For weeks, Democrats and Republicans have been locked in a bitter dispute over the so-called “millionaires tax” – an income tax surcharge targeting wealthy taxpayers. Democrats want to use it to pay for an extension of the …
The IRS Might Owe You $1,547
Usually when the IRS starts tracking people down, it’s because Uncle Sam is owed some money. But for 100,000 Americans somewhere out there, the IRS is trying to return $153 million.
Estates Paying Taxes: Down. Estates Filing Returns: Up
In 2011, some 3,300 estates will owe federal estate taxes, according to the Tax Policy Center. That’s the fewest in 75 years.
10 Money Moves to Make Before 2012
It’s that time of year again. Gifts to buy. Tips to hand out. Charities to support. While you’ve got your hand on your wallet, consider these 10 year-end money-saving moves designed to create a little something extra just for you.
The Tragic Death of the Temporary Tax Cut
I love the holidays in Washington. Christmas trees at the Capitol, carols at the National Cathedral–and another partisan catfight over taxes.
What Darwin Can Tell Us About Black Friday
The seeming economic success of this year’s Black Friday-But-Really-Thursday, judged by many as an economic win-win for business and consumers, got us wondering what we as a country have gained in terms of what psychologists …
IRS Catches More Tax Cheaters — But They’re Already in Prison
America’s Love-Hate Relationship with Wealth
I’ve been on the road for the past two months, mostly in Bolivia and Peru, where I was pretty off the grid and didn’t keep up with the news. So I arrived home to find a strange phenomenon: Protesters “occupying” Wall Street. And …
Amazon Supports a Bill Forcing Online Shoppers to Pay Sales Tax
The days of skirting around having to pay retail sales tax by shopping online may be coming to a close—and Amazon, of all companies, is supporting the effort.