Taxes

Why half of us don't pay income tax

Progressivity in the U.S. tax code plus lawmakers' addiction to tax breaks are the key reasons why. More

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    • Audits of mega-rich off to a slow start

      Audits of mega-rich off to a slow start

      The IRS defended itself this week against claims that the task force it created to examine the tax filings of the nation's wealthiest individuals has completed the audits of very few taxpayers.

      CNNMONEY
    • Your taxing IRS FAQ

      Your taxing IRS FAQ

      No taxation without obfuscation. It's the American way.

      FORTUNE
    • Fatal car wrecks jump on tax day

      Fatal car wrecks jump on tax day

      Study from the Journal of the American Medical Association shows that fatal car crashes increase by 6% on April 15, similar to the jump on Super Bowl Sunday.

      CNNMONEY
    • Obama makes case for Buffett Rule

      Obama makes case for Buffett Rule

      Minimum 30% tax on millionaires and billionaires would make it harder to avoid taxes and make the code fairer, Obama administration argues.

      CNNMONEY
    • Bizarre tax evasion schemes

      Bizarre tax evasion schemes

      From claiming that tax forms contain "the mark of the beast" to arguing that the IRS isn't a government agency, some people will go to great lengths to avoid paying taxes.

      CNNMONEY
    • Obama's Buffett Rule: FAQ

      Obama's Buffett Rule: FAQ

      The president's signature millionaire tax proposal would try to ensure that the very wealthy pay at least 30% of their income in federal taxes.

      CNNMONEY
    • Virtual tax audits coming soon?

      Virtual tax audits coming soon?

      The dreaded process of getting a tax audit could soon take place virtually in the comfort of your living room.

      CNNMONEY
    • More taxes from...everyone: Johnson 

      More taxes from...everyone: Johnson

      MIT Sloan economist and author Simon Johnson says we should let all the Bush tax cuts expire.

      CNNMONEY
    • 8 tax apps for filers on the go

      8 tax apps for filers on the go

      From organizing your receipts to filing your return, these 8 apps will help you through every step of your tax-filing journey.

      CNNMONEY
    • Your tax bill: 107 days of work to pay off

      Your tax bill: 107 days of work to pay off

      Tax Freedom Day arrives on April 17 this year. Americans will work 107 days to pay federal, state and local taxes in 2012, the Tax Foundation said Wednesday.

      CNNMONEY
     
    Tax facts: Half of us really don't pay up?

    Much of the debate about the economy in this election is going to be about taxes -- how much we pay, who pays it, if the burden is shared fairly. As the rhetoric heats up, these numbers can help you separate truth from spin.

    Quiz: What the rich really pay in taxes

    Many people think they know what the rich pay in taxes and have strong opinions about it. But the reality isn't always as black and white as they think.

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