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Taxes

"Patriotic Millionaires" in the U.K. call for higher taxes … on themselves

by Stephen Beard
Apr 5, 2022
The group of wealthy individuals say they would be happy to pay a lot more in taxes to ease the burden on the poor and the middle classes.
As the United Kingdom grapples with high inflation, a group of millionaires is volunteering to take a bump in taxes.
clubfoto/Getty Images
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Biden proposes minimum 20% tax on wealthiest American households

by Matt Levin
Mar 29, 2022
The plan would affect households that have more than $100 million in net worth.
Nicholas Kamm/AFP via Getty Images
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Tax deadline fast approaching: Is the IRS ready?

by Marielle Segarra
Mar 25, 2022
It's still working through backlogs from previous couple of years.
Some people still haven’t gotten their 2020 tax refunds.
Stefani Reynolds/AFP via Getty Images
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Expect a messy tax season after last year's delays

by Kristin Schwab
Jan 17, 2022
Some 6 million returns from last year have yet to be processed. Delays could snowball for seasons to come.
File your taxes early, experts advise. Delays in moving last year's returns through the system could stall processing this year.
Drew Angerer via Getty Images
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IRS tells payment apps to report business transactions over $600

by Kristin Schwab
Jan 7, 2022
The threshold used to be much higher.
As the number of self-employed workers expands, the IRS is requiring online payment platforms like PayPal to report transactions greater than $600. The threshold used to be $20,000.
Eric Piermont/AFP via Getty Images
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Being single in the U.S. comes at a cost

by Reema Khrais and Andie Corban
Dec 22, 2021
Author Anne Helen Petersen compares being single in the United States to living in a hostile climate like the Arctic.
"Nearly 40% of the population is either single or a single parent, and the ways in which people are falling through these social safety nets” demonstrates the need for change, said author Anne Helen Petersen.
Leon Neal via Getty Images
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I've Always Wondered ...

How do states without a sales tax or income tax pay for government services?

by Janet Nguyen
Nov 11, 2021
Only two states — Alaska and New Hampshire — have foregone both of these taxes.
A landscape view of Alaska, which is one of only two states that has neither a sales tax nor an income tax.
mantaphoto/Getty Images
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What's the best way to get tax cheaters to pay up?

by Amanda Peacher
Oct 20, 2021
Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Democrats are scaling back their proposal to expand IRS crackdowns in an effort to target wealthier tax evaders.
Chip Somodevilla via Getty Images
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How the Pandora Papers show the U.S. has become the tax haven for the global elite

by Amy Scott and Andie Corban
Oct 4, 2021
Dominic Rushe of the Guardian outlines the financial and geopolitical implications of the Pandora Papers.
Among other things, the documents known as the Pandora Papers reveal the fast growth of special trusts in South Dakota, directly tied to the easing of restrictions, says the Guardian’s Dominic Rushe.
Loic Venance/AFP via Getty Images
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From taxes to the drug trade, how the Taliban paid its way

by Sabri Ben-Achour
Aug 16, 2021
The Taliban has taxed everything from government projects to international trade.
An Afghan opium poppy farmer at work in 2011. While the Taliban receives income from taxing opium, most of its recent income has come from taxes on legal goods.
Bay Ismoyo/AFP via Getty Images
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