Why Americans Think the Tax Rate’s High, and Why They’re Wrong
When Mitt Romney said that his federal tax rate was about 15 percent, many wrongly assumed that their own rate was higher. Read More
Read MoreThe G.O.P. Campaign, at a Fever Pitch
As the South Carolina primary approached, readers responded to articles about the Republican presidential race. Read More
Read MoreFour Keys to a Better Tax System — Economic View
William E. Simon, the former Treasury secretary, said “the nation should have a tax system that looks like someone designed it on purpose.” Here are four principles that most economists would endorse. Read...
Read MoreRomney’s Tax Returns Show How Laws Favor the Wealthy
Mitt Romney on Tuesday released documents that show he and his wife had an effective federal tax rate in 2010 of 13.9 percent. Read More
Read MoreWhat Obama’s New Student Loan Plan Offers You
You might need a graduate degree to understand Obama’s new student loan plan, announced on October 26, 2011. We will break it down for you. The new plan may provide relief to the more than 5.8 million Americans with student loans. The Plan offers these benefits to students: 1. Loan Consolidation with decreased interest for qualifying Federal loans 2. Income based repayment – The College Cost Reduction and Access Act of 2007 currently requires your monthly student loan payments of 15 percent of your discretionary income and allows forgiveness of your student loans...
Read MoreWorst Tax States for Retirees
Some states offer attractive tax benefits for retirees (Florida). Then there are these ten tax hells, which have earned a place on our “do not live here for your second act” list either because of higher-than-average taxes across the board or because of policies that don’t exempt much retirement income from state taxation. For retirees living on a fixed income, high income taxes, burdensome real estate taxes and hefty sales taxes on daily purchases can really eat into a nest egg. Choosing to relocate to — or stay put in — a state with a low overall tax burden can...
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