Taxes
  • Why You Can Worry a Little Less About an IRS Audit

    By The Fiscal Times Staff

    Having lost about a third of its enforcement staff since 2010, the IRS is auditing a lot fewer Americans, says The Wall Street Journal . In 2017, the percentage of individuals being audited fell to...

  • Analysis: Jumping off the fiscal cliff

    Most Households Getting Tax Cuts in 2018

    By The Fiscal Times Staff

    The Tax Policy Center issued a new report Wednesday that takes another look at the winners and losers from the Tax Cut and Jobs Act. Overall, TPC says 65 percent of households in the U.S. will get a...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    Republicans to Push for More Tax Cuts, Balanced Budget Amendment

    By Michael Rainey

    The Hill reports that Congress, having passed a $1.5 trillion tax cut in December and a $1.3 trillion spending package just last week, isn’t sure what to do next. Lawmakers may turn to infrastructure...

  • US Borrowing Nearly $300 Billion This Week

    By Michael Rainey

    The Treasury Department plans to sell a record $294 billion worth of bills and notes this week, according to Bloomberg . The tax cuts signed into law by President Trump are causing a decline in...

  • Chart of the Day: Big Tax Cut Winners

    By Michael Rainey

    Just 17 publicly-held U.S. oil and gas companies have reported a combined $25 billion in direct, one-time benefits from the GOP tax overhaul, according to an analysis in Pacific Standard . ExxonMobil...

Taxes Directory

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