Taxes
  • A 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

    Why Trillions in Offshore Profits May Stay Offshore

    By Michael Rainey

    The tax law that went into effect this year imposed a one-time, reduced tax on profits held overseas by U.S. companies. The tax holiday was designed to encourage corporations to bring money home, to...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    Tax Cuts Put the Brakes on Bracket Creep

    By Michael Rainey

    Receipts from individual income taxes tend to rise every year due to what economists call “bracket creep” – the movement of more taxpayers into higher tax brackets over time, even as tax rates stay...

  • Social Security Pulled 27 Million People Out of Poverty in 2017

    By Michael Rainey

    Since 2011, the U.S. Census Bureau has produced a more sophisticated measure of poverty that, among other things, includes the income effects of government assistance programs such as Social Security...

  • The federal government forms for applying for health coverage are seen at a rally held by supporters of the Affordable Care Act, widely referred to as "Obamacare", outside the Jackson-Hinds Comprehensive Health Center in Jackson, Mississippi, U.S. on Octo

    House to Considers Billions in Cuts to Obamacare Taxes

    By Michael Rainey

    In addition to a package of bills that would make the individual tax cuts permanent , the House is expected to consider legislation this week that would delay or roll back multiple tax provisions in...

  • FILE PHOTO: MSNBC's Scarborough and Brzezinski arrive for the annual White House Correspondents' Association dinner in Washington

    Is Joe Scarborough Right About the GOP and the National Debt?

    By The Fiscal Times Staff

    Former GOP congressman and current Trump antagonist Joe Scarborough laid into the president and his party this week, finding fault with, among other things, their track record on deficit spending. "...

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