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Federal Income Tax

A collection of news and information related to Federal Income Tax published by this site and its partners.

Top Federal Income Tax Articles see all

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  • Central issues of Election 2012

    Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the hottest summers on record, has the time come for the U.S. to adopt policies to slow climate change? Have sanctions against Iran impeded its nuclear program, and if not, does that make a military strike necessary? What to do about immigration?
  • After record profits, Disney CEO calls for corporate tax changes

     
    After his company reported the largest quarterly earnings in its history, the head of the Walt Disney Co. said he thinks the United States should cut its corporate income tax rate. “We pay a very high corporate tax rate as a company,” Disney...

    Romney Tax Release Comes After Months of Pressure

    Romney Tax Release Comes After Months of Pressure
    Mitt Romney's Friday release of some tax documents came after months of pressure on the Republican candidate to make public more of his financial picture. Republicans urging further release hoped additional documents would put the issue of what Romney...

    Romney paid 14 percent effective tax rate in 2011

    Romney paid 14 percent effective tax rate in 2011
    Mitt Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1 percent, his campaign said Friday. His effective tax rate was up slightly from the 13.9 percent rate he paid in 2010. The...

    Senate panel backs extension of mortgage debt relief law

    WASHINGTON — Here's some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013. Why is this...