The fiscal cliff deal is likely, according to Washington bean counters, to raise roughly $620 billion in new upper-income taxes over the next decade. In 2013, that works out to be about $50 billion.

At a time when Republicans and Democrats can't seem to come to terms on anything, most politicians are in agreement on one thing: the corporate tax code should be simplified. We reported here several ...

Nothing demonstrates the frustrating complexity and inefficiency of the United States government more than filing your taxes. The tax code is 6,800 pages (and counting), and is nearly impossible for ...

Doing a tax return, like a near-death experience, focuses the mind. It tends to leave one contemplating the meaning of things, though not necessarily the deeper aspects of life. More likely, taxpayers ...

Tax day is upon us, and millions of Americans are scrambling to finish their returns on time by navigating one of the most illogical, unfair, and confusing tax systems in the world—the federal tax ...

You can say what you want about Elon Musk, but he is able to pinpoint in a single tweet some of the most dysfunctional aspects of our federal government. For instance, he recently noted that ...

The Tax Code at a House Ways and Means Committee hearing on the Tax Cuts and Jobs Act. Even though the One Big Beautiful Bill Act made substantial changes in the Tax Code, one area where that may not ...

The complexity of the federal Tax Code can engender errors and underpaid taxes, according to a new government study. The study, by the Government Accountability Office, noted that the GAO has ...

Announcing a push for comprehensive tax reform on Wednesday, President Trump railed against the tax code’s complexity. Ninety percent of taxpayers, Trump said, need help to file their taxes. This ...

According to industry reports, there are more than 130,000 tax preparation businesses with nearly 300,000 employees in the United States. For the sake of comparison, that’s roughly the amount of every ...

The lawmakers explained it was the tax code’s complexity that had them turning to accountants for help. {mosads}“It’s so darn complicated, and I didn’t want to miss something,” said Sen. John Thune (R ...

If you're a procrastinator, you'd better not wait until the last day to start your tax return this year because you might not finish even if you work all day and night. The Internal Revenue Service ...