The Scottish-born winner of the Nobel Prize for Chemistry took a jab Wednesday at US presidential candidate Donald Trump, who has bragged that he was "smart" to avoid paying taxes.
States with right-to-work laws "free ride" on the higher tax revenues generated by workers in collective bargaining states, says a new study from a University of Illinois labor expert.
Although planning for a comfortable retirement is a mainstay of public discussion, far less attention has been paid to the tax consequences of generating retirement income, says a University of Illinois expert on taxation ...
Large majorities of tax policy experts in the U.S. favor a graduated personal income tax, taxing long-term capital gains as ordinary income, a net income tax on corporations and extending the retail sales tax to services.
(Phys.org)—What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer to enjoy the extra income before they retired.
On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some ...
California has a friend who's about to write a hefty personal check that could help ease the state budget crunch.
Long portrayed as stagnant, the income growth of the U.S. middle class may be more than 10 times greater than previously suggested by some economists, according to a new study at Cornell.
Getting a tax refund from the federal government at the end of the year may not always be the best option for lower-income populations, according to the research from Harris School economist Damon Jones.
The early bird doesn't always get the worm. Moreover, said a consumer-finance expert in Penn State's College of Agricultural Sciences, being in a hurry to file your federal income tax forms in pursuit of a quick refund isn't ...