Fees cancel tax advantage of college savings plans

(Phys.org) —Government efforts to make it easier to save for college have unintended consequences, according to a Cornell economist. When you get a tax deduction for contributing to a college savings plan, your savings ...

Millionaire migration following tax hikes a myth, study finds

(Phys.org)—Anti-tax advocates argue that millionaires will flee from states that raise taxes on their highest earners. But a study by Stanford and Princeton researchers shows no evidence of millionaire migration in response ...

Only tax increase can cure Illinois budget woes, study says

Tax increases are the only solution to a widening budget crisis that a new study says has landed Illinois among the nation's most financially troubled states, a soon-to-be-released report by a team of University of Illinois ...