Related topics: tax

Experts expect compromise to avoid fallout from the 'fiscal cliff'

(Phys.org)—The image of a "fiscal cliff" may give the wrong impression of the potential fallout should Congress fail to take action by the end of the year on the Budget Control Act. Iowa State economist Dave Swenson described ...

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 ...

How Apple's phantom taxes hide billions in profit

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 ...

Wisconsin Poverty Report shows anti-poverty programs worked

The third Wisconsin Poverty Report released today (Wednesday, May 4), shows that expanded tax credits and food assistance programs helped shield the state's poorest residents from the worst effects of the recession.

New small business law could have big effect on retirement accounts

A new law aimed at helping stimulate small business job growth through tax deductions could have major consequences for anyone with a retirement savings account at work, a University of Illinois expert on taxation and elder ...

Roth IRA conversion not a good fit for all, tax expert says

Starting next year, anyone can convert retirement savings into tax-advantaged Roth individual retirement accounts, but the much-touted switch isn't for everyone, a University of Illinois expert on tax and elder law warns.

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