Mitt Romney’s Gray Areas

Legislators will consider rates totaling up to 30 percent, hoping to pay for new laws without driving customers back to the black market.    

The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. Read full article >>    

Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. A new study by the National Taxpayer Advocate used confidential IRS data to show     

President Obama and Vice President Biden released their tax returns on Friday.

Although taxes are one of life’s certainties, they can still surprise you.Consider the iconic New York bagel: decide to have yours toasted, and it’ll come with a tax. The rationale is that sliced bagels are usually consumed on a café or store’s premises—and restaurant meals are taxed, whereas groceries (like a dozen unsliced bagels) are not.State governments can be remarkably efficient when it com