Taxes | featured news

The two certainties in life - death and taxes - may be more intertwined than Ben Franklin ever imagined: A study found that deadly auto accidents increase on Tax Day.

The vast majority of tax breaks in the U.S. tax code would be difficult to eliminate because they promote important social goals or are “hugely popular” with voters, according to a new congressional analysis that casts doubt on Republican promises to substantially lower tax rates without increasing budget deficits.

Death, taxes and now health insurance? Having a medical plan or else paying a fine is about to become another certainty of American life, unless the Supreme Court says no.

Facing intensifying election-year attacks over rising energy prices, President Barack Obama will seek on Thursday to shift the spotlight onto oil and gas companies by calling for the repeal of tax breaks that benefit the industry.

An Associated Press-GfK poll shows that President Barack Obama's proposal to make millionaires pay a significant share of their incomes in taxes is widely popular. But the plan is not shaking the public's embrace of spending cuts as the best way to balance the budget....

Republicans and business groups complain that the 35 percent corporate tax rate is among the highest in the world, leaving American companies at a disadvantage.

The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.

Barack Obama is calling on Congress to extend a payroll tax cut for the remainder of the year as a deadline nears for Congress to act or see taxes go up for millions of working Americans.

Paying taxes is bad enough. Finding out you pay a larger percentage of your income than presidential candidate Mitt Romney or billionaire Warren Buffet makes it even worse. But that's the case for millions of American, who pay higher rates because most or all of their income comes from a salary rather than dividends. The capital gains tax rate on investments currently tops out at 15 percent, while the highest rate for earned income is more than twice that at 35 percent.

Groupon Inc reported a quarterly net loss Wednesday as the largest daily deal company recorded higher taxes overseas.