tax code

Opinion

Opinion: Does Our Tax System Benefit the Rich on Purpose?

Who’s cheating Uncle Sam the most these days? Earlier this year, a pair of IRS researchers joined with economists from Carnegie Mellon, the London School of Economics, and the University of California at Berkeley to explore that question. Americans up and down the income ladder, these analysts found, fail to report all their income. But the level

Opinion

Opinion: This Tax Day, Lower Rates and Simplify the Code

Even though April 15 has come and gone, Tax Day is finally here. And now, more than three years after the passage of the Tax Cuts and Jobs Act, the vast majority of Americans continue to reap the economic benefits of tax reform. Estimates suggest 90 percent of taxpayers got a break on their taxes. Reduced business

Politics

Trump facing devastating debt load? Experts say not so fast

President Donald Trump reportedly must pay back more than $300 million in loans over the next four years, raising the possibility his lenders could face an unprecedented situation should he win a second term and not be able to raise the money: foreclosing on the leader of the free world. But financial experts say the

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