How the Super-Rich Scored on Tax Day

This year, the IRS reports that the average federal income tax rate on the 400 highest adjusted gross incomes is 17%. Want to know how? Just look to the tax code. Historically, the Internal Revenue Service makes an announcement the first week of April that they have arrested a public figure or …

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Written by Hank Adler on Monday April 18, 2011

The Dems' Lose-Lose Charity Tax Spike

Democrats are again looking at eliminating the charitable giving deduction. But this won't just hurt donors or the needy. It'll hit government too - in the pocketbook. Once again, tax reformers are considering limiting or eliminating the charitable deduction. There are three problems with their …

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Written by Hank Adler on Monday March 28, 2011