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Why increasing the standard deduction is a big change now, and maybe later

Sep 27, 2017
A key component of the Republican tax plan is doubling the standard deduction for individuals. The standard deduction reduces the amount of income on which you pay taxes, so doubling it means folks who typically take the standard deduction could have lower taxable income. And it also could lead more people to take the standard […]

2017 is no 1986 when it comes to tax reform

Sep 27, 2017
The ingredients used 30 years ago to rewrite the code don't exist today, including shared principles.
President Donald Trump speaks about tax reform at the Indiana Farm Bureau today in Indianapolis.
BRENDAN SMIALOWSKI/AFP/Getty Images

Would companies use repatriated profits to invest?

Sep 27, 2017
After a one-time tax holiday in 2004 companies used repatriated funds to buy back their own stock or pay dividends to their shareholders.
(L to R) Jeff Bezos, chief executive officer of Amazon, Larry Page, chief executive officer of Alphabet Inc. (parent company of Google), Sheryl Sandberg, chief operating officer of Facebook, Vice President Mike Pence listen as President Donald Trump speaks during a meeting of technology executives at Trump Tower on December 2016 in New York City.
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How Americans really feel about taxes

Sep 27, 2017
"Tax morale" is high as President Trump prepares to unveil reform framework.
IRS data show that more than 90 percent of Americans agree that paying taxes is a civic duty.
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The GOP tax plan has fewer tax brackets and bigger deductions, but is light on details

We’ll have three brackets instead of seven, with the option of a fourth for the wealthiest Americans.
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Desperately needed: details on the federal tax plan

Sep 25, 2017
The president is scheduled to talk more about it on Wednesday.
President Donald Trump talks about his tax reform plan in Springfield, Missouri, in August.
Michael B. Thomas/Getty Images

Lobbyists line up to defend the mortgage interest deduction

Sep 25, 2017
The tax break for homeowners has been around as long as the tax code itself.
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For public good, not for profit.

Former Sen. Bill Bradley talks tax reform

Sep 22, 2017
Marketplace Weekend digs into the issue of tax reform, plus, a look at taxes as a tool for social engineering.
Former U.S. Senator Bill Bradley speaks during a news conference to discuss Cory Booker's campaign run for the Senate on June 2013. 
Ramin Talaie/Getty Images

Officials fight to keep the state and local tax deduction

Sep 22, 2017
GOP lawmakers consider eliminating it as apart of a tax-reform plan.
Anticipating a high volume of calls and the ensuing backlog, the IRS is urging people to prepare as much as possible this tax season.
Justin Sullivan/Getty Images

Cruz proposes “full and immediate” expensing for businesses

Sep 13, 2017
Mark your calendars for the week of September 25. That’s when Republicans say they’ll role out more details of their plan for tax reform. Republican Sen. Ted Cruz of Texas presented details of his priorities today at the Tax Foundation. On that list, right after “a low, flat tax rate” and “file on a postcard” […]