Taxes

Question: Hi folks, We were just sitting here listening to Chris Farrell say that the AMT should be eliminated. We agree that changes need to be...

A few weeks ago, economics correspondent Chris Farrell told Scott Jagow we should get rid of homeowner tax deductions. Many listeners wrote in wondering if he was nuts. He addressed some of their bigger concerns.

Looking to cut your energy bills? Act fast and you could cut your tax burden at the same time. Tess asks Andrea Coombes how to take advantage of deductions expiring in 2008.

While Congress tries to adapt to changes to the alternative minimum tax, the IRS warns there will be a delay of tax refunds across the board. John Dimsdale reports why the AMT is holding up lawmakers.

Commentator Robert Frank says we don't need to transform human nature to do something about global warming, we just need to change people's incentives. A global carbon tax will hit folks in the wallet, and money is always a powerful incentive.

The Alternative Minimum Tax was once meant to make sure millionaires couldn't skip through loopholes. But now it's hitting the middle class, mostly in Democratic-leaning states. And commentator Jeff Birnbaum says the politics of fixing it speaks volumes.

The Supreme Court hears a case today that will decide whether it's legal for states to exempt in-state bond interest from income tax while taxing out-of-state bonds. Jeremy Hobson reports.

Drivers who use car-sharing services in the state of Washington will now have to pay almost 10% in car-rental taxes. Users call it a penalty on doing right by the environment. Cathy Duchamp reports.

Congressman Charles Rangel proposed a one-year patch for the alternative minimum tax to save taxpayers from a rate hike. But Jeremy Hobson reports it could threaten the Democrats' promise of pay-as-you-go spending.