Tax

Updated ET, Sat ,

Key Democrats are still fighting to change the $10,000 cap on the federal deduction for state and local taxes. Here's what to know. ...
Spiraling inflation could mean higher taxes for millions of Americans – a phenomenon known as "bracket creep" that pushes taxpayers into higher-income brackets even though their purchasing power is unchanged due to wild surges in consumer prices. ...
Jason Furman, former Chair of the White House Council of Economic Advisers, joins Andrea Mitchell to discuss key issues in the Social Spending Bill, including climate policies and the child care tax credit. “A carbon tax is just a much better policy than anything under discussion right now. I hope one day we have it in our country, not sure that that day is going to happen in the next month or two,” says Furman. ...
Nike Inc. founder Philip Knight is one of many wealthy Americans who exploit estate tax loopholes to pass their wealth onto their heirs without paying taxes. ...

( )