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The Fiscal Cliff: Who Has the Most to Lose If We Fall Off

Beyond the land of presidential debates, the political arena is getting hotter. The pending economic catastrophe that is the "fiscal cliff" is... read more »

Fix This Roth IRA Mistake Before the IRS Nails You

Using Roth IRAs to save for retirement is one of the smartest moves you can make. What's not smart, however, is breaking the IRS rules governing... read more »

Hillary Clinton Wants to Tax the Rich -- Here, There and Everywhere

Last month, Secretary of State Hillary Clinton suggested that elites the world over are under-taxed, and that governments everywhere should... read more »

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Tax News

Pop Quiz: Who Are the 47%, and What Do They Really Pay in Taxes?

By Bruce Watson

| 2:08PM 9/21/2012

Mitt Romney's criticism of the 47% of Americans who don't pay federal income tax has re-energized the debate over who pays into our system, and who reaps its rewards. But the answers to those questions are trickier than you might guess. Think you know how the tax system really works? Take a peek at our quiz.

3 Ways to Beat the IRS in 2013 If America Falls Off the Fiscal Cliff

By Dan Caplinger

| 12:24PM 9/21/2012

Tax planning is more complicated than ever now, thanks to the fiscal cliff we're hurtling toward and the tax increases it would bring. And while it's possible that Congress will steer us away from the cliff, if you're in a higher tax bracket, it's time to start doing some contingency planning.

A Radical Solution for the Social Security Crisis: Have More Babies!

By Adam J. Wiederman, The Motley Fool

| 3:10PM 9/20/2012

In the debate over how to keep Social Security afloat, two proposals dominate: Either raise taxes or cut benefits. Neither is an attractive option, but one there is little-mentioned solution that could fix Social Security almost painlessly: Make more cute little Americans.

The Surprising Facts About Mitt Romney's 47% Who Pay No Income Tax

By Bruce Watson

| 1:48PM 9/19/2012

Mitt Romney has been taking some flak for saying the he's not going to try to win votes among the 47% of the populace that pays no federal income tax -- nor try to convince them to "take personal responsibility and care for their lives." But he should look more closely at who's in that group.

Romney: 'Middle Income' Is Between $200,000 and $250,000

By The Associated Press

| 11:00AM 9/14/2012

Mitt Romney is promising to reduce taxes on middle-income Americans. But how does he define "middle income"? The Republican presidential nominee defined it as income of $200,000 to $250,000 a year.