TaxBytes

Social Security and Medicare are going broke, primarily because of the way the system is structured.

The debate over the debt ceiling extension dominates the news cycle and political discussions.

Backed into a corner by Republican demands for severe spending restraints as a condition for an extension of the debt ceiling, President Obama has attached a few conditions of his own, among which are eliminating some corporate tax breaks for corporate jets, tax breaks for oil companies, and the like.

One of the many problems with our tax system in the United States is that we are schizophrenic on the question of whether or not taxes affect decision-making.

During one of the 1980 presidential debates with incumbent President Jimmy Carter, Ronald Reagan famously asked the American people whether they were better off than they were four years earlier.

Washington is beginning to buzz about a reported push by the White House and Treasury Secretary Timothy Geithner to reform corporation taxation.

If Washington is looking for a solution to the long-term financial challenges facing Social Security, it my try looking overseas, to, say … Kazakhstan.

He grew up in a middle class home—lower middle class, to tell the truth.

The majority of Americans seem to agree that our nation is headed for fiscal disaster, not only through their responses to polls taken by news organizations, but also through the most important poll--the one that was taken last Election Day.

If the solution to your family’s financial problems were to cut spending by only 1 percent, could you do it? Of course you could.