President Barack Obama wants to increase taxes for wealthy Americans. President will make an appropriate offer of 20 January, during his annual message to Congress. It is expected that Obama will propose to raise taxes from 23,8% to 28% for families whose annual income exceeds $500 thousand. Views:

According to a new report of the Institute on Taxation and Economic Policy, the people who earn the least amount of money.pay about 17% taxes. Meanwhile, the most successful citizens cough up just 2.4%. Views: MSmoth Front the list you’ve given, you won’t believe which states have a better

He left America at the age of seven, has never earned a penny there, but might owe the U.S. government $6,000 in taxes. Meet Elad Shahar, who was born in 1969 to Israeli parents in New York when his father was posted there for work. Anybody born on U.S. soil -- or to one American parent anywhere in

Astronauts still have to file their taxes on April 15 every year -- even if they're floating in outer space. Americans just cannot escape the Internal Revenue Service -- even by strapping on a space suit and blasting themselves into outer space. Yes, that's right. Astronauts are on the hook to file

Congress is opting for a modest measure that would extend a slew of popular tax breaks for just a few more weeks. Congress abandoned efforts Tuesday to craft an ambitious tax plan that would have raised hopes for bipartisan collaboration when Republicans take over in January, opting for a modest