After adjusting for benefits received, upper-income Americans pay more than 100% of all the individual taxes in the United States. How is that possible?
Under the recently-passed framework budget agreement, military pensions are scheduled to receive 1% lower COLA adjustments for veterans under the age of 62.
Raising taxes on the rich is a politically-divisive topic, as issues of income inequality, politics and government spending come into play. Would it help to raise taxes on higher earners?
‘Obamanomics’ is a term coined to describe the economic policies of President Obama. Is the budget deficit reduction proof that these policies are working?