Taxes

An important benefit to one class of litigants is deeply baked into the current system. The tax code provides that businesses may deduct all of their legal expenses (lawyer and expert fees, and discovery costs) in all cases — win or lose, meritorious or non-meritorious, plaintiff or defendant.

[From 2011] If you have an adjusted gross income of $1.8 million, for example, and file a joint tax return, New York's Andrew Cuomo has engineered annual tax savings for you of $27,280 in future years.

Will Democratic plans to extend this year's reduction in the payroll tax rate hand the GOP a long-term weapon to use in trying to undermine the program?

Will Democratic plans to extend this year's reduction in the payroll tax rate hand the GOP a long-term weapon to use in trying to undermine the program?

A simple rule meant to cut paperwork for U.S. companies has grown into one of the biggest multinational tax breaks around, costing the United States and other governments billions of dollars in lost taxes each year.

Going beyond classic "he said, she said" reporting to deliver evidence that rates cut by Clinton and then Bush are yielding increasing income inequality. Evidence-based reporting debunks rationalizations for treating investment more favorably than earned income.

A refreshing departure from the standard "he said, she said" model that assesses whether any evidence supports a new corporate tax holiday proposal. Reporter serves readers by standing outside the framework of corporate talking points, providing historical perspective.

Following large first-quarter earnings announcements from major oil companies, Senate Finance Committee Chair Max Baucus announced plans to introduce legislation to end tax incentives for the largest oil and gas companies, and President Obama renewed his call to eliminate those benefits for the entire industry.