Aram Zucker-Scharff

“Just remember to extend those tax cuts costs $1tn dollars over 10 years. There is no way we can get back to a balanced plan that put us back on the path to living within our means, protects Medicare, invests in things we need, if you extend those ta…

Most Americans paid less in taxes in 2010 than people with the same inflation-adjusted incomes paid in 1980, because of cuts in federal income taxes. At lower income levels, however, much of the savings was offset by increases in federal payroll taxes…

nslayton:

Confused about the financial crisis and the recession? Wondering about austerity? Well, austerity doesn’t work, and here’s a great video from Mark Blyth explaining why. It’s actually kind of fun, and very informative. Looking at this f…

Alternative minimum tax delays could be costly for up to 60 million Americans: shortformblog:

Nearly half of U.S. taxpayers would be unable to file their 2012 taxes — or receive their refunds — until at least late March if Congress fails to enact…