If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Definition: Net National Income is ... would amount to double counting. It includes taxes but does not include subsidies. When depreciation is deducted from the GNP, we get Net National Income. Also ...