How the Lack of Action on the Debt Ceiling Can Hurt the Economy
Even though the government has never defaulted, the continued pattern of brinksmanship has negative consequences for our economy.
Read MorePayroll Taxes: What Are They and What Do They Fund?
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Read MoreHow Marginal Tax Rates and Breaks Affect What You Pay
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
Read MoreThe U.S. Corporate Tax System Explained
Presently, revenues raised by the corporate income tax represent the third-largest category of federal tax revenue in the United States, trailing those generated from the individual income and payroll taxes.
Read MoreInfographic: How the U.S. Tax System Works
One issue that most lawmakers and voters agree on is that our tax system needs reform.
Read MoreBudget Basics: Who Pays Taxes?
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts.
Read MoreThree Major Challenges to Retirement Security
The top financial worry for Americans is having enough money for retirement — and for good reason.
Read MoreSocial Security Reform: Should We Raise the Retirement Age?
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
Read MorePresident Biden’s Policies Would Reduce Deficits by Trillions if Enacted — But Debt Would Still Climb
President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).
Read More$1 Trillion Deficits Are Projected for the Foreseeable Future
The federal deficit is projected to be over $1 trillion each year for the next 10 years, according to the Office of Management and Budget.
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