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Publication Taxpayers who itemize their deductions are allowed to deduct state and local taxes from their federal taxable income. This deduction is limited to either income or sales taxes, but not both. Personal property taxes, such as local taxes on...

A worker at perforating company Bion uses a machine at the factory in Reading, Britain September 22, 2016. Picture taken September 22, 2016. Photo by Peter Nicholls/Reuters U.S. trade agreements could be the first economic casualty of the 2016 election...

Please read: then discuss the issue. Thanks The corporate income tax is the most poorly understood of all the major methods by which the U.S. government collects money. Most economists concluded long ago that it is among the least efficient and least...

WASHINGTON (MEDIA GENERAL) — President-elect Donald Trump has promised to simplify the federal tax code and shield middle-class bank accounts from the IRS. His plan calls for fewer tax brackets, shrinking corporate taxes, extending child care tax credits...

By John Mauldin, February 19, 2017 Free, or Fair? Tariffs Ruin Christmas Retail Rubble Manufacturing Jobs Are the Last War Dollar Disaster Game Theory: Destroying the Nash Equilibrium Revisiting Hooverville A Most Intricately Balanced Nash Equilibrium...