News
CNN Money | Obama: Let's 'revamp' our taxes
Each president used an inaugural address to herald his intent to push tax changes during his term. Reagan and Bush were successful, but experts say Obama faces high hurdles to achieve the tax code revamp he has in mind.
CNN Money | 11 EU states to introduce tax on stock trades
European Union finance ministers have cleared the way for 11 members of the eurozone to introduce a tax on trading aimed at raising billions in euros from the financial services industry and deterring speculation.
Econ Comments & Analysis
Fortune | Estimating your new taxes: It's worse than you think
Well, it turns out that I knew even less about federal income taxes than I thought I did. In my recent column lamenting the extra complexity added to the tax code by the fiscal cliff avoidance legislation and the fact that even a numbers nut like me needs expert help to figure out his tax rate, I wrote that the legislation raised taxes on single people with at least $400,000 of adjusted gross income, and couples with at least $450,000.
