What did the American Taxpayer Relief Act of 2012 do? Q.What did the American Taxpayer Relief Act of 2012 do? A.The American Taxpayer Relief Act of 2012 made permanent most of the income tax cuts enacted between 2001 and 2010 and extended other temporary tax provisions for between one and five years. Read more about What did the American Taxpayer Relief Act of 2012 do?
What would the tax rate be under a broad-based income tax? Q.What would the tax rate be under a broad-based income tax? A.That depends on what exclusions, credits, and deductions are left in and whether revenue neutrality is a must. Read more about What would the tax rate be under a broad-based income tax?
How are federal taxes distributed? Q.How are federal taxes distributed? A.Although enterprises (e.g., retailers, employers) are legally obligated to remit certain taxes, the burden of all taxes ultimately falls on households. Read more about How are federal taxes distributed?