That compares with the 31% rate paid by Gingrich and the 14% paid by Romney, both of whom have much higher incomes.
Normally, you can't deduct the cost of staying well from your taxes. But if a doctor prescribes exercise for a specific medical condition, your dues could net you a tax break.
The president seeks to raise $1.5 trillion in the next 10 years from wealthy Americans. Yet most of his proposals were also in last year's budget and went nowhere.
The legislation still has to be written, but congressional leaders agreed to extend jobless benefits and raise Medicare payments. More controversial proposals were dropped.
Membership grew last year after losing ground in every year since 2007. Here's where the biggest union work forces are.
A dependent doesn't have to be a relative or even live with you, but you do have to provide more than half of his or her support and meet other criteria.
Facebook's IPO indicates its founder will pay a hefty tax bill for exercising stock options. That income is taxed at the 35% rate, since entrepreneurs don't get the same treatment as investors.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Use your organizing skills to make sure your financial house is in order too.
Americans can kill two birds with one stone by filing their taxes and buying health insurance at the same time.
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