The candidates all talk about improving the system, but there is no consensus on what to change. Closing 'loopholes' is unlikely to win votes.
Businesses small enough that their income is reported on owners' returns account for the greatest amount of underpaid taxes. Only 1% of those are audited.
With a salary of only $1, founder Mark Zuckerberg may not owe Uncle Sam anything. And there are strategies that could keep him from ever paying income tax again.
One-Percenter of the Week: Even the highest earners sometimes take a hit, but Philippe Dauman will be OK. In 2011, he still collected 4 times the median pay for an S&P 500 CEO.
Maybe. Don't panic if you get a 1099-C or 1099-A for forgiven debt. You may owe tax, but you may qualify for an exception and not have to pay.
The number who advocated cheating 'as much as possible' doubled last year, to 8% of taxpayers. An additional 6% say it's OK to cheat a little.
Check the form against your last pay stub of 2011 to make sure the company reported the correct amounts earned and withheld. If you find a mistake, contact your employer.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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.
Saving just a single month of expenses may take longer than you think. See how your savings rate affects how quickly you can build a solid emergency fund.
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