First family paid 26% of adjusted gross income, and the Bidens paid 23%. The Obamas are expecting a refund of $12,334.
| Tags: | federal taxtax ratetaxes |
Americans are paying less in federal taxes than they did under Bush, and taxes are taking the smallest share of GDP since Truman was president.
Treasury secretary explains why administration favors lowering rates while eliminating deductions and credits.
Low-income workers may actually pay higher taxes this year, with the loss of the Making Work pay credit.
Committee chair wants to looks at changes to tax code for corporations and individuals simultaneously.
With all the maneuvering, it's hard to keep up without a scorecard. Here are the major changes that will affect your taxes this year.
Hedge-fund managers and affluent taxpayers mostly do well, but couples earning less than $40,000 may pay more taxes.
End of Bush tax cuts and additional Medicare tax will mean higher taxes, especially for wealthy. And inflation could push more into that group.
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