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Treasury Secretary Steven Mnuchin says his tax rate actually went up after Trump’s tax cuts — and the reason why makes perfect sense
The cap on the state and local tax deduction has caused wealthy taxpayers in New York and California, like Steve Mnuchin, to pay more this year.
Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction
Candidate Donald Trump promised to eliminate the debt "over a period of eight years," but the presidential budget shows that isn't going to happen.
The US federal deficit soared to $310 billion to start fiscal year 2019, up 77% from the year before
The US budget deficit soared due to a drop in tax revenues and increased spending. Trump's tax law and the bipartisan budget deal drove the jump.
After three weeks of data showing the average tax refund was smaller than last year, the IRS announced Thursday that refunds are up 1.3% on average.
President Donald Trump fell short of his long-promised goal of 3% GDP growth in 2018, and economists expect he'll be disappointed in 2019 too.
The increase in national-debt accumulation has been caused by the GOP tax law's cut to revenues and the bipartisan budget deal's increased spending.
Democrats claim the decline in Americans’ tax refunds is proof the GOP tax law screwed over the middle class — but the truth is more compl...
The decline in tax refunds isn't actually proof that Republicans' tax law, the Tax Cuts and Jobs Act, increased taxes on the middle class.
Former Fed Chairman Paul Volcker rips Trump, Congress in new interview with hedge-fund legend Ray Dalio
"For an old government man like me, it doesn't look very good. Let's hope it gets better," Volcker told Dalio in a new interview.
It's the first tax season under the new tax law President Donald Trump enacted in late 2017 and some filers are complaining of a smaller refund.
SmartAsset used its paycheck calculator to find the take-home pay for a $75,000 salary — or what you bring home after taxes — in 25 big cities.