Taxes

Perils of moving to a no-tax state

People who move to states with lower income taxes or none at all may have to prove to their old state that they really have established a legal permanent residence elsewhere, or else face back taxes.  More

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  • The 'chicken poop' credit and other bad tax breaks

    The 'chicken poop' credit and other bad tax breaks

    There are plenty of loopholes in the corporate tax code that savvy companies can take advantage of to lower their tax bills. CNNMoney asked four tax experts for their top picks of the worst ones.

    CNNMoney
  • 4 federal agencies to shut Friday

    4 federal agencies to shut Friday

    Some 115,000 federal employees are getting four days off, including one unpaid furlough day. Friday is the first of several agency wide furlough days.

    CNNMoney
  • Amazon's (not so secret) war on taxes

    Amazon's (not so secret) war on taxes

    The online retail giant has waged a lengthy and tenacious campaign against state sales taxes on Internet purchases. But even when Amazon loses, it wins.

    Fortune
  • Europe steps up fight against tax cheats

    Europe steps up fight against tax cheats

    European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle abuse by companies.

    CNNMoney
  • Most outrageous tax cheats

    From a restaurant owner who hid cash receipts in "seasoned octopus" boxes to a self-proclaimed governor of Alabama who buried gold coins in his yard, here are some of the wildest tax fraud investigations the IRS has undertaken in the past year.

    CNNMoney
  • Federal workers under fire

    Federal workers under fire

    The Internal Revenue Service scandal couldn't have come at a worse time for the nation's 2 million federal workers, who are desperate to end furloughs and get their first raise in nearly three years.

    CNNMoney
  • "Overworked" IRS unit treated like a "stepsister"

    The Internal Revenue Service group under fire for giving extra scrutiny to conservative groups was overworked, understaffed and lacked a layer of experienced middle managers to sound alarms, say former colleagues.

    CNNMoney
  • What's behind the IRS tea party scrutiny flap

    What's behind the IRS tea party scrutiny flap

    The IRS is under fire for targeting conservative groups in a review of tax exempt groups engaged in political activity. Here's how it all started.

    CNNMoney
  • Where the mortgage deduction pays off

    Where the mortgage deduction pays off

    The mortgage interest deduction is claimed by less than a third of all tax filers, and its benefits are distributed unevenly across states -- factors that may become part of the tax reform debate.

    CNNMoney
  • IRS to close for 5 days due to budget cuts

    IRS to close for 5 days due to budget cuts

    Forced budget cuts are taking another bite out of the tax collection agency's operations. In addition to longer waits on its helpline, the agency will be closed completely for 5 days between May and August.

    CNNMoney

Much of the debate about the economy in this election is about taxes -- how much we pay, who pays it, if the burden is shared fairly. As the rhetoric heats up, these numbers can help you separate truth from spin.

Many people think they know what the rich pay in taxes and have strong opinions about it. But the reality isn't always as black and white as they think.

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