With a bullet: Tax day edition

April 15, 2015 1:07 PM

57 0

With a bullet: Tax day edition

Whee! It’s tax deadline day. And despite all the work that goes into preparing income taxes, most Americans pay more in payroll taxes – for Social Security and Medicare – than they do in federal income taxes. Those are flat taxes, and there are no exemptions, deductions or credits for those.

Tax day by the numbers. The IRS has 14% fewer workers than it did in 2010.

Also read: Mnuchin’s Talk of Tax Plan ‘Soon’ Stirs Markets and Skeptics

Read more

To category page