Taxes

Are you paying the iTunes tax?

If you live in one of the nearly 25 states that charge sales tax on digital goods or services you likely pay more for everything from downloaded music, ebooks and ringtones to streaming TV shows and video.  More

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  • 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
  • How does your mortgage deduction compare?

    How does your mortgage deduction compare?

    In 2010, the average mortgage deduction among homeowners claiming it on their federal tax returns was $10,640. But the average deduction claimed in each state varied widely.

    CNNMoney
  • IRS workers protest spending cuts

    IRS workers protest spending cuts

    IRS workers were out in force Tuesday protesting the impending furloughs due to government spending cuts.

    CNNMoney
  • Many early tax filers still waiting for refunds

    Many early tax filers still waiting for refunds

    More than three months after rushing to file their tax returns early, many filers are still without refunds.

    CNNMoney
  • U.S. citizens ditch passports in record numbers

    U.S. citizens ditch passports in record numbers

    If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to America, tax-wise.

    Fortune
  • Senate approves Internet sales tax proposal

    Senate approves Internet sales tax proposal

    The Senate approved Internet sales tax legislation on Monday, moving it one step closer to enactment and paving the way for consumers to pay billions more in sales tax on online purchases.

    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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