Tax eBrief: Return of Federal Payroll tax hits retailers, and more

Tax-eBrief-Federal-Payroll-Tax-REUTERS-Lucas-Jackson-shopping-300x186_130222

The recently restored federal payroll tax that has left Americans with less money to spend. Wal-Mart Stores Inc. on Thursday joined a parade of retailers, restaurants and consumer-goods companies worried about the economic impact. Continue reading

Tax eBrief: Married couples face marriage penalties and bonuses, and more

Tax eBrief: Marriage Penalties and Bonuses - REUTERS/Mike Segar

Being married subjects couples to marriage penalties and bonuses. Some couples see raised taxes “marriage penalty”, and lowered taxes for others “marriage bonus”. The marriage penalty is especially pronounced for married couples earning above $300,000. Continue reading

Tax eBrief: EU financial transaction tax push causes dismay, and more

Tax eBrief: Capitol Hill REUTERS/Jim Young

The European Commission appears determined to press ahead with a Europe-wide financial transaction tax in spite of warnings that it threatens the existence of Europe’s 1 trillion euro ($1.37 trillion) money market funds industry. Continue reading