Tax Bill | featured news

Agonizingly close to a New Year's Eve compromise, the White House and congressional Republicans agreed Monday to block across-the-board tax increases set for midnight, but held up a final deal as they haggled away the final hours of 2012

Democrats and Republicans say signs of progress are emerging in urgent negotiations to avert the looming `fiscal cliff' ahead of a midnight deadline.

In a strong affront to the Chinese government’s attempt to censor artists and internet users, fans of the artist Ai Weiwei have raised more than $830,000 in three days through social media to help the artist fight a $2.4 million tax bill from the state.

You wouldn't know it by the Tax Day rhetoric, but Americans are paying lower taxes this year, even with increases passed by many states to balance their budgets.