Health and defense sucked up half of your federal income tax dollars, while less than two cents of every dollar you paid went to housing or to science programs.
A new report from the Government Accountability Office, which conducted its analysis at the behest of Senator Bernie Sanders, found that a fifth of large U.S. companies pay nothing in taxes.
Thousands of big companies could soon be forced to publicly divulge their juicy secrets about earnings and taxes around the world, under new rules proposed by European officials.
The tax proposals the Democratic presidential front-runner has put forth so far would raise the tax burden of the country's highest earners, according to a new analysis from the Tax Policy Center. But her plan would also make the tax code more complex.