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Taxes

Kamala Harris’ claim that billionaires pay lower tax rates than firefighters is misleading

Taxes

Fact-checking misleading Harris claim about billionaire tax rates

VP Kamala Harris said on 60 Minutes that teachers, nurses, and firefighters have higher tax rates than billionaires. Here’s what the tax code actually says.
Taxes

Biden-Harris unrealized gains tax would not tax most Americans

Biden’s proposed unrealized gains tax only targets Americans worth at least $100 million. Most Americans wouldn’t be taxed when their home’s value increases.
Taxes

Biden-Harris unrealized gains tax would not impact most Americans

Biden’s proposed unrealized gains tax only targets Americans worth at least $100 million. Most Americans wouldn’t be taxed when their home’s value increases.
Joe Biden

No, billionaires don’t pay average of 8.2% in federal taxes

President Biden claimed during the State of the Union that the “average federal tax rate” for billionaires is 8.2%. But the actual number is higher.
Donald Trump

No, Donald Trump did not lower taxes on billionaires and raise them on everyone else

Illinois Gov. J.B. Pritzker claimed former President Trump lowered billionaires’ taxes while raising them for many working-class Americans. That’s false.
Taxes

Claim Trump can make tips tax-free needs context

Former President Trump says if he wins the 2024 election, there will be “no taxes on tips.” Here’s what would need to happen for tips to be tax-free.
Taxes

Could Trump make tips tax-free?

Former President Trump says if he wins the 2024 election, there will be “no taxes on tips.” But that would only happen if Congress passes a law.
Student Loans

No, taxes are not going up to pay for student loan forgiveness

President Biden’s student debt relief plan does not raise taxes to pay for it, which is something only Congress can do. Here's how it could impact taxpayers.
Social Security

Raising Social Security tax cap for high-income earners would help, but not fix, its shrinking reserves

Taxing more income from higher earners could help with Social Security’s financial problems, but it wouldn’t completely fix the issues.
Taxes

No, credit card cash-back rewards are not taxable

With Tax Day fast approaching, VERIFY reader Larry wanted to know if credit card cash-back rewards are taxable. Here’s why they are not.
Taxes

VERIFYING what happens if you don’t file or pay your taxes on time

The IRS penalizes taxpayers for both filing late and paying late. We VERIFY how you can avoid or reduce late penalties and interest.

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13 WTHR Indianapolis | Indianapolis Local News & Weather

Kamala Harris’ claim that billionaires pay lower tax rates than firefighters is misleading

Fact-checking misleading Harris claim about billionaire tax rates

Biden-Harris unrealized gains tax would not tax most Americans

Biden-Harris unrealized gains tax would not impact most Americans

No, billionaires don’t pay average of 8.2% in federal taxes

No, Donald Trump did not lower taxes on billionaires and raise them on everyone else

Claim Trump can make tips tax-free needs context

Could Trump make tips tax-free?

No, taxes are not going up to pay for student loan forgiveness

Raising Social Security tax cap for high-income earners would help, but not fix, its shrinking reserves

No, credit card cash-back rewards are not taxable

VERIFYING what happens if you don’t file or pay your taxes on time

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