A wealth tax is a type of tax that’s imposed on the net wealth of an individual. This is different from income tax, which is the type of tax you’re likely most used to paying. The U.S. currently doesn ...

If you own a home, you have paid an ad valorem tax. If you own a car, same thing. In fact, if you've ever bought anything in the United States, you have paid an ad valorem tax. These taxes are based ...

Discover the role and tax requirements of household employees, such as nannies and housekeepers, and learn how they differ from independent contractors.

Sales tax liabilities are funds collected from customers to be distributed to state and local tax agencies by businesses. Business owners and companies track sales tax liabilities on a sales tax ...

Tax havens offer very low tax rates to foreign and domestic investors. While we often think about the business implications of tax havens, there can also be implications for individuals. Here are ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. A portion of an individual’s U.S. Social Security retirement, ...