Finance

Hillary Clinton is calling for a 4 percent tax surcharge on Americans making more than $5 million annually, a move that would lead to the highest top U.S. income tax rate in 30 years.

Rep. Tom Reed, R-N.Y., has proposed to require nonprofit colleges and universities to dedicate 25 percent of their annual endowment income to financial aid. If they don’t, they could lose their tax-exempt status.

Republican presidential candidate and famed neurosurgeon Ben Carson has released a flat tax plan as he aims to revive his candidacy.

Democratic presidential front-runner Hillary Clinton will unveil proposals this month that will “go beyond the Buffett Rule” to raise the effective tax rates paid by the wealthiest Americans, she said Saturday.

Critical tax legislation and court decisions from last year

Critical tax legislation and court decisions from last year

Tax provisions in the new transportation funding act

The House has approved tax extenders legislation that makes a number of the periodically expiring tax breaks into permanent features of the tax code.

A set of delays on Obamacare-related taxes in the new federal spending bill will give corporate earnings a modest boost but are unlikely to undo the law or produce significant changes in the health-care industry.

Congressional leaders unveiled a wide-ranging deal on tax extenders, making some items permanent.