Tax loopholes are really government spending by another name, experts say, and they cost the U.S. Treasury billions each year.

Lillian Mills explains where the chunk of money missing from your paycheck goes.

McCombs faculty offer suggestions to help the supercommittee meet its Thanksgiving deadline.

Lingo video: What is the debt ceiling, and how did it bring the nation to its knees?

How the IRS avoids double-taxing foreign earnings -- but only up to a point.

Accounting guru Lillian Mills dispels the myth that graduating to a higher tax bracket decreases your income.

To date, America’s mounting deficits have been an abstraction, a threat a couple of generations down the line. But there’s evidence, say faculty at the...