Not all states tax income the same. See how state income tax rates compare, how flat and progressive systems work and what ...

A proposed wealth tax has pitted Democrat against Democrat in California. The initiative, which a health care worker union ...

Taxes are a necessary fact of life. Although no one likes paying them, and they divert resources and cause waste, governments need revenue to provide essential (and some not-so-essential) services.

If you’ve ever noticed that higher earners pay a higher tax rate than lower earners, you’ve already encountered a progressive tax system. In simple terms, a progressive tax is designed so that tax ...

Tax season is approaching, and millions of Americans will soon turn their attention to tax brackets. Every year, the Internal Revenue Service announces new tax brackets, tiers of income that are taxed ...

California Gov. Gavin Newsom acknowledged that the state’s proposed wealth tax is bad economics. Newsom said he feels vindicated in opposing the proposed wealth tax after reports showed some of ...

Learn about tax attributes, which are reductions in tax credits, losses, and property basis when debt cancellation is excluded from taxable income.

Taxes are a necessary fact of life. Although no one likes paying them, and they divert resources and cause waste, governments need revenue to provide essential (and some not-so-essential) services. An ...

There is something emotionally satisfying about watching a wealthy person call for higher taxes on people like himself. It feels civic-minded, even noble. A recent commentary by former Utah Sen., ...

THE 2024 PRESIDENTIAL ELECTION, WITH THE THREAT OF A PROPOSED TAX ON BILLIONAIRES HERE IN CALIFORNIA, SOME OF THE STATE’S RICHEST RESIDENTS SAY THAT THEY’RE TAKING THEIR BUSINESSES NOW TO OTHER STATES ...

Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, ...

A potential veto of Chicago’s 2026 budget by Mayor Brandon Johnson could trigger the Windy City's first-ever municipal shutdown. Johnson reportedly rebuked the budget passed by council over the ...