Arizona switched from a progressive taxing system like the feds to flat tax in which everybody now pays the same low rate.

Abolishing U.S. income tax and replacing it with tariffs would require a prohibitive 72% average tariff rate. Click here for ...

Cost of living is on the rise. According to the consumer price index February data, the cost of transportation services jumped 6% year over year, while the cost of housing rose by 4.2% over the same ...

(Bloomberg) Businesses and individuals may get major tax breaks if President-elect Donald Trump can successfully meld his own tax proposals with similar ones favored by House Republicans. With ...

President Biden and first lady Jill Biden released their jointly filed 2023 tax returns on Monday, showing a federal adjusted gross income of $619,976 on which they paid $146,629 in federal income tax ...

JEFFERSON CITY, Mo. (AP) -- The stakes just got a little higher in the fight over Missouri income tax cuts. The leader of a conservative group said Friday that it may recruit primary challengers to ...

Do they or don’t they? The answer apparently depends on who and what you ask. It didn’t take former Gov. Pat Quinn long after last week’s election to insist that the people of Illinois — by an ...

A new, streamlined option for the home office deduction is available this filing season, and the I.R.S. hopes it will reduce paperwork hassles. By Ann Carrns The first-time homeowner credit and ...