South Carolina might do away with a progressive income tax system altogether, replacing it with a regressive flat tax. Here's ...

In his Rose Garden announcement of sweeping new “reciprocal tariffs,” President Donald Trump held aloft a misleading chart ...

Recent figures from HMRC show that the number of higher-rate taxpayers ballooned 15 per cent between the 2021/22 and 2022/23 tax years, due to fiscal drag. With the income tax thresholds set to ...

Mr. Kudlow is a Fox News Media contributor. His show “Kudlow” airs at 4 pm ET weekdays. He is also syndicated radio host of ...

LOWCOUNTRY, S.C. (WCIV) — A bill in the statehouse is looking to cut the income tax rate for the 2026 tax year. H.4216 aims to lower South Carolina’s current top tax rate from 6.2% to 3.99%.

Well, maybe not, as some Republicans are now floating the idea of raising corporate and individual income tax rates as part of their “one big, beautiful bill.” ...

If you live in one of nine specific states, however, you're likely to see your take-home pay increase a bit, after lawmakers in those states cut their income tax rates as of Jan. 1. Some of these cuts ...

Federal income tax rates range from 10% to 37% for the 2024 ... the breakdown for which is illustrated in the chart below: For the 2025 tax year, assuming the same $80,000, the brackets are ...

In theory, our income tax system is simple and progressive. As people earn more they pay a higher rate by stepping up three bands: 20 per cent, 40 per cent and 45 per cent. In reality ...

Alex Fitzpatrick/Axios Iowa's income tax rate is now among the lowest in the nation, according to a new analysis by the Tax Foundation, a nonpartisan think tank. Why it matters: Lower income tax rates ...