After reducing income tax rates and compressing the brackets in 2022, South Carolina is considering doing away with a progressive income tax system altogether, replacing it with a regressive flat tax.

Let’s start with a chart to understand the dire fiscal situation we are in as a nation. Figure 1. Federal Debt Held by the Public as a Share of Gross Domestic Product, 1940-2054 You’re looking at how ...

Tax returns are deeply personal. Many factors and life changes can affect yours. Why your refund may be different from the ...

IRS sends out millions of dollars in tax refunds each year for overpaid taxes, but the amount can vary based on several ...

Jim Chalmers has delivered the buy-now-pay later Budget, that potentially gives voters a pat on the back for toughing through ...

When you get your bonus check, it may feel like you’re getting taxed higher than normal. But what’s actually happening is ...

CheapInsurance.com examined the demographics of the uninsured population in the United States using data from the Census ...

The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

Between 1979 and 2021, the richest 0.01 percent of households had a cumulative income growth rate of 1,003 percent after accounting for taxes and aid transfers. That’s 7.6 times the 132 percent growth ...

You're smart to ask, because many people assume that's the case — and it's not. That 22% is your "marginal" tax bracket — ...

More than six-in-ten U.S. adults (63%) say tax rates on large businesses and corporations should be raised. This includes 34% ...

Home loan buyers can avail huge tax benefits on the principal and interest they paid on their loan. The cumulative interest ...