A progressive tax structure allows low-income earners to pay a smaller proportion of their income as tax compared to high-income individuals, who are taxed at progressively higher rates. A progressive ...

Tax havens offer very low tax rates to foreign and domestic investors. While we often think about the business implications of tax havens, there can also be implications for individuals. Here are ...

All but a handful of states impose sales taxes on purchases, and sales taxes are the single biggest source of tax revenue for states. Business owners who sell goods or services to the public should ...

If you own a home, you have paid an ad valorem tax. If you own a car, same thing. In fact, if you've ever bought anything in the United States, you have paid an ad valorem tax. These taxes are based ...

If A, from the example in the article, had the same amount and type of taxable income in 2017 under the old kiddie tax rules and her parents had taxable income of $250,000 and they did not owe ...

Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

What are the main sources of revenue for the federal government? How does the government fund its many activities and plans, some of which are quite ambitious and expensive? The answer is that all the ...

Only a handful of Democrats (and not all of them) voted against the half-billion-dollar income tax cut approved during the special session of the legislature. It was not an easy vote for those ...