This beginner-friendly guide explains what income tax is, how it works, and why it matters, helping newcomers understand ...

What Is a Progressive Tax? A progressive tax is one in which the tax rate increases as the amount that is taxed increases. Many income taxes, including the federal income tax in the United States, are ...

Progressive, regressive, and flat taxes are all different tax systems governments can deploy. Learn what each of these types of taxation means for you. A progressive tax is when the tax rate you pay ...

One of the primary tax reform debates taking place in several states is an argument over which type of tax system most efficiently raises revenue for the government while not unduly burdening ...

The Congressional Progressive Caucus released its annual budget proposal Thursday, proposing record high taxes that would raise taxes by nearly $3 trillion over the next decade. According to estimates ...

Chicago faces potential first-ever municipal shutdown as Mayor Brandon Johnson weighs vetoing budget over corporate tax ...

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

Democrats have long sought to make the federal income tax even more progressive than it already is — and it is very progressive now. But there is an additional progressive income tax – a tax that most ...

Secretary of Commerce Howard Lutnick recently announced on CBS News that the Trump administration wants to eliminate income taxes for those making $150,000 a year or less. Were that to happen, only ...

Forbes contributors publish independent expert analyses and insights. Joseph J. Thorndike writes about tax history. Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss envy ...

Seattle Social Housing is set to receive its first-ever funding disbursement – $50 million – from a voter-approved excess compensation tax.

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. Here I go again, harping on the United States’ stubborn ...