Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...

A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...

As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...

In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases ...

Nine states rang in the new year by lowering their income tax rates. Find out if your state was one of them. Thomas is a native of upstate New York and a graduate of the University at Albany.

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.

Marie Sapirie examines one of President Trump’s recent executive orders, a White House memorandum, and some scripted remarks ...

Some bright news: As of January 1, 2025, income tax rate cuts have gone into effect in nine states. Of these nine states, some cuts are minimal, while others are fairly sizable. Of course ...

The highest rate in the US is the 13.3% collected in California from those making over $1 million a year, while states including Alaska, Florida and Nevada collect no income tax at all.

A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ...

A family's grocery bills often end there, but many states and jurisdictions tack a sales tax on these purchases as well. Their tax rates can fluctuate ... tax credit to low-income taxpayers ...