A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a ...
As we kick off a new year, several states are facing revenue shortfalls. Some lawmakers are approaching the challenge with ...
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 ...
If you’re earning $50,000 a year, where you live could mean the difference between paying less than $50 or about $4,000 in state income taxes annually. That’s a lot more in your pocket — or your state ...
Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. Congress is out for August recess and most state legislatures won ...
(The Center Square) – Manufacturers say legislators at the Illinois State Capitol have done enough damage and a progressive tax would be too much. Last week, former Illinois Gov. Pat Quinn proposed a ...