Tax season is upon us. For some, it may be your first time filing taxes. And even for those who have filed for years, taxes are not always the easiest task to tackle. From income tax to sales tax, ...

If you’re paying less in taxes as your taxable income increases, you’re likely following a regressive tax system. Regressive taxes offer an inverse relationship between income levels and tax rates; ...

The Institute on Taxation and Economic Policy (ITEP) released its annual "Who Pays" report. The report should be read by everyone in the state and local tax policy business. Once again, ITEP has found ...

You likely pay a version of each on income or goods Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and ...

Some people hate the thought of paying taxes; others believe as Franklin D. Roosevelt did that taxes are the dues we pay for the privileges of an organized society. Whatever you believe, it's best to ...

As states look to generate more revenue in an inflationary economy, along with the risk of a recession, progressive governors like J.B. Pritzker who advocate for progressive income taxes also support ...

The chart above displays the estimated burdens of trade tariffs (as a share of after-tax household income) on US households by income deciles. It represents graphically the main conclusion of a new ...

One of the ongoing complaints about Illinois's tax system—besides general complaints about it being too high for everything—is its prairie flatness, which is unusual among states. One complaint is ...