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 ...

Local, state and federal governments need to tax citizens so that they can pay for the programs and services those citizens need. And while U.S. federal taxes are a progressive tax system, there are ...

The One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, has ignited a heated discussion regarding its economic impact and wealth distribution. While the ...

GOP Presidential candidate Mike Huckabee recently got into a spirited debate with Fox News anchor Chris Wallace about Huckabee’s proposal to replace all federal taxes with a national retail sales tax, ...

Customers buy lottery tickets at a 7-Eleven in Chino Hills , Calif. California had more than $8 billion in lottery ticket sales in 2021. As states look to generate more revenue in an inflationary ...