President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...

Zohran Mamdani, a democratic socialist, is a leading candidate for mayor of New York. He wants to tax the rich. Business interests are panicking.

What would happen if billionaires paid taxes at the same rate as the middle class? The answer reveals some surprising truths ...

Sen. Rand Paul (R-KY) is pushing to slash the corporate tax rate, among other tax changes, as the Senate begins the marathon ...

Taxpayers won’t have many complaints about the retroactive tax cuts that took effect this week, but the retroactive tax hikes ...

Recent SALT deduction rule changes may result in higher tax bills for some high earners, particularly in high-tax states. Taxpayers should review the updates carefully to avoid surprises.

The flaw in eat-the-rich policies is that the wealthy are among the most mobile residents. They don't have to stay and pay. They can go to more tax friendly states, and they are.

LOUISVILLE, Ky. (WDRB) -- Kentucky is lowering the state property tax rate for the fifth year in a row. Gov. Andy Beshear ...

Board President Jake Lauritsen said the tax rate decrease will come at a good time for many residents, although the park district's levy is only about 9% of a property owner's tax bill.

In 2021 (the most recent data available), the typical earner paid $14,279 in federal income taxes, with an average tax rate of 14.9%, according to a recent Tax Foundation analysis of IRS data.

Middle-class taxpayers earning $50,000 to $75,000 will have an effective average tax rate of -1.9%, while those earning between $75,000 to $100,000 will face a tax rate of 1.8%, the JCT found.

While both individuals could say they're in the 25% bracket, the one with the higher income has an effective tax rate of 18% ($90,000 in tax divided by $500,000 in income), while the other's ...