Progressive, regressive, and flat taxes are all different tax systems governments can deploy. Learn what each of these types of taxation means for you. A progressive tax is when the tax rate you pay ...

What Is a Progressive Tax? A progressive tax is one in which the tax rate increases as the amount that is taxed increases. Many income taxes, including the federal income tax in the United States, are ...

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

The Congressional Progressive Caucus released its annual budget proposal Thursday, proposing record high taxes that would raise taxes by nearly $3 trillion over the next decade. According to estimates ...

As we draw closer to the November elections, there is an inordinate amount of attention being paid to “disinformation,” and a great deal of fact-checking of candidates’ statements. So this seems to be ...

One of the primary tax reform debates taking place in several states is an argument over which type of tax system most efficiently raises revenue for the government while not unduly burdening ...

Forbes contributors publish independent expert analyses and insights. Joseph J. Thorndike writes about tax history. Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss envy ...

Democrats have long sought to make the federal income tax even more progressive than it already is — and it is very progressive now. But there is an additional progressive income tax – a tax that most ...

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 ...

No serious economist believed that former President Donald Trump’s 2017 tax law would pay for itself. On the contrary, that buffet of tax cuts will explode deficits by almost $2 trillion over 11 years ...

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 ...