Several already impose “millionaire taxes,” designed to raise additional revenue from the highest-income residents.

Nine states across the country have lowered their income tax rate as of January 1, in a move that, at least on paper, should allow residents to have more money to spend on goods and services. Indiana, ...

With inflation holding steady, Bloomberg Tax & Accounting predicts that tax brackets and inflation-adjusted amounts will increase slightly. Combined with changes under the new tax law, your tax ...

A recent report has revealed which states’ taxes are the most competitive relative to other states, based on those that impose the lowest rates while maintaining a structure that is simple and ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

As you may well know, paying property taxes is one of the more frustrating parts of home ownership. Whether you’re a homeowner, a real estate investor, a landlord with many units, or a retiree, ...

Effective tax rate is your average tax rate as a percentage of total income. Marginal tax rate is the tax on your highest dollar earned, not your total income. Historically, top marginal rates have ...

Harris County Judge Lina Hidalgo recently floated holding a tax rate election to help bridge a projected $270 million budget gap. If approved by voters, officials could raise the property tax rate by ...