income tax

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Why the U.S. once relied on tariffs to raise revenue — and what it would mean to go back
Win McNamee/Getty Images
President-elect Donald Trump has suggested he would cut or even eliminate income taxes, ramping up the role tariffs play instead.
China pledges tax reform. That is a big deal for this socialist country.
Charles Zhang/Marketplace
Why China’s leaders have long delayed tax reforms in the socialist country.
New Jersey offers residents incentives to sue New York
Leonardo Munoz/AFP via Getty Images
The move centers around taxes paid by New Jersey residents whose jobs are in New York and had to pay taxes there.
High-income taxpayers help some states stay above water
Chris Hondros/Getty Images
Overall, state revenue is down 1.9%, but 22 states have higher revenue than a year earlier. Tech and Wall Street have helped.
States battle over remote-worker income tax
Olivier Douliery/AFP via Getty Images
Which state should get income taxes when out-of-state workers no longer go to the office?
45 states just started a new fiscal year. None are celebrating.
Michael Ciaglo/Getty Images
Tax revenue is down, expenditures are up and the future’s uncertain.
Cities and states that lean on sales and income tax to operate have taken a hit
Matthew Hatcher/Getty Images
A place like Columbus, Ohio, relies on income tax for 75% of its revenue.
For people who qualify, free tax prep assistance is available
As tax day approaches, many Americans are rushing to tax preparers for paid help. The National Society of Accountants found in a survey last year that Americans paid tax preparers $176 on average to file federal and state returns. That’s without itemized deductions. But what programs are available for people with low incomes so that […]
New York’s wealthy balk at the new tax law
Ryan Kailath/Marketplace
They pay half of the city's income tax revenue. Now that they can't deduct it, some may leave.
Cutting the federal income tax rate is just a start, some economists say
Gary Cohn, President Donald Trump’s chief economic adviser, told CNBC this morning that it would be hard for the current tax bill to reduce federal tax rates further for a family earning median income without going into negative tax rates. But federal income tax is just one kind of tax that everyone pays. Click the audio […]

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income tax