Income tax
Jeff Bezos Is Right: Taxing Billionaires Won't Solve the Affordability Crisis
Before demanding more money from America’s wealthiest, lawmakers should account for the billions of dollars the federal government wastes each year.
'The Rich Don't Pay Their Fair Share' and 4 Other Tax Myths That Won't Die
The United States has the most progressive income-tax system in the developed world.
Trump's Illegal War in Iran Is Financed by Your Taxes. That's a Good Reason To Stop Paying Them.
If Congress will not deploy the power of the purse to restrain a lawless administration and an illegal war, then it falls to the public to do so.
60% of Americans Agree Taxes Are Too High. Here Are 4 Other Reasons To Hate the Tax System.
A noncomprehensive list
Washington State Just Passed a 9.9% Income Tax on Those Making $1 Million
The new tax “is probably one of the biggest changes in Washington state political history since our founding,” says one state representative.
The Tax Loophole That Made U.S. Health Care Unaffordable
The employer insurance exclusion has chained workers to their employers, practically eliminated consumer price sensitivity, and suppressed wages.
The Sanders-Khanna 'Billionaire Tax' Would Make All Americans Poorer
The senators are ignoring the predictable consequences of their wealth tax.
Washington's Millionaire Tax Is Economic Suicide
Washington has enjoyed decades of spectacular economic growth as a direct result of the absence of state income taxes. The new measure threatens to change all that.
Mamdani To Increase NYC Property Taxes by 9.5 Percent To Balance Budget if Income Taxes Are Not Raised
So much for "the warmth of collectivism."
Dumping State Income Taxes Could Mean High Sales Taxes—or an Opportunity for Smaller Government
A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.
Florida Governor Candidate Proposes 50 Percent Tax on OnlyFans Creator Revenue
"I will not allow a generation of smart and capable young women to sell their bodies online," said Republican gubernatorial hopeful James Fishback.
Trump's Plan To Reclassify Marijuana Would Leave Federal Prohibition Essentially Untouched
The main practical benefits would be tax relief for the cannabis industry and fewer barriers to medical research.
The IRS Moves To Keep Its Cut of Porn Tips
The agency has proposed excluding tips received from "pornographic activity" from a new tipped wage deduction.
Some Democrats Urge the Military To 'Refuse Illegal Orders.' What if the IRS, ATF, and EPA Did the Same?
Much of what the federal government does on a daily basis flouts constitutional protections and offends human decency.
Trump's Rebate Plan Will Push America Toward a Hyperprogressive Tax Code
The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.
F1 Is a Perfect Summer Movie
A roaring, swaggering, immensely entertaining throwback to the Jerry Bruckheimer Dad Action Movies of yore.
Trump's Tax Plan Is a Leftist Economic Agenda Wrapped in Populist Talking Points
The administration shows no coherent commitment to free market principles and is in fact actively undermining them.
Mississippi Is Ditching Its Income Tax. Other States Should Follow.
The poorest state in the nation just passed bold tax reform that empowers workers, attracts investment, and simplifies the system. It’s a model worth copying.
Two Cheers for Extended Tax Cuts and an IRS in Chaos
It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.
These Reforms Would Simplify Our Messy Tax Code—and Level the Playing Field
The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.
New Income Tax Proposal Is Progressive and Unworkable
Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.
Yes, We Should End Taxes on Tips
Taxing tips generates practically no revenue, burdens workers, and fuels pointless IRS audits.
It's Time for a Flat Tax
America’s tax system is already highly progressive. A simpler, flatter structure would be fairer, raise more revenue, and fuel economic growth.
Trump's 'External Revenue Service' Is a Public Relations Effort. It Won't Change How Tariffs Work.
Trump promises to "tariff and tax foreign countries to enrich our citizens." That's not how it works.
Americans Continue Migrating From High-Tax to Low-Tax States
Increasing mobility and remote work make taxes an important consideration in where to live.
The U.S. Tax Code Is Way Too Complex. Here's How To Fix It.
The high cost of complying with our tax code encourages wasteful tax avoidance strategies and distorts work and investment decisions.
Raising the SALT Cap Is a Gift to High-Tax States
Capping state and local tax deductions sparked a tax migration that rewarded pro-growth states. Raising the cap now would stall reform where it’s needed most.
Keeping These Tax Cuts Is a Bad, Expensive Idea
Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.
The President Still Has Time To Show His Mercy Extends Beyond His Own Son
The draconian penalties that Hunter Biden escaped affect many people whose fathers cannot save them.
Hunter Biden's Pardon Features Several Shades of Hypocrisy, Including the Gun Policy Implications
Joe Biden says his son did not deserve prison for violating firearm laws that the president vigorously defends and has made more severe.
A Taxpocalypse of Rising Rates Is Coming For Americans if Congress Doesn't Act
Here's how expiring tax cuts could affect you.
Abolish the IRS—and the Income Tax Too
Americans spent an estimated $133 billion and 6.5 billion hours filing their tax returns in 2024.
Is Being a Mom Bad for Your Career?
A recent study showed women experience a short-term "motherhood penalty" but their earnings rebound within a decade.
Where Is Trump's Plan To Cut Spending?
The former president says the government should be funded like it was in 1890. So where's the plan to reset spending to 1890s levels?
Trump and Harris' Economic Plans Are Depressingly Similar
Both campaigns represent variations on a theme of big, fiscally irresponsible, hyper-interventionist government.
Carving Out a Tax Cut Just for Tips Doesn't Make More Sense When Kamala Harris Does It
Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.
Biden and Trump Hope to Tip the Election Scales With Working-Class Proposals
Competing visions on tipping policies highlight the differences in the candidates’ approaches to winning over working-class voters—but neither will provide much benefit.
IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes
The Biden administration's $60 billion expansion of the IRS has netted $1 billion in new revenue so far.
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
Prosecutors Are Still Hedging on Exactly What 'Crime' Trump Tried To 'Aid' or 'Conceal'
This week the judge presiding over Trump's trial ruled that jurors do not have to agree on any particular legal theory.
Brace for Big Tax Hikes in 2026 Unless Congress Acts
The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.
This Tax Week, Remember That the Federal Income Tax Is Relatively New
There are many pervasive myths about the U.S. tax code. Here are a few.
Don't Forget To Claim Drug Dealing Income on Your Taxes
According to IRS guidance, any income derived from illegal activity is taxable, and there's no statute of limitations on when they can go after you.
The Real Tax Gap
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
Congress Continues To Make the Tax Code Ridiculously Hard To Understand
I shouldn't have to spend so much money on an accountant every year. But I don't really have a choice.
Expanding the Child Tax Credit Would Perpetuate Systemic Poverty
The policy is a true budget buster and is ineffective in the long term.
