If you’ve ever noticed that higher earners pay a higher tax rate than lower earners, you’ve already encountered a progressive tax system. In simple terms, a progressive tax is designed so that tax ...

Income tax — a tax on money made from jobs and other sources — is the largest revenue source for the US government. Although originally controversial, it has become a key principle of the US tax code.

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 ...

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 ...

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 ...

The Great Recession happened at a formative age for me. As a third grader, I remember watching my friends’ parents get laid off from their jobs and face real economic hardship. At the same time, ...