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 ...

Protestors with the Recovery for All coalition march in 2021 with signs that ask for taxing the wealthy to help low- and middle-income families recover from the pandemic. Credit: Yeyhun Kim / CTMirror ...

Tax policy experts and lawmakers have long circled 2025 as a year to prepare for. What makes it so significant? For one thing, federal COVID money to states is expiring, straining state budgets at the ...

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 ...

Bring Chicago Home’s loss at the polls is the second time a progressive tax has failed in Illinois in recent years: first, a graduated marginal income tax, the unfortunately dubbed “fair tax,” and now ...

Like all people everywhere, Americans don’t like taxes. “In almost all countries where taxes are collected, people grumble, procrastinate, and even protest at times,” observed neuropsychologist Sam ...

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 ...

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 ...

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, ...