It’s recommending the state begin a six-year process to eliminate the state income tax, but the process would begin next year ...

Speaking to U.S. military service members last week, Trump floated the idea of eliminating income taxes entirely, funded by ...

Initiative1098: That’s the one that Bill Gates Sr. has helped to write and promote, even though he is one of the very few people who will see his taxes go up, should this initiative pass. Or better ...

Lt. Gov. Delbert Hosemann speaks during a press conference at the Mississippi Capitol in Jackson on Monday, March 17, 2025. He addressed the ongoing debate surrounding House Bill No. 1, which aims to ...

There are signs, however, that the state’s chronic fiscal challenges are reemerging and likely to be exacerbated by federal ...

What do the wealthy pay in federal taxes? On paper, the top marginal income-tax rate is 37% on ordinary income and 23.8% on capital gains. Government estimates put high-income filers’ average rates in ...

• Today, the richest Americans pay an effective tax rate of more than 20% on the income the government counts under the current tax code. Biden’s 8% figure compares their tax payments to an amount ...

Running the Numbers: Can Tariffs Replace Income Tax Revenue? If you want to raise $2.4 trillion from a roughly $3.5-trillion base of imports, the back-of-the-envelope math suggests you need an average ...