I think the main thing that's driving the the trend towards income tax rate reductions really is just pure old fashioned competition. States are competing for people, they're competing for businesses, ...

Supporters of progressive income taxation should be happier than they seem to be every April 15. Despite whining from politicians and activists that the rich don’t pay their “fair share,” the United ...

When Washington state Democrats passed a new income-tax bill in March, the disastrous impacts started even before Gov. Bob Ferguson signed it into law. Corporations and big-name entrepreneurs began a ...

New tax deductions for overtime pay, tips, seniors, and car loan interest don’t disappear immediately when income crosses a line. Some deductions, such as one for those 65 and older, end up being ...

South Carolina income tax filers are on a path to not having to pay state income tax, under a law signed by the governor this week. Gov. Henry McMaster signed legislation that sets a course to ...

Washington Gov. Bob Ferguson (D) on Monday signed the state’s first income tax on residents making more than $1 million annually. The “millionaire’s tax,” which advanced by the state Legislature last ...

OLYMPIA, Wash. — Gov. Bob Ferguson has signed the so-called millionaires tax into law, creating a first-of-its-kind income tax for Washington State. "It's been a long journey to get here, but because ...

A legal challenge certainly, maybe two. A ballot battle as well, its timing less certain. Opponents of the much-debated 9.9% tax on households with incomes above $1 million a year are honing legal and ...

Travis Kalanick chose to ditch California on Dec. 18 for a reason. The Uber co-founder relocated from San Francisco to Austin, Texas, exactly 14 days before California's would-be billionaire wealth ...

According to the Blood in the Machine newsletter, a nonprofit program aimed at relieving the financial hardships of people negatively impacted by AI is issuing payments as of this week. The program is ...

Recap: One suggestion for helping the many thousands of people laid off or unable to find a job because of AI has long been a basic income program. That plan is no longer a theoretical proposition: it ...