A recent poll showed half of California voters support a proposed one-time 5% tax on billionaires' wealth, but concerns about impact remain.

China's first generation of wealthy entrepreneurs begins passing on $2.1trn to heirs, creating inheritance disputes and deepening inequality as economic growth slows.

Sen. Chris Van Hollen has recently introduced the Working Americans’ Tax Cut Act, which offers a generous middle-class tax cut paid for with a new tax on millionaires.

A state senator representing Hillsdale County has proposed a bill to roll back Michigan’s recent tax increase on cannabis sales, gaining support from local sellers.

In 1978, on the eve of China’s economic take-off, the average household’s assets were worth barely $1,500 in today’s money. Now, that figure has reached about $170,000, a hundred-fold real increase.

And New York City Mayor Zohran Mamdani has reupped his push for New York state to raise taxes on the rich — though he faces ...

Whether you’ve already filed your 2025 tax return, are scrambling to do so, or are applying for an extension, now is the time to think about reducing your future tax burden. Join us Monday, March 30 ...

Cory Booker of New Jersey, both Democrats, are advancing separate pieces of legislation that would eliminate federal income taxes for millions of Americans. Forget about tax breaks for tips, overtime ...

Instead of proposing income tax cuts for low earners who pay little or no income tax in the first place, how about FICA cuts—offset by taxing the rich?

New York lawmakers are putting the pressure on Gov. Kathy Hochul as they include tax hikes for the wealthiest New Yorkers in their one-house plans.

After much back and forth, West Virginia Governor Patrick Morrisey’s 10 percent income tax reduction was taken up by the House Finance Committee. The final budget was sent out of the ...

Senate Bill 6346 passed Tuesday after a 24-hour debate on the House floor, according to Rep. Stephanie Barnard. The bill would impose a 9.9% tax on Washington residents with more than $1 million in ...