Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.

Michigan lawmakers are addressing a tactic used by local governments to pass tax increases during low-turnout elections.

Kathy Hochul with counterbudget proposals that include tax increases on top earners. Details are still being discussed, but ...

The State Assembly and Senate are each calling for the state to raise taxes, piggybacking on a push by Mayor Zohran Mamdani of New York City.

Although most economists tend to overemphasize the desirability of particular ways of collecting tax revenue as opposed to ...

Several business leaders say they talk with the mayor, a democratic socialist who is trying to achieve an ambitious agenda amid signs of a slowing economy.

Explore the rules on setting off short-term capital losses from IPOs against gains from futures and options trading.

The case against wealth taxes is simply that they haven’t worked. Of the three European countries that have held on to them — ...

Tax pros are typically focused on saving their clients money. That often means delaying or avoiding moves that could trigger capital gains taxes. Sometimes, though, such moves are necessary to avoid ...

New Jersey Gov. Mikie Sherrill said she would not raise taxes on New Jerseyans, but when she made her budget pitch on Tuesday, it became clear that the promise didn’t extend to businesses. That caught ...

Tax hikes that socialist Democratic New York Mayor Zohran Mamdani campaigned on appear poised to come to fruition, despite ...

Downtown Seattle Association President & CEO Jon Scholes said Wednesday night that the Emerald City's downtown area has lost 37,000 jobs in the last five years ...