Forbes contributors publish independent expert analyses and insights. The Old South hated the tariff—but could it have been a “cause” of the civil war, given how the North rammed protective tariffs ...

President Abraham Lincoln signed the Revenue Act of 1861, levying the first income tax on Americans to help fund the Union’s Civil War effort.= It was only a flat tax of 3% on people making over $800 ...

California’s early taxes were disproportionate to population and wealth, and in 1870 the state created the State Board of ...

An affordable housing development under construction in Hell's Kitchen, New York City. An affordable housing development under construction in Hell's Kitchen, New York City. Deb Cohn-Orbach—Universal ...

With January just weeks away and inflation still impacting the wallets of Americans, taxpayers across the country are preparing to file in 2025. To ease the transition, the Internal Revenue Service ...

The largest tax increase in American history? That’s what Rep. Michael Lawler claims would happen if Congress does not pass a budget reconciliation bill by the end of the year. Other WRAL Top Stories ...

A ballot question backed by the Pioneer Institute and Mass High Tech Council would reduce the state income tax rate from 5 percent to 4 percent over a three-year period — a cut, opponents say, that ...

Only a few states in the union currently do not levy an individual income tax, a factor that is known to appeal to many Americans living in heavily taxed states and which can drive significant ...

Earlier this month, Republicans approved a budget resolution that includes trillions of dollars in cuts to both taxes and government spending. Treasury Secretary Scott Bessent said on Tuesday that the ...