The vast majority of state and local tax systems are regressive, costing lower-income workers more of their income than wealthier residents. Although top earners contribute more total dollars, ...

After recently raising sales taxes and fees to the highest in history, the city is again coming for more of your money. Measure Z’s proponents are City Council members looking to once again stuff the ...

The one big change in Mayor Michael Bloomberg's executive budget for fiscal year 2010 is his proposed increase in the city sales tax from 4.0 percent to 4.5 percent, double the increase he proposed in ...

The top tax rate wealthy Americans pay on their investment gains today runs barely half the top rate the rest of us pay on our wages. But that only begins to tell the story of how lightly taxed our ...

While the news constantly talks about the idea of the “flat tax” in the United States, the progressive tax system may actually be more fair to lower-income earners. But what exactly is a “progressive ...

Once again, Chicago finds itself debating yet another tax — this time on groceries, a primary component of our lives. Let’s put the facts on the “counter” for all to see. Putting a tax on food is ...